Prime News Ghana

Today's Ghana Business, Banking and Economic news

Vodafone Ghana seals GHS14m deal with KNUST

Vodafone Ghana has sealed a ground-breaking deal with Kwame Nkrumah University of Science and Technology (KNUST). Per the GHS14m agreement spanning half a decade, the telecommunications company will provide an improved high speed internet and Wi-Fi connectivity to all faculties across the University’s campuses in Ghana. 

Cedi stabilized in July, food prices fall

The annual consumer price inflation dropped to 16.7 percent in July from 18.4 percent in June as the cedi currency stabilised and food prices fell at the start of the harvest season, the statistics office said on Wednesday.

Abandon IMF programme, Ghanaians hurting – TUC Sec. Gen

The Trades Union Congress (TUC) has urged government to abandon the International Monetary Fund (IMF) programme, few months to the completion of the programme. According to the union, government can resort to its home-grown policies touted years back, which in their view is a better alternative.

CLOGSAG must end strike tomorrow or forfeit August Salary-Minister

Employment and Labour Relations minister Haruna Iddrisu has announced moves by government to introduce a major formula for the determination of market premium in January 2017 adding striking CLOGSAG workers must call off their strike or forfeit their August salary.

Yao Graham fears EPA deal will cripple economy further

Coordinator of Third World Network Africa, Dr. Yaw Graham has stressed that perceived gains Ghana would get from the Economic Partnership Agreement (EPA) signed with the European Union will largely be on paper with the reality on the ground being different. 

Delta flights suspended, hundreds queue at terminals

US airline company Delta says all its flights have been suspended due to a nationwide system outage.

"Customers should check the status of their flight before heading to the airport while the issue is being addressed," the company tweeted.

It said it was working to resolve the issue as soon as possible. Inbound flights en route are not affected.

Delta serves nearly 180 million customers a year, employing over 80,000 people, according to its website reports the BBC.

Despite opposition Ghana’s parliament ratifies EPA with EU

Ghana’s parliament has ratified the Economic Partnership Agreement (EPA) between government and the European Union (EU). Government earlier signed onto the agreement (interim) but was awaiting ratification from Parliament as stipulated in the country’s laws in relation to international agreements. 

How the DRC got nothing when its largest mine was sold

Last week, the International Consortium of Investigative Journalists unveiled a collection of new stories in their latest Panama Papers leak, this time with a focus on Africa. The stories reveal new details about illicit financial flows and the extractive industries, showing how multi-billion dollar oil and mining deals across the continent serve to make the rich even richer while providing no benefits to some of the world’s poorest populations.

Ghana now has Petroleum Production and Exploration law

Ghana’s legislature has given its approval to the Petroleum Production and Exploration Bill on Thursday.

The law, which will regulate the nation’s oil sector, comes nine (9) clear years after Ghana discovered oil.