Category: Business
-
Gov’t spends GH¢5.1 Million in training 149 Ghanaians for petroleum sector jobs
The Petroleum Commission has charged beneficiaries of government-sponsored training programs in the upstream petroleum sector to commit to working in Ghana after graduating. The remarks follow the graduation of 149 Ghanaians after six months of hands-on technician training, to enable them to work in the Petroleum industry. Speaking at the graduation ceremony of the students…
-
Panelists at US-Ghana Alumni programme discuss socio-economic prospects amidst the COVID-19 pandemic
Government has been urged to do more to tackle the devastating social and economic dimensions of this COVID-19 pandemic, with a focus on the most affected: women, the youth, low-wage workers, small and medium enterprises among others. This is according to the panelists at the maiden U.S.-Ghana Alumni Association (USGHAA) stakeholder forum on socioeconomic prospects…
-
World Bank urges Ghana to implement policies that attract private investment
The World Bank Group has called on government to prioritize policies that attract investments from citizens and foreigners. According to the Bretton Woods institution such an approach is critical especially as countries like Ghana strive to return to a path of sustained economic growth. Ghana like many other developing countries is dealing with the impact…
-
Opoku-Ahweneeh Danquah takes over as GNPC CEO from Dr. K.K Sarpong
The Deputy Chief Executive Officer at the Ghana National Petroleum Corporation (GNPC), in charge of Technical Operations, Opoku-Ahweneeh Danquah, has taken over from Dr. Kofi Koduah Sarpong as the new chief executive officer of the company. Dr. K.K Sarpong, is expected to step down as the chief executive officer of the company later this week…
-
Manufacturing sub-sector pushes PPI for March 2022 to 29.3% from 21.4%
The year-on-year producer price inflation for March 2022 has risen to 29.3 percent, according to data from the Ghana Statistical Service. This rate represents a 7.9 percentage point increase in the average price of goods and services received by domestic producers in the country for their production activities relative to the 21.4 percent recorded in…
-
Stakeholders urged to ramp up education on E-levy ahead of 1st May start date
With about 10 days to go, to the highly anticipated implementation of the Electronic transfer Levy (E-Levy) by the Ghana Revenue Authority, the Ghana Chamber of Telecommunications, is calling for a ramping up of education by the various stakeholders on the project to ensure the public is adequately informed. The levy of 1.5 % on…
-
Registrar General’s Department to increase penalty for late filing of annual returns
The penalty for late filing of annual returns for companies will be increased from GH¢450.00 to GH¢500 effective 30th June 2022. This is according to the Registrar General, Jemima Oware. This increment would apply to all company entities, namely Public/Private Companies Limited by shares, public/private companies limited by guarantee (Churches, Schools, Unions, Associations, Clubs etc.)…
-
GCB Bank records strong growth in profits in 2021, after a sluggish 2020
Leading local bank, GCB Bank Limited has recorded an overall strong performance in the year 2021, as seen in its impressive growth in profits, both before tax and after tax as well as the increase in the loans and advances given to the bank’s customers last year as compared to the situation in 2020. Profits…
-
Telcos Chamber wants E-levy law reviewed to exclude salary payments via MoMo
Ahead of the highly anticipated implementation of the Electronic Transfer Levy (E-Levy) from May 2022, the Ghana Chamber of Telecommunications has called for a review of portions of the law to exclude the 1.5% charge on payment of salaries made via mobile money. According to the chamber, per the current law, salaries that are paid…
-
PIAC asks GNPC to quit giving out loans to gov’t until significant recoveries are made
The Public Interest and Accountability Committee (PIAC) has advised the Ghana National Petroleum Corporation (GNPC) to desist from granting loans and guarantees until recoveries are made with reference to outstanding loans. This comes after reports that the Petroleum Corporation could not realize its budgeted revenue from loans and guarantees due to debts owed it by…