Author: Bobbie Osei
-
BoG abolishes bank charges on savings account and other ‘unfair’ fees
The Bank of Ghana has directed banks and Specialized Deposit-Taking institutions to desist from charging some fees and charges, as well engaging in some practices it describes as unfair to the banking populace. The fees and charges, and practices identified by the central bank as unfair include, Credit Insurance Premium Overcharges, Maintenance Fees on Savings…
-
Stakeholders advocate for strong corporate governance, others for DBG to succeed
The institution of strong corporate governance structures has been highlighted as one of the many critical things that need to be in place to ensure the success and longevity of the yet to be launched Development Bank Ghana (DBG). The remarks were shared as part of a virtual forum organized by Impact Investing Ghana in…
-
Incoming TOR MD must be given clear KPIs to ensure success – COPEC
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah has charged the Ministry of Energy to outline Key Performance Indicators for the next Managing Director to be appointed to steer the affairs of the struggling Tema Oil Refinery (TOR). The Minister Dr. Mathew Opoku Prempeh on Tuesday, June 15, 2021, inaugurated a…
-
TOR: 3-member interim management committee sworn in after firing of MD and deputy
The Minister for Energy, Dr. Matthew Opoku Prempeh, has sworn into office a 3-member Interim Management Committee (IMC) to oversee the affairs of the Tema Oil Refinery as part of efforts to restructure and revamp the refinery. The Chairman of the 3-member IMC is Mr. Nobert Cormla-Djamposu Anku. The other members are Mr. William Ntim…
-
ENI, Springfield await further directive from government on unitisation of oil fields
The two key actors in the ongoing ENI-Springfield unitisation saga have laid responsibility for the next line of action in resolving the impasse, at the doorstep of government. Despite agreeing to the need for an early mutually beneficial solution to be arrived at, the two companies still disagree on whether or not there should be…
-
Tullow oil & partners to invest additional $4.2 billion in Jubilee and TEN fields
Tullow Oil and its partners are set to invest over $4 billion dollars into the Jubilee and TEN fields focusing on new wells and infrastructure over the next 10 years as part of an ambitious ‘Value Maximization Plan’ that is expected to deliver consistent revenue and value to Ghana. This was disclosed by the Chief…
-
Government to introduce programme for taxing informal sector soon – John Kumah
A Deputy Minister-designate for the Ministry of Finance, John Kumah has hinted of the implementation of a new program to ensure Ghana’s thriving informal sector is efficiently taxed. While taking his turn before Parliament’s Appointments Committee, Mr. Kumah noted that the initiative tagged as the Revenue Assurance Compliance and Enforcement (RACE) program will in addition…
-
GUTA welcomes GRA’s decision to collect taxes digitally
A little over a week since the Ghana Revenue Authority (GRA) decided not to accept personal and corporate cheques for the payment of taxes and levies in any of its offices, President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng says businesses are hopeful the move will help government achieve its revenue…
-
PPP takes on BoG Governor over remarks on suit against Dr. Nduom
The Progressive People’s Party (PPP), has taken on the Governor of the Bank of Ghana, Dr. Ernest Addison over some comments he made on the back of a lawsuit brought against the Chief Executive Officer of Groupe Nduom, Dr. Papa Kwesi Nduom by an equity fund and securities investment company based in the United States,…
-
Reduce domestic borrowing, to curb banks’ appetite for securities – Government urged
Government has been urged to reduce its demand for funds from the domestic market to help reduce the overreliance of banks on government securities. According to the Governor of the Bank of Ghana, Dr. Ernest Addison, in addition to government’s actions, factors such as the habitual non-payment of loans taken and the slow nature of…