Category: Business
-
Fuel prices likely to go up by 8 pesewas today – COPEC
The Chamber of Petroleum Consumers (COPEC) has indicated that fuel prices are likely to go up by 8 pesewas from today, May 17, 2021. Executive Secretary of COPEC, Duncan Amoah, stated that this was due to a hike in prices of the product on the global market. “Geopolitical events over the past few days have…
-
United Airlines inaugurates nonstop service between Washington D.C. and Accra
United Airlines has inaugurated a three-times-weekly service between its hub at the Washington Dulles International Airport and the Kotoka International Airport, celebrating the arrival of its first flight to Accra nine years after exiting Ghana. United was welcomed back to Ghana on Saturday, May 15. The new service is being operated with a state-of-the-art Boeing…
-
Kosmos Innovation Center holds final pitch for 2020 AgriTech Challenge competition
The Kosmos Innovation Center (KIC) has held a final pitch for the 2020 AgriTech Challenge competition. The pitch which was held at the KIC business incubation hub is aimed at helping young entrepreneurs build the foundation for commercially-viable AgriTech start-ups and address challenges confronting the Agric sector in the country. Ten business startups, namely FarmAsyst,…
-
GUTA cautions against reversal of 50% reduction in benchmark values
The Ghana Union of Traders Association (GUTA), is cautioning government against any attempt to reverse the 50% reduction in benchmark values. The warning, according to GUTA, follows attempts by the Association of Ghana Industries (AGI) to get government to cancel it. Benchmark values are reference values that Customs uses in determining taxes and duties on…
-
Companies urged to abide by unclaimed dividend provisions in new Companies Act
Companies who are expected to pay dividends to their shareholders are being cautioned against flouting Sections 73 and 74 of the new Companies Act, Act 992. According to the Act, all unclaimed dividends are to be handled in a standardized manner which will ensure the dividends are kept for a period of up to 8…
-
Run National Development Bank as a business – Prof. Quartey to government
Professor of economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has stated that the establishment of the National Development Bank will have no positive impact on the growth of the economy if government fails to apply proper business management in its operations. The establishment of the bank which has…
-
Reduce cost of power to curb beverage price hikes – Association appeals
The Food and Beverages Association of Ghana has called on government to halt any increases in the cost of electricity and water, to prevent another increase in the prices of beverages in the country. The remarks come on the back of recent increase in the prices of some alcoholic beverages by as much as 20%…
-
Aker Energy to submit revised plan of development to Government of Ghana
Two years after its initial Plan of Development to facilitate the optimization of the Deepwater Tano/Cape Three Points (DWT/CTP) block was rejected by government, Aker Energy is set to submit a revised plan of development to government by the end of this year. This was disclosed in a press statement issued by Aker Energy Ghana…
-
George Andah lauds government’s acquisition of AirtelTigo
A former Deputy Minister for Communications, George Andah, has commended government’s move to take over AirtelTigo. In October 2020, Airtel and Millicom announced that they were exiting the Ghanaian market. On the back of this, the government and the parent companies of AirtelTigo, Bharti Airtel Ghana Holdings B.V. and MIC Africa B.V concluded negotiations and…
-
GRA must clamp down on tax evaders in oil sector – AOMCs
The Association of Oil Marketing Companies is urging the Ghana Revenue Authority to ensure that the new taxes introduced in the country are charged on every litre of fuel sold on the market. The association also wants the GRA to put in place measures to stop tax evasion to ensure that government realises the purpose…