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Compensate small-scale miners over $551m loss – Dr Graham

REGISTERED SMALL-SCALE Miners in the country have stated that collectively, they have lost some $551 million as a result of the ban on small-scale mining activities. The Ghana National Association of Small-Scale Miners (GNASSM) says the figure is bound to go up if measures are not taken to lift the …

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PPI increases to 8.9% in December 2017

THE PRODUCER Price Index (PPI) that measures the average change over time in the prices received by domestic producers for the production of their goods and services for December 2017 recorded 8.9%. The rate represents a 1.8 percentage point increase in producer inflation relative to the rate of 7.1% recorded …

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Unproductive government workers to go home – FWSG

THE FAIR Wages and SalariesCommission has given notice it will soon start a government sector job rationalization as part of the ‘Linking Pay to Productivity’ exercise. The aggressive program by the government is not only to attract the best brains into the public sector but also remunerate workers properly. The …

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We will be fair and transparent with employees – AirtelTigo CEO

Ms Roshi Motman, Chief Executive Officer of the telecom company, AirtelTigo, says the mobile operator is committed to providing an inclusive working environment in which everyone is treated fairly. “We have great talents in both Airtel and Tigo, and their passion, commitment, and expertise have made the company what it …

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Policy rate maintained to 20%

BY ROSEMOND BOATENG ADDAI Rosemond.adjetey@yahoo.com THE BANK of Ghana (BoG) has stated that to ensure the inflation target horizon is maintained and the medium term inflation target 2% is achieved this year, the monetary policy rate of 20% has been left unchanged. Dr Ernest Addison, Governor of BoG, briefing the …

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GRA targets GH¢39.8 billion in 2018

BY BENJAMIN TANDOH THE GHANA Revenue Authority (GRA) has targeted GH¢39.8 billion as total tax revenue to be collected this year. The target, the authority explained, indicates a 23.26% growth over the 2017 collection figure. Addressing the press in Accra, the Mr Emmanuel Kofi Nti, Commissioner General, GRA, said the …

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BoG raises red flags over use of Bitcoin in Ghana

BY ROSEMOND BOATENG ADDAI Rosemond.adjetey@yahoo.com THE BANK of Ghana (BoG) has cautioned the public to do business with only institutions licensed by the bank to ensure that such transactions fall under its regulatory preview. In a statement copied to the DAILY HERITAGE signed by Mrs Caroline Otoo, Secretary of the BoG, …

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Support Ghana with your expertise – Akufo-Addo .Urges Exxon Mobil Chiefs

BY WILBERFORCE ASARE PRESIDENT NANA Akufo-Addo has urged officials of Exxon Mobil, the latest international oil company to invest in Ghana, to bring their expertise and best practices to bear on the country’s energy sector  to help develop it. Speaking at a brief meeting between executives of Exxon Mobil and …

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Silicon Valley to compete with tech companies

BY ERICA ARTHUR DR THOMAS Owusu Mensah, a Ghanaian-American fibre optics inventor, has said the Silicon Valley of Ghana will create business accelerators and incubators that could compete with tech-companies around the world. According to Dr Mensah, who is spearheading the Silicon Valley of Ghana, the project will move Ghana …

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Petroleum prices to go up between 3 and 5 per cent

The Institute for Energy Security (IES) is predicting an increase in petroleum prices in the next pricing window. The increase is expected to be between three and five per cent. The IES, in a press release, said indicators recorded in the first pricing window pointed to a negative impact on …

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