BUSINESS

Private enterprises have lauded the tax free holiday policy for startups effective this July. Business Development Minister, Mohammed Ibrahim Awal explains that the move forms part plans to reduce the cost of doing business in Ghana and encourage private sector development. The NPP government has already abolished some eight taxes and reviewed four others in a bid to bring relief ...

The Bank of Ghana (BoG) has backed moves for laws to compel the Minerals Commission to submit data on export proceeds from gold to guide the tracking of export receipts. The central bank believes this will prevent possible instances of under-invoicing by some gold exporters. The comment also follows concerns raised by some members of Parliament’s Public Accounts Committee (PAC) ...

An alleged corrupt scandal at the Venture Capital Trust (VCTF) has caused the Bureau of National Investigation (BNI) to open investigations. According to the Daily Guide newspaper, the Development Assistance Fund (DAF) and the Special Purpose Vehicle (SPV) created under the VCTF to give funding access to Small and Medium Scale Enterprises (SMEs) were allegedly used as an avenue to ...

Business Development Minister, Mohammed Awal, has assured Kenyan investors that the current government is committed to towards securing a win-win situation for every investor in Ghana. He said the Government has introduced measures to stabilise the local currency and reduce significantly the cost of borrowing. These measures, he observes, include tax cuts such as the abolishment of the 5 % ...

Finance minister Ken Ofori-Atta has refuted claims that the government is rushing to end the International Monetary Fund (IMF) bailout programme due to borrowing restrictions. Government entered into the bailout programme to among other things, ensure fiscal discipline and cut down on government’s borrowing space. Earlier this year, the government announced it will not continue with the IMF programme when ...

Organised Labour will on Wednesday, April 26, hold a forum on its theme for the 2017 May Day celebration; “Ghana @60: Mobilizing for Ghana’s Future through the creation of Decent Jobs”. The forum to be held at the Mensvic Grand Hotel, East Legon, Accra, will precede national and regional parades to celebrate workers in Ghana and millions around the world ...

Imports from the Africa region to Ghana in 2016 amounted to 3.2 million metric tonnes. This represented an increase of 1.1 million metric tonnes or 57% increase over the 2015 figure. The Ghana Shippers Authority’s shipping quarter and outlook cites major items imported from the Africa regions as liquid bulk cargoes mainly crude oil, LPG and petroleum products. Liquid bulk ...

UMB, always at the forefront of enhancing customer experience, has launched instant visa cards to provide customers with UMB visa cards in a matter of minutes. Coming on the heels of an impressive financial performance in the 2016 financial year, the bank is clearly not resting on its laurels and is focused on creating value for its customers. UMB currently ...

Business mogul, Dr. Papa Kwesi Nduom, says April 2017 has been his most difficult month ever for him as an entrepreneur and for his family. Last Saturday’s fire which gutted a building inside the premises of the Coconut Grove Regency Hotel in Accra is the second major disaster to hit Groupe Nduom. Earlier in the month, a heavy storm in ...

Global Money transfer service provider, MoneyGram, has rewarded four lucky winners in their ongoing Ghana@60 promotion tailored to reward loyal customers and new entrants, has been held recently in Accra. The winners included Love Oduro, the first and grand winner of a brand-new Suzuki Alto Saloon car with a one-year comprehensive insurance, with Monica Tamatey, Genevieve Laryea and Charlotte Opare ...