ECG ‘short-changed energy sector’ leading to Cash Waterfall Mechanism’s collapse – Ex-PURC Board member
A former board member of the Public Utilities and Regulatory Commission (PURC), Dr Nii Darko Asante, has placed the blame for the failure of the Cash Waterfall Mechanism (CWM) squarely on the... read more
New electricity and water tariffs to take effect today
Starting today, October 1, Ghanaians will see an increase in electricity and water tariffs. The Public Utilities Regulatory Commission (PURC) announced on Saturday, September 28, a 3.02% rise in... read more
Price hikes for bottled water, beverages predicted following tariff increases
Mr. Samuel Aggrey, General Secretary of the Food and Beverages Association of Ghana, has forecasted a rise in prices for bottled water and beverages following the recent tariff increases announced by... read more
$800m gas deal risky for Ghana’s future – Mahama warns Akufo-Addo
NDC flagbearer John Dramani Mahama issued a stern warning to President Akufo-Addo regarding an $800 million gas processing contract. Mahama expressed concerns that signing the deal could lead to... read more
Microsoft re-launches ‘privacy nightmare’ AI screenshot tool
Microsoft says it has “listened to feedback” following a privacy row over a new tool which takes regular screenshots of users’ activity. It was labelled a potential “privacy nightmare” by... read more
Load shedding is back – Minority claims citing 500MW deficit
The Minority in Parliament has raised concerns over renewed load shedding, citing a power shortage of more than 500 megawatts as of Tuesday, September 25. Recently, the ECG put out several notices of... read more
LPG shortage hits parts of the country; TOR assures situation is being addressed
Parts of the country have been hit by shortage of supply of Liquified Petroleum Gas (LPG). Joy Business observed long queues at some LPG stations in the Greater Accra region on Thursday September 26,... read more
Inclusive insurance not the same as basic insurance – NIC clarifies
The National Insurance Commission (NIC) has clarified that inclusive insurance, also known as micro-insurance, is distinct from basic insurance. According to the NIC, micro-insurance provides... read more
Ghana’s domestic debt balloons to GH₵290.9 billion
Ghana’s domestic debt has risen to GH₵290.9 billion. This accounts for 28.5% of GDP. Also, the country’s external debt reached US$31.6 billion, up from US$30 billion in July 2023. This... read more
Electricity tariff goes up by 3.02%, 1.86% for water
The Public Utilities Regulatory Commission (PURC) of Ghana has announced new increases in electricity and water tariffs by 3.02% and 1.86% respectively effective October 1, 2024. This is part of the... read more
New Ghana Gold Coin not ultimate solution to Dollar hoarding – Prof Bokpin
Economist, Professor Godfred Bokpin, has weighed in on the recent Ghana Gold Coin by the Bank of Ghana (BoG), describing it as a positive intervention but not a complete solution to the country’s... read more