BUSINESS

The Deputy Majority Chief Whip has admitted government has struggled to meet its revenue target in the first year of the Nana Akufo-Addo government but maintains the government has not reneged on its promises. On the contrary, Martin Nyindam said the government has delivered on its major campaign promises and cited the flagship free senior high school policy, as well ...

In March 2017, the Minister of Finance, Mr Ken Ofori-Atta, presented the budget for the 2017 fiscal year which was dominated by tax reforms aimed at growing the private sector and debt management measures to create fiscal space for spending. Other policies in the 2017 budget includes, One Village One Dam, One District One Factory, Free Senior High School Education ...

Castle Gate Estate Limited, an indigenous privately-owned real estate company, has signed a sale and purchase agreement with IDES Limited for the purchase of 150 units of its brand of uncompleted houses. The handing-over ceremony took place in their plush Dzorwulu office in Accra. Speaking to journalists after event, Mohammed M. Ibrahim, leading the new brand of management for the ...

The Minority in Parliament will today, November 13, hold a roundtable discussion on the 2018 budget and the economic outlook of the country. The Minority spokesperson on finance, Cassiel Ato Forson says the program is aimed at offering alternative solutions to the country’s economic challenges. It comes ahead of the 2018 budget which will be presented in Parliament by the ...

Managers of the country’s historic energy sector bond have justified the interest expected to be paid on the E.S.L.A PLC paper. This follows reports that they could not get the targeted amount because of the price offered to investors. But in a response to set of questions sent by some journalists to the managers, they maintain that “price is an ...

The Parliamentary Select Committee on Communications is questioning how Busy Ghana got a 4G authorization through the back door when other players paid millions of dollars for their 4G licenses. The law makers raised the question at a recent meeting with the leadership of the Broadband Communications Chamber (BBCC), where issues about sanitizing the 4G space and strengthening local content ...

The Central Bank has said untrained staff in the banking sector and the high cost of borrowing are major causes of rising loan default. Non-performing loans in the sector currently stand at 14.2 percent high, above the accepted benchmark of 5 percent. According to statistics from Rural Banks Performance Report as at March this year, 98 out of the 121 ...

lack Stars captain Asamoah Gyan is venturing into the aviation industry having successfully operated in the transport, boxing and detergent sectors. Popularly known as “Baby Jet”, the Ghana striker has obtained the requisite licenses to operate Baby Jet Airways. President Nana Addo Dankwa Akufo-Addo made the disclosure when he opened the first Aerospace and Aviation Exhibition of West Africa, dubbed ...

Vice president Alhaji Dr Mahamudu Bawumia has left Accra for Vienna, Austria to participate in the World Bank Group’s Investment Competitiveness Forum, to be held from October 25-27, 2017. A statement issued by the Bank indicated that Ghana has been selected to be a Founding Member of the Investment Reformers Network, which will be inaugurated at the Forum. “For a ...

Ghana’s financial market has low local participation compared to its peers in some African countries, the maiden Africa Financial Markets Index launched in Washington D.C has revealed. The finding was after a research by independent think tank OMFIF and Barclays Africa Group. What is Africa Financial Markets Index? The index tracked performances of financial markets in 17 African countries on ...