The Ghana cedi lost about 1.94% value to the US dollar last week to trade at an average of ¢13.0. The local currency closed the week at an indicative rate of ¢11.01/$1 on the interbank market. Bank of Ghana Exchange Rates pic.twitter.com/PeFvTwftQT — Bank of Ghana (@thebankofghana) February …
Read More »Did Frances Awurabena Essiam, Former CEO Of GCMC Resign Or She Was Sacked? – Check Out Details
The President of the republic of Ghana; Nana Addo Dankwa Akufo-Addo has nominated Madam Genevieve Sackey as the new the Chief Executive Officer of the Ghana Cylinder Manufacturing Company Limited (G.C.M.C). This comes after madam Frances Awurabena Essiam resigned from the position on Thursday, February 23, 2023. Madam Awurabena Essiam …
Read More »Ahafo Region: Mining contractors bemoan of exorbitant fees.
Association Of Local Mine Contractors Ghana (ALMCoG) is protesting a 500 percent increase in mining services permit from the Minerals Commission. According to them, Local firms are now to pay $10, 000, instead of ¢2,000.00 cedis a year. Registration form and processing fees are now $250.00 and $500.00 respectively. They …
Read More »Protests Over Cash Shortage Hit Parts Of Nigeria
Protests have broken out in parts of southern Nigeria as anger mounts over the scarcity of cash following the central bank’s controversial decision to scrap old banknotes and to replace them with new ones that are not widely available. Two people are feared dead after the security forces foiled …
Read More »Ghana: Zenith Bank Stops Operations In Securities And Capital Market
The Securities and Exchange Commission (SEC) has told the general and investing public that Zenith Bank Ghana Limited, a licensed Trustee that engaged in Trustee activities in the securities industry and capital market, has voluntarily requested to cease operations. SEC said it has, after a thorough assessment of the circumstances, …
Read More »Don’t Drink Tea, Bread With Eggs And Salad If Your Salary Is Less Than GH¢2,000 – Economist Advises
Economist Dr Evans Nunoo, says it doesn’t make economic sense for someone who earns between GH¢1,000 and GH¢2,000 to be taking tea, bread with eggs and salad. January, the first month of the year, is often observed as a difficult period in relation to personal financial management. The current unstable economic …
Read More »Russia Bans Oil Sales To Countries Using Price Cap
Russia has banned oil sales to countries and companies that comply with a price cap agreed by Western nations earlier this month. The price cap – which was agreed by the G7 group of nations, Australia and the EU – came into force on 5 December. The cap prohibits countries from …
Read More »PURC To Announce Quarterly Tariff Adjustment
The Public Utility Regulatory Commission (PURC) will later his week announce its quarterly tariff adjustment. The review is expected to take effect from January 1, 2023. PURC adjusts tariffs to reflect changes in macroeconomic variables such as inflation and exchange rate. The review to be done by the regulatory authority …
Read More »Liquid From Our Pipeline Was Sludge And Not Diesel – BOST Clears Air
The Bulk Oil Storage and Transportation Company Limited (BOST) has rejected claims that diesel spilt from its pipeline in the Atimpoku area in a village called Maame Water. According to BOST, the substance was sludge from pressure testing of the pipeline which was undergoing repairs. “For a proper assessment of …
Read More »Fifi Kwetey Elected As NDC’s New General Secretary After 17 Years
Former Ketu South Member of Parliament Franklin Fifi Fiavi Kwetey has been elected as the next General Secretary of the National Democratic Congress (NDC). Provisional results received by 3news.com so far put the former Deputy Finance Minister in a commanding lead over contenders Dr Peter Boamah Otokunor, who is a …
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