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Producer price inflation for August hits 10.2

Producer price inflation for August hits 10.2

The Producer Price Inflation (PPI) rate for August 2019 has reached double digits of 10.2 percent. This rate indicates that between August 2018 and August 2019 (year-on-year), the PPI increased by 10.2 percent,  representing a 1.4 percentage point increase in producer

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Gov’t ‘fights’ Auditor-General finding of ‘$1m payment for no work done’

Gov’t ‘fights’ Auditor-General finding of ‘$1m payment for no work done’

The Finance Ministry will later this week serve notice to the Auditor General, that it intends to challenge an audit finding to the effect that payment of $1 million to Kroll and Associate was effected without evidence of work. The said finding was published in

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Public transport fares remain unchanged in Kumasi

Public transport fares remain unchanged in Kumasi

Transport fares for most parts of the Kumasi Metropolis, have largely remained unchanged despite the 10 percent rise in public commercial transport fares announced by the Ghana Road Transport Coordinating Council. This was confirmed by ground checks made by a

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Bank of Ghana sacks staff for accepting over GHC400k bribe in Sibton deal

Bank of Ghana sacks staff for accepting over GHC400k bribe in Sibton deal

The Bank of Ghana has dismissed a staff Gilbert Addy for what it says is gross misconduct in relation to corrupt transactions and for accepting bribes in connection with the award of a contract to Sibton Switch Systems Limited in

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BoG pegs minimum capital for Mobile Money companies at GH¢20m

BoG pegs minimum capital for Mobile Money companies at GH¢20m

The Bank of Ghana has pegged the minimum capital required for operating a mobile money company at GH¢20 million. The latest directive comes on the back of the recently passed Payment Systems and Services Act, 2019 (Act 987) which provides

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Transport fares to go up by 10%

Transport fares to go up by 10%

The Ghana Private Road Transport Union (GPRTU) says effective September 16, public transport fares will go up by 10 per cent.  Explaining the basis for the increment, the Union said the various components that go into the running of commercial

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AfDB wins prestigious procurement silver award

AfDB wins prestigious procurement silver award

The African Development Bank (AfDB) Group has been recognised for procurement excellence by the Chartered Institute of Procurement & Supply (CIPS), the world’s largest professional body for procurement and supply management professionals, with offices all over the world including Africa. The

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Cocoa price: Rainy days ahead – Cocobod CEO to farmers

Cocoa price: Rainy days ahead – Cocobod CEO to farmers

The Ghana Cocoa Board (COCOBOD) has given hints that the country’s cocoa farmers would soon have something to smile about in the coming days as far as the pricing of cocoa beans for the 2020/2021 season is concerned. According to

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Probe Domelevo’s ‘stinking’ GHS6m Audit Service Toyota cars or we ‘fight’ you – AFAG to AG

Probe Domelevo’s ‘stinking’ GHS6m Audit Service Toyota cars or we ‘fight’ you – AFAG to AG

The Auditor-General, Mr Daniel Domelevo, has been accused of procurement breaches in the purchase of some Toyota vehicles for the Audit Service. Pressure group Alliance for Accountable Governance (AFAG) said on Thursday, 5 September 2019 that it has sufficient evidence

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You can’t deposit or withdraw money without these three items – Bank of Ghana warns

You can’t deposit or withdraw money without these three items – Bank of Ghana warns

The Bank of Ghana (BoG) has directed banks and other specialised deposit-taking institutions to ensure that people who deposit money into and/or withdraw same from accounts that are not theirs provide their “full personal details” to the transacting institution. In

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