Bussiness
Disregard 20% hike in transport fares – GRTCC
The Ghana Road Transport Coordinating Council (GRTCC) has urged the general public, commuters and drivers in particular to disregard the purported transport fare increase of 20%.
According to GRTCC, transport fares are determined by stakeholders and not any single body as seen in the case of recent increments.
“We wish to state that, transport fares has always been negotiated for and on behalf of all operators by the Ghana Road Transport Coordinating Council and the Ghana Private Road Transport Union, no single union or group have the capacity to determine the quantum of increase except the two bodies mentioned above,” the Secretary to GRTCC, Emmanuel Ohene-Yeboah disclosed in a press release.
He continued: “We therefore wish to inform the operators and the general public that the Transport Minister has indicated his readiness to meet with the leadership of the GRTCC and GPRTU on Wednesday 11th May 2022, to commence discussion on our proposal for fare increase.
Mr. Ohene-Yeboah further disclosed that there are standing protocols that are followed for transport fares to be increased.
The GRTCC Secretary, therefore, called on the drivers to stop charging new fares from the public.
“We want to reiterate that the GRTCC and the GPRTU have not divorced from standing protocols for fare increase, it is therefore unjustified for any group of persons to stampede the process to announce fare increase without reference to the standing protocols.
“We wish to advise the public to disregard any increase and the drivers to desist from charging any new fare, as we continue with the discussion on the appropriate adjustment which will be signed by the representatives of the GRTCC and the GPRTU and communicate the same to you,” he added.
Source: Ghana/Starrfm.com.gh/103.5FM/Isaac Dzidzoamenu
Bussiness
Charterhouse announces the Business Elevate Series with launch of ‘The Gastro Feastival’
Charterhouse, Ghana’s leading event management and audiovisual production company, is marking its 25th anniversary of delivering top-tier events with the introduction of an exciting new initiative: The Business Elevate Series.
This innovative series is designed to shine a spotlight on key economic sectors through a series of dynamic B2B and B2C events, including industry conferences, seminars, and exhibitions.
Kicking off the series is The Gastro Feastival, a groundbreaking annual food industry festival that will showcase Ghana’s rich and diverse food ecosystem and agribusinesses from production to consumption.
The launch event will take place on Friday, March 7, 2025, from 4:00 PM to 6:00 PM at the Grand Arena (Accra International Conference Centre).
This landmark event will bring together food industry stakeholders, enthusiasts, experts, and organizations to highlight the food industry’s critical role in Ghana’s socio-economic development and culture.
It will also promote food security, digital innovation, women’s empowerment, youth employment in agribusiness, and sustainable practices.
The Business Elevate Series is a game-changing initiative designed to foster growth and transformation across multiple sectors. With Charterhouse’s deep expertise in organizing impactful meetings, the series aims to unlock investment opportunities, drive innovation, and catalyze social and economic change.
The Gastro Feastival will address six major pillars that drive industry transformation: Investment Opportunities; Job Creation; Innovation, Technology, and Digitization; Youth Involvement (entrepreneurship and career opportunities); Women’s Involvement; Environmental and Social Governance (ESG); Export Opportunities
The event will also establish a Resource Bank, spotlighting key growth opportunities and ensuring the effective allocation of resources to transform Ghana’s food industry.
The Gastro Feastival is a Charterhouse initiative, with Kosmos Innovation Centre as the technical partner.
Bussiness
Ghana’s GDP shows economy is fast recovering despite DDEP – Finance Ministry
Ghana’s Gross Domestic Product (GDP) indicates a rapid economic recovery despite global challenges and ongoing debt restructuring, according to the Ministry of Finance (MoF).
The Ministry in a statement today indicated that latest data from the Ghana Statistical Service (GSS), cumulative economic growth for the second quarter (Q2) of 2024 reached 6.9%, a notable increase from the 4.7% recorded in the first quarter of 2024.
The MoF statement further noted that, “The economy’s robust recovery is in response to the macroeconomic stability and growth interventions that government is pursuing under our IMF-supported Post Covid-19 Programme for Economic Growth (PC-PEG).”
According to them, the overall real GDP growth for the first half of 2024 rebounded strongly, with year-on-year GDP growth averaging 5.8% for the period, significantly higher than the 2.9% recorded in the same period in 2023.
By Edem Mensah-Tsotorme
Read full statement below
