BUSINESS

The Ghana Ports and Harbours Authority (GPHA) has expressed worry about the frequent breakdown of the Ghana Community Network Services Limited (GCNet). According to the Authority, the situation was affecting smooth operations at the ports, leaving importers and stakeholders mostly frustrated. Emmanuel Ashaley Neequaye, Terminal Supervisor at the GPHA, who was speaking to a section of journalists at the sidelines ...

The Executive Director of the Institute for Democratic Governance (IDEG), Dr Emmanuel Akwetey, has lauded government’s ability to secure a US$19 billion aid to boost the economy. “The man who goes to China for three days and brings US$19 billion to our economy, let’s give him a round of applause,” he said in congratulating Vice President Dr Mahamudu Bawumia. He ...

Local pharmaceutical giants have expressed their fear of serious health implications following the decision of the United Kingdom (UK)-based pharmaceutical company, GlaxoSmithKline (GSK) Export Ltd, UK, to terminate its distributorship contracts for its pharmaceuticals with them in favour of Worldwide Health Ltd (WHL), a wholly Indian-owned company operating in Ghana. The local companies fear that the distribution of several critically ...

Ghana is set to receive some $116 million under its three-year programme with the International Monetary Fund (IMF) this month. This will be after the IMF Board gives its approval when it meets this month to review the country’s performance under the programme. The Board is also expected to officially confirm Ghana’s request for the extension of the programme from ...

Government is in the process of reviewing all Internally Generated Funds in the country. As a result, the Finance Minister, Ken Ofori Atta has put together a committee to look into the existing policy which allows Ministries, Departments and Agencies to charge fees for certain services. These fees go into funding the operations of these MDAs. The review forms part ...

Fresh details emerging from the sale of contaminated fuel by the Bulk, Oil, Storage and Transportation (BOST) have revealed that the firm at the center of the saga – Movenpiina oil – sold two million litres of the contaminated oil to another unlicensed firm called Macwest A letter intercepted by Starr News reveals the transaction took place two weeks before ...

The Ghana Revenue Authority (GRA) has commenced the application of the 3% VAT Flat Rate to replace the previous 17.5% Input – Output VAT computation approach effective July 1, 2017. The old approach, which suffered low compliance due to the extensive paperwork in filing VAT returns is being replaced with the 3% Flat Rate to make it easier for tax ...

TAP operation between Lisbon and the cities of Bucharest and Budapest has begun. These destinations are now back to the destinations map of the Portuguese Airline, and joins the 44 international European destinations already served by TAP. Flights between Lisbon and Bucharest will operate six times a week, on A319 and A320 aircraft, will depart from Lisbon in the first ...

The US-Africa Business Centre has released its maiden Investor Confidence Indicator for Africa (ICIFA) in Washington, ranking Ghana among the best countries in Africa in terms of convenience of doing business. Ghana’s overall score was 59.4 per cent which placed it in the first quartile of overall performers in Africa. The report, which was released on June 12, is a ...

The increasing levels of e-commerce and cross border trade among countries highlight the crucial need for data-driven decision making in border management, Mrs. Aba Lokko, Communications Manager of GCNet, has said. Mrs. Lokko shared this thought on big data and border management after her participation in the 2017 World Customs Organisation (WCO) IT Conference and Exhibition held in Tbilisi, Georgia. ...