Home / BUSINESS

BUSINESS

79 factories ‘implemented’ so far under 1D1F – Akufo-Addo

President Nana Akufo-Addo has expressed excitement about the progress made by his government so far in the implementation of its much-touted one district, one factory programme. The president, who said the implementation of the programme is on course, revealed that 79 factories have so far been implemented under the programme. …

Read More »

Agric census projects drop in farming population

Preliminary results from the 2018 agriculture census have shown a considerable reduction in the farming population in Ghana. According to the Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto, the last census conducted some 33 years ago showed that within every 4.7 million households there was at least one …

Read More »

1.2 billion cedis NPLs write off to end in December

The Bank of Ghana has shifted its projection of a drop in the Non Performing Loans of banks, by two more months. Governor of the Bank of Ghana, Dr. Ernest Addison says he expects the reflection by the end of year. Some industry watchers are also confident the move should …

Read More »

IES blames power cuts on overdependence on gas

The Institute of Energy Security (IES) wants the government to find pragmatic ways to purchase and store adequate quantities of alternative fuel for the country’s power generation plants. The IES argues that may largely help in stabilizing power generation and supply. The suggestion comes on the back of the recent …

Read More »

NCA fines all telcos GHc34m over poor quality of service

AirtelTigo picked up the heftiest fine of GHC11,635,000 after the National Communications Authority’s (NCA) assessment of Quality of Service compliance of Mobile Network Operators. All other telcos also received sanctions with Glo being fined GHc4,460,000, MTN fined GHc9,080,000 and Vodafone receiving a GHc8,890,000 fine. The fines came up to GHc34,065,000 in …

Read More »

Gov’t yet to decide on ADB, NIB merger – Finance Minister

Despite announcing plans to merge the Agricultural Development Bank (ADB) and the National Investment Bank (NIB), the government has not yet taken a final decision on the move. Minister of Finance, Ken Ofori-Atta said the plan to merge the two banks was to help them meet their capital adequacy ratio. Speaking on …

Read More »