Business

The Social Security and National Insurance Trust (SSNIT) has announced the termination of sales of four hotels following public protests and strikes. SSNIT in a press release titled: Discontinuation of Sale of 60% stake in hotels said  “The Board and Management of Social Security and National Insurance Trust (SSNIT) wish …

In order to meet the economic hardship in providing good services, the Kumasi Sanitation Awareness Association in the Ashanti Region has announced that charges for public toilets and urinal facilities in the Kumasi metropolis have been increased by 25 percent. According to them, the increse of charges have become neccesary …

The news about ECOWAS single currency ECO has met with several reactions on social media. Central Bank Governors from the 15 Economic Community of West African States have initiated plans to launch ECO aimed at enhancing economic growth and development throughout the West African sub-region. Reacting to this, some people …

Minister of Finance, Dr. Mohammed Amin Adam has slammed the Ranking Member on Parliament’s Finance Committee and Member of Parliament for Bolgatanga Central Constituency in the Upper East Region, Hon. Isaac Adongo for inciting people to go and buy dollars to run their businesses. He said Isaac Adongo’s comment is …

The Executive Board of the International Monetary Fund (IMF) has approved Ghana’s second review of Ghana’s US$3 billion Extended Credit Facility (ECF) Arrangement. Announcing this in a press briefing, the Minister of Finance, Dr. Mohammed Amin Adams said the country is expecting the third tranche of $360 million by Monday, …

The Department of Research and Innovation at the University of Ghana, Legon, has partnered with tomato farmers in Tuobodom, the capital of the Techiman North District in the Bono East region to establish a tomato processing factory in Tuobodom. The state-of-the-art tomato factory, when completed, will go a long way …

Ghanaian-American theologian based in the United States of America, ArchBishop Kofi Adonteng Boateng believes foreign aid can not help develop Ghana. According to him, neither International Monetary Fund (IMF) or America can help Ghana to develop. Speaking to Zionfelix Monitored by Elvisanokyenews.com, the founder of the Divine Word International Ministries indicated …

The Director of Communications of the ruling New Patriotic Party (NPP) Richard Ahiagbah has commended the Economic Management Team for the growth in the country’s Gross Domestic Product (GDP). He said the 4.7 per cent year-on-year recorded in the first quarter 2024 compared to the 3.8 per cent recorded in …

The World Bank has approved a $250 million credit from the Internationa Developmet Association (IDA) and an additional $10 million grant from the Energy Sector Management Assistance Programme to support Energy Sector Recovery Programme for Results (PforR) aimed at  improving the financial viability of electricity distribution and increase access to …

The Ghana Grid Company Limited, (GRIDCo) and the Electricity Company of Ghana, (ECG) have announced interruption in power supply popularly known as ‘dumsor’ for three weeks in the country. The interruption in power supply is as a result of maintenance works being undertaken by a gas supplier in Nigeria and …