Category: Business
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AGI urges Government to speedily take a decision on Tax Exemptions Bill
The Association of Ghana Industries, AGI, is entreating Parliament to decide on the tax exemption bill which was brought before the house in 2019. The push by the Association follows calls by many stakeholders to government to put in place measures to ensure the State is not deprived of billions of cedis, especially through tax…
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GNPC kicks off Saltpond field decommissioning project
The Ghana National Petroleum Corporation (GNPC) has officially commenced the decommissioning of the Mr. Louie Platform in the Saltpond oil field. The decommissioning project is estimated to last twelve months. Being the first decommissioning project of its kind in Ghana, GNPC, its lead contractor, as well as other relevant stakeholders, showed their readiness to work…
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Introducing legislation to force banks to lend is not the way to go – GAB advises
The Ghana Association of Banks has advised against using legislation to force banks to lend to the Agriculture sector. This comes on the back of recent remarks by the Minister of Food and Agriculture, to the effect that the banking sector has not been lending enough to the country’s agriculture sector to support its transformation.…
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Oil & Gas Service providers call for enforcement of regular fuel storage tank cleaning rule
To ensure the quality of petroleum products sold at the pumps is not compromised, players in the oil and gas services sector are demanding the strict enforcement of standards and protocols across the value chain. The National Petroleum Authority was established by law to regulate the petroleum downstream industry in Ghana and Benjamin Armstrong, the…
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GSE partners UN SSE to boost sustainable trading
In its quest to promote sustainable development, the Ghana Stock Exchange has partnered the UN Sustainable Stock Exchange, SSE, initiative as a new member. Through this move, the Ghana Stock Exchange has solidified its commitment to transparency and sustainability by becoming a partner exchange of the UN SSE initiative. This makes the Ghana Stock Exchange…
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Patrick Kwaku Ofori to take over from Senyo Hosi as new CEO of CBOD
The Ghana Chamber of Bulk Oil Distributors has announced the appointment of Dr. Patrick Kwaku Ofori as its new Chief Executive Officer. His tenure begins on August 1, 2022. He will be filling the vacancy created by the departure of the Chamber’s founding CEO, Senyo Hosi, who is stepping down after 10 years of meritorious…
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GSE, Young Investors Network launch investment educational programs for the youth
As part of its objective to increase awareness and deepen financial literacy in the country, the Ghana Stock Exchange has partnered the Young Investors Network (YIN) and other industry players to launch a bouquet of Investment Education Programs for the youth. The move is aimed at promoting interest in savings and investment amongst the youth,…
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UMB celebrates Alisa as part of 50th Anniversary celebrations
The leadership of the Universal Merchant Bank (UMB), a leading indigenous Ghanaian bank, led by the Chief Executive Officer, Nana Dwemoh Benneh, paid a courtesy call today on one of its pioneering customers – Mr. Kwame Ofosu Bamfo (CEO of Alisa Hotels) at their plush Alisa Hotel Tema site as part of its key customer…
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S&L sub-sector contributes 35.1% of total assets for Q1 of 2022 – BoG
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi, has disclosed that the savings and loans sub-sector contributed 35.1 percent of the total assets of the specialized deposit-taking institutions sector in the first quarter of 2022. While commending the savings and loans sector for their significant role in the economy at the 12th…
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Gov’t of Ghana extends deadline for submission of Aker Energy’s PDO
A little over three 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, a leading oil exploration and production company, has been granted an extension by government for the submission of its Plan of Development. That’s according…