BUSINESS

The Ghana Revenue Authority has asked GCNET to resume operations at the Tema port today, Wednesday, April 29, 2020, in order to restore the disrupted Integrated Customs Management System (ICUMS). In a letter sighted by Starrfm.com.gh, GRA stated that discussions with GCNET have been occasioned by the challenges being faced by agents processing their custom documents on the new Integrated ...

The shareholders of GN Savings and Loans are praying the High Court to order the Bank of Ghana (BoG) to restore their specialised deposit-taking licence. The prayer was contained in the written address that the lawyers filed on behalf of the shareholders. “These actions were taken pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 ...

The International Monetary Fund, IMF has projected that Ghana will not go into an economic recession later this year due to Covid-19 pandemic. Some developmental partners of Ghana including the World Bank have warned that the country could go into an economic recession due to the Covid-19 outbreak. IMF Country Director for Ghana, Dr Albert Touna Mama in a radio ...

Lawyers for Dr Papa Kwesi Nduom have told an Accra High Court that the Ministry of Finance maliciously lied to the Bank of Ghana that the Government only owes Groupe Nduom only GH¢ 30.33 million. “The evidence, as shown by the turn of events narrated in the previous sections of this address, suggests strongly that the patent misrepresentation by BoG ...

Zenith Bank Ghana Limited has donated One Million Ghana Cedis (GH¢1,000,000) to the COVID-19 Fund established by the government of Ghana to complement Government’s fight against the virus, and to assist in the welfare of the needy and the vulnerable in society. Officials of the Bank presented the amount at the Ministry of Information press briefing on Tuesday April 14, ...

Controversial leader of The Peoples Project, TPP, Kwame A plus, is demanding answers from the government as to why they cannot use some of Mahama’s abandoned projects as isolation centers or even house homeless people who have no place to stay during this lockdown. Describing the situation as unfortunate, A Plus says the government should find a way to complete ...

The Managing Director of the Tema Oil Refinery (TOR) Asante Berko has denied claims by the US authorities that he bribed some former Ghana government officials for his client in a plant project while he worked for Goldman Sachs. The Securities and Exchange Commission said Asante Berko, a former employee at a subsidiary of the U.S. lender, arranged the bribes ...

The Coalition of Aggrieved Fund Management Customers have petitioned the government to give its members some of the GHS1.2bn COVID Alleviation Programme money to survive on. The members of the coalition were all customers of some 53 fund management companies that were collapsed by the Securities and Exchange Commission last year due to their insolvency. Ghana’s Parliament recently approved a ...

Even as businesses and households in Ghana celebrate last week’s announcement by the Ghana Association of Bankers of a 200 basis points (two percent) reduction in the interest rates applicable on both outstanding and new loans booked by banks in the country, the banks themselves are turning off the lending taps. Only their most highly valued, safest, customers can still ...

Up to two million jobs may be lost in the country amid the coronavirus pandemic, Executive Director for the National Board for Small Scale Industries (NBSSI) Kosi Antwiwaa Yankey has projected. According to her, analyzing both the formal and informal sector, a lot of jobs will be lost, but the number will be drastically controlled with the GHC90 million facility ...