Business

Boycott traders using ‘Olonka’ and other primitive measuring, weighing tools – GSA

The Ghana Standards Authority (GSA), has charged the public to desist from buying food commodities from traders who are stacked with old systems of measurement and weighing – ‘Olonka’. According to the Director of Public Relations at the GSA, Dr Kofi Amponsah-Bediako, every trader is supposed to use calibrated devices to measure or weigh items for buyers in other to ...

Read More »

Ghana imports 50,000 tonnes of palm oil

Ghana currently imports about 50,000 metric tonnes of palm oil annually. The country also spends between $600 and $800 to import a tonne of the commodity. This means that the country spends between $30 million and $40 million to import palm oil each year, depending on the price on the world market. Palm oil is used primarily in food products: ...

Read More »

Kejetia Market: Cheapest stall GHS7.8K; most expensive GHS41K

The Kumasi Metropolitan Assembly (KMA) has urged the general public to disregard what it describes as the “falsehood” being propagated by some communicators of the National Democratic Congress (NDC) to the effect that stalls at the newly-constructed Kejetia Market are being allocated to only loyalists and supporters of the governing New Patriotic Party (NPP) through its Ashanti Regional Chairman, Mr ...

Read More »

$1 million per constituency project will develop deprived communities – Bawumia

Vice President Dr. Mahamudu Bawumia has expounded what the real effects of President Akufo-Addo’s flagship one million dollars per constituency policy are. At a special breakfast meeting with Caribbean and African heads of mission in Havana, Cuba on Friday, 19th July 2019, Vice President Bawumia highlighted progress made by government to develop Ghana to the admiration of the diplomatic Corp. ...

Read More »

Two dams completed in Sissala West District under 1V1D

Mr Mohammed Zackaria Bakor, the Sissala West District Chief Executive (DCE), has said two out of the ten dams under the One-Village-One-Dam (1V1D) programme have been completed. He said out of the remaining eight dams, four were at an advanced stage of completion, two of them were 50 per cent complete while work on the remaining two is yet to ...

Read More »

Mid-Year review to raise more revenues to complete government’s agenda

The mid-year budget review which will be delivered by Mr Ken Ofori-Atta, the Finance Minister, on July 29, will among others focus on augmenting government revenues to fund the outstanding coordinated programmes of social and economic policies. Mr Kojo Oppong Nkrumah, the Information Minister, who announced this a media briefing in Accra on Sunday, said the 1992 Constitution requires every ...

Read More »

Three billion cedis road infrastructure projects to start nationwide

Government has announced plans to start road infrastructural development in the second half of the year, amounting to three billion cedis. The road projects are expected to see a major boost nationwide upon the resumption of the cocoa roads projects. It will be recalled that cocoa road projects were discontinued for audit and re-scoping and proper alignment of funds to ...

Read More »

Mid-Year review to raise more revenues to complete government’s agenda

The mid-year budget review which will be delivered by Mr Ken Ofori-Atta, the Finance Minister, on July 29, will among others focus on augmenting government revenues to fund the outstanding coordinated programmes of social and economic policies. Mr Kojo Oppong Nkrumah, the Information Minister, who announced this a media briefing in Accra on Sunday, said the 1992 Constitution requires every ...

Read More »

$1m per Constituency initiative to begin as MoF grants letters of commencement

The Ministry of Finance (MoF) has granted letters of commencement to the three development authorities to commence the full implementation of the $1-million per Constituency pledge under the Infrastructure for Poverty Eradication Programme (IPEP) for the 2020 fiscal year. The commencement certificate makes available GH¢1.66 billion (equivalent of $320 million) for the 275 constituencies across the country. This covers $275 ...

Read More »

Government will overspend its budget in 2020 – EIU predicts

The Economist Intelligence Unit (EIU) has predicted that the government may overspend its budget in 2020. According to the EIU government may struggle to lower its expenditure in the run-up to the 2020 general elections. The London-based business advisory firm expects the government to record a 5.5 percent budget deficit come next year even though they have passed the Fiscal ...

Read More »