HomeBusiness

Business

Don’t circumvent duty payment – GRA warns importers, exporters

The Deputy Ashanti Regional Commander, Customs Division, Ghana Revenue Authority (GRA), Evans Teye Agbozo, has cautioned importers and exporters against the practice of bypassing...

Trade war: Asaki clashes with GUTA President for pampering govt

Executive Secretary of the Importers and Exporters Association of Ghana has launched a salvo at the Ghana Union of Traders Association (GUTA) for being...

Beige Bank trial: Investigator gives interesting twist

It has emerged at the Financial and Economic Division of the High Court in Accra that the Investigator in the case in which the...

BoG Report: Governor signals significant revenue loss, blames Domestic Debt Exchange Programme

The Governor of the Bank of Ghana, Dr Ernest Addison, has predicted that the yet-to-be-released BoG report will reveal a high revenue loss for...

Mchezo Limited: The proud owner of betPawa, Africa’s popular online betting brand

Who Owns betPawa? betPawa is an online betting brand that is owned by Mchezo Limited. The betting brand runs on a gaming technology platform provided by...

Nii Amankra Tetteh appointed Letshego Ghana CEO

The Board of Letshego Ghana (Letshego Ghana Savings and Loans PLC), a subsidiary of the pan-African inclusive finance Group, Letshego (Letshego Holdings Ltd) is...

Attorney-General inaugurates Registrar of Companies office in Kumasi

The Attorney-General and Minister of Justice, Godfred Yeboah Dame, has said the Office of the Registrar of Companies (ORC) possesses the ability to be...

Budget review: COPEC warns against introduction of new taxes on fuel

The Chamber of Petroleum Consumers (COPEC) has issued a strong warning to the government to refrain from plans to introduce new taxes on petroleum...

Cedi’s outlook to be stable this week

The outlook of the cedi is expected to be stable this week despite the near-term outlook remaining a concern. Many analysts believe the local currency...

Urgent action plan needed to deal with energy sector crisis – World Bank warns govt

Global financial institution, World Bank, is warning of interruption to the power supply in Ghana if government fails to fix the financial challenges facing...

Ghana’s economy will get worse before getting better – Fitch Solutions

Fitch Solutions has reaffirmed its position that economic activities in Ghana will get worse before getting better in 2023. This is coming despite the expansion...

Jubilee Oil Field production surpasses 100,000 barrels a day – Tullow 

Tullow Oil has announced that gross crude production on the Jubilee Field has surpassed 100,000 barrels per day for 2023. This was captured in an...

Govt announces new DDEP for U.S dollar denominated domestic bonds

Government has announced a new Domestic Debt Exchange Programme (DDEP) for U.S dollar denominated domestic bonds. A statement from the Ministry of Finance dated July...

A new VALCO beckons: Govt seeks Strategic Investor to galvanize Integrated Aluminium Industry (IAI)

The Volta Aluminium Company (VALCO) was established as a collaborative venture between the Government of Ghana and Kaiser and Reynolds of the United States...

Securing debt repayment: Significance of mortgages as security for debt settlement in Ghana

A mortgage is a creation of an interest in (originally the conveyance of) real or personal property by a debtor/borrower (the mortgagor) to a creditor/lender...

Govt to sell Bolgatanga meat factory, 16 others

The Ministry of Public Enterprises has announced its intention to divest 17 non-operational state-owned enterprises. Among these entities are the State Construction Company, Bonsa Tyre...

ECG disconnects TOR again

The Electricity Company of Ghana (ECG) National Taskforce has once again disconnected the Tema Oil Refinery (TOR) from the national power grid for failure...

ECG disconnects customers owing over ¢700K

As part of the ongoing revenue mobilisation drive by the Electricity Company of Ghana, dubbed “Operation Zero,” the Musahamat Banana Farm at Aveyime and...

Why TOR urgently needs a strategic partner

Tema Oil Refinery (TOR) says it has put in place machinery to adopt Torentco Asset Management (TAM) as a strategic partner. Management of TOR...

Ghana’s inflation rises to three-month high on soaring food prices

Ghana's inflation rate climbed to a three-month high in June, primarily driven by soaring food prices.  After reaching a more than two-decade high of 54.1%...

FDA suspends operation of Spintex-based water-producing company

The Food and Drugs Authority (FDA) has suspended the operations of Samdoe Enterprise, a water-producing company located at Community 18, Spintex Road. The company,...

Sentuo Oil Refinery poised to produce adequate oil & gas products as it gears towards full production

The Minister of Trade and Industry, Kobina Tahir Hammond, has paid a working visit to the Sentuo Oil Refinery Limited (SORL), touting the project...

Ghana places 9th in Africa as most financially secretive country

Ghana placed 9th in Africa as the most financially secretive country, according to the Tax Justice Network’s Financial Secrecy Index. However, globally, it was ranked 70th with an FSI...

I’m confident Ghana will secure 2nd tranche of $600m from IMF – Ofori-Atta

The Minister of Finance, Ken Ofori Atta, is optimistic government will secure a Staff-Level Agreement with the International Monetary Fund for the disbursement of...

Govt destroying social trust – Economist

An economics lecturer at the University of Ghana, Dr Patrick Asuming, has stated that the government's failure to honour its obligations is destroying the...

BNI, GRA uncovers GH¢500m tax fraud

The Bureau of National Investigations (BNI) in collaboration with the Ghana Revenue Authority (GRA) spearheaded a historic operation that resulted in arresting executives of Wan Heng...

Cedi to remain fairly stable this week

The cedi is expected to remain relatively stable on the forex market this week. Analysts believe a positive Mid-Year Budget Review this month and a...

World Bank MD to visit Ghana

The World Bank Managing Director (MD) for Operations, Anna Bjerde, will be visiting Ghana from July 12-15, 2023. This would be Anna Bjerde’s first visit...

Finance Ministry sends good news to individual bondholders

The Finance Ministry says it has settled all outstanding coupons and principal payments up until June 19, 2023 and has sent out instructions for...

EIU reaffirms Ghana’s end-year inflation rate of 38.1% on average

Economist Intelligence Unit (EIU) is reaffirming its end-year inflation rate of 38.1% on average for Ghana in 2023. This means some prices of goods and...

Former BoG Deputy Governor passes on

A former Deputy Governor of the Bank of Ghana (BoG), Millison Narh, has died. He died after a short illness in the U.S.A. Mr Narh...

NAM1 grateful for customers’ faith, promises to pay Menzgold investors soon

Nana Appiah Mensah, the former CEO of Menzgold, has reached out to his distressed customers, urging them to exercise patience as he works towards...

Ghana’s Lottery Industry embraces digital transformation with MEGA6 Lotto

The current trend of digitization has spread across almost every sector of the global economy and the lottery industry is no exception. To offer convenience...

TiC named as brand ambassador for money remittance platform OA Pay

Ghanaian music legend, TiC, has been named the brand ambassador for OA Pay, an Africa-first money remittance platform based in the UK. OA Pay, a...

There’s big announcement for cocoa farmers soon  – Agric Minister

The Minister for Food and Agriculture, Dr Bryan Acheampong, says the government will soon roll out an unprecedented policy that will seek to change...

MTN Group Board Chair, Bawumia emphasise need for strategic partnerships for progress and investments in Ghana

MTN Ghana has hosted the Board of Directors of the MTN Group and members of MTN Group’s Executive Committee in Accra for a two-day...

Ghana seeks $2.5bn in external financing through debt restructuring

The Chief Executive Officer (CEO) of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has revealed that Ghana is set to undergo external debt...

Cryptocurrency ban still in force – Finance Ministry

The government has restated its prohibition on the use of cryptocurrencies in all financial transactions, emphasizing that all financial institutions in the country have...

Let’s leverage on AfDB funding to secure future partners – MASLOC CEO

Chief Executive Officer of MASLOC, Hajia Abibata Shanni Mahama Zakariah, has urged employees, stakeholders, and other aligned bodies to put in their best to...

DDEP: 16 banks to record more losses in 2023 – Research

About 16 banks will record more losses this year as a result of the Domestic Debt Exchange Programme (DDEP). According to research conducted by Dr....