BUSINESS 

Inflation for August hits 9.9%

Inflation nears double-digit as Ghana Statistical Service blames the August 9.9% inflation rate on the cedi’s free fall. The year on year inflation for the month of August was 9.9 per cent as compared with the 9.6 per cent recorded in July. The monthly change rate was 0 per cent compared with the rate of 0.4 per cent recorded in July 2018. Acting Government Statistician, Baah Wadieh, said the year-on-year non-food inflation rate for August 2018 was 10.8 per cent compared with the rate of 10.7 recorded in July 2018….

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BUSINESS 

High import duties killing Kantanka’s drive to export

High import duties, coupled with the lack of support from the government, are thwarting efforts by Kantanka Automobile Company Limited to expand and export to other West African countries, the General Manager of the company, Mr Francis Kojo Kujoji, has said. He said the company had over the years received orders from Burkina Faso and other West African countries but had been unable to supply them due to high import duties on its inputs, which would make exporting these cars to other countries unprofitable. Addressing management members from the Ghana Export…

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BUSINESS 

Sanitize And Bring Confidence In The Banking Sector – ACID AFRICA

The Africa Centre For Integrity and Development(ACID-AFRICA) has urge the Governor of the Bank Of Ghana Dr. Ernest Addison to be unwavering and courageous in his quest to sanitize and bring confidence in the banking sector. ACID-AFRICA held a press conference on thr 16th of August,2018 to call for the resignation of the then board chairman of BOST Dr. Kwame Acheampong-Kyei who was the board chairman of the now defunct Sovereign Bank shortly after the revocation of the operating license by the bank of Ghana. Mr Kyei stated in a…

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BUSINESS NEWS 

New features of Whatsapp to threaten telecom companies?

In our world of ever-evolving technology it isn’t surprising to see innovations become obsolete almost as fast as they hit the market. And that is the point the developers of WhatsApp seem to emphasize. The latest versions of the cross-platform messenger is coming in with features that may threaten the profits of some telecommunication companies in Ghana. The said features will include group voice calls with up to four participants. And for users who had been love video calls, the latest release of the app comes with a group call…

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BUSINESS 

Stunner: ITEL Storms Mobile Network With New A32F And P32 Mobile Phones

Itel, a leading mobile device manufacturer in more than 20 countries globally, released the new flagship A32F mobile phones on 18th, May 2018 in Ghana. Designed to appeal to professional and personal lifestyles of tech-enthusiasts through the perfect configuration of advanced hardware and software. Best described by the moniker “THE A32f achieve the ultimate professional photo experience. 5MP rear The Itel A32F is the first Android Go device from Itel Mobile. The Android Go of a thing in the A32F is as the result of the recent partnership between Itel…

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