Players in the banking sector have been called upon not to pass on the additional five per cent tax imposed on their gross profits to their customers, particularly to small and medium enterprises (SMEs). The Executive Director of the National Board for Small Scale Industries (NBSSI), Mrs Kosi Yankey-Ayeh, who made the call in an […]
Category: Business
Central Bank keeps policy rate unchanged at 14.5 per cent
The Monetary Policy Committee of the Bank of Ghana has kept its policy rate unchanged at 14.5 per cent, citing pressures from rising crude oil prices and direct and secondary price effects of the revenue measures announced in the 2021 budget. “Risks to inflation in the near-term are broadly balanced, but there are emerging short-term […]
Akufo-Addo’s decision not to export raw cocoa to Switzerland apt – Yankah
A former Minister of State Mr Kojo Yankah has lauded President Nana Addo Dankwa Akufo-Addo for the decision to halt export of raw cocoa to Switzerland. A year ago, Mr Akufo-Addo became the first African leader to be invited in about 60 years on a state visit to Switzerland. The president announced while there that Ghana was […]
Trade Ministry dismisses tension claim at AfCFTA Secretariat
The Ministry of Trade and Industry has dismissed media reports that there is currently tension at the African Continental Free Trade Area (AfCfTA) Secretariat in Accra. The Ministry said in a statement that the reports are not only untrue but also disingenuous and are designed to cause disaffection between the Ghanaian workers at the Secretariat and their foreign counterparts. […]
NLA Commends Operators of *959# for Positive Partnership
The National Lottery Authority (NLA) has commended KGL Technology Limited, operators of the official short code of the authority’s *959# for a solid partnership and good working relationship. The authority is acknowledging the various roles KGL Technology Limited has played in resolving some financial issues recently, which otherwise would have plunged the authority into some […]
Live draws for 5/90 lotto returns on GTV from March 15-NLA
The National Lottery Authority(NLA) will conduct Live Draws for 5/90 Lotto products from Monday to Saturday except Sundays and Public Holidays effective Monday, 15th March, 2021 between the hours of 6:45-7pm. In order to safeguard the reputation, integrity and credibility of the National Lottery Authority and its associated products and services, it has become very […]
Association of Lotto Marketing Companies commend KGL for showing leadership in lottery industry
The leadership of the Association of Lotto Marketing Companies has commended the Management of KGL Technology Limited for the timely intervention of releasing funds to the National Lottery Authority (NLA) for the payment of outstanding wins since April 2020. This, in the view of the Association, is a sign of good leadership to calm nerves […]
Cabinet grants approval for National Airline – President Akufo-Addo
President Akufo-Addo has revealed that Cabinet has granted policy approval for the establishment of a National Flag Carrier (Home Based Airline) with strategic partner participation. The most recent state carrier Ghana International Airlines collapsed in 2010 after the government’s withdrawal of funding. At the time, the airline claimed that the government was not simply refusing […]
KGL to release funds to NLA for payment of Wins
The Management of KGL Technology Limited, a licensed online lotto marketing company responsible for the operation of *959#, the official short code of NLA has arrived at a consensus with the leadership of Financial Business and Services Employees Union (FBSEU) of G. F. L., and the National Lottery Authority (NLA) through its Finance Directorate to […]
NLA shuts down Alpha Lotto Limited’s illegal Short Code
The National Lottery Authority (NLA) in collaboration with the National Communications Authority (NCA) has successfully shut down the illegal short code *896# operated by Alpha Lotto Limited. Alpha Lotto Limited was duly licensed by NLA under Act 844 to operate lotto via Point of Sale Terminals regulated by Act 722. However, Alpha Lotto Limited started […]
FDA recalls contaminated pet foods from market
The Food and Drugs Authority (FDA) has cautioned the public about contaminated pet foods on the market. Subsequently, the FDA says there is a recall of various brands of pet foods manufactured by Midwestern Pet Foods, Indiana in the United States of America (USA) which are already in the Ghanaian market. According to the FDA, […]
Alpha Lotto has no right to play its own games without NLA Authorization-NLA reacts
The National Lottery Authority (NLA) has taken notice of the above statement emanating from the Management of Alpha Lotto Limited. Management of the National Lottery Authority (NLA) would like to state categorically that, Alpha Lotto Limited was ONLY Licensed by NLA to operate Lotto under the Veterans Administration, Ghana Act, 2012 (Act 844) dated 1st […]