Category: Business
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Banks must prioritize fight against cyber fraud—Zenith Bank CEO
The Managing Director and CEO of Zenith Bank Henry Oroh has called on stakeholders in the banking sector to prioritize investment into systems and structures that will give them utmost protection from the rising incidence of cyber fraud in the country. Ghana lost over $220 million dollars to recorded cybercrime cases between 2016 and 2018,…
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Informal sector to pay taxes through Mobile Money—Dr. Bawumia
The Ghana Revenue Authority (GRA) has announced that small scale self employed tax payers including commercial transport operators will soon pay taxes through mobile money. The authority says it is ready to launch an electronic payment platform for operators in the informal sector to improve tax collection. Currently only 200,000 taxable people in the informal…
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Int’l Civil Aviation Organization ranks Ghana high in aviation safety
Ghana obtained a provisional Effective Implementation (EI) rate of 89.89 per cent, the highest by an African country, after the International Civil Aviation Organization (ICAO) concluded its Coordinated Validation Mission (ICVM) this year. The validation is in line with the United Nations Aviation Agency’s Universal Safety Oversight Audit Programme (USOAP). The ICVM assessed Ghana’s safety…
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Ghana signs double taxation agreements with 10 countries
The Government has signed double taxation agreements with 10 countries towards giving investors a stable and conducive tax scheme. The Government hopes that the signing of such agreements will encourage investments and in turn, facilitate the transfer of skills and technology. The countries are Belgium, Denmark, France, the United Kingdom, Switzerland, Mauritius, South Africa, Italy, Netherlands…
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AKER Energy announces $4.5 million support for oil and gas sector
Aker Energy, the operator of the Deepwater Tano Cape Three Point (DWT/CTP) Block offshore Ghana, has announced USD4.5 million for the Accelerated Oil and Gas Capacity-building (AOGC) Programme, a Ghana government scheme designed to enhance the competencies of Ghanaians in the oil and gas sector. Mr. Jan Helge Skogen, Country Manager of Aker Energy commended…
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Increase tariffs if necessary to stop ‘dumsor’ – Toma Imihere
Financial Analyst, Toma Imihere believes an increase in the cost of electricity will help the companies within the power distribution chain generate enough revenue to bring to an end, the continuous erratic power supply saddling the country. He says the move when considered and rolled out will relieve the ordinary citizen from the much dreaded…
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Ghana finalizes agreement with GERC for $2.2b Eastern railway project
The Ministry of Railways Development has reached a Concession Agreement with the Ghana European Railway Consortium (GERC) for the construction of the Eastern Railway line project at the cost of $2.2 billion dollars. The 340 kilometre- Project, which would run from the Tema Port through Accra, Koforidua and end in Kumasi; is a Built, Operate…
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Include production of ceramics into 1D1F – Group
The Ayiwakuo, an association of manufacturers of earthenware bowls, pots and ceramics at Kwahu Nsaba, has called on the Ministry of Trade and Industry to factor their work into the One District One Factory Programme (1D1F). This the group said is to help provide a market for their produce and jobs for the youth. They…
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Don’t lift ban on public sector recruitment despite IMF exit – Ebo Turkson
An Economist, Dr. Ebo Turkson has strongly advised against the lifting of the ban on public sector employment following the country’s exit from the International Monetary Fund program. As part of the program, public sector recruitments were frozen in an effort to manage the public sector wage bill. Following the country’s exit from the programme,…
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Tang Palace wins prestigious National Best 4-Star Hotel award
Tang Palace Hotel has been honored with prestigious awards at the 2018 National Tourism Awards in Accra. The hotel was adjudged ‘4-Star hotel of the year’ National and Regional for maintaining high standards in service delivery. The citation accompanying the award paid glowing tribute to the Tang Palace hotel as ideally located in one of…