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Tag Archives: Ghana Business News

MTN shares soar despite incomplete investors’ data


It has emerged that MTN is yet to complete the reconciliation of information of some investors who bought into the company’s shares almost two months after the company listed on the Ghana Stock Exchange. As a result, managers of the stock market are anticipating increased trading activities on the exchange after the processes are completed. The Managing Director of the ...

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President appoints Jerry Ahmed Shaib as new CEO for Coastal Development Authority

Jerry Ahmed Shaib - CEO, Coastal Development

President Akufo Addo has appointed Mr.  Jerry Ahmed Shaib as the CEO of the Coastal Development Authority in pursuant to Section 3(1) of the Coastal Development Authority Act, 2017 (Act 961). His appointment will however require confirmation from the governing Board of the Authority in consultation with the Public Services Commission. This appointment follows the resignation of former CEO, Samuel ...

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Pensions, wages, top TUC’s expectations in 2019 budget

Dr Yaw Baah - Secretary General, TUC

The Ghana Trades Union Congress (TUC) is asking the government to publish the outcome of investigations into the review of the operations of SSNIT as soon as possible. Organised labour believes that this should inform further deliberations on how to improve the Trust to ensure the welfare of employees. The comments were contained in the TUC’s proposals to the Ministry ...

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Group bemoans low women participation in mining sector

WhatsApp Image 2018-10-17 at 5.22.18 PM

As part of measures to rope in more women into the mining sector, government has outlined certain strategies to help achieve this feat. The women in the mining sector have complained of how often they are sidelined in terms of their participation in the mining industry. But at a workshop organized by women in mining Ghana, government says it has ...

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Minister urges Ghana-China talks on access to Yuan in Ghana


A Deputy Foreign Affairs Minister, Charles Wiredu has waded into debate on the use of Chinese Yuan by Ghanaian traders, asking the government to consider discussions on the issue. He says the move should facilitate easy trade and investment between the two countries. Many business associations have made an appeal to the government to enable them direct access to the ...

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Producers’ inflation drops to 5.6 % in September 2018

Baah Wadieh is Acting Government Statistician

The Producer Price Inflation (PPI) for September 2018, reached 5.6%. This is down from the 7.0% recorded in August 2018. The PPI measures the average change over time in the prices received by domestic producers for the production of their goods and services. Speaking to Citi Business News on the change, the Acting Government Statistician, Baah Wadieh explained that the ...

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GDP reaches 5.4% in 2018 second quarter


Provisional figures released by the Ghana Statistical Service show that Ghana’s Gross Domestic Product which is the total value of all goods and services produced within the second quarter of this year, grew by 5.4 percent. This compares with the 11.1 percent recorded for same period last year. For the second quarter of this year, which is between April and ...

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Telcos increase tariffs over new NHIL, GETFund levies


Consumers are to pay more for telecom services starting November 1, 2018. It follows  a decision by telecommunication companies, AirtelTigo, MTN and Vodafone to adjust their tariffs. The review of the tariffs was announced in a statement issued by the Ghana Chamber of Telecommunications. The Chamber says the upward adjustment of charges follows the implementation of some new tax by ...

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Regulator clamps down on illegal courier, postal services

WhatsApp Image 2018-10-16 at 20.29.22

The growth in e-commerce on the international and domestic front is creating challenges as well as opportunities for many companies and individuals. For Ghana it’s been 12 years since a regulatory body was established to oversee activities for postal and courier services. However the industry lacks strong regulation which has led to the proliferation of unlicensed operators. Stakeholders in the ...

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‘Pull breaks on CTN, engage us more’ – GNCCI to GRA

Nana Dr. Appiagyei Dankawoso I, President GNCCI

The Ghana National Chamber of Commerce and Industry (GNCCI) is alarmed at the apparent defiance by the Ghana Revenue Authority (GRA) to go ahead with the Cargo Tracking Notes policy despite the call to engage stakeholders further. The GNCCI is the latest business group to have urged the GRA to pull the breaks on the CTN policy insisting that the ...

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