BUSINESS

The founder of the defunct Capital Bank William Ato Essien has been reported sick and has been diagnosed of “Obstructive Sleep Disorder.” Mr Essien, and two others are standing trial for some 23 charges and have been asked to open their defence. In court on Thursday, November 25, 2021, Mr Essien who was expected to continue with his testimony was ...

A Financial Analyst, Joe Jackson says government must show commitment to the fight against corruption and identify the leakages and waste that causes the country to lose revenue. Speaking to host of sunrise morning on 3fm 92.7 Alfred Ocansey, Joe Jackson cautioned that government is broke and needs money, but that must not continuously increase the hardship and burden of ...

The Ghana Revenue Authority (GRA) has announced that it will publish a list of Oil Marketing Companies (OMCs) and their managers who have defaulted in the payment of taxes if “satisfactory arrangements are not made to settle outstanding tax liabilities by Friday, 3 December 2021.” According to the GRA, it will also continue enforcement actions including garnisheeing of accounts, sealing ...

Ckrowd secured new investments from EEFP and angel investor group to create more revenues for Africa’s creative market and foster new jobs opportunities for the youth.     24 November, London, UK:  Ckrowd, Africa’s most preferred and premium content streaming platform, has secured a $60,000 of pre-seed funding and $100,000 export grant investment, respectively from an international angel investor group, as well as backing from ...

The United Nations Peace Ambassador in Ghana, Bishop Samuel Ben Owusu, has expressed worry that youth unemployment is going to be another major catastrophe to hit the African continent if measures are not taken to address the menace. The Senior Pastor at the Pottersville Church and also the Country Director of International Association of World Peace Advocates implored African governments ...

The Minority Spokesperson on Finance, Casiel Ato Forson has said a move by the government to tax Mobile Money transaction will mean taxing savings of the people. He explained that people keep money on the mobile money accounts as savinhs. Therefore any attenpt to tax that transcation will targetd at taxing people’s savings. Contrbuting to a debate on the 2022 ...

Renowned economist, Investment Banker and global business strategist Dr. Sam Ankrah is set to deliver an address on Ghana’s economy on Tuesday November 30,2021. The address by Dr Ankrah, who is also the president of the African Investment Group (AIG), is expected to delve into critical economic areas including measures in stabilizing the economy, revenue mobilization and maximization as well ...

The Chief Executive Officer for the Africa Energy Consortium Kwame Jantuah, has taken a thinly-veiled swipe against the Finance Minister, Ken Ofori Atta, saying Ghana’s economy must not be handled by people who grew up rich, a term locally referred to as ‘Dada Bee’. According to him, such people who were born with a silver spoon in their mouths are ...

Golden Star Resources Ltd. has announced that the Ghanaian Ministry of Lands and Natural Resources has informed Chifeng Jilong Gold Mining Co., Ltd. that it has no objection to Chifeng becoming the controller of Golden Star (Wassa) Limited via Chifeng’s subsidiary, Chijin International (Hong Kong) Limited and/or its assignee. GSWL is Golden Star’s 90%-owned subsidiary that holds the mineral rights ...

The Monetary Policy Committee (MPR) of the Bank of Ghana has increased its policy rate by 100 basis points from 13.5 per cent to 14.5 per cent, citing inflationary pressures. “Inflationary pressures are becoming embedded in most advanced and emerging market economies with potential implications for the current supportive financing conditions driving the recovery,” the Bank of Ghana said in ...