Ghana Oil Company limited, GOIL, has announced it is raising additional capital of GHC155 million through a renounceable Rights Issue and associated costs.

Fuel prices set to go up

Thursday, 28 April 2016 19:02

The Chamber of Petroleum Consumers, Ghana has predicted a hike in fuel prices at the next petroleum pricing window on Sunday, May 1.

Former US trade representative to Africa and wife of Duncan Williams, Rosa Whitaker, has said that her husband’s prayer is responsible for the appreciation the cedi is currently witnessing.

Fund Manager of the First Banc Heritage Fund, Winslow Sackeyfio has bemoaned the low level of interest of Ghanaians in long term investment.

Two mutual funds managed by the First Banc Financial Services made substantial gains in the year 2015, bringing high revenues to shareholders who invested in the funds.

FDA to certify palm oil dealers in VR

Thursday, 28 April 2016 08:29

The Food and Drugs Authority (FDA) is working towards certifying traders in palm oil in the Volta Region.

As part of activities to celebrate its Mobile Money Month, Tigo Ghana has introduced another industry first, a self-help Personal Identification Number (PIN) reset service.

A ranking member of the Finance Committee in Parliament, Dr. Anthony Akoto Osei, has likened Ghana's economic situation to that of Greece, but says Ghana has no bail out route from the European Union.

Govt defends job creation with figures

Monday, 25 April 2016 00:00

Government has fended off criticism about its inability to create jobs for the teeming youth in the country, maintaining that it has created several interventions aimed at creating more jobs.

President John Dramani Mahama has asked the new Governor of the Bank of Ghana to work hand-in-hand with the Minister of Finance, Seth Terkper, for the country's economic growth.

Flanked on both shoulders by other traders, she sits behind a dwarf table. In her left hand is a long string with the right hand carefully pushing pebbles of beads on the string with the help of a needle.

Meet Sandra Ala Adjetey, a 2014 graduate of the Sikkim Manipal University.

Sandra sells beads at the Tema Station Market, Accra.

“Months after completing school and searching for non-existing jobs, I said to myself [that] why don’t I capitalise on my mother’s trade? My Mum taught me how to use beads in making all kinds of designs,” says Sandra.

On the dwarf table are waist beads, anklets and necklaces. Right behind where she sits is a criss-crossed wooden structure. On it, Sandra hangs yet some finished products of the beads.

Attracted by the beautiful waist beads, I asked for the price of one and she quotes GHC25.

Sandra says that although white collar job is good, she is enjoying being self employed, selling beads. 

“White collar job is good but I could not afford walking from office to office submitting my application letters. After all, I make a profit of no less than GHC500 a month just from selling at the market.”

She says this amount is cushioning enough because she was even content with the GHC350 National Service Allowance. She dreams of expanding her business by opening a big shop in the near future.

Despite enjoying what she does for a living, she says she has to battle the stigma of being tagged an aimless graduate for selling at the market.

“Just two weeks ago, my junior at the senior high school came to see me here [market] and she exclaimed ‘Eii Sister Sandra, is that what you do for a living now?”

Sandra says this is but one of the numerous responses she often gets from friends. 

“For my family they are very supportive. My mum, in particular, is happy I am not a burden on her,” she says. 

Unemployment has been a burden for many graduates churned out by the various tertiary institutions across the country.

Some of these unemployed graduates, out of frustration in waiting on jobs that never come, have formed groups such as the Unemployed Graduates Association. This is an association that the 27-year-old lady has vowed not to join.      

“If you are unemployed [especially a graduate], then come out and do something for yourself. Start something small which will be beneficial than staying at the house,” Sandra advises.


Story by Solomon Mensah/3FM/ 


The Head of the Economics Division of the Institute Of Statistical, Social and Economic Research (ISSER), Dr Charles Ackah has rejected claims by President Mahama that the economy is resilient.