HomeBusinessBusiness

Business

Ghana won’t return to IMF after current programme – Akufo-Addo

Government is working hard to build a strong and resilient economy to avoid a return to the International Monetary Fund (IMF) for financial bailout...

Boliden to increase market share

One of the world’s most trusted batteries, Boliden has marked its 30th milestone with a dealer’s seminar in Accra after a successful spell.Chairman of...

BoG Governor must resign – Adongo

Member of Parliament for Bolgatanga Central constituency in the Upper East Region, Isaac Adongo says the Governor of the Bank of Ghana, Dr. Ernest...

VIDEO: Stop being armchair collectors – Tax Experts tell GRA

Tax experts have urged the Ghana Revenue Authority (GRA) to be proactive in collecting taxes in the country.According to the tax experts, GRA’s monitoring...

Prove yourself in 60 days or get fired – Consolidated Bank tells staff

Staff of the newly-established Consolidated Bank will have their employment assessed after a 60-day period to determine whether they are to continue working with...

Menzgold tells PMMC to stay off after telling BoG to shut up

Menzgold Company Limited has disputed claims by the Precious Minerals Marketing Company (PMMC), that it is violating the law in its trade of gold in the...

Menzgold not licensed – PMMC reveals

Precious Minerals Marketing Company (PMMC) says Menzgold Company Limited is not licensed to either buy or sell gold.The Managing Director of the Company, Kwadwo...

How Capital Bank put BoG in their pocket to get a licence without cash – Report

Perhaps tired of being a Savings and Loans company after three years, ambitious shareholders of First Capital Plus planned to become a bank but...

ICAG to investigate auditors of collapsed banks

The Institute of Chartered Accountants, Ghana (ICAG) has begun an enquiry into the role of auditors in the collapse of seven banks within the last...

FABEWOSO: Tax Expert shocked at GRA’s laxity in chasing tax evaders [Video]

A tax expert, Mr Kwasi Asare says he is shocked at how the Ghana Revenue Authority (GRA) appears unperturbed by the number of companies...

‘Insensitive’ BoG should leave us alone – Menzgold ‘ignores’ public notice

An August 6 public notice issued by the Bank of Ghana cautioning the public against doing business with Menzgold Company Limited has angered the commodity...

We’re coming after you – Bank of Ghana to Menzgold

The Bank of Ghana (BoG) has issued a public notice that it is in discussions with relevant regulatory authorities to sanction Menzgold Company Limited...

AMERI deal: VRA staff wants Boakye Agyarko sacked

Staff of the Volta River Authority (VRA) are calling for the immediate removal of Energy Minister, Boakye Agyarko over the revised AMERI deal.According to...

Postponing ban on fishing risky – Prof Yankson

The chairman of the scientific and technical working group of sustainable fisheries management project has described government’s decision to postpone the closed season for...

Money laundering: BoG places GH¢60,000 fine on banks, others

Banks and Specialised Deposit Taking Institutions (SDIs) that fail to comply with the central bank’s Anti-Money Laundering regulations risk paying as much as sixty...

This year’s ban on fishing postponed to 2019

Cabinet has decided to postpone the one month ban on all fishing activities in Ghana, which was expected to start August 7, 2018 to...

Directors of 5 closed banks face possible ban from working in financial sector

The former directors of the five banks which were closed down by the Central Bank on Wednesday may struggle taking up new jobs in the banking...

We’re sticking to 5-year BOOT deal – AMERI to government

Dubai-based power company, AMERI Energy, says it is committed to the five-year Build, Own, Operate & Transfer (BOOT) deal it signed with the previous...

5 Collapsed Banks: Be ready for job loses – John Boadu envisages

The announcement of the collapse of Beige Bank, Royal, Unibank, Construction and Sovereign Banks by the Bank of Ghana (BoG) leading to the emergence...

VIDEO: 2 Ex-staff of failed bank die as over 800 languish in poverty

A former staff of defunct Capital Bank has recounted the painful story of how two of his former colleagues lost their lives due to...

This year’s ban on fishing postponed to 2019

Cabinet has decided to postpone the one month ban on all fishing activities in Ghana, which was expected to start August 7, 2018 to...

Government to tax tobacco, alcohol to fund NHIS

The National Health Insurance Authority (NHIA) has proposed new taxes on tobacco and alcohol from next year to raise further revenue to finance the...

We manage risk; we don’t prevent banks from collapse – BoG

Head of Banking Supervision at the Bank of Ghana (BOG) says his department cannot be blamed for the collapse of the five banks.According to...

VIDEO: BOG Merger: People will soon save under their beds – NDC Man

Former Member of Parliament for Ablekuma Central, Theophilus Chaie Tetteh says the Central Bank is responsible for the collapse of financial institutions in the...

BOG officials who issued fraudulent licenses to be dealt with – BOG

The Bank of Ghana says officials who issued fraudulent licenses to three of the banks which were merged by the Central Bank to operate...

GTBank partners Students Loan Trust Fund to launch “Repayment at Your Fingertips” campaign

The management of the Students Loan Trust Fund (SLTF), in collaboration with GTBank has launched the “Repayment at Your Fingertips” campaign.The campaign will enable...

Tax on Luxury Vehicles takes effect from August 1

The Ghana Revenue Authority (GRA) the implementation of the law to levy vehicles with high engine capacities takes effect from Wednesday, 1st August 2018.Under...

Ghana’s ports to serve landlocked countries

The government has announced plans to implement the “First Port Duty Rule” in Ghana’s ports by the end of the year to tackle increasing...

CID stops GH₵326m bank theft

The Financial Forensics Unit (FFU) of the Criminal Investigation Department (CID) of the Ghana Police Service has arrested 12 suspects in the biggest ever...

AUDIO: We can no longer work with “autocratic” Carlos Ahenkorah – GUTA to Akufo Addo

The Ghana Union of Traders Association (GUTA) have served notice to President Akufo-Addo that they can no longer work with the Deputy Minister of...

Carlos Ahenkorah, GUTA on collision course

Deputy Minister of Trade and Industry, Carlos Ahenkorah, has asked members of the Ghana Union of Traders Association (GUTA) to tread cautiously in attempting...

Our policies have provided relief in the pockets of many ordinary Ghanaians – Dr Bawumia

The various interventions and initiatives implemented by the Nana Akufo-Addo government have provided financial relief for many ordinary Ghanaians, the Vice President of the...

Eko Sii Sen: “One district, One factory” is real – National Coordinator

The National Coordinator of the 'One District, One Factory' secretariat, Gifty Ohene-Konadu says government’s One District, One Factory (1D1F) policy is real.According to her,...

Aliko Dangote arranges $4.5b of financing for oil refinery

Africa's richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his Nigerian oil refinery project and aims to start...

16 banks left to their fate over minimum capital

The sixteen (16) banks yet to meet the minimum capital requirement will have to expedite processes to tap into available options before the December...

PHOTOS+AUDIO: Midland saga: Customers besiege premises to withdraw monies

Scores of customers of Midland Savings and Loans Company have besieged the premises of the Shiashie branch of the firm to withdraw their monies.The...

Soilless vegetable production introduced in Upper East

Soilless Vegetable Production, a new technology of producing hygienic and large quantity vegetables without the use of soil has been introduced to two farmer...

New tax bills laid in parliament

Existing bills which need amendment and a new bill to encompass the newly-imposed taxes have been laid before parliament.Government is seeking an amendment to...

Finance Minister lied to us over VAT increase – Ato Forson

The Minority spokesperson on Finance, Ato Forson, says...

If you earn GHC10,000+, prepare to pay 35% personal income tax – Ofori-Atta

Ghanaians who earn GHS10,000 or more will, henceforth, pay 35% of their salary as personal income tax, Finance Minister Ken Ofori-Atta, has said.He told...