The Ghana National Chamber of Commerce and Industry has lauded government for its decision to reduce the Communication Service Tax, also known as ‘Talk Tax’ from 9 to five percent. As part of efforts to mitigate the economic impact of Covid-19 on individual consumers and businesses, government announced the reduction in the Mid-year budget to take effect from […]
Reuters poll suggests cocoa prices may drop by 10% due to COVID-19
A Reuters poll of London cocoa futures forecast cocoa would cost 10% less at the end of the year, because of rising production and a hit to demand from the coronavirus crisis. But chocolate bars will not necessarily get cheaper partly because the price of cocoa is only one ingredient in the mix that makes up the retail […]
Jobs and the environment will be protected in sale of Bogoso-Prestea Mine – Golden Star
Golden Star Resources Limited says the agreement with Future Global Resources to trade off 90 percent interest in the Bogoso-Prestea Gold Mine will not affect jobs. The Mine employs about 600 directly and 600 others indirectly. The President and Chief Executive Officer of Golden Star, Andrew Wray, who gave the assurance, says the new owner will not only […]
Coronavirus: Reopening of bars could trigger spike in cases – Virologist warns
Health experts are warning Ghana could see a spike in Covid- 19 cases if measures are not taken to halt the flagrant disregard for social distancing and other protocols especially following the reopening of open-air bars. Over the weekend, it was a free-for-all party at some pubs in Accra. 3news.com’s Komla Adom, who visited Purple Pub in Osu […]
ECOWAS Bank for Investment and Development injects over $300million into Ghana’s economy
ECOWAS Bank for Investment and Development says it has invested over $300-million into Ghana’s economy. Areas of investment, the bank said to include, Energy, Trade, Technology, Tourism and hospitality industry. Dr George Nana Agyekum Donkor, the President of the Bank, made this known when he and other staff of the bank paid a courtesy call on Chief Justice […]
Parliament approves US$200 million for Ghana Jobs and Skills Project
Parliament has approved a US$200 million financing agreement between the Government of Ghana and the International Development Association (IDA) to finance the Ghana Jobs and Skills Project (GJSP). The project, which is being financed with credit from the IDA would be implemented over a six-year period and is expected to close on 30th June, 2026. The terms and conditions […]
Coronavirus: Farmers decry input shortage
Farmers across the country are struggling to access improved seedlings and farm machinery necessary for the production of crops because of the disruption in the supply chain due to the COVID-19 pandemic. Chief Osman Fukuyama, a farmer at Bereku in the Central Region, said farmers in his district and others are “struggling to get access to quality inputs like seeds […]
Free Trade pact could boost Africa’s income by $450bn – Report
The African Continental Free Trade Area (AfCFTA) is a major opportunity for countries to boost growth, reduce poverty, and broaden economic inclusion, a new World Bank report has found. If implemented fully, the trade pact could boost regional income by seven percent or $450 billion, speed up wage growth for women, and lift 30 million people out of […]
Ghanaian Times: Transport operators, passengers fight over fares needless
One of the hallmarks of free-market economic system is fairness. It is for this reason the market is allowed to determine the prices of goods and services. It is on this basis the country’s transport sector is allowed to fix transport fares based on the prevailing economic conditions in the country and they have done this literally over […]
Over 96% of locked-up funds in collapsed banks ‘fully paid’ – Deputy Finance Minister
A Deputy Finance Minister, Charles Adu Boahen, has said a big chunk of depositors locked-up funds during the banking sector clean-up have been settled. He said at least 96% of persons whose monies were locked-up in the collapsed banks and saving and loans companies have received their deposits. Mr Charles Adu Boahen disclosed that 20% of the funds […]
