Category: Government
-
Parliament approves about GHS500m for Energy Ministry
Parliament has approved about 500 million cedis for the Ministry of Energy to spend in the 2019 fiscal year. The amount is expected to be used to enhance activities in the Power sub sector and the Petroleum Sub-sector. Speaking on the floor of parliament, the Chairman of the Committee of Mines and Energy, Emmanuel Akwasi-Gyamfi…
-
DVLA to inspect TIN from January 2nd 2019
With just about 2 weeks to the end of the year, the Driver and Vehicle Licensing Authority (DVLA) has emphasized that it will insist on Tax Identification Numbers (TIN) before vehicles are registered in 2019. The DVLA in a statement it issued two weeks ago, stated that effective January 2, 2019, a Tax Identification Number…
-
Ghana to comply with WTO trade facilitation rules by 2020
Ghana has set 2020 to fully comply with the World Trade Organization’s agreement on Trade Facilitation. The Trade Facilitation Agreement is to expedite the movement, release and clearance of goods at the port. When implemented fully, the agreement will address the issue of slow customs clearance, duplication of border agencies and documents and also reduce…
-
Fish farmers laud ‘Aquaculture for food & jobs program’
The Ghana Aquaculture Association wants the Ministry of Fisheries and Aquaculture Development to improve its surveillance and reduce the instances of diseases even as it considers implementing the aquaculture for food and jobs program. The group has lauded the move but fears the gains could be eroded with the presence of instances of diseases at…
-
GRA to sanction officials in bribery allegations over TIN registration
The Ghana Revenue Authority (GRA) has cautioned that it will not spare any of its officers who will be implicated in taking bribes before registering people for Tax Identification Numbers (TIN). There have been allegations that some officers have been demanding money from taxpayers before registering them. The issue is also cited as contributing to…
-
Energy Bank-First Atlantic Bank merger needs additional investor—Consultant
A Banking Consultant, Dr. Richmond Atuahene has stated that the proposed merger between Energy Commercial Bank and First Atlantic Bank will require strategic investors to meet the 400 million cedis capital requirement before the deadline. Describing the issue as crucial, he maintained that the two banks have little time to seek new investors hence must…
-
Ghana engages more foreign trade missions to boost FDI
As part of efforts to achieve Ghana’s $10 billion dollar foreign direct investment(FDI) target for 2018, the country has in the past few weeks hosted different Trade Missions from a number of countries including Slovenia, Turkey and Belgium. All the trade missions have made it an objective to first of all find local partners in…
-
Ameri welcomes Amewu’s ‘enhanced’ agreement
Ameri Energy has demonstrated its willingness to work with the government of Ghana on the new agreement it has brought forth. CEO of Ameri Energy, Mustafa Ahmed said in a statement: “We are always happy to address any misconceptions about our work and we’ve engaged in a constructive dialogue with the government and all stakeholders.…
-
World cocoa supply surplus to grow in 2019
The global cocoa market will see a supply surplus of 71,900 tonnes in the current 2018/19 year, on the back of last year’s smaller surplus, Connecticut-based brokerage JSG Commodities said on Thursday. That follows a surplus of 21,620 tonnes last year reported by the International Cocoa Organization. World production is expected to be 4.81 million…
-
Energy Commercial bank, First Atlantic Bank to merge for GH¢400m capital
Energy bank and First Atlantic bank have begun merger talks in order to raise the 400 million cedis minimum capital requirement for banks. Citi Business News understands that a Memorandum of Understanding (MoU) has been signed awaiting further action from the two sides. Per the MoU, Energy Commercial Bank and First Atlantic Bank will join…