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Cement prices increased due to Cedi depreciation

Source: Kasapafmonline.com Cement manufacturing company in Ghana, GHACEM, has announced an increase in the prices of its products. According to the company, the new prices will take effect from Wednesday, 11 December 2019. Commercial Director for GHACEM, Nana Phillip Archer, in a statement, said the increment is due to, among other things, the depreciation of the Cedi against major trading ...

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Be careful, Ghana may turn chaotic with your actions – Akufo-Addo warns GUTA

President of the Republic, Nana Addo Dankwa Akufo-Addo, has warned members of the Ghana Union Traders Association (GUTA) to be circumspect in their actions towards Nigerian retailers who have flooded the Ghanaian trade sector. Addressing the simmering tension between Ghana-Nigeria relations in the country at Makola Market on Tuesday, December 3, 2019 as part of his Greater Accra Regional tour, ...

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The Auditor-General, Mr Daniel Domelevo has said his outfit will surcharge guilty officials of the Ghana Revenue Authority (GRA)

The Auditor-General, Mr Daniel Domelevo has said his outfit will surcharge guilty officials of the Ghana Revenue Authority (GRA) who have granted tax exemptions and waivers to companies without Parliamentary approval. Addressing the media at a symposium on the 2018 Auditor General’s report in Accra, Mr Domelevo said, “No explanation whatsoever, will be accepted from the GRA as to why ...

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What you need to know about new GH¢100, GH¢200 banknotes, GH¢2 coin

The Bank of Ghana on Friday November 29, 2019, introduced two new high denominations. They are the GH¢ 100 and GH¢ 200 Banknotes. The Central Bank also introduced a new GH¢ 2 coin. Why The New Notes? According to the Central Bank, high levels of inflation currency depreciation in the past have eroded some of the gains from redenomination. It ...

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Banking sector cleanup was poorly planned – IFS

  A Senior Research Analyst with the Institute of Fiscal Studies (IFS) Dr Saeed Boakye says the banking sector cleanup by the government was poorly planned. According to him, the process was not carefully thought through hence the seeming tension in the industry and government’s inability to refund customers monies. “I have issues with the whole financial sector bailout. To ...

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Ghana signs deal to buy six aircrafts for new national airline

Government on Tuesday signed a deal with De Havilland Aircraft of Canada at the on-going Dubai Air Show to buy six Dash8-400 aircraft to start its national airline. The plan to reestablish a national flag carrier has been in the works for some time now. The newly signed by the Aviation Minister Joseph Kofi Addah is expected to further the ...

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BoG boss ‘secretly’ releasing collapsed financial institutions’ cash – Adongo exposes Addison

Isaac Adongo, Member of Parliament (MP) for Bolgatanga Central Constituency has alleged that Bank of Ghana (BoG) Governor is encouraging the backdoor payment of monies to some customers of collapsed financial institutions by the receiver. Millions of Ghanaians have had their monies locked up with Banks and Savings and Loans companies that have since seized operations following a decision by ...

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5 Ghanaian factories that could have transformed the economy

In a bid to make Ghana attain a middle-income status, Ghana’s First President, Osagyefo Dr. Kwame Nkrumah, initiated a number of factories to boost manufacturing and export avenues but have since today been left to rot in many parts of the country. GhanaWeb takes a look at some of the potential factories that could have boosted the Ghana’s economic status ...

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