BUSINESS

Power Distribution Services (PDS) says it has lost about GHc86 million in the Lower Manya Krobo Municipality over the non-payment of bills by customers in the last five years. PDS’ concerns come amid the unrest in the municipality as it engages in a mass disconnection exercise. The Tema Regional General Manager of the PDS, Joseph Mensah Forson, highlighted some of ...

GOIL has revealed said it is going to cost the company about US$25 million in the next five years as the local partner in Exxonmobil’s Deep Water Cape Three Points’ oil exploration programme. According to Goil, this will be done through its wholly-owned subsidiary, GOIL Offshore Company Ltd. Speaking at GOIL’s 50th Annual General Meeting (AGM) in Accra on Thursday, ...

Tullow Plc has announced the payment of US$67 million as dividend to its shareholders for the year 2018 — the first time in four years. The company also announced a new dividend policy which will allow it to pay a dividend of US$100 million annually to shareholders. Chief Executive of Tullow Group, Paul Mcdade said the decision to pay dividend ...

The High Court judge presiding over the case in which the owners of uniBank are contesting the revocation of the bank’s license has ordered arbitration proceedings to commence on whether the decision to place the bank into receivership breached the law. The judge, Justice Jennifer Abena Dadzie, appointed an arbiter, former Supreme Court Judge, Prof. Date-Bah, to preside over the ...

Chief Executive of Vodafone, Patricia Obo-Nai has charged brands not to betray their core values and essence if they are to stay relevant in the current digital age. The age of digitalisation is changing everything. Innovative disruption is wielding a strong authority in the marketplace; changing the way customers think and approach purchase and loyalty. Before the age of digitalisation, ...

President of the Republic, Nana Addo Dankwa Akufo Addo has stated that the decision of his government to reform the Banking sector of the country has paid off greatly as a result of the strong signs of growth the banking sector is currently experiencing as at the first quarter of 2019. Speaking at the turn of the formal opening of ...

The Customs Division of the Ghana Revenue Authority is offering an opportunity to importers whose import duties were determined just before the reduction in benchmark values to re-present their documents for revaluation. The measure means that people whose goods have not yet been cleared can enjoy lower duties. The Customs Classification and Valuation Report (CCVR) covers the values of imports ...

The government is set to roll out a cashless system in its operations after a pilot of the programme yielded good results. Vice President Mahamudu Bawumia told patrons at the 4th Ghana CEO Summit Monday that, the electronic payment system at the Tourism Ministry has increased revenue by four-fold. Stating the intent to extend it to other state agencies, Dr. ...

The Institute for Energy Security (IES) has predicted prices of fuel will remain stable at the pumps as a result of the strength of the Cedi. In its second-window pricing report for May, the IES also noted some oil marking companies are likely to reduce prices too. “The Cedi’s appreciation against the U.S Dollar could render the marginal increment in ...

PThe Honda Place Ghana has launched its latest brand new sleek crossover, the Hi-rider Revolutionary vehicle (HR-V) in Accra. The car completes Honda Motor Company’s range of the Sports Utility Vehicle (SUV) on the automobile market. The five-seater HRV which is available in the Lx and Ex grades has standard features like a 16-Valve SOHC i- VTEC, with a maximum ...