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FUEL PRICES TO DROP AGAIN THIS WEEK

Fuel prices keep increasing despite the global decline in price The prices of petroleum products are expected to drop by about 2 percent this week. This is the indication from Citi Business News’ checks with players within the petroleum industry following developments on the global market. This will also be the second time in less than a week that fuel ...

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‘KARMA IS A BITCH’ – ATO FORSON TELLS BAWUMIA AS CEDI DEPRECIATES

2018-06-15 Minority spokesperson, Casseil Ato Forson The New Patriotic Party(NPP) government has offered sympathy to businesses hurting from the cedi’s depreciation but the Minority in Parliament has offered a playback of NPP criticisms in opposition saying it is coming back to haunt it. Deputy Finance Minister, Kweku Kwarteng told Joy FM Friday, the government is working on a long-term strategy ...

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ECONOMICS OF PROVIDING NATURAL GAS INFRASTRUCTURE IN AFRICA: OBSTACLES AND OPPORTUNITIES

Global natural gas demand is expected to increase significantly, surpassing other fossil fuels. Global demand is aided by the economic growth of emerging countries and the concern of air quality, among heavy consumers like China and some extent India. Africa needs this resource to propel rapid industrialization and creates shared prosperity for all. Before Africans can maximize the benefits of ...

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WHY COMMERCIAL BANKS LENDING RATES IN GHANA ARE HIGH

  The biggest concerns of businesses in Ghana are usually lending rates from banks because it is very high and very counterproductive for growing a business or even investing. Lending rates by definition is the rate of interest a person or a business pays a bank or a financial institution for the money borrowed. Ghana’s current lending rate is pegged ...

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DVLA Goes Paperless

The Driver and Vehicle Licensing Authority (DVLA) has gone paperless with the introduction of a new smart card driving license. The new smart cards come with a security embedded chip to curb fake licenses in the system. The chip will contain the driver’s information which will be linked to the new national identification system in a secured manner. At a ...

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Loophole In GWCL Detected 30% Of Customers Don’t Pay Water Bill Whopping GH¢846m In Debt

THE MINISTER for Sanitation and Water Resources, Mr Joseph Kofi Adda, has revealed that the Ghana Water Company Limited (GWCL) is owed a whopping GH¢ 846,449,169.00 by domestic customers and Municipal, Metropolitan and District Assemblies. The Minister said this at the launch of GWCL e-billing and e-payment system in Accra yesterday. He lamented that out of over 600,000 customers, 80% ...

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Finance Ministry Acquires Software To Check Unrealistic Budget Estimates

Finance Minister, Ken Ofori-Atta A software designed to equip district and regional procurement officers and engineers to prepare realistic budget estimates for infrastructural projects has been introduced by the Ministry of Finance and the Public Procurement Authority (PPA). The software is also intended to foster transparency and address variations in the costs of public projects such as roads, buildings, power, ...

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Female Prison Warder Caught Having An Affair With Inmate

Sadly, the prison warder committed suicide following circulation of the image. The center’s officials say the inmate in question is likely to suffer some sanctions after investigations are done. It has emerged that a Losperfontein Correctional Centre employee committed suicide on Monday morning after photos of her being strangely intimate with a prison inmate went viral. According to Correctional Services ...

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