Category: Business
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Digitization of state agencies improving revenue collection—Dr. Bawumia
The Vice President Dr. Mahamudu Bawumia has announced that the digital initiatives undertaken by the government is beginning to yield results. Dr. Bawumia disclosed that some state institutions that were migrated to digital platforms are recording improvements in revenue collection. The Ports, Lands Commission, Ministry of Tourism and the Passport Office are a few state…
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April inflation rises marginally to 9.5 percent
Inflation recorded for April 2019 rose marginally to 9.5 percent year-on-year. April’s inflation is an increase over the March figure of 9.3 percent. Despite the slight increase, the year-on-year comparison indicates a drop in the inflation rate from the 9.6 percent recorded in April 2018 to 9.5 percent in April 2019. Presenting the figures to…
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Receiver for Consolidated Bank gives debtors June 14 deadline to settle liabilities
The Receiver for the five banks merged into the Consolidated Bank, Nii Amanor Dodoo has given individuals and businesses who are defaulting in loans to the affected banks to redeem their liabilities or risk publication of their names in the national dailies. The caution was given in a statement published in the Daily Graphic reminding…
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Article: The creation of a petroleum hub– Key success factors
The Petroleum Hub It has long been the dream of many West African countries including Nigeria, Ivory Coast, Togo, Ghana and Burkina Faso to create a physical downstream petroleum hub; a geographical (centrally located and sufficiently inter-connected) point in the network where a price is set for petroleum products delivered at the specific location. This…
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Impact of financial sector reforms will be felt long-term — BoG
Head of Banking Supervision at the Bank of Ghana, Osei Gyasi has said the recent banking sector reforms should impact positively on the macroeconomy largely through the reduction in interest rates and a decline in non-performing loans among others. While delivering a presentation at the first in a series of round table discussion with the…
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MTN Ghana targets another 4G spectrum to boost operations
MTN Ghana has indicated that it is seeking to purchase the remaining 4G spectrum on offer by the National Communications Authority (NCA). The company said the move should improve its quality of service delivery and expand its network operations. MTN was initially excluded from purchasing any of the three (2 x 5) megahertz spectrums that…
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Real estate agents to pay tax on commission — Atta Akyea
The Ministry of Works and Housing has said a new bill it is set to present to Parliament will require real estate agents to pay tax on the commission they earn from helping clients secure accommodation. Speaking at the meet the press series, Works and Housing Minister Samuel Atta Akyea said the operations of the…
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Kwahu East Agriculture Department records reduction in beneficiaries of PFJ in 2018
The Kwahu East Director of Agriculture Isaac Mensah has said the district recorded a reduction in the number of beneficiaries of the government’s Planting for Food and Jobs (PFJ) programme for 2018. The low patronage he said was due to the fact that farmers were unable to settle their indebtedness to the scheme from the…
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Petroleum Commission Tours Trendsetters Engineering
Ahead of the Ghana day at the ongoing Offshore Technology Conference, the Petroleum Commission delegation led by its Board Chairman and CEO toured the Engineering workshop and premises of Trendsetter Engineering to familiarise themselves with the operations of the company. Vice President of Projects at Trendsetters, Tony Matson showed the team round their Subsea Distribution…
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Search for strategic investors in bauxite and aluminium industry begins
The Ghana Integrated Aluminium Development Corporation (GIADEC) has commenced processes towards the engagement of strategic investors for different aspects regarding the implementation of the entire bauxite to aluminium value chain. According to GIADEC, all private sector entities/ consortium interested in participating in the investor engagement rounds have up to the end of May 2019 to…