BUSINESS

The UN Special Rapporteur on extreme poverty and human rights, Philip Alston, will visit Ghana from 9 to 18 April 2018 to examine the government’s efforts to address poverty through the lens of international human rights law. “It is widely recognised that Ghana has made great strides in poverty eradication over the past two decades, but government statistics indicate that ...

All is set for the establishment of a US$2.2million pepper processing factory under the auspices of the ‘1D1F’ initiative at Tuobodom, the district capital of Techiman North in the Brong Ahafo Region. To that effect, the Techiman North District Assembly has allocated a ten-acre parcel of land to host the agro-processing factory. The enterprise will be constructed and managed by ...

Some indigenous universal banks have made a passionate appeal to the President to intervene to ensure that the Bank of Ghana (BoG) extends its December 2018 deadline for local banks to recapitalise from GH¢120 million to GH¢400 million to next four years. According to the banks which have come together to form an association christened: The Association of Indigenous Universal ...

Local private businesses were the worst culprits in repaying loans taken from commercial banks for 2017. According to the Bank of Ghana, the businesses constituted 80.6 percent of loan default attributable to the private sector for last year compared to the estimated 7.9 percent of loan default attributable to the private sector, recorded by foreign businesses. This is among the ...

An oil and gas policy think tank, Centre for Natural Resources and Environmental Management (CNREM), has alleged that Ghana lost about $902.45 million in the oil sector because some of the oil companies paid less taxes and royalties to the country. According to the centre, although the oil resource is in Ghana, the county makes less than 20% of the ...

The Ghana Revenue Authority has said it will enforce the laws regarding the Taxpayer Identification Numbers (TIN) to the letter. A Taxpayer Identification Number is a unique number generated by GRA for persons including corporate entities upon application. The GRA as part of its operational standards pledges to generate the number within 48 hours upon application accompanied with a valid ...

The Minority in Parliament is demanding the withdrawal of the appointment of Databank as advisors to the Finance Ministry and the Bank of Ghana in the issuance of public debt transactions. The opposition MPs argue that the Finance Minister Ken Ofori-Atta is compromising himself by appointing Databank to replace Strategic African Securities in the issuance of government securities. In a ...

Hundreds of customers of Zenith Bank joined management and staff of the Bank to embark on a health walk to promote the importance of exercise in the corporate world. The walk dubbed “Together we aspire…walk for health” started from the El Wak Stadium through to some streets of Accra and back to El Wak. In attendance was first Vic President ...

The Minister for Information, Dr. Mustapha Hamid is optimistic of a brighter future as the economy reacts positively to government policies and initiatives. Dr. Hamid said the records clearly show that the economy is getting stronger, despite government inheriting a wobbling situation from the previous Mahama administration. In a post on his facebook to mark the full 12-month cycle of ...

The Jubilee FPSO Kwame Nkrumah is expected to be shut down in May this year for a general routine maintenance exercise. Deputy Minister of Energy and Petroleum Dr. Muhammed Amin Adam, in a briefing, after a working visit on the FPSO, informed journalists the temporary shutdown of the oil and gas production vessel is to ensure a long term solution ...