Wassa East local economy has been boosted with the construction of a 20 million dollar state of the art oil palm processing factory which is expected to be completed by the scheduled time of July 2019. Construction workers mostly local people from the community are being led by Malaysians and Indonesians with the civil works […]
Category: Business
1D1F: Funding secured for 54 factories so far, EXIM bank responsible for 35 of the projects-Coordinator
National Coordinator of one of government’s flagship programmes, the One District One Factory initiative, Gifty Ohene Konadu has revealed that so far funding has been secured for the construction of some 54 factories across the country. The funding according to her has been made possible by the various banks in the country including, the Export […]
Harnessing human resource for development: compile data on Ghanaian professionals abroad-Lawyer Okudzeto
Renowned legal practitioner and founder of Sam Okudzeto & Associates, Sam Awuku Okudzeto is pushing for the compilation of a complete statistical database of all Ghanaian professional outside the country to ensure that the country taps into their expertise as and when they are needed. To this end, he wants the various Ghanaian missions abroad […]
2018 mid-year budget review: 5% flat rate VAT pushes telecom charges up from 1st November 2018
The Ghana Chamber of Telecommunications on behalf of its members, AirtelTigo, MTN and Vodafone says telecom service charges will go up from the 1st of November 2018, coming on the heels of tariff modification, following the implementation of the new tax laws. The government as part of the 2018 mid-year review of the budget amended […]
Missing 400 million petroleum revenue: finance ministry deliberately being evasive and economical with truth-PIAC
The Public Interest and Accountability Committee, (PIAC) has said the Ministry of Finance is deliberately pretending to be confused about the provisions of the law establishing the petroleum revenue management Act and its creation, the petroleum holding fund. According chairman of PIAC, Dr. Steve Manteaw, excuses given by the Ministry of Finance on the whereabouts […]
Competitive bidding for oil blocks: Institute of Public Policy Research lauds initiative, but wants other matters addressed
The Institute of Public Policy Research (IPPR) has commended Government for initiating moves to ensure competitive bidding for oil blocks in the country, saying it will enhance transparency in the award of contracts. A statement issued by the think-tank in reaction to government’s announcement and signed by Eugene B.G Bawelle, its executive director, stated in […]
Aftermath of UK-Ghana investment summit: UK investors eye deals worth over 500 million pounds
UK investors will be signing potential business deals worth over £500 million in various sectors of the Ghanaian economy, the head of a business delegation that attended the UK-Ghana Investment Summit in Accra yesterday, Baroness Rona Fairhead, has said. The UK’s Minister of State for Trade and Export Promotion explained that the investments “range from […]
Investing in Ghana: it is an exciting time to do business in Ghana –President Akufo-Addo
The President Nana Addo Dankwa Akufo-Addo, says Ghana is ready for business, and has urged investors from the United Kingdom, and, indeed, from around the world, to take advantage of the growing business-friendly climate in the country and invest. According to President Akufo-Addo, since assuming the reins of office last year, his first order of […]
Vetting of small scale mining licenses: only 650 out of 1,350 licenses submitted so far-Charles Bissue
The secretary to the inter-ministerial committee on small scale mining, Charles Bissue has revealed that one month after the committee called for the submission of all small scale mining licenses to be submitted for vetting, only 650 out of the total of 1,350 licenses have been submitted. Describing the lukewarm attitude of those in possession […]
Strengthening local businesses: A-Plus moves to stop A1 bread from selling the company to Chinese
Controversial musician, Kwame A-plus has moved to stop the management of A1 bread from selling the company to some Chinese company. The company last week announced that it was at the verge of closing negotiations with a new buyer who are Chinese. A-plus who has indicated his ‘hatred’ for everything Chinese took it upon himself […]
Confirmed: GRA begins implementation of CTN tomorrow, Monday October 15, 2018
The Ghana Revenue Authority has served notice that it will effectively begin the implementation of the Cargo Tracking Note (CTN) tomorrow, Monday, October 15, 2018. A press release announcing the commencement of the policy and copied to BestNewsGH.com stated in part that ‘’the intervention is to provide greater scrutiny of our major imports for both […]
Seeking innovative city solutions: Communications Ministry and Whale Cloud signs MoU for city development in Ghana
Whale Cloud (rebranded from ZTEsoft) has signed a Memorandum of Understanding (MoU) with the Republic of Ghana on innovative city development at the headquarters of Alibaba Group. Mr Ben Zhou, CEO of Whale Cloud, and Mrs Ursula Owusu Ekuful, Minister for Communications of the Republic of Ghana, signed the MoU on behalf of each party. […]