BUSINESS

About ten staff of the Social Security and National Insurance Trust [SSNIT], have been dismissed in the last few months for possessing fake certificates. The Director-General of SSNIT, Dr. John Ofori-Tenkorang, who made the revelation on the Citi Breakfast Show on Thursday said the ten were fished out when their certificates were vetted. “We had people who were in the ...

Some four officials of the Social Security and National Insurance Trust (SSNIT) including the former Director General, Ernest Thompson have been charged with wilfully causing financial loss to the state. Their indictment is as a result of an investigation by EOCO on the procurement of an ICT Software costing $72 million. The Company Secretary of SSNIT speaking during a press ...

Former workers of defunct domestic banks, Capital and UT, are rejecting claims that they pledged their End of Service Benefit (ESB) and Provident Fund (PF) for loans at the banks while working. The former workers in a statement argued that the funds must be released to them since it is their personal contributions made through an arrangement for monthly deductions ...

Ibrahim Mahama has said he has nothing to fear following the appointment of a Special Prosecutor, who is to go after corrupt persons. The brother of former president John Mahama, who is considered one of the wealthiest figures in Ghana, said he made his money through legitimate means and never took advantage of his sibling being in power to milk ...

Ghana has lost its mantle as the African economy likely to grow the quickest this year to Ethiopia, which has held the position for most of the past decade, according to data from the International Monetary Fund. West Africa’s second-biggest economy is expected to expand 6.3 percent this year, the IMF said in its World Economic Outlook released Tuesday. That’s ...

The former CEO of Gridco, Ing William Amuna, has disclosed Ghana for the past few days exports power to Ivory Coast, Benin and Togo. “Through our collective effort, we have been able to restore electricity supply to Ghana. Today, we have over 25percent of our installed capacity on standby and we do not import power,” he said Tuesday at an ...

Members of the Adansiman Progressive Association are asking the government to review its agreement with Anglogold Ashanti (AGA) as the company prepares to resume operations in Obuasi. The group comprising chiefs, opinion leaders and the youth say the current agreement will be to the disadvantage of the town which has seen little development despite 121 years of mining in the ...

Tullow Oil has indicated that it plans to end its routine shutdowns on the Jubilee FPSO by the end of this year. The London-based oil firm expects to shut down production from its Jubilee field offshore Ghana three times during 2018 to enable the completion of the FPSO repair works. According to Mr Awotwi, there would be two more shutdowns ...

The Government of President Nana Akufo-Addo is reviewing a number of regulations governing the Information Communication Technology (ICT) sector in order to free up the innovative talent and capabilities of already existing and start-up companies. The review would, among other objectives, also aim to make it easier to enter and invest in the sector in order to support the government’s ...

Five oil companies that under-declared or failed to declare returns on fuel they loaded at the Tema Tank Farm (TTF) this year have been suspended by the National Petroleum Authority (NPA) until they are able to reconcile their figures and revert to the NPA for final determination of their cases. They are Union Oil Ghana Limited, Misyl Energy Company Limited, ...