Business

Ghana: T3 Departure Hall now restricted to travellers, official business

Passengers with valid traveling documents, their escorts, and persons intending to do formal airport-related business will now be the only people allowed access to the Terminal 3 of the Kotoka International Airport. After the terminal building was opened for use, the departure hall is always busy with travellers, their escorts and persons who have no official business at the terminal ...

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Illegal Chinese miners having field day – NPP MP

The Member of Parliament for Manso Nkwanta Joseph Albert Quarm has expressed disappointment in the commitment of state agencies in fighting the galamsey menace in the country. According to the legislator, there are still Chinese mining illegally in his constituency despite numerous reports he has personally lodged with the Operation Vanguard Anti-Galamsey force. “I am a member of parliament for ...

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33 Chinese, 72 other foreigners arrested over galamsey in 2019 – Operation Vanguard

The arrest of 8 Chinese suspected illegal small scale miners in the last three weeks has brought to 33 total number of arrests involving Chinese nationals. The anti-illegal mining task force Operation Vanguard revealed that 72 other suspected foreign illegal miners have also been arrested this year, 2019. “Several patrols were conducted within various targeted areas from our Forward Operating ...

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IMF identifies five threats to Ghana’s economy

The International Monetary Fund (IMF) has identified five major threats to Ghana’s ongoing economic recovery, which could significantly slow the accelerating growth rate. The Fund has presented them to government and other stakeholders in the form of a Ghana Risk Assessment Matrix which identifies the nature and sources of the risks, assesses their relative likelihood of their happening and their ...

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Adjust cocoa price downwards – IMF advises government

The International Monetary Fund (IMF) has advised the government to adjust the producer price of cocoa to reflect changes in international cocoa prices. According to the IMF, the downward adjustment had become necessary because the Ghana Cocoa Board (COCOBOD) was grappling with a funding gap of GH¢1 billion due to the government’s inability to reduce producer prices paid to cocoa ...

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Duties cut by half, don’t smuggle anymore – Customs boss warns

The Commissioner of the Customs Division of the Ghana Revenue Authority (GRA), Mr Isaac Crenstil, has cautioned traders and businesspeople against smuggling. Mr Crenstil noted that import duties have been reduced by 50 per cent and, therefore, does not see the need for any businessperson smuggling goods into the country. Speaking on the Executive Breakfast Show (EBS) on Class91.3FM on ...

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Mahama’s regime caused GH¢23m financial loss in bus deal – MASLOC

The Microfinance and Small Loans Centre (MASLOC) has accused former President John Dramani Mahama and his erstwhile National Democratic Congress (NDC) administration of causing financial loss to the state. The former president is said to have chased the state the sum of Gh¢ 23,396,074.48 through the purchase of some buses in 2016. According to MASLOC, the stated loss is the ...

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IMANI goofed; Ghana rather gains in Aker Energy deal – Amewu

Government says Policy Think Tank IMANI goofed when it sought to question portions of the contractual agreement it signed with and Aker Energy. “The contract area has seven discoveries namely pecan north, almond, cob, beech, pecan, paradise and hickory north. The first five are oil discoveries while paradise and hickory north are gas discoveries. “Aker Energy acquired the interest of ...

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IDIF at Wassa Amenfi to start by year-end

Conversion of cassava into industrial starch is expected to commence at New Aboi in the Wassa Amenfi Municipality of the Western Region as a One District One Factory (IDIF) initiative by the end of this year. “Clearing land for construction of the Industrial Starch Factory will start this month, and hopefully by December it will be completed for production to ...

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We didn’t swap Aisha Huang for $2bn loan – Natural Resources Minister

Lands and Natural Resources Minister, Kwaku Asomah-Cheremeh has flatly rejected the assertion that galamsey kingpin, Aisha Huang, was deported in exchange for the two billion dollars Sinohydro loan. He was emphatic on Thursday that the loan arrangement was never tied to the Aisha Huang’s case. “With respect to the 194 foreigners that have been deported, the exact figures dealing with ...

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