Business Archives - Page 5 of 383

04 Feb

China Retaliates With Tariffs On US Goods After Trump’s Move

CUD Wontumi0 CommentsBusinessChina, President Trump, tariffs

China will impose tariffs of 15 percent on imports of coal and liquefied natural gas from the United States, in retaliation for Washington’s 10 percent levies on Chinese goods. China’s Ministry of Finance also announced on Tuesday that there will be 10 percent tariffs on imports from the US of crude oil, agricultural machinery, large-displacement vehicles and pick-up trucks. The new measures were in response to the “unilateral tariff hike” by the US, it said, adding that Washington’s decision “seriously violates World Trade Organization rules, does nothing to resolve its own problems, and disrupts normal economic and trade cooperation between…

03 Feb

DVLA Rolls Out 2025 DV Plates With Advanced Security Features

CUD Wontumi0 CommentsBusinessDVLA

The Driver and Vehicle Licensing Authority (DVLA) has unveiled the 2025 DV plates, incorporating significant security enhancements. The new DV plates feature advanced security measures as part of the DVLA’s efforts to curb fraud and ensure authenticity. Acting Chief Executive of the DVLA, Julius Neequaye Kotey, described the changes as a major upgrade in vehicle registration. "We are excited to introduce the 2025 DV plate, which marks a significant improvement in vehicle registration and licensing in Ghana," he said, as quoted by 3news. "The new plate demonstrates the Authority’s commitment to leveraging technology to enhance security and convenience for its…

03 Feb

Renegotiating Lithium Deal Could Hurt Investor Confidence – Expert

CUD Wontumi0 CommentsBusinessLithium deal

A natural resource governance expert has cautioned that any attempt to renegotiate Ghana’s lithium agreement or replace Barari DV Ghana Limited, a subsidiary of Atlantic Lithium, could undermine investor confidence and deter future investments. More than two years after the country signed its first lithium deal with Barari DV Ghana Limited, the agreement remains unratified by Parliament. But with a new government in place, concerns have emerged over whether there will be a revision or a shift to a new investor, a move that Africa Senior Programme Officer of the Natural Resource Governance Institute, Denis Gyeyir, believes could create uncertainty in…

03 Feb

Trump’s Trade Tariffs: How Countries Are Fighting Back

CUD Wontumi0 CommentsBusinessPresident Trump, tariffs

It was not a bluff, the tariffs are here - and this is just the opening salvo from the Oval Office. The world trading system has not been here before. A slide towards a wider trade conflict is very much on the cards, as President Trump prepares similar tariffs firstly against Europe, and then at a lower level universally. But what matters as much as the actions the US takes, is how the rest of the world responds. That, in turn, requires a judgement about what the president is actually trying to achieve. Trump regularly changes his rationale for tariffs…

03 Feb

Afenyo-Markin Reveals How He Built His Fortune With US$15 Million In Bank Loans, Others

CUD Wontumi0 CommentsBusinessAfenyo Markin, Loan

The Minority Leader of Parliament, Alexander Afenyo-Markin, has disclosed that all his wealth was acquired through his business ventures before he entered politics. According to him, most of his assets, including properties, were obtained many years ago; therefore, he sees no reason why Operation Recover All Loot, President John Dramani Mahama's investigative team to recover state assets, should be pursuing his properties. In an interview on Joy News on February 2, 2025, Afenyo-Markin revealed that he had to leave school to pursue financial opportunities, which enabled him to establish his businesses and accumulate significant wealth. He disclosed some of the properties…

02 Feb

China, Canada And Mexico Vow Swift Response To Trump Tariffs

CUD Wontumi0 CommentsBusinessCanada, China, mexico, tariffs

Canada, Mexico and China have vowed to respond to sweeping new tariffs to their exports to the US announced by President Donald Trump. Trump said a levy of 25% on Canadian and Mexican imports as well as an additional 10% tax on Chinese goods would come into force on Tuesday. Canadian energy faces a lower 10% tariff. The US president said the move was in response to his concerns about illegal immigration and drug trafficking - two of the main promises on which he was elected. In response, both Canada and Mexico said they were preparing similar tariffs on US…

02 Feb

Canada To Slap 25% Tariff On $155 Billion Of U.S. Goods After Trump Initiates Trade War

CUD Wontumi0 CommentsBusinessCanada, President Trump, tariff

In retaliation for U.S. President Donald Trump’s tariffs, Canada is slapping 25 per cent tariffs on $155 billion worth of American goods. Prime Minister Justin Trudeau’s reciprocal response comes as he and Trump have yet to even speak about the exchange of massive trade action, he revealed in a lengthy press conference Saturday evening. Canada’s countermeasures will include immediate tariffs on $30 billion worth of goods as of Tuesday, followed by further tariffs on $125 billion worth of American products in 21 days time, to allow Canadian companies and supply chains to find alternatives. Trudeau announced the federal government’s phased…

31 Jan

Destroyed Tables And Microphones, Scattered Chairs: See Aftermath Photos Of Fight In Parliament

CUD Wontumi0 CommentsBusinessvetting committee chaos

The chaotic scenes that unfolded in Parliament between the Majority and Minority sides of the Appointments Committee have left behind considerable damage. Several microphones used by the committee to address the floor were damaged during the altercation. Photos circulating on social media show tables scattered with plastic cups, used tissues, and cables connected to the damaged microphones. Chaos erupted during the vetting of Minister of Health-designate, Kwabena Mintah Akandoh. According to Frank Annoh-Dompreh, the Member of Parliament of Nsawam Adoagyiri who doubles as Minority Chief Whip, the Appointments Committee agreed to vet four nominees on January 30, 2025. However, five were vetted, and two…

31 Jan

WAPCo Prepares For Offshore Pipeline Cleaning, Inspection From February 5

CUD Wontumi0 CommentsBusinessWAPCO

The West African Gas Pipeline Company Limited (WAPCo) has announced plans to commence mandatory cleaning and inspection of its offshore pipeline from February 5 to March 2, 2025, in compliance with regulatory requirements. The company has begun installing the necessary equipment, including an effluent management system for the project. The activity, known as pipeline inspection gauge (PIG), involves cleaning pipelines to remove debris, dirt and liquids as well as inspecting the pipeline’s internal walls. The exercise also includes replacing subsea valves as well as conducting ancillary work while gas transportation services are temporarily suspended. This exercise, which is done every…

31 Jan

Less Than 1% Of Poorest Households Use Clean Fuels – GSS

CUD Wontumi0 CommentsBusinessClean Fuels

Data from the Ghana Demographic and Health Surveys has shown that the use of clean fuels for cooking by households in the poorest wealth marginally changed from 0 to 0.5 percent over a 19-year period, according to the Ghana Statistical Services (GSS). While the percentage in these households records a slight increase, the percentage of the country’s population using clean fuels for cooking has about tripled over the past two decades – from 7.3 percent in 2003 to 22.5 percent in 2022. Clean fuels and technologies for cooking include stoves and cookers using electricity, LPG, natural gas, biogas, solar, alcohol…