Tag: Ministry of Finance
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Government receives GH¢20 million dividend payment from GCNet
The Ghana Community Network Services Limited (GCNet) last Wednesday presented a cheque for GH¢20 million to the government being dividend payment for the 2018 financial year. Government through the Ghana Revenue Authority (GRA) owns 20 percent shares in GCNet. Receiving the cheque, the Finance Minister, Mr Ken Ofori-Atta, reiterated the important role of GCNet in…
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Collapsed 347 microfinance companies: Receiver to come out with validated names soon
The Head of the Other Financial Institutions Supervision Department at the Bank of Ghana Mr. Joseph Amoah-Awuah has stated that the receiver of the defunct 347 microfinance companies and the 39 money lending companies is validating claims of customers of the companies. This follows calls from some customers who complained of not hearing from the…
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Government’s Gh¢1.32 billion owed GNPC needs urgent attention — Parliament
A report by the Finance Committee of Parliament has revealed that state-owned entities (SOEs) have defaulted in paying some GH¢1.32 billion owed the Ghana National Petroleum Corporation (GNPC) — an act which the committee warns would negatively impact on the company’s operations. The Committee in its assessment of the 2018 PIAC Semi-Annual Report on the…
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Nsano, IT Consortium awarded Remittance Grant Facility support
Two companies, Nsano Group and IT Consortium, were on Wednesday awarded a grant of $478,180 under the second phase of the Remittance Grant Facility (RGF) challenge. The companies received various sums based on their project proposals and their ability to raise the 50 percent counterpart funding needed for their respective projects. The beneficiary companies…
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Removal of 50,000 ‘ghost’ names to save GH¢250m
Government is expected to save 250 million cedis this year as it commences processes to clean the public sector payroll. The amount to be saved from the directive also affects about 50,000 public sector workers. The development has been informed by two actions; one that led to the removal of 26,589 public sector workers’ names…