Category: News
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NIC to the rescue of ESICH Life over delayed payments
The National Insurance Commission, NIC, has moved in to get customers of Esich Life Assurance access to their insurance claims. The company has been saddled with bouts of customer picketing for almost a year now following failure by the clients to access their claims. The woes of Esich Life have been connected with the collapse…
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Telcos not colluding on tariff increment—Ken Ashigbey
The CEO of the Chamber of Telecommunications, Ken Ashigbey has refuted suggestions that telecommunication companies have been colluding ahead of the expected increase of telecom service tariffs after the recalibration of the Value Added Tax (VAT). Speaking on Citi TV’s Point of View, he defended the integrity of the telcos, saying the competition among the…
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SEC intensifies monitoring on Ghana Stock Exchange
The Securities and Exchange Commission(SEC) has set up a monitoring team to ensure all firms abide by the conditions associated with their listing on the Ghana Stock Exchange(GSE). The commission says it will be cracking the whip on firms that default on their listing obligations. Already some firms have been given up to December 2018…
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Ghana’s pepper faces ban from EU markets
Less than 12 months after the ban on the export of five vegetable crops to the EU market was lifted, Ghana faces another ban on its exports. This time, exported pepper is in danger of being blacklisted over questions of quality. About 24,000 tonnes of pepper is exported from Ghana to the EU annually. The…
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Article: Turbulence in the Financial Market: Are your pension funds safe
With the growing turbulence in the financial sector over the past year, it is time to look at the impact on the young pensions industry. Within the last year we have witnessed the transition and collapse of seven (7) commercial banks for a variety of reasons. Taxpayers have had to commit funds to assist in…
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2019 Budget to improve corporate tax mobilization—Finance Minister
As government engages different business associations ahead of the 2019 National Budget which is scheduled for next month, Finance Minister, Ken Ofori-Atta has maintained that corporate entities will be encouraged to file their tax returns in the budget through several initiatives. Already, the Trades Union Congress has stated that it does not expect new taxes…
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ExxonMobil deal: Gov’t likely to extend timeline for local partner
ExxonMobil may get an extension of the timeline to select a local partner for its operations in Ghana. Citi Business News understands this may be the option since the government is keen on getting the company to operate in the country’s oil sector. Deputy Energy Minister, Dr. Mohammed Amin Adam disclosed this in an interview…
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Telecoms Chamber to engage gov’t over increased tariffs
The Chamber of Telecommunications has said it is open to further discussions with the government over the imposition of taxes on operations of its members. This follows the increase in telecom service tariffs after the recalibration of the Value Added Tax (VAT). The midyear budget review saw the separation of the 5 percent GETFund and…
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Karpowership wins best Independent Power Plant of the Year
Karpowership Ghana Company Limited has been adjudged the Best Independent Power Plant service for the year 2017 at the Ghana Business Quality Awards held in Accra last weekend. The award seeks to appreciate Karpowership for its service quality, competitiveness and service innovation in Ghana. The award ceremony was under the theme Building Ghana beyond Aide:…
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George Andah questions decision by telcos to increase charges
Deputy Minister of Communication, George Andah, finds reasons given by the Ghana Chamber of Telecommunication for an impending increment in tariffs by telcos problematic. The Chamber had announced in a statement issued recently that Airtel-Tigo, MTN and Vodafone will be adjusting their tariffs upwards from November 1, 2018. The Chamber had explained that the increment…