EIU projects 11% Inflation due to weak cedi

Despite a drop in last month’s inflation, the Economist Intelligence Unit (EIU) is forecasting that the local currency’s weak performance will undo the work done by the central bank to tame inflation. Average consumer prices, which dropped to a six-year…

Second-hand vehicle, auto parts dealers push for review of ‘discriminatory’ up-front duty payment

Used vehicle and auto spare parts importers in Kumasi are calling for a review of the upfront payment of duty, describing it as discriminatory. They say the policy threatens the survival of indigenous businesses to the advantage of their foreign counterparts….

GNPC needs better corporate governance structure – CSOs demand

Civil society organisations in the extractive sector are calling for a review of the corporate governance structure of the Ghana National Petroleum Corporation (GNPC). The advocates are concerned about what they describe as over-politicisation of the state entity. Ghana Oil and Gas…

Don’t Use $3.8m Of GNPC Cash To Settle Maritime Boundary Dispute—PIAC

The Public Interest and Accountability Committee, (PIAC) is asking government to rescind its decision to use $3.8 million of funds from the Ghana National Petroleum Corporation, GNPC for the cost of the litigation on Ghana’s maritime boundary dispute with Cote…

K.K Sarpong, Blay Turf War Will Affect GNPC’s Investment—IES Boss

The Executive Director of the Institute for Energy Security, Paa Kwasi Anamua-Sakyi says the troubles at GNPC could affect investment in Ghana and must be resolved as soon as possible. The Chief Executive, Dr. K.K Sarpong and Board Chair, Freddie…

Ghana hosts African Risk Capacity Joint Board Meeting

The Government of Ghana has signed a Programme of Work (Programme) with the African Risk Capacity (ARC) on the margins of the Joint Board Meeting of the African Risk Capacity Agency, and its financial affiliate, African Risk Capacity Limited which…

MTN Ghana collects 3500 pints of blood as part of CSR

Telecoms giant, MTN Ghana through its flagship programme, the MTN Ghana Foundation, has conducted a national blood donation exercise to collect 3500 pints of blood to stock blood banks across the nation. According to the company, this is part of…

South Africa airline to be split into three – CEO

South Africa’s struggling state-owned airline is to break into three business units as part of a restructuring plan, its Chief Executive Vuyani Jarana said on Monday. Jarani said the firm – which has not made a profit since 2011 and…

MTN introduces ‘Science Set’ to boost science education

Telecommunication giant MTN Ghana, as part of its vision, to help bring and promote innovation introduced students in basic and junior high schools to ‘Science Set’ –  a mini science lab which fits into every school bag, that help students…

Cedi Depreciation Worse Under Mahama

The Vice President, Dr. Mahamudu Bawumia says the depreciation of the Cedi to major foreign currencies was worse under the previous Mahama administration. “In the area of the exchange rate which some people have been talking about recently, I just…