Starting from Wednesday, May 17, 2023, users of public transportation in Ghana will experience a 10 percent reduction in fares. This reduction is a result of the decrease in fuel prices, which has prompted road transport operators to adjust their fares accordingly. The reduction applies to shared taxis, intra-city (trotro), intercity (long distance), and haulage services. The road transport operators announced the fare reduction in a statement on Monday night, stating that it aligns with the administrative arrangement on public transport fares. The reduction takes into account the observed decrease…
WTO boss hails impact of digitalization on the rise of digital trade in Ghana
The Director General of the World Trade Organisation (WTO), Ngozi Nkojo-Iweala, has commended Ghana for her significant progress in advancing digital trade. In a meeting with Trade Minister K.T. Hammond, the WTO chief, who is in the nation on an official visit, stated that digital trade is increasing around the world and gave Ghana as an example because of the impressive progress that the government has made in its digitalization efforts over the past six years. According to the WTO director, the rise of digital trade is “one of the…
The man who survived being sucked out of an airplane.
On June 20, 1990, British Airways Flight 5390 was scheduled to fly from Birmingham to Malaga. Captain Tim Lancaster, an experienced pilot with over 11,000 flight hours, was in charge of the flight, along with his co-pilot, Alistair Atchison. Unfortunately, this flight would be far from routine. Just 13 minutes into the flight, the cockpit window shattered, causing Tim to be sucked out of the plane at an altitude of 17,300 feet (5,300 m). Nigel Ogden, one of the cabin crew members, bravely held onto Tim’s ankles to prevent him…
CENTRAL BANKS ‘Nationalizing bond markets’ left central banks unprepared for inflation, top HSBC economist says
After a decade of permissive financial conditions, central banks worldwide have rapidly raised interest rates over the past year to contain skyrocketing inflation.
Starbucks’ Howard Schultz denies chain is against unions.
In his most pointed public remarks regarding the ongoing conflict between labor unions and the coffee giant in the US, former Starbucks CEO Howard Schultz denied union bashing.
Fuel prices to go down again by 1st April
Fuel prices in Ghana are expected to decrease for the third consecutive time, with Liquefied Petroleum Gas (LPG) experiencing its biggest decline in recent times. Prices of fuel are expected to go down from 1st April. The Institute for Energy Security attributes the expected drop to the stability of the cedi to the dollar and the easing of prices of finished products on the world market. LPG is expected to go down by about 9%, while petrol and diesel will witness between 2% and 5% drop. The decrease in fuel…
Bitcoin climbs 5% above $28,000 as investors shrug off regulatory crackdowns.
On the last day, Bitcoin increased 5% to reach as high as $28,474, regaining the $28,000 mark after falling below it on Monday.
Accident: 9 dead after two buses collide near Bunso
Two Toyota Hiace buses belonging to 2M Express company Limited collided head-on at the Birimso near Bunso stretch of the Accra to Kumasi highway, resulting in the instant death of nine passengers, with nineteen others seriously injured and admitted to the hospital. The accident occurred around 4:30 am on Sunday morning, March 26, 2023. The buses, which had a total of 28 passengers aboard, were reportedly speeding. The bus from Accra suddenly veered off to the lane of the oncoming bus from Kumasi, resulting in the head-on collision at the…
Final funeral rites of Christian Atsu
The deceased Ghanaian international Christian Atsu’s final funeral ceremony was held after his death in the Turkey-Syria earthquake last month.
€111m agreement to buy new aircraft for GAF laid before Parliament
The Government has laid before Parliament a €111 million sales and performance agreement for the purchase and supply of 6, Six L-39 next-generation aircraft for the Ghana Armed Forces (GAF). The agreement laid by the Minister for Parliamentary Affairs, Osei Kyei-Mensah-Bonsu on behalf of the Defense Minister Dominic Nitiwul on Tuesday August 4 is part of measures to retool the GAF. AERO Vodochody AEROSPACE a.s of the Czech Republic is the named supplier in the agreement. Eelier, Defense Minister appearing before the house to answer questions on the state of…