Pulse Business Wrap 3rd March, 2016

Bread and Wine restaurant: our bill does not make business sense

The Owner of Bread and Wine restaurant, Mr Nicholas has told the main reason behind the company’s plan closure is its high electricity bills.

In an interview at the company’s premises yesterday, Mr Nicholas said Quote “until January, we have not stop paying our bill of electricity which is about GHC22,000 a month.”

“The only reason this company said it is going to close is because at the end of the day no restaurant can work with GHC33,000 as electricity bill.” Unquote

Gov’t snubs striking traders

Businesses belonging to the Joint Business Consultative Forum, who have been striking for three days over what they describe as unreasonably high taxes and import duties have been further insensed by government’s disregard for thier concerns.

Speaking to Pulse Business, Mr. Samson Awingobite, Executive Director of the Ghana Importers and Exporters Association, Samson Awingobite bemoaned government show of apathy and non- concern over their plight.

He said quote “Government did not even give us a phone call or even a text message in response to our concerns. We really feel let down by a government that is supposed to be working on our behalf and for us.” Unquote.

We go to the currency market now where
Currency Buying Selling
Dollar 3.87 4.17
Pound Sterling 5.44 5.74
Euro 4.19 4.59

On how your stocks performed on the GSE Index today,
Enterprise Group Limitedwere the biggest losers of the day, dropping 1p to close at 2.41p… whereas CAL Bank Limited and BENSO OIL PALM PLANTATION LIMITED were the biggest gainers, gaining 2p each to close at 1 cedi and 3.13p respectively.

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