BUSINESS

LONACI Foundation, the Corporate Social Responsibility arm of the Ivorian Lotto Regulatory body has donated thirty million (30,000,000 )CFA equivalent of 60,000 US dollars to the Good Causes Foundation of the National Lottery Authority. The Head of Nationale Loterie de Côte D’ ivoire, Mr Dramane Coulibaly made the pledge of the said amount during the official launch of the Caritas ...

The Ghana National Gas Company Limited (GNGCL) has said it will not shy away from routine engineering and maintenance of machines and equipment at its Gas Processing Station at Atuabo in the Western Region. The Company insist that engineering and maintenance works are only to guarantee the integrity of its processing plant and will continue to do so in accordance ...

Some mobile money agents have rejected the introduction of the tax introduced on mobile money transactions by the government. Some of the agents told TV3 after the budget presentation that “The telcos are already paying and you are coming to charge the vendor for it? How much are we making out of it? I am a graduate and I am ...

Ningo Prampram lawmaker Samuel Nartey George has said the government did not engage the telecom companies before announcing the introduction of the tax on mobile money services in the 2022 budget statement. Sam George who is also a member of the communications committee of Parliament described the government as ‘clueless bunch’. “Let me state for the records that the govt ...

e-Commerce giant Jumia’s third-quarter results are out. The Africa-wide country reported impressive profits amid huge operating losses. $25.5 million was recorded as gross profits, according to the company, while operating losses for the third quarter went up to $64 million. Operating losses for the quarter is about 250 per cent greater than gross profits. Jumia recorded a 5.7 per cent ...

The YouStart initiative that has been introduced by the government in the 2022 budget statement will help in reducing the youth unemployment situation in the country, Lawmaker for Nsawam-Adoagyiri, Frank Annoh-Dompreh, has said. “The 2022 Budget demonstrates a listening government in touch with our challenges as Ghanaians. Initiatives like YouStart tackle the challenge of youth unemployment head-on. Govt is still ...

Ghana is developing a proposal for the adoption of E-Mobility in the transport sector to address the high levels of Green House Gas (GHG) and air pollution associated with the sector Finance Minister Ken Ofori-Atta has disclosed. Road transport alone contributes 45.4 percent of total fuel combustion emissions and accounts for 13 percent of the overall national GHG emissions. The ...

Finance Minister Kenneth Nana Yaw Kuntunkunuku Ofori-Atta has announced a new levy to be charged by government in 2022 on all electronic transactions to widen the tax net and rope in the informal sector. “It is becoming clear there exists enormous potential to increase tax revenues by bringing into the tax bracket, transactions that could be best defined as being ...

Finance Minister Ken Ofori Atta has assured Parliament that the government is working hard to get back quickly to the pre-pandemic fiscal and debt trajectory. He said during the 2022 budget presentation on Wednesday November 17 that the fiscal policies implemented to provide relief during the pandemic has led to an increase in total public debt. The situation was made ...

Finance Minister Ken Ofori Atta has asked all Ghanaians to join hands in growing the local economy to benefit all. Presenting the 2022 budget statement in Parliament on Wednesday November 17, he said every adult Ghanaian will have to contribute to the delivery of critical infrastructure, social services and improve lives. This revenue mobilisation, he said, must be a collective ...