Category: Top Stories
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17 OMCs did not pay GH¢249.8m duties, taxes between 2022, 2021 – Auditor General
Seventeen Oil Marketing Companies did not pay duties and taxes totaling GH¢249,800,802.28 on 219,995,530 litres of fuel products lifted for the period January 2020 to December 2021. The Auditor General’s report on the audit of Ministries, Departments and Agencies noted this discrepancy from the Integrated Customs Management System (ICUMS). Twenty-eight Oil Marketing Companies failed to…
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Deepened stakeholder collaboration needed to sanitize forex bureau sector – BoG
The Bank of Ghana is urging stakeholders within the financial sector to step up their collaborative efforts to ensure that the forex bureau sector is sanitized of all deliberate market practices that are fueling the cedi’s continuous depreciation. This, according to the Central Bank forms part of efforts to ensure the stability of the local…
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AfCFTA Hub kickstarts in Ghana
In furtherance of the Government of Ghana’s digitization agenda, the Ministry of Communications and Digitalization and the Postal and Courier Services Regulatory Commission (PCSRC), have launched the “AfCFTA Hub” concept in Ghana to promote, enhance and advance digital trading, electronic commerce, and e-marketplace transactions in general. Ghana’s strong ambition is not just to become a…
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Vlisco MD calls for unity among fashion industry players to weather economic storm
Just like all other businesses and industries are suffering the impact of the current economic situation, Ghana’s fashion industry is also bearing the brunt of the cedi depreciation and high rate of inflation. It is for this reason that stakeholders in the fashion and textile space are calling for more collaborative efforts among themselves in…
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Ghana Nigeria Business and Investment Conference to attract funding from diaspora
As part of efforts to educate, inform, and promote investment and business opportunities available in Ghana and Nigeria, both countries are set to host the Ghana Nigeria Business and Investment Conference. The event which will be held in Atlanta in the USA will focus on the oil and gas, healthcare, manufacturing, the service industry and…
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NPA to ensure vehicles of affected Atimpoku Shell fuel station customers are fixed
The National Petroleum Authority (NPA) has assured customers of the Shell fuel filling station at Adomi Bridge, Atimpoku, in the Eastern Region whose vehicles were damaged after they were sold water–laced petroleum products of a redress. According to the NPA, it will compel the Oil Marketing Company to fix the vehicles of affected customers. The…
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$750m Afreximbank loan received in full; $37m set aside for debt resolution – Gov’t
Deputy Finance Minister, John Kumah says government has received the full loan amount of $750 million from the African Export-Import Bank (Afreximbank). The disclaimer was issued after ranking member on the Finance Committee in Parliament, Cassiel Ato Forson made comments indicating the bank account of government had received only $713 from the total amount in…
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Office of the Registrar of Companies to delist 2,584 dormant companies from Companies Register
The Office of the Registrar of Companies (ORC) has begun processes to continue striking off 2,584 dormant and defaulting Companies from its Companies’ Register. This exercise is being carried out in accordance with Section 289 of the Companies Act, 2019 (Act 992) which connotes that a Company can be stricken off the Companies Register for…
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SIM re-registration rate drops by 98% after deadline extension – Telcos Chamber
Barely a month after government announced another extension of the deadline for the SIM card re-registration exercise, the number of persons who have visited offices of the network service providers to have their SIMs registered has dropped by a whopping 98 percent. Data from the Ghana Chamber of Telecommunications has revealed that as of August…
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Col. Damoah removed as Customs Commissioner in the wake of Labianca saga
The Commissioner of the Customs Division of the Ghana Revenue Authority (GRA), Colonel (Rtd.) Kwadwo Damoah, has been directed by the President to hand over his duties to an acting Deputy Commissioner at the Authority, Seidu Iddrisu Iddisah. Col. Damoah had been serving in his position despite his contract expiring in October 2021, according to…