Category: Government
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IFS demands new law to restrict GNPC’s activities; ensure more transparency
The Institute for Fiscal Studies (IFS), a policy think tank, has called for the passage of a new law that will rein in the non-oil related activities of the Ghana National Petroleum Corporation (GNPC) as well as make them more accountable. The institute’s latest Policy Brief entitled ‘Assessing Management of Ghana National Petroleum Corporation Revenue,’…
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Article: After PDS investigative reports: Mr. President your call
The Government of Ghana (GoG) represented by the Electricity Company of Ghana (ECG) and the Ministry of Finance (MoF) on one part, and Power Distribution Services (PDS — a local and foreign consortium), signed the Private Sector Participation (PSP) Transaction Agreements (TAs), which consist of the Lease and Assignment Agreement (LAA), the Bulk Supply Agreement…
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Meralco plans pulling out of PDS deal over political uncertainty
Filipino power company, Manila Electric Co. (Meralco) is planning to pull out its investment in the consortium set up to run the Power Distribution Services if the political situation in that country does not improve, its top official said. Meralco President and CEO Ray Espinosa said: “We’re still waiting for developments. It’s a Ghana government…
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Nigeria, Benin in trade dispute two months after signing ACFTA
Two West African countries, Nigeria and Benin are embroiled in a trade dispute two months after signing an agreement to free up the movement of goods and services in Africa. Nigerian President Muhammadu Buhari ordered the partial closing of its border with Benin last month to curb smuggling of rice and other commodities. The blockade…
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Ghana wins two awards at ongoing Int’l Civil Aviation Organization 40th Assembly in Montreal
Ghana has been awarded two International Civil Aviation Organization Council President certificates for maintaining one of the highest aviation safety and security standards Globally at the International Civil Aviation Organization 40th assembly in Montreal, Canada. Speaking at the event, President for the International Civil aviation Organization Olumuyiwa Benard Aliu stressed on the need to maintain…
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President revokes appointment of fmr Maritime Boss as GRA Board Chair
President Nana Akufo-Addo has appointed Prof. Stephen Adei as the Board Chair of the Ghana Revenue Authority, revoking an earlier appointment of Kwame Owusu, the former Director-General of the Ghana Maritime Authority, to that position. The earlier appointment was met with disapproval from certain sections of the public due to the fact that Mr. Owusu…
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#GhanaRising: Young entrepreneurs must stop selling their companies to multinational giants
A former President of the Association of Ghana Industries(AGI) and Chief Executive of Tropical Cables, Dr. Tony Oteng-Gyasi has urged young entrepreneurs not to be in a haste to sell their infant companies to multinational giants wishing to enter the African market. He cautioned that most international firms that want to operate in the African…
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#GhanaRising: Private sector must truly become Ghana’s engine of growth – Ahomka-Lindsay
For Ghana to forge forward in its development agenda, the private sector has to truly become the engine growth of Ghana. This can be possible if the government is able to create a congenial environment for businesses to thrive as well as businesses producing competitive products that meet international standards. A Deputy Minister of Trade…
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Ghanaian businesses to receive compensation after xenophobic attacks
Ghanaians businesses in South Africa that were affected in the recent Xenophobic attacks are to be compensated, according to a South African government’s special envoy to Ghana. The South African government’s special envoy, however, insists only properly registered and insured tax-paying Ghanaians businesses will benefit from the compensation. Jeffrey Radebe, who led the envoy to Ghana…
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More tax defaulters to be prosecuted to ensure tax compliance — Finance Minister
Finance Minister, Ken Ofori-Atta has hinted that there will be more prosecutions of tax defaulters in 2020 to improve domestic revenue mobilization. Government has missed its domestic revenue mobilization targets for the past three years and is currently lagging behind its GH¢45 billion target for 2019. This is despite some changes made at the top…