Author: Bobbie Osei
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IMANI dares Trade Minister to speak on UNI-PASS single window system
As the Customs Division of the Ghana Revenue Authority, GRA, continues to defend government’s expected introduction of the UNI-PASS single window system, IMANI Ghana is calling on the Minister of Trade and Industry, Alan Kyerematen, to make his position known on the matter. Ahead of the piloting of the new system at the Takoradi Port…
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uniBank’s collapse: Lawyers for Duffuor and son dispute charges
The lawyers for Dr. Kwabena Duffuor and his son, Kwabena Duffuor Jnr, have denied charges filed against them following the collapse of uniBank. Dr. Duffuor, founder of UniBank, his son Duffuor Jnr., who was Chief Operating Officer and subsequently Chief Executive of the Bank, a former Second Deputy Governor of the Bank of Ghana, Johnson…
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Receiver and Auctioneers urged to ensure transparency in public sale of vehicles
The Ghana Association of Savings and Loans Companies has urged authorities in charge of the ongoing auctioning of confiscated vehicles owned by defunct Microfinance institutions, Savings and Loans companies and Finance Houses, to honour their promise of ensuring transparency. The call comes after auctioneers and representatives of the Receiver of the collapsed institutions, Eric Nana…
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Implementation of UNI-PASS will affect ease of doing business ranking -IMANI
President of IMANI Africa, Franklin Cudjoe, has cautioned that Ghana’s standing on the World Bank ease of doing business ranking would dip further if government goes ahead with the introduction of the controversial UNI-PASS single window system. Currently, the single window system is being managed by the Ghana Community Network Services Limited, GCNet, as well…
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Ghana’s Public debt stock rises to GHC 214.9 billion
Ghana’s total public debt reached 214.9 billion cedis as at November 2019. According to the Bank of Ghana’s latest data on economic figures, this represents 62.1 percent of the total value of all goods and services produced in the country for the period. Out of the amount, the external debt component reached 111.9 billion cedis,…
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Reduce policy rate to improve liquidity in the system – Dr. Lord Mensah
Financial Economist and Senior Lecturer at the University of Ghana Business School, Dr. Lord Mensah, says it will be prudent for the Bank of Ghana to reduce the monetary policy rate from the current 16 percent, to improve the liquidity situation in the country. The policy rate, which determines the rate at which commercial banks…
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We won’t hesitate to prosecute corrupt GRA officials – Prof. Stephen Adei
Board Chairman of the Ghana Revenue Authority (GRA), Prof. Stephen Adei, has asked staff and stakeholders of the Authority to eschew corrupt practices in their line of work. Speaking at a thanksgiving ceremony to celebrate the achievement of the Authority in meeting its 2019 revenue target of GHS43 billion, he urged the staff to view…
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GT Bank opens ICT Centre for Anunmle Cluster of Schools; commits to invest in education
Management of Guarantee Trust Bank, says they are committed to investing a significant amount of their revenue into the education and health sectors of the country in 2020. The bank, according to its latest financial figures recorded a total revenue of GHC 349 million at the end of the third quarter of 2019, representing an…
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NIC urges insurance firms to develop workable plans to meet new capital requirement
The National Insurance Commission (NIC) says it is using the first quarter of 2020 to streamline the submitted recapitalization plans of Insurance companies, to ensure that the companies adopt workable recapitalization strategies before the deadline of June 30, 2021. The NIC last year increased the capital for insurance companies from GH¢15 million to GH¢50 million…
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GSA asks for help to trace importers and producers of substandard electrical products
The Ghana Standards Authority (GSA) has charged retailers of electrical products to provide relevant information about importers and manufacturers of substandard products, to help rid the system of harmful electrical goods. During the last mass testing of electrical cables, involving over 200 different samples, the GSA found that over 90% were unsafe for use. In…