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SML fully delivered on Transaction Audit Service Agreement with GRA

Strategic Mobilisation Ghana Ltd (SML) has rejected claims by auditing firm, KPMG that it partially delivered on several requirements regarding SML’s Transaction Audit Service...

Dumsor: Corn mill operators at Kaneshie market face financial crisis

Corn mill operators at Kaneshie market in Accra, are facing financial challenges due to ongoing power outages across the country, popularly known as 'dumsor'. These...

Bulk Oil Distributors object to government’s plan to designate BEST sole off-taker  

The Chamber of Bulk Oil Distributors (CBOD) has objected to the government’s plan to designate the Bulk Energy Storage and Transportation Company (BEST) as...

Google accused of making it harder to search for rival

Google has been accused of taking advantage of its market dominance to make it harder to search for a rival email service. Tuta Mail -...

The ex-flight attendant who now leads the airline

When Mitsuko Tottori was named as the new boss of Japan Airlines (JAL) in January, it sent a shockwave across the country's corporate sector. Not only was...

LONDA 2023 report: Ghana’s internet penetration reaches 68.2%

A total of 10.75 million Ghanaians do not use the internet as at the beginning of last year, the 2023 LONDA Report on the...

Korle Gonno: Residents call for action against garbage dumping as filth engulfs community [Video]

Residents of a coastal community near Korle Gonno in Accra are urging authorities to address the rampant dumping of garbage into drainage systems across...

World Bank’s food price index eases in early April 2024

The World Bank’s food price index eased in early April 2024 after falling by about 4.0% in the first quarter of 2024, to a...

NCA approves Starlink’s satellite broadband application

The National Communications Authority (NCA) says it has approved Space X Starlink GH LTD, the operator of Starlink Satellite Broadband, to provide Satellite Broadband Services in...

Traders urged to utilize FDA’s Progressive Licensing Scheme for product registration

Traders Advocacy Group Ghana (TAGG) has welcomed initiatives by the Food and Drugs Authority (FDA) aimed at facilitating the registration process for regulated products, including diapers. The...

FDA collaborates with importers to address challenges

The Food and Drugs Authority (FDA) has taken steps to address the grievances raised by importers of diapers and toiletries to ensure smooth importation...

Cash Waterfall Mechanism report shows significant non-compliance with formula for revenue allocation – Report

The Cash Waterfall Mechanism (CWM) report for January 2024 has revealed significant non-compliance with the formula for revenue allocation and disbursements to power sector...

We are committed to helping build a better Ghana – SML

Strategic Mobilisation Ghana Limited (SML) has expressed its commitment to contributing to the development of Ghana by adhering to ethically acceptable standards and maintaining...

KPMG’s report confirms we haven’t been paid $100m – SML

Strategic Mobilisation Ghana Limited (SML) has clarified that the audit assurance report by KPMG confirmed that it has not received a payment of $100...

Beige-Bank trial: Receiver did not engage financial department before collapsing bank

David O. Sogbodjor, former Finance Manager of the defunct Beige Bank has told the High Court trying the former Chief Executive Officer (CEO) that the receiver during...

‘She’s done a lot for Ghana’ – Okudzeto Ablakwa defends Prof Opoku-Agyemang’s readiness for vice presidency

The Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has criticized political experts and commentators who have questioned the qualification and readiness of...

GUTA urges government to embrace solar energy to address power outages

The Ghana Union of Traders Association (GUTA), has urged the government to adopt alternative sources of energy, including solar, to reduce the country’s heavy...

NDC to establish a Women’s Development Bank if elected 

The National Democratic Congress (NDC) has announced plans to establish a Women's Development Bank if elected into power in the December 7th general elections.  The running mate...

Women face mounting pressures, feel unsafe at workplace – Deloitte

Despite a small number of improvements since last year, 'Deloitte’s Women @ Work: A Global Outlook' indicates that women are facing mounting pressures in...

Bright Simons: Where is the KPMG report on SML contract audit?

In the wake of revelations by audit firm KPMG on its probe of the controversial contract between the Ghana Revenue Authority (GRA) and Strategic...

Fitch affirms ETI at B-; Outlook stable

Fitch Ratings has affirmed Ecobank Transnational Incorporated's (ETI), parent company of Ecobank Ghana Long-Term Issuer Default Rating (IDR) at 'B-' and its Viability Rating...

Cedi hits GH¢14.00 to a dollar; depreciates 12.08%

The Ghana cedi has hit GH¢14 to a dollar as the depreciation pressures continue unabated. This has culminated in its year-to-date loss of about...

Academic curriculum must reflect industry needs – Stanbic Bank CEO

Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning has advised that the academic curriculum should be designed towards meeting the needs of industry. He made...

Kwadaso onion traders refuse occupying new market, fear similar eviction

They also fear a possible eviction in the coming years after suffering similar fate when they were moved from the Alabar market. The traders are pushing for a spacious land they can own and trade on without concerns over future ejection.

CSO calls for immediate removal of COCOBOD CEO

In 2017, COCOBOD made a loss of GHS 161.3 million, although its revenues had increased to GHS 10.25 billion from GHS 9.15 billion in the previous year. The company also made losses of GHS 78.22 million in 2018, GHS 320.57 million in 2019, GHS 426.32 million in 2020, and a staggering GHS 2.44 billion in losses in 2021.

Government asked to act over rot and collapse of SOEs

In reference to the Ghana Cocoa Board, Ghana Water Company Limited, Electricity Company of Ghana, and Ghana Airport Company Limited, the group demanded an immediate sack of the CEOs of these enterprises for what it says are colossal damages and astronomical debts incurred.

SML/GRA contract brought GH¢2.45bn in tax revenues to the state – KPMG report

KPMG's audit report has revealed that the revenue assurance contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML) has resulted in...

Global Cocoa Marketing Companies refuse to pay realistic Cocoa prices – CGCI

The Executive Secretary for Cote d’Ivoire Ghana Cocoa Initiative (CGCI), Alex Asanvo, says Global Cocoa Marketing Companies have refused to pay realistic prices for...

Renegotiate SML contract – Akufo-Addo to GRA, Finance Ministry

President Akufo-Addo has instructed the Ghana Revenue Authority (GRA) and the Ministry of Finance to renegotiate the revenue assurance contract with Strategic Mobilisation Limited...

‘Dumsor’: Power crisis requires more than financial remedies – NPP Manifesto Committee member

The Chairman of the New Patriotic Party's (NPP) 2024 Manifesto Committee on Energy, Kwadwo Nsafoah Poku, has debunked suggestions that the current challenges with...

Apple faces declining sales in China as Huawei soars

Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the world’s largest smartphone market. The Shenzhen-based conglomerate,...

Ghana faces rising trend in unvaccinated children, statistical service reports

Ghana is grappling with an alarming increase in the number of children not receiving age-appropriate vaccinations, as revealed by recent data released by the...

Ghana’s cocoa farmers lament low earnings amid high prices

Though global cocoa prices have soared to a record high in April, farmers in Ghana are struggling to make ends meet. The government's local...

“Dumsor” has brought businesses to their knees – GNCCI expresses frustration at ongoing crisis

The Ghana National Chamber of Commerce and Industry (GNCCI) has expressed deep frustration and disappointment at the ongoing power crisis in the country. According to...

Dumsor: Finance Ministry failed to pay power generators over GH₵1.2 billion under the CWM – PURC report

The Public Utilities Regulatory Commission’s validation reports on the Cash Waterfall Mechanism (CWM) have revealed that the Finance Ministry owes some power generators about...

Cedi to bounce back to appreciating trajectory soon – Fitch Solutions

Fitch Solutions, an international rating agency, says the Ghanaian cedi will bounce back to an appreciating trajectory very soon. The rating agency said factors, notably...

Electricity VAT: GRA clarifies decision to tax resident Ghanaians

The Ghana Revenue Authority (GRA) has clarified its decision to tax the foreign incomes of resident Ghanaians as replacement for the value-added tax (VAT)...

Gov’t to consolidate cash waterfall revenue collection accounts

Finance Minister, Dr Mohammed Amin Adam says government has taken steps to establish a single account to streamline the collection and distribution of revenue...

GRA provides clarity on tax status of Ghanaian residents earning abroad

The Ghana Revenue Authority (GRA) has moved to dispel uncertainties surrounding the tax status of individuals earning incomes abroad, affirming the criteria for categorizing...

Debt Restructuring: Government to reach agreement with IPPs in May

The government has given an indication about reaching an agreement with Independent Power Producers (IPPs) on debt restructuring as part of measures to reduce...