Author: Lawrence Segbefia
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Gov’t must review revenue projections over Tullow Ghana’s woes – IES
The Institute for Energy Security (IES) is urging the government to review its revenue projections from oil after Tullow Ghana announced that it will reduce its staff strength by 25 percent on the account of production challenges. Tullow Ghana, which is the operator of the Jubilee and TEN oil fields in Ghana, over the weekend…
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Petroleum Commission urged to engage GSA to standardize oil measurement
Parliament has urged the Petroleum Commission to work with the Ghana Standards Authority, (GSA), to check the measurement of Ghana’s oil meant for export. This follows concerns raised by some civil Society Organizations about the metering system used by multinational companies producing oil in Ghana. After debating the issue on the floor of Parliament, Executive…
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Hollard Ghana sponsors Citi Heritage Caravan with GHS4.1m insurance cover for patrons
Insurance Group, Hollard Ghana, has partnered Citi FM and Citi TV to insure patrons of the annual Heritage Caravan with a maximum of GHS4.1 million. The Heritage Caravan is an exciting road trip which takes place in the month of March, giving patrons an opportunity to learn about the diversity in culture, people and places,…
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Implementation of AfCFTA must not compromise standards – GSA
The Ghana Standards Authority, GSA, says it will ensure that goods imported into the country meet the required standards when the African Continental Free Trade Area (AfCFTA) kicks off in July this year. The Agreement is aimed at improving intra- African trade to among other things, create a single market, deepen the economic integration of…
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Gov’t can’t pay customers of collapsed S&Ls and microfinance firms in 2020 – Mahama
Former President John Mahama says the government has no money to pay all depositors of the collapsed Savings and Loans companies as well as microfinance companies their locked up funds this year despite a directive by President Akufo-Addo to the Ministry of Finance and the Bank of Ghana to pay every single customer. Mr. Mahama…
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YIEDIE extends opportunities youth in construction sector
The Youth Inclusive Entrepreneurial Development Initiative for Employment (YIEDIE) has exceeded its target of creating opportunities for the economic disadvantaged youth in Ghana’s construction sector. The five-year project which ends in March this year, set out to train 23,700 youths but ended up training 25,479 with technical and entrepreneurial skills in the construction sector. Out…
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Ghana must take advantage of clean price in issuance of bonds – Doni-Kwame
The Secretary-General of the International Chamber of Commerce Ghana, Emmanuel Doni-Kwame, says there’s the need to develop financial policies that will promote environmentally friendly practices since most investors are gradually using clean price as an incentive for investing in bonds. Clean Price in the global financial space is when investors decide to forfeit accrued interest…
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Pay all customers of defunct S&L, Microfinance companies now – PEF demands
The Chief Executive Officer of the Private Enterprises Federation, PEF, Nana Osei Bonsu says businesses are still struggling to access their locked-up funds, almost a month after President Akufo-Addo directed that customers of defunct financial institutions be paid their monies. The development, the PEF CEO laments, is having a negative impact on the private sector…
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GhIPSS to launch universal QR Code payment system for all banks in March 2020
The Ghana Interbank Payment and Settlement Systems (GhIPSS) says it will launch a universal QR Code for all banks in March this year to harmonize QR Code payment systems in Ghana. Currently, almost all banks have their unique QR codes for electronic payments, a development that restricts customers to only use their bank’s QR Code…
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Income tax Act amendment: GRA announces tax reliefs for some category of people
The Ghana Revenue Authority, (GRA), has announced some amendments in the Income Tax Act 2015, Act 896, which grants tax reliefs to some category of people. Those qualified to benefit under the amendment include workers with a minimum salary of 319 cedis, parents with three school going children, persons above 60 years, married couples and…