Archive for Business

  • November 14, 2019

    Expect more...

    A professor of Economics, Prof. William Baah Boateng has urged the government to brace itself for more pressure ahead of the 2020 elections. Although he expects the government to manage the economy through prudent spending, Prof. Baah Boateng said huge demands from various quarters during such periods are likely to...

  • November 14, 2019

    Revenue targets...

    A Research Fellow with the Institute for Fiscal Studies, Dr. Adu Owusu Sarkodie, has described as overly ambitious the Government’s revenue targets for 2020. The Finance Minister in the budget statement said the government is aiming at increasing the tax-to-GDP ratio from 13 percent to 20 percent in 2020. This is after the government’s...

  • November 14, 2019

    Dr Felix...

    CEO of Holy Trinity Medical Centre, Dr Felix Anyah, picked up two laurels at the 2019 Ghana Business Quality and Pride Awards. Held on Saturday, November 9, at the Mövenpick Ambassador Hotel, Accra, the glamorous ceremony saw the celebrated healthcare entrepreneur receive the Healthcare Business Icon Award 2018 (Pride of Volta) as...

  • November 14, 2019

    GPHA ‘rejects’...

    The Ghana Ports and Harbours Authority (GPHA) says a JoyNews report alleging revenue losses at Tema and Takoradi Ports to the tune of over $100 million, is false. The Authority has also rejected the claim that 895.519 tonnes of clinker said to have been imported in 2018 fell short of expectation,...

  • November 14, 2019

    PDS: Government...

    As is now widely known, the concession agreement between the Government of Ghana (GoG) and Power Distribution Services Ghana Limited (PDS) has been terminated by the GoG. Under the agreement, PDS was to manage the staff and assets of Electricity Company of Ghana (ECG) for 20 years, making new investments...

  • November 13, 2019

    2020 Budget...

    The much-anticipated 2020 Budget which will be laid before Parliament today is expected to be heavy on tax reforms meant to create the platform to further enhance private sector growth. As a result, the budget will review the whole tax structure to create the right environment that will enable players...

  • November 13, 2019

    SEC lists...

    The Securities and Exchange Commission (SEC) will begin accepting relevant documents for the validation of investment claims on November 18, 2019, following the revocation of the licenses of 53 Fund Management Companies. In a statement, the SEC said designated branches of Consolidated Bank of Ghana Limited (CBG) will open to receive the claims...

  • November 13, 2019

    Ofori-Atta to...

    The final budget statement and financial policy of the Akufo-Addo administration will be delivered in Parliament today, Wednesday by the Minister of Finance, Ken Ofori-Atta, ahead of 2020 general elections. Recent election years have been marked by overspending as the country exceeded its budget deficit targets. For the last election year,...

  • November 12, 2019

    Banking sector...

    A Senior Research Analyst with the Institute of Fiscal Studies (IFS) Dr Saeed Boakye says the banking sector cleanup by the government was poorly planned. According to him, the process was not carefully thought through hence the seeming tension in the industry and government’s inability to refund customers monies. “I have...

  • November 12, 2019

    Chinese Vice-Premier...

    A Vice-Premier of the People’s Republic of China, Ms Sun Chunlan, has lauded President Nana Addo Dankwa Akufo-Addo’s leadership style, which has culminated in reforms, growth of the economy and improvement in the lives of Ghanaians. She said stability and development had become the proud highlights of the Ghanaian government...

  • November 12, 2019

    Securities Association...

    The Ghana Securities Industry Association (GSIA) wants the Securities and Exchanges Commission to provide clarity on the processes put in place for customers who invested their monies in the 53 fund management companies whose licenses had been revoked to retrieve their investments. This, the Associations says, will help minimise the...

  • November 12, 2019

    No more...

    An economist and research fellow with the Institute for Fiscal Studies (IFS), Dr. Adu Owusu Sarkodie is admonishing government to focus more on domestic revenue mobilisation as it prepares to present the 2019 Budget Statement and Fiscal Policy to Ghanaians on 13th November 2019. According to him, revenue generation is one...

  • November 12, 2019

    Banking crisis...

    The Securities and Exchange Commission (SEC) has distanced the recent revocation of the licenses of the 53 fund management companies from the banking sector shake-up stating that the latter is not responsible for the current happenings in the securities sector. According to SEC, although some collapsed fund managers had their...

  • November 11, 2019

    Ghana now...

    Senior Minister, Yaw Osafo Maafo, has raised concerns about the high levels of importation of goods into the country. In 2018, a total of USD1.35 billion was spent on the importation of rice into Ghana. Currently, flowers are being imported into the country thrice a week, a situation the Senior...

  • November 11, 2019

    Hundreds to...

    The Securities and Exchange Commission’s (SEC) decision to withdraw the licenses of struggling fund managers has immediately rendered 249 people jobless; a figure which could exceed 1,200. Although the SEC mass shutdown exercise involved 53 fund management companies, 21 firms had already ceased operations with the remaining 32 still in operation at the...

  • November 10, 2019

    Singapore’s Senior...

    Senior Minister and Coordinating Minister for Social Policies of Singapore has shared some four strategies for Africa’s transformation. African governments must invest more in social foundations like health and education, focus on specialization as continental free trade kicks in, maximize coherence and effectiveness; and think in the long-term to maximize the benefits of...

  • November 10, 2019

    Akufo-Addo awards...

    President Nana Addo Dankwa Akufo-Addo has awarded a GHC30 million funding package to a total of 3000 entrepreneurs selected from across the 16 regions of Ghana to help scale-up their businesses. The beneficiaries were selected from among 19,000 young entrepreneurs who have received training to build their capacity in the...

  • November 9, 2019

    AirtelTigo to...

    Chrismas has come early for customers of AirtelTigo as they stand to win 60 smartphone phones ahead of this year’s festive season. The telecom company is rewarding its loyal customers with 60 smartphone phones for their loyalty through a promotion dubbed “60 days/60 phones”. The promotion is a general knowledge trivia...

  • November 9, 2019

    Persons behind...

    The Securities and Exchange Commission (SEC) has said that persons whose actions and inactions resulted in the collapse of Fund Management Companies in the country will be banned from operating in the Capital Market for five (5) years. The Commission said the indicted persons could include past officers and shareholders...

  • November 9, 2019

    Uber, Bolt...

    The Driver and Vehicle Licensing Authority (DVLA), has imposed a GH¢60 annual fee on drivers who use ride-hailing platforms such as Uber, Yango and Bolt. The fee, forms part of new guidelines the Authority has introduced together with the Ministry of Transport, National Road Safety Commission, the MTTD of Ghana...

  • November 8, 2019

    Marriott Hotel...

    Accra Marriott Hotel is the proud recipient of four Awards at the 8th Annual Ghana Customer Service Awards for Excellence in Customer Service in Ghana. The hotel’s Red Red Restaurant won Best in Customer Service, Restaurant of the Year 2019 -2020, George Owusu, Bar Attendant at the hotel won Customer Service...

  • November 8, 2019

    Poverty rate...

    The Director General of the National Development Planning Commission (NDPC), has said Ghana’s poverty reduction strategy has made some strides as the country’s poverty rate dropped to 23 per cent in the last 27 years. Much of this progress, Dr Kodjo Mensah-Abrampah, said, was between the periods of 1992 to...

  • November 8, 2019

    We expect...

    The Chairman of the finance committee of Parliament Dr. Mark Assibey-Yeboah says he does not expect the finance Minister Ken Ofori-Atta to announce any new taxes in the 2020 budget to be presented next week Wednesday. According to the New Juaben South MP, The Akufo-Addo administration is a caring government...

  • November 8, 2019

    3000 entrepreneurs...

    Government has advanced a total of thirty million Ghana Cedis (GHc 30,000,000) funding package to about three thousand (3,000) young entrepreneurs to help propel their businesses to higher heights and thereby create job opportunities for others. President Akufo-Addo made this known at the Jubilee House when he addressed beneficiaries of...

  • November 8, 2019

    Baffour Awuah...

    The Medical Director of Komfo Anokye Teaching Hospital, Dr. Baffour Awuah, has been appointed Director-General of the Ghana Health Service. According to a letter dated November 5, 2019, and signed by Executive Secretary to the President, Nana Bedietuo Asante, Dr. Awuah will head the GHS in an acting capacity “…pending receipt...

Page 1 of 51