The production lines at Ghana Textiles Printing Company Limited (GTP) in Tema have ground to a near-halt, forcing over 600 employees into an indefinite leave. The crisis is driven by a critical shortage of Residual Fuel Oil (RFO), the primary fuel used to power the factory’s boilers and machinery. Production capacity at the facility has […]
New data from the Ghana Chamber of Telecommunications reveals a dramatic 98% decline in SIM card re-registrations following the government’s decision to extend the deadline. While a peak of 235,460 daily registrations was recorded just before the initial July 31, 2022, deadline, that number plummeted to a mere 5,861 by August 19, 2022. The statistics […]
The National Petroleum Authority (NPA) in the Volta Region has intercepted a significant quantity of unwholesome petroleum products believed to have been smuggled into Ghana from Togo. The operation, led by Regional Director Rasheed Dauda, targeted illegal hubs in Dzodze, Penyi, Wudoaba, and Aflao within the Ketu North and South Municipalities. Backed by military protection, […]
Ghana has emerged as a major player in the global coconut industry, with exports of Desiccated Coconut surging by 249% in 2021. According to the Ghana Export Promotion Centre (GEPA), export values skyrocketed to $21.985 million, up from just $6.3 million the previous year. This rapid growth has propelled Ghana to the position of the […]
The woman who led the Me nsa aka ooo TV commercial 13 years ago to promote MTN’s Mobile Money (MoMo) has been gifted a two-bedroom house. The woman, Rita Nhyiraba Tetteh, was the lead character in the first MTN Mobile Money television and radio commercial. In the commercial, she gave a testimony on how she instantly received the money […]
Ghana has successfully renegotiated its Power Purchase Agreements (PPAs) with six major Independent Power Producers (IPPs), including Karpower, Cenpower, Early Power, Twin City Energy, AKSA Energy, and Cenit. This milestone, announced during the Mid-year Budget Review, is projected to save the country approximately $13.2 billion over the lifespan of these contracts. The savings are achieved […]
The Ghanaian government is targeting a revenue boost of GH¢750 million following the parliamentary approval of the Value Added Tax (VAT) Amendment Bill. This legislation introduces the E-VAT policy, which modernizes the tax framework by incorporating electronic commerce and mandating the electronic issuance of tax invoices. Key provisions of the reviewed law include requirements for […]
The Mayor of Accra, Elizabeth Kwatsoe Tawiah Sackey, has officially commissioned a newly refurbished market shed at the 31st December Makola Market. This project, which underwent a two-year rehabilitation process after falling into a state of disrepair, is designed to accommodate 665 traders. The primary goal of the renovation is to mitigate the severe congestion […]