BUSINESS

The Ministry of Trade and Industry has denied claim by Ranking Member of the Select Committee on Trade and Industry and Tourism of Parliament, Hon Emmanuel Armah Kofi Buah that an amount of ¢269million cannot be accounted for. The Ministry said in a statement signed by its Chief Dire tor, Patrick Yaw Nimo said the claim is untrue and misleading. In a press conference ...

Menzgold says it will begin payment of its aggrieved customers today Monday December 20,2021. The company has in the past failed to deliver on its own payment schedules. In a statement Sunday, the defunct gold collectible firm published a list of 181 customers who are to be part of its payment plan between today and June next year. The company ...

PRESIDENT AKUFO-ADDO and South African President, Cyril Ramaphosa, thinks the best way for Africa to develop is to intensify trade among countries on the continent. Speaking at the Ghana-South Africa Business Forum in Accra Sunday to climax the two-day state visit of the South African leader to Ghana, President Akufo-Addo noted that “There is one set of data that for ...

The International Monetary Fund (IMF) has urged policymakers around the globe to be patient with their central banks as they work to bring back inflation to the levels they were during the pre-pandemic era. The Bretton Woods institution also urged central banks to communicate clearly inflation expectations. “When prices and people expectations go differently, that is de-anchoring and when that happens inflation ...

A Financial Analyst and Chief Operations Officer at the Dalex Finance, Mr Joe Jackson, has said the government needs to increase the tax revenue. Mr Jackson said the introduction of the E-levy is meant to generate revenue for government expenditure as part of the move to widen the tax net. “Ghana is still broke! We spend 50% of revenue on ...

The government, according to the head of communications of the Ghana Private Road Transport Union (GPRTU), Mr Abass Imoro, has directed state oil firm Ghana Oil Company (GOIL), to cut the prices of fuel at the pumps effective Tuesday, 7 December 2021. The decision comes after the presidency met union leaders of commercial drivers on Monday, 6 December after they ...

Guaranty Trust Bank (GTB Ghana) Limited is set to hold its first-ever outdoor concert in Ghana on Friday December 17,2021. The show is tagged GTCO Music Concert This inaugural event will be held at the the Accra Sports Stadium on Friday, and will feature performances from some of Africa’s brightest breakout stars of both Ghanaian and Nigerian origin. The GTCO ...

The former Minister of Finance, Dr. Kwabena Duffuor, has added his voice to the many calls for the rejection of the Electronic Transaction Levy (E-levy) saying it will compound the several taxes on the Ghanaians. Dr. Duffuor reiterated that implementing the E-levy would affect the ordinary Ghanaian directly since it is the mode of payment widely used. The former Governor ...

The management of the Social Security and National Insurance Trust (SSNIT) has assured pensioners of regular payment of pensions. A statement issued by the management on Tuesday November 30 said SSNIT had taken note of the concerns raised by the Africa Centre for Retirement Research (ACRR). It assured all stakeholders and the public that the SSNIT Scheme presently has enough ...

Anglogold Ashanti Ghana, Obuasi Mine has donated items worth GH¢122,120 to eight districts in the Ashanti Region in support of this year’s National Farmer’s Day celebrations. The beneficiary districts include the Obuasi Municipal, Obuasi East, Adansi Asokwa, Adansi North, Adansi South, Adansi Akrofuom,  Amansie West and Bekwai Municipal. In a short ceremony to present the items to Agric Directors of the ...