The new developers of the Ada Songhor Salt Project are seeking to boost salt production at the facility to one million metric tonnes annually by next year to make Ghana the leading producer of the commodity in West Africa. Electrochem Ghana Limited — which was granted a 15-year mining lease by Parliament in October 2020 […]
Category: Business
We’re fixing economy, rolling out interventions to ease burden – Finance Minister
The government will in the coming weeks introduce more measures to ease the burden on the public. The Minister of Finance, Mr Ken Ofori-Atta, who disclosed this, said: “Starting this month, we are rolling out over eight additional interventions under the GhanaCARES “Obataanpa” programme and they will be in the health, agriculture, tourism, trade, digitisation, […]
GRA goes fully digital in July
Plans are far advanced by the Ghana Revenue Authority (GRA) to fully operate digital effective July 1, 2020 in line with government’s digitization drive. A GRA circular to its staff states that effective July 1, 2021, all payments for Taxes and Duties must be made directly to GRA bank accounts through digital means such as […]
Vice-President launches platform to check MoMo fraud
The Vice-President, Dr Mahamudu Bawumia, has launched a platform that will harmonise individual fraud control mechanisms of mobile money operators in the country. He said the system would help in blocking subscriber identification module (SIM) cards and mobile devices, as well as blacklist identification numbers that connected to fraud or general crime-related cases. Dr Bawumia, […]
2020 National Best Farmer receives GH¢570,000 prize from ADB
The Agricultural Development Bank (ADB) yesterday presented a cash prize of Gh¢570,000 to the 2020 National Best Farmer, Mr Solomon Kwadwo Kusi. Mr Kusi was presented the amount at a short ceremony in Accra during which the Minister of Food and Agriculture, Dr Owusu Afriyie Akoto, commended farmers for their tireless efforts to provide food […]
5th Ghana CEO Summit holds media launch
The 5th edition of the Ghana CEO Summit will be launched on Tuesday, April 20, at the Kempinski Gold Coast Hotel in Accra. The conference for decision makers, CEOs, heads of institutions, business leaders and entrepreneurs as well as investors and ambassadors, seeks to unlock Ghana’s economic potential by offering concrete, innovative and actionable solutions. […]
Digital petroleum monitoring rakes in GH¢1bn
Ghana’s first digital project to monitor petroleum products lifted from depots across the country has recorded over GH¢600 million more revenue in six months than the same period the year before. The achievement follows the implementation of the digitisation programme rolled out by the government in June last year. The monitoring system, being implemented by […]
Chinese: Beneficial owners of fishing trawlers – Research claims
Research in the country’s marine resources claims that nine out of every 10 fishing trawlers operating in the country are beneficially owned by Chinese corporations. This is in spite of a prohibition against foreign ownership or control of trawlers flying the country’s flags. According to findings of the study, the foreign owners usually operated through […]
Lack of Transportation of goods by sea cited as hindrance to AFCFTA
Lack of proper means of transporting goods to countries in the sub-region by sea is becoming a hindrance to the African Continental Free Trade Agreement (AfCFTA). Industry players have expressed the need for government to provide reliable vessels that can aid in the transportation of goods to countries like Liberia, Gambia, Guinea, and many others. […]
Tullow commences drilling of wells in Jubilee Field
Tullow Oil has announced the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of its first well at the Jubilee Field yesterday. The company in a statement said it had contracted a high-specification seventh-generation drillship called the Maersk Venturer to drill four wells in 2021. “As previously announced, the […]
NPRA retrieves GH¢3.1m from defaulters
The National Pensions Regulatory Authority (NPRA) has retrieved GH¢3.1 million from companies that defaulted in the repayment of pension contributions under the tier two scheme. It has also taken 15 employers to court, while others are being processed for prosecution, after they were found to have defaulted in the payment of the mandatory contributions. The amount […]
President Akufo-Addo woos Spanish investors
President Nana Addo Dankwa Akufo-Addo has called on the Spanish business community to consider Ghana as the investment destination of choice in West Africa. He said the country had, over the years, carved a niche for itself as the most peaceful and investment-friendly nation in the sub-region. “As most of you know, Ghana is a […]