BUSINESS

Senior Minister, Yaw Osafo Maafo, has said lack of a good property rate collection system is adversely affecting domestic revenue mobilization. Speaking with Joy Business, Mr Osafo Maafo said the government would look out for innovative ways to increase revenue from property rate collection in 2018. He thinks property rate collection will be a significant contributor to the nation’s purse ...

President and Chief Executive Officer (CEO) of Groupe Nduom (GN), a multinational conglomerate, Dr Papa Kwesi Nduom has hinted that GN will soon bring on stream a new company to take care of the automobile industry in the country. He said, “if everything works according to plan, then, GN Automobile Centre which is located at Elmina in the Central Region ...

The Ghana Highways Authority (GHA) is set to introduce a point of sale devices at toll booths in the country. A point of sale device is an electronic gadget used to process payments at retail locations by recording transactions done and printing out a receipt. The device based on traffic counts would enable tracking of tickets sales sold at any ...

The private sector alone cannot meet the yawning need for social housing in Ghana, the CEO of Ghana Home Loans (GHL) Bank, has said. Mr Dominic Adu says the private sector which is mainly profit-driven, will only work to address private sector needs. He said there is, therefore, an urgent need for government intervention to help raise funds for institutions ...

Over four hundred (400) beneficiaries of Youth Employment Agency (YEA) in the Atwima Nwabiagya District of the Ashanti Region have served notice of a demonstration against the management of YEA over 7 months unpaid allowances. The beneficiaries include Community Health Nurses, Community Police, Teaching Assistance, Fire and Forestry officers. The concerned beneficiaries speaking in an interview with Abusua fm’s Osei ...

The Ghana Stock Exchange (GSE) on Wednesday said it was taking actions against some non-performing listed companies in line with its listing rules for poor financial performance and inability to hold annual general meetings. In a statement the GSE said the move was to protect investors and to ensure an orderly market. It said one of the companies, Golden Web ...

The Private Enterprise Federation (PEF) has advised the government to diversify the country’s energy production. According to PEF, it is important for government to tap into other solutions such as renewable energy to provide the private sector affordable and sustainable energy. “We think that we are depending on one angle of energy production or two; hydro and then the thermal. ...

The Bank of Ghana (BoG) has given an indication that it may not license new banks in 2018. According to the central bank, the move is to help facilitate strict measures to implement the new capital requirement of 400 million cedis in 2018. Speaking at an event in Accra, the Governor of the Bank of Ghana, Dr Ernest Addison explained ...

Tunisia has banned Emirates airline from landing in the capital Tunis after a number of Tunisian women were prevented from boarding its flights. The move comes amid widespread anger in Tunisia, with rights groups condemning “racist and discriminatory” measures. The transport ministry said the measure would stay in place until Emirates was able to “operate flights in accordance with law ...

Bitcoin plunged on Friday, extending a fall that saw the crypto-currency lose almost a third of its value from a record of nearly $20,000 (£15,000). The crypto-currency’s price dipped below $11,000 on Friday, according to the Coindesk exchange website, before recovering to above $13,000. Amid the swings, three Bitcoin-related exchanges suspended certain trades. But since Sunday Bitcoin has been on ...