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CBI Ghana signs $80m contract to build world’s largest Calcined Clay Cement plant in Ghana

CBI Ghana Limited, producers of Supacem Cement, has signed an $80million contract to construct the world’s largest Calcined Clay Cement plant, a 405,000-ton-per-annum plant...

Ghana’s inflation to end 2022 at 16.3% – IMF

The International Monetary Fund (IMF) has revised its end-year inflation rate for Ghana in 2022 to 16.3%, from 8.8%. It is however forecasting 13% end-year...

Adom Kwawu Easter: Paragliding business booms as scores from diaspora patronise flying event [Video]

Two years after break from the paragliding event at the Odweanoma Mountain, Atibie, at Kwawu, many have registered to be part of the annual...

‘Susu’ collectors go digital

Microfinance institutions, especially traditional ‘susu’ collectors, are mostly characterized by paper and non-automated transaction processes.  A new financial technology, Mobart, is however aiding susu collectors...

BoG registers ¢1.23bn profit in 2021

The Bank of Ghana (BoG) recorded a profit of ¢1.23 billion in 2021, lower than ¢1.57 billion was recorded in 2020, its 2021 Audited...

Jurgen Hyde: Young Ghanaian graduate finds success with farming

Jurgen Hyde, founder and CEO of Hyde Group of Companies, is earning success through hard work and support from his mentors. The young business owner...

Elon Musk offers to buy Twitter for $41 billion

Elon Musk has offered to buy Twitter for about $41 billion in cash, saying the social media company he has often criticized needs to go...

The Ghanaian artist melting glass waste into wonders

Michael Tetteh, Ghana’s only professional glassblower, clenched his teeth as he gripped a red-hot ball of molten glass, his burned and blistered hands bare...

Shanghai lockdown: iPhone maker halts operations at China sites

A major producer of Apple's iPhone has become the latest manufacturer to halt operations because of the lockdown in Shanghai. Technology company Pegatron says it...

MTN gets banking licence in Nigeria

The Central Bank of Nigeria (CBN) has granted approval for the establishment of MTN's Mobile Money (MoMo) Payment Service Bank, MTN Nigeria announced on...

E-levy: Checkout transfers that will not attract 1.5% charge

The Electronic Transfer Levy, known as E-Levy, is set to be implemented next month 1 May 2022, thus the Ghana Revenue Authority (GRA) has...

Salaries to be affected by E-levy or not : GRA sets records straight

Principal Revenue Officer, Project Management Unit at the GRA, Isaac Kobina Amoako, has clarified the notion that salaries will be affected by the Electronic...

ECG chases Judicial Service over GH¢762,000 debt

The Electricity Company of Ghana (ECG) has served disconnection notice on the Judicial Service over its alleged feet-dragging attitude towards the payment of its...

List of entities responsible for charging E-levy

The Ghana Revenue Authority (GRA) has highlighted the entities responsible for deducting the yet-to-be-implemented Electronic Transfer Levy (E-Levy). According to the Authority, as of May...

COCOBOD records ¢42.14m loss in 2020

Ghana Cocoa Board (COCOBOD) posted a net loss of ¢42.14 million in 2020 compared to a net profit of ¢1.478 billion in 2019, a...

E-levy: GRA to engage Finance Ministry over some key anomalies

The Ghana Revenue Authority (GRA) has revealed it will engage the Finance Ministry to resolve key anomalies in the Electronic Transactions Levy (E-levy), which...

Provide solution-oriented services to customers – Former UMB CEO, Nilla Selormey

The Universal Merchant Bank (UMB) was formed in 1972, as a policy bank to provide the first indigenous merchant banking capacity in Ghana. 2022...

Govt to borrow ¢4.59bn fresh loans in quarter 2, 2022

Government will borrow ¢4.59 billion as fresh funds in the second quarter of this year to finance part of its budget. This will, however, be...

BOST records ¢291.02m loss in 2020

The Bulk Oil Storage and Transportation (BOST) posted a loss of ¢291.02 million in 2020, according to the 2020 State Ownership Report. This represents a...

Salaries paid through mobile money will attract E-Levy – GRA

Workers who receive their salaries through mobile money platforms may have to brace themselves. This is because a portion of their money is expected to...

ECG goes after Communications Ministry, EOCO, others over GH¢9.8 million debt

The Electricity Company of Ghana, (ECG) has served disconnection and demand notices on some heavily indebted public and private institutions. According to the power...

No real estate company is authorised to charge in dollars; it weakens the Cedi – BoG

The Bank of Ghana (BoG) says no real estate company in the country has been authorised to price or transact business in foreign currencies. Head...

Bawumia inspects new products of Kumasi Shoe Factory

The Kumasi Shoe Factory has begun mass production of fashionable shoes as part of its effort to cut down on the influx of foreign...

E-Levy implementation to start from May 1st, 2022 – GRA

The Ghana Revenue Authority (GRA) has announced May 1st, 2022 as the implementation date for the Electronic Transaction Levy (E-Levy). In a notice served by...

Access Bank announces closure of Ring Road branch

The management of Access Bank has closed down its Ring Road branch in the Greater Accra Region. According to the bank, the closure is...

Expand tax net – GUTA to govt

President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has reinforced calls by some Ghanaians for government to continuously expand the...

BoG warns public about illegal forex activities

The Bank of Ghana (BoG) has once again warned the public (companies, institutions and individuals) to desist from unauthorized dealings in foreign currency. This is...

Kantanka Automobile features in Bawumia’s state of economy address [Audio]

JoyNews/AdomNews · BAWUMIA ON KANTANKA Vice President Dr Mahamudu Bawumia has said the facilitation of the growth of an automotive industry is on course. Addressing Ghanaians...

Debt will have stood at 68% of GDP, but for COVID-19, others – Bawumia

Ghana’s debt will have stood at 68% of Gross Domestic Product if COVID-19, Financial Sector and Energy Sector debts were excluded. According to Vice President,...

We are unfazed by current issues concerning agriculture sector – Owusu Afriyie Akoto

The Minister of Food and Agriculture, Dr. Owusu Afriyie Akoto, says it’s premature to push the panic button over the Planting for Food and...

Rihanna debuts on ‘Forbes’ Billionaires list

Rihanna, the good girl gone bad, has done better than most. The 34-year-old pop star, entrepreneur and expecting mum is a fully paid-up member of Forbes’ billionaire...

Bawumia to speak on Ghana’s economy on April 7

Vice President Dr Mahamudu Bawumia will on April 7, 2022, speak on the Ghanaian economy, his spokesperson, Dr Gideon Boako, announced on Tuesday, March 22, 2022. Following...

Dangote fertliser to hit Ghanaian market soon

Dangote Industries will introduce its fertiliser to the Ghanaian market soon. A deal, signed by the business mogul and Ghanaian businessman and chairman of Translas...

Star Assurance holds thanksgiving service to usher in 37th-anniversary celebrations

Star Assurance Company Limited, one of Ghana’s foremost insurance providers has held a thanksgiving service at the company’s Head Office in Accra. The Service was...

Let’s vote NPP out if they fail to account for the E-levy – Mr Logic

Controversial radio and TV personality, Mr Logic, says Ghanaians should vote out the New Patriotic Party (NPP) if they fail to account for the...

BoG to sell $350m to dealers in quarter 2, 2022

The Bank of Ghana will sell a total of $350 million dollars to authorised dealers in the second quarter of this year, in the...

More panic withdrawals soon, E-Levy set to defeat cashless economy – Dumelo

Actor cum Politician, John Dumelo, has bemoaned the passag of the Electronic Transaction Levy (E-Levy). Taking to Facebook to lament over the policy, he...

Elon Musk snaps up $3bn Twitter stake

Elon Musk has taken a 9.2% stake in Twitter, according to a US securities filing. The news sent Twitter shares soaring about 25% in pre-market...

E-levy: Mobile Money agents intensify public education to address panic withdrawals

The General Secretary of the Mobile Money Agents Association, Evans Otumfour, says his outfit will intensify public education on the E-levy Bill to address...

There’s been 10 to 12% reduction in MOMO transactions since November, 2021 – Economist

An Economist and political risk analyst, Dr. Theophilus Acheampong, has asserted that mobile money usage in the country has seen a downward trajectory since the e-levy...