BUSINESS Cut expenditure to tame cedi’s free fall – GN Research to govt 26th June 2018 Kumasi Online Some economists have impressed on the government to cut down on its expenditure for the remainder of the year if it is to sustain gains in stabilizing the cedi against…
BUSINESS TOR shuts down again over crude oil shortage 25th June 2018 Kumasi Online The Tema Oil Refinery (TOR), has shut down again following a shortage of crude oil at the facility. The refinery, which has the capacity to refine about 45,000 barrels of…
BUSINESS Ghana Airways come back in limbo; lizards, rodents take over office complex 25th June 2018 Kumasi Online Government’s dream to revive the defunct Ghana airways by December 2019 is in limbo as most of the prime routes have been offloaded to the South African Airways. The last…
BUSINESS Zylofon cash gives $10,000 to Akwamuman SHS 24th June 2018 Kumasi Online Zylofon Cash on Friday June 22, 2018, gave a cash amount of $10,000 as the company’s contribution to sponsor the Drama and Debating Club of Akwamuman Senior High School (SHS),…
BUSINESS OPEC moves toward raising oil supply as Iran softens stance 22nd June 2018 Kumasi Online OPEC moved closer on Friday toward boosting oil output as its leader Saudi Arabia appeared to have persuaded arch-rival Iran to cooperate after major consumers warned of a supply shortage.…
BUSINESS British Airways Ghana targets efficiency with latest restructuring 21st June 2018 Kumasi Online British Airways has announced new changes in its Ghana operations targeted at making the airline more efficient. As part of this, Kola Olayinka, British Airways’ Regional Commercial Manager, West Africa,…
BUSINESS Ghana loses GH¢8b annually over non-payment of gift tax 21st June 2018 Kumasi Online Ghana is reported to be losing about GH¢8 billion annually due to the non-payment of taxes on gifts received by citizens, including government officials. This is according to a report…
BUSINESS IMF team visits Ghana; rising debt high on agenda 21st June 2018 Kumasi Online The government is confident that the IMF should be satisfied with efforts to reduce the country’s rising debts even as the Fund’s team makes a visit to Ghana. The optimism…
BUSINESS Special Import Levy accrues GHS 610m 20th June 2018 Kumasi Online Government accrued over 610 million cedis from the Special Import Levy in 2017, Deputy Finance Minister, Kwaku Kwarteng has revealed. The figure is up from the previous amount of over…
BUSINESS Speculation causing cedi depreciation–Economist 11th June 2018 Kumasi Online The recent depreciation in the cedi, relative to the U.S dollar could be due to speculative activities, Head of Economics Department at the University of Ghana, Prof. Peter Quartey has…
