Business Archives - Page 390 of 392

12 Apr

MoFA Pledges To Check Smuggling Of Maize, Soyabean Following Restriction On Grains Exportation

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The Ministry of Food and Agriculture has pledged to intensify its efforts to check the smuggling of maize and other grains to other countries. This follows government’s restriction on the export of maize and soya beans to ensure food security and increase local poultry and livestock production. The General Secretary of the General Agricultural Workers Union, Edward Kareweh, although lauded the new directive, expressed doubt over the government’s ability to successfully monitor all borders to prevent the smuggling of the grains. “If it becomes necessary that you should not let your produce go out through exports for the purported domestic…

12 Apr

Access Bank’s Profits Before Tax Hits Half A Billion Cedis In 2021; Profit After Tax Increases By 33.5%

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Leading local Bank Access Bank Ghana PLC has seen a significant jump in its profits for the year 2021. The bank which recorded a profit before income tax of almost GHC 360 million in 2020, saw that metric jump up to a little over GHC 500 million in 2021, representing a growth of about 41% in the bank’s profit before income tax. While its profit before income tax jumped up by about 41% in 2021 when compared to what was recorded in 2020, its profit after tax also saw a significant increase, rising by about 33.5% from the GHC 240.8…

08 Apr

Tackle Premix Fuel Issues – MP Tells Gov’t

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Member of Parliament to Dadekotopon, Rita Naa Odoley Sowah has attributed the shortage of premix fuel in Ghana to the Landing Beach Committees in fishing communities. She said her constituents, who are mostly fisher folks, have been complaining that they do not know those who constitutes the committee to enable them fall on for help when they need premix. Madam Odoley Sowah said these in an interview with 3FM’s Sunrise on Thursday while commenting on the shortage which has hit the country recently. “There is a lot to be said about premix fuel. That is what they use to go…

08 Apr

Focus Attention On Strengthening The Cedi – Gov’t Told

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Energy Expert and a private legal practitioner Mr Kwame Jantuah has said borrowing by the government should no longer be part of the plan. He said borrowing will only deplete the reserve. Speaking on the New Day show on TV3 Friday April 8 while reacting to the public address by the Vice President Dr Mahamudu Bawumia, he said “we cannot continue to borrow; we can’t continue to deplete our reserve.” “The main issue we have to look at is the Cedi,” he added. Dr Mahamudu Bawumia during the address explained what accounted for the sharp depreciation of the Cedi against the major trading…

08 Apr

BoG To Partner Nat’l Security To Tackle Illegal Foreign Exchange Operations

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The Bank of Ghana (BoG) has served notice that it will continue to tackle illegal foreign exchange operations in the country. The central bank said in a statement that offenders shall be dealt with in accordance with the law. “Bank of Ghana in collaboration with National Security and law enforcement agencies will continue to clamp down on illegal foreign exchange operations. All offenders shall be dealt with in accordance with the law,” the regulator said. The BoG further cautioned against persons who are pricing in dollars in the country. “The general public is hereby notified that the sole legal tender in…

08 Apr

Tamale Airport, Kumasi Airport Phase II, Pokuase Interchange Are Projects From The Loans – Bawumia

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Vice President Dr Mahamudu Bawumia has listed the projects that have been undertaken through the laons that the Akufo-Addo administration has contracted over the years. He said at a forum held by TESCON, students wing of the New Patriotic Party (NPP) on Thursday April 7 that “The projects that we have undertaken from the loans over the years, you will see that we borrowed to build the University of Environment Science and Sustainable Development, that is part of the debt, the Pokuase Interchange is part of the debts, the Tema Mpakadan Railway is part of our debt, the Kumasi Airport Phase 2…

08 Apr

I Understand Economics Than John Mahama- Chairman Wontumi

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The Ashanti Regional Chairman for the New Patriotic Party, Bernard Antwi Boasiako, famously known as Chairman Wontumi has stated that he has critical understanding on running a successful economy than ex-president John Dramani Mahama. According to the most popular Regional Minister, John Mahama has no capability of leading a country like Ghana especially in a time where Covid 19 and Russian-Ukraine war has destroyed the economy. He added that, countries such as London has cancelled all incentives but Ghana is still enjoying several privileges from the government. Chairman Wontumi highlighted on the health insurance, free toll, teacher and nursing training allowance,…

21 Mar

“The Economy Will Rebound Sooner Rather Than Later” – President Akufo-Addo

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The President of the Republic, Nana Addo Dankwa Akufo-Addo, has assured that the policies being implemented by Government, in the wake of the difficulties occasioned by the COVID-19 pandemic, will help the economy rebound faster than anticipated. Acknowledging the difficult times the nation is going through, President Akufo-Addo noted that every country on the face of the planet, is going through challenges brought forth largely by the pandemic of COVID-19. “Ghana is not the only country faced with extraordinary increases in global freight rates, strong inflationary pressures, dramatically rising fuel prices, unprecedented volatility of stock markets, and tighter global financing…

20 Mar

Plastic Waste Is Useful-UPPR General Manager

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The General Manager of UPPR, Mr. Perumalsamy Suresh Kumar has called on Ghanaians to separate their plastic waste at home and forward them to collection or Buy back centres for sale. He said people could make a decent income if they collect broken or used plastics for sale. “UPPR is ready to buy such plastics for processing into waste bins, buckets, chairs and other plastic products.” Mr. Kumar said this when the company organised a one-day tour of the company for journalists in Accra. The tour which came off on Wednesday, March 16, 2022, at its head office at Borteyman…

17 Mar

MESTI, Other Ministries Ready To Work With Waste Companies …In Management Of Plastic Waste

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The Ministries of Sanitation and Water Resources, Fisheries and Aquaculture, Local Government and Education have been urged to sensitise the youth in the management of plastics and waste in general. Making the call during a facility tour of some Zoomlion Ghana Limited’s plastics production plants (PPP) in Accra on Wednesday, March 16, 2022, the Minister of Environment, Science, Technology and Innovation (MESTI), Dr. Kwaku Afriyie, said the central government was aiming for a secular economy. By becoming a secular economy, he noted that Ghana would be able to recycle aluminum cans, e-waste, plastics among others and then also turn them into…