Category: Business
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Mining industry will learn from unfortunate Bogoso explosion incident – Gold Fields
Leading gold mining company, Gold Fields Limited, says the mining industry in Ghana can learn from the unfortunate Bogoso-Appiate explosion disaster and become better going forward. The January 20 explosion occurred along the Tarkwa-Bogoso-Ayamfuri road after a truck transporting mining explosives collided with a motorcycle, according to the Police. At least 13 people have been…
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Allianz Life partners MobileMoney Limited to launch Allianz4Life Insurance product
As part of efforts to increase insurance penetration in the country, Allianz Life Insurance Ghana Limited and Ghana’s leading mobile financial services provider, MobileMoney Limited have launched a life insurance product, named “Allianz4Life”. This product provides convenient life insurance solutions to customers of both brands. Highlighting some of the benefits of the product during the…
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Earning salary only manages poverty – Paul Mante
The Managing Director of EDC Investments Ltd, Paul Kofi Mante has advised salaried workers to invest and explore other streams of income in order to attain financial independence. According to him, depending solely on a monthly salary, will only manage poverty and will never help one achieve financial independence to live a desired life. “Traditionally,…
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Tax analyst urges gov’t to increase minimum taxable income to GH¢500
Tax Analyst, Francis Timore Boi has urged the government to consider increasing the salary amount that is taxed at zero percent to a minimum of GH¢500. Currently, employees who receive GH¢365 and below as monthly salary or ¢4,380 as annual salary do not have their earnings taxed. This follows the amendment (no. 2) of the…
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Disregard news of compulsory ‘Akwaaba insurance policy for international travelers – NIC
The National Insurance Commission (NIC) which regulates the insurance sector in Ghana, has described reports that all international travellers arriving in Ghana by the end of March this year will be expected to sign on to a compulsory insurance cover known as the ‘Akwaaba’ insurance policy, as untrue. Media reports suggested that the said product…
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GRA in talks with stakeholders to increase tax on tobacco products
The Ghana Revenue Authority (GRA) says plans are underway to revise the current tax structure on tobacco products in the country. Tobacco products such as cigarettes, cigars, and cheroots are taxed in Ghana. The taxes include excise tax and sales tax or VAT, import duty, a health insurance levy, ECOWAS levy, and economic development and…
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Senyo Hosi urges gov’t to prioritize reversal of benchmark discounts on rice
CEO of HGL, a multi-grain processing facility, Senyo Hosi says the government needs to prioritize the reversal of the benchmark value reduction policy on rice even as it continues to engage stakeholders on the way forward. He argues that such a move is necessary in order not to derail all the gains that have been…
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Lands Minister justifies suspension of companies at the center of Bogoso explosion
The Minister of Lands and Natural Resources, Samuel Abdulai Jinapor, has justified the decision to order for the closure of Maxam Ghana Limited and Jocyderk Logistics Limited, the two companies at the centre of the unfortunate Bogoso explosion. A letter from the Ministry to the Minerals Commission revealed that preliminary investigations showed that Maxam Ghana…
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Maxam Limited’s closure will affect mining companies – AngloGold Ashanti
The Senior Manager in charge of Mining at AngloGold Ashanti Iduaprim mines, Steven Asante Yamoah, says although it supports the Minerals Commission’s decision to regulate the manufacture and transport of explosives following the Appiate disaster, the closure of Maxam Company Limited will have adverse impact on the operations of over six mining companies in the…
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Gov’t urged to be consistent with COVID-19 protocols to attract international tourists
The government is being urged to ensure its anti-COVID-19 protocols, especially at the Kotoka International Airport, are not changed haphazardly in order to boost traveller confidence. This is according to Aviation Analyst, Sean Mendes. According to him, inconsistent COVID-19-related policies will deter international visitors from travelling to countries like Ghana. Despite the strong performance of…