Category: Business
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Mahama’s promise to restore licenses of collapsed banks impractical – Joe Jackson
The Director of Business Operations at Dalex Finance, Joe Jackson, says it is practically impossible for future governments to restore the licences of banks collapsed a few years ago. His comment comes on the back of a promise by former President John Dramani Mahama to restore the banking licenses that he said were unjustly cancelled…
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AfCFTA won’t be achieved if Ghana fails to reduce road carnage – NSRA
The National Road Safety Authority (NRSA) has given strong indications that the full potential of the African Continental Free Trade Area (AfCFTA) between member states may not be achieved if the country fails in committing to work to reduce the carnage on roads. Ghana continues to record road fatalities among tourists, traders and heavy-duty truck…
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IMF deal: We did a very diligent negotiation – Oppong Nkrumah
Information Minister, Kojo Oppong Nkrumah has slammed persons alleging that the $3 billion bailout deal secured from the International Monetary Fund (IMF) was poorly negotiated by Ghana’s representatives. Oppong Nkrumah said the people of Ghana and the government of Ghana have done a good job with regard to the negotiation of the programme. The Member…
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GRA apprehends eight retail shops over tax default
Eight retail shops and restaurant managers have been apprehended by the domestic tax division taskforce of the Ghana Revenue Authority (GRA) for their deliberate failure to issue VAT invoices to customers. The arrests add to a total of 93 individuals currently being investigated and prosecuted. The taskforce conducted a targeted operation in East Legon and…
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Water tariffs go up from June 1
Effective June 1, 2023, the cost of water services will see an upward adjustment for all consumer groups. This follows a review and approval by the Public Utilities Regulatory Commission (PURC) for water tariffs to go up for the second quarter of 2023. “In taking this decision, the commission took cognizance of the cost of electricity,…
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Propak Ghana 2023 inaugural ceremony slated for June 6-8 at AICC
As part of strategies to meet the demands of companies and individuals in the manufacturing industry, Propak Ghana is scheduled to have its inaugural ceremony in Accra from June 6-8, 2023, at the Accra International Conference Centre (AICC). The event promises to offer a platform for trading, business networking, learning and product sourcing. It is…
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‘We had no choice’ – PURC justifies 18.36% electricity hike
The Public Utilities Regulatory Commission (PURC) has justified the 18.36 percent tariff increment announced on electricity and natural gas. According to the Commission, the decision was taken after its Quarterly Tariff Review meeting for the second quarter of the year 2023. The PURC blamed the depreciation of the cedi, inflation, electricity generation mix, and the…
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80% of peasant farmers want Planting for Food and Jobs programme reviewed
About 80 percent of farmers across nine out of the 16 regions of Ghana are demanding the modification of government’s Planting for Food and Jobs (PFJ) initiative. This is the key highlight of findings by the Peasant Farmers Association Ghana after an assessment of the PFJ during the 2022 planting season. The farmers argue that…
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Court gives Ato Essien grace period to settle restitution money
Former Chief Executive Officer of defunct Capital Bank, Ato Essien has been given a grace period up to July 4 to redeem his financial obligations under a plea deal he entered with the state. The Attorney General was expected to move an application on whether Ato Essien should be jailed for not paying GH¢20 million…
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There’s no mismanagement at GIHOC – Management
The Management of GIHOC distilleries has dismissed calls for the removal of the Managing Director, Maxwell Kofi Jumah. The workers on Tuesday, May 16 staged a protest demanding the payment of salary arrears and accused the MD of mismanagement. The workers also allege that their Social Security and National Insurance Trust (SSNIT) contributions and Provident…