BUSINESS

The Ghana Federation of Labour (GFL) has recommended a 50 per cent haircut on the salaries and emoluments of Article 71 Office Holders as part of the Debt Restructuring Programme and to reduce the pressure on the public purse. These include the President and Vice, the Speaker of Parliament, Chief …

The underlying health conditions of the elderly in all spheres of life got complicated by the global outbreak of the Coronavirus (COVID-19) disease. Appreciating that the elderly deserved maximum healthcare and reassurance, Ghana Government has activated a national program known as the ‘Free Elderly Care Policy.’ This instant healthcare policy, …

Some officials of some notable shopping centres in the Greater Accra region have been grabbed by officers of the Ghana Revenue Authority (GRA) for issuing fake Value Added Tax (VAT) invoices. The shops include China Mall, Sneda Shopping Centre, Palace Mall and Second Cup Coffee all on the Spintex Road, …

Ghana is poised to extend its steepest-ever phase of interest-rate hikes on Monday to put a lid on lofty inflation and shore up its currency. Most economists surveyed by Bloomberg predict the monetary policy committee will lift the key rate by 200 basis points, one forecasts an increase of 250 …

Management of Telecel group has assured the staff of Vodafone of no layoffs as it takes over the company. This follows the National Communications Authority’s approval for the transfer of the 70 per cent majority shares in Ghana Telecommunications Company Limited (Vodafone Ghana) held by Vodafone International Holdings B.V. to …

The Institute for Energy Security (IES) is predicting between 7% and 13% jump in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG), from February 1, 2023, for the next two weeks. This means petrol will sell at about ¢15 per litre, whilst diesel will go for over ¢17 …

The Ghana cedi depreciated by a substantial 19.1% to the US dollar in the first month of 2023. According to the Bank of Ghana’s January 2023 Summary of Economic and Financial Data, the cedi sold at ¢10.60 to one US dollar in January 2023 on the interbank market, compared with …

The Accra Metropolitan Assembly (AMA) has said it will in March this year introduce a new digitised revenue collection system to rake in more revenue for the assembly. Already, about 23 banks have been integrated into the new revenue collection platform to give users the flexibility of payment options. Apart …

Four Teacher Unions are accusing government of defaulting in the payment of contributions to the Ghana Education Service (GES) Occupational Pension Scheme (Tier 2). The unions include the Ghana National Association of Teachers (GNAT), the National Association of Graduate Teachers, the Coalition of Concerned Teachers and the Teachers’ and Educational …

The Individual Bondholders Forum (IBF) has proposed some fiscal measures it say can help government save ¢83.5 billion, insisting the Ministry of Finance must not touch their funds. According to the group, government can save ¢20 billion from privatizing selected State Owned Enterprises to Tier-2 pension funds to drive efficiency …