BUSINESS

Public sector workers should exhibit the highest sense of professionalism in their line of duty, Dean of the Centre for International Education and Collaboration at the University of Professional Studies, Accra (UPSA), Professor Goski Alabi, has said. According to her, the phenomenon where public sector workers, especially auditors, cover up misappropriations, is an insult to the profession. Speaking at the ...

The Food and Drugs Authority (FDA) says the Farmers Deli Vienna product is infested with the dangerous listeriosis and has therfore warned Ghanaians not to patronise it. Listeria monocytogenes is typically a food-borne organism which causes the illness called listeriosis and can grow and reproduce inside the host cell. “The FDA would like to alert the general public that “FARMERS ...

The perennial clashes between nomadic Fulani herdsmen and crop farmers in the Kintampo North Municipality are to be reduced with the establishment of fodder banks. The attendant deaths and casualties as a result of the perennial clashes, would therefore soon be a thing of the past. This will lead to economic benefits as a result of developing tamed-rotational grazing parks ...

Principals in the insurance industry have resolved to provide insurance cover for cyber-based risks most businesses encounter in the country. Vice President of Ghana Insurance Brokers Association, (GIBA), Shaibu Ali said, “The amounts of monies that have gone in terms of cyber-based losses are huge. So it is necessary that we start to talk about this so that we position ...

The Supreme Court has ordered the Commission on Human Rights and Administrative Justice (CHRAJ) to file a response within 14 days in a case in which the Finance Minister Ken Ofori Atta has been sued over the $2.25 billion bond issue. The Supreme Court noted that it will commence hearing the case if CHRAJ fails to file a response. This ...

As at Wednesday morning, former directors of the defunct UT Bank were yet to appear before the Economic and Organized Crime Office (EOCO), despite a public summons. Speaking to Citi News’ Umaru Sanda Amadu, the Executive Director of EOCO, K. K. Amoah, said the directors in question had until 5:00pm today to report. Without providing details, he said his team ...

The Tema Division of the Ghana Revenue Authority (GRA) has locked up the African Cargo Central Limited at the Tema Port for tax evasion. The Clearing Agency Company defaulted in tax to the tune of GH¢2.3 million thus the action, the Chief Revenue Officer, Debt Management, Compliance and Enforcement Unit of GRA, Rev. John Boabeng said during the exercise. The ...

A former Managing Director of the GCB Bank, Mr Simon Dornoo, is to lead a team of experts from accounting and auditing firm, KPMG to revive and stabilise uniBank Ghana Limited. The revival is to help bring the bank, which was declared insolvent by the Bank of Ghana on March 20, “back to regulatory compliance.” KPM, the official administrator of ...

Economist Professor John Gatsi has said Ghanaians will see more borrowing by the government if prudent measures are not adopted going forward. His claim comes on the back of concerns over the rate of government borrowing and the rising public debt. Ghana’s Public debt has hit 142.5 billion Ghana Cedis as of December last year. This was contained in the ...

Vice President of the Republic of Ghana, Dr. Mahamudu Bawumia, has asserted that some people are still puzzled by the economic gains chalked by the NPP government. According to him, some Ghanaians are still at sea as to how government, under the leadership of President Akufo-Addo, has been able to shoot up the economy from 3.6% to 7.9%, despite inheriting ...