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February 15, 2018 5:59 PM Declining inflation to trigger lower policy rate (Article)

Headline inflation surprised when it fell sharply in January to 10.3%; year on year from 11.8% in December. This was well below our expectations for a marginal increase to 11.9%, largely owing to base effects. The deceleration in inflation will have been positively received by the Bank of Ghana’s MPC, which was concerned about underlying inflationary 2

February 15, 2018 5:41 PM Special Petroleum Tax reduced by 2%

Parliament has passed the Special Petroleum Tax Amendment Bill to reduce the tax from 15 percent to 13 percent. The amendment comes after recent protests against the rising cost of fuel, as well as calls from the minority for the Special Petroleum Tax to be scrapped. He explained that the amendment will protect Ghanaians in the future when petroleum 5

February 13, 2018 9:27 AM Scrap 15% Special Petroleum Tax–IES

The Institute of Energy Security (IES) has called for the outright abolishment of the 15 percent Special Petroleum Tax. The call comes after the Chamber of Petroleum Consumers (COPEC) and the Industrial and Commercial Union (ICU) embarked on a demonstration over frequent hikes in petroleum prices. The National Petroleum Authority (NPA) has assured that it will take a look at tax and make some adjustment 3

January 16, 2018 6:42 AM Ford to boost investment in electric cars by 2022

Ford says it will boost its investment in electric vehicles to $11bn (£8bn) in the next five years, more than doubling a previous commitment. Chairman Bill Ford said the car maker would have 40 hybrid and fully electric vehicles in its range by 2022. It comes as countries around the world put more pressure on car makers to rein in carbon emissions 22

January 5, 2018 7:33 PM AWA reduces fares within three months

Checks by Citi Business News have shown that the airfares of the only surviving domestic airline, the African World Airlines (AWA) have decreased over a period of three months. A flight from Accra to Kumasi in October 2017 which previously cost between GH¢540 and GH¢680 is now ranging between GH¢300 and GH¢492, whiles a round trip between Accra and Kumasi 25

November 19, 2017 8:45 AM Apple delays launch of smart speaker

Apple is delaying the release of its HomePod smart speaker until 2018. The electronics giant said the device, which was due to be released in December this year, still needed development work. It said the HomePod would be ready to go on shop shelves in the US, UK and Australia “early in 2018”. The news is a blow to its plans to take on rivals Amazon 39

November 1, 2017 4:04 PM November issue of African Business Review is now live!

This month’s cover feature is an interview with Bassari Resources, discussing its flagship project in Senegal. Executive Chairman of the Australian company, Alex Mackenzie, talks abou the Makabingui gold project and how it aims to serve as a corporate citizen in the area. Another mining focus comes from an exclusive insight into Grande Cote Operation 39

October 31, 2017 11:00 AM Ghana urged to enforce ban on export of donkey skins

The Donkey Sanctuary and the Ghana Society for the Protection and Care of Animals (SPCA) has urged government to enforce the law banning the slaughter and export of donkey skins from the country. The Donkey Sanctuary leadership is in the country leading efforts to draw global attention to the trade in donkey skins for the use in traditional Chinese remedies 25

October 31, 2017 8:50 AM COCOA FARMERS MUST EARN MORE FROM THEIR TOIL

President Nana Addo Dankwa Akufo-Addo has reiterated the commitment of his government towards ensuring that the country’s farmers reap much greater value from their toil. According to the President, startling statistics have revealed that, with Ghana and Cote d’Ivoire accounting for more than 60% of the world’s cocoa output, the two countries, together 19

October 31, 2017 1:53 AM PZ Cussons Ghana supports Amasaman District Hospital

PZ Cussons Ghana Limited, a leading producer and distributor of personal and homecare products, has donated large consignment of healthcare products valued at GH₵30,000.00 to the Amasaman District Hospital in Accra. The items which included several boxes of Robb Cough Mixture, Carex Hand Gel and Camel Antiseptic Liquid, were meant for the use and care of patients 16