The lead operator of the Offshore Cape Three Point (OCTP), Eni has announced a significant oil discovery in Ghana with the potential to produce 700 million barrels of oil equivalent (Mboe). The company in a statement said the discovery was made on the Eban exploration prospect in Cape Three Points Block 4, offshore Ghana and production testing […]
The Minister of Finance, Mr Ken Ofori-Atta, has expressed confidence that investment inflows into the economy will increase in the coming days, following Ghana’s successful exit from the global list of countries with deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes. The finance minister said the exit meant that the international community […]
KGL Group, a wholly owned Ghanaian Company has lent support to Ghana Investment Promotion Centre (GIPC) to help them put together, the maiden edition of the Ghana Diaspora Investment Summit 2021. The event held under the theme ‘The New Normal: Leveraging Diaspora Investments To Build Back Better’ sought to highlight diasporan collaborative investments as an […]
The affixing of tax stamps on alcoholic and non-alcoholic beverages has grown exponentially since its introduction about four years ago. From an initial 28.5 million tax stams affixed in 2018, the number increased to 38.5 million the following year and 70.2 million in 2020, with managers of the project projecting to affix some 90 million […]
From Monday, June 28, this year, all Social Security and National Insurance Trust (SSNIT) contributors will replace their unique scheme identification numbers with the Ghana Card identification numbers. The process of merging the two identification numbers will continue until December 31, this year. This means that from January 1, next year, SSNIT contributors will no […]
The Head Office Annex of the Ghana Revenue Authority (GRA), near the Kwame Nkrumah Interchange, Accra, which was destroyed by fire will be opened for business in July this year. The office has remained closed since December 2019 following the inferno which affected the archives unit of the GRA which is housed in the office. […]
A Deputy Minister designate for Finance, Dr John Kumah, has said there is need for the tax exemptions regime to be made more effective in the country. He said although tax waivers was one of the strategic tools to attract investments into the country, in all cases, they constituted loss of government revenues and must, […]
The Accra High Court will on July 8, this year, rule on a submission of “no case” filed by the Founder of the defunct Capital Bank, William Ato Essien, and three others accused of stealing depositors’ funds leading to the collapse of the bank. The other accused persons are the then Managing Director of the […]
The Ghana Enterprise Agency (GEA), a bigger entity established to efficiently manage the micro, small and medium enterprises (MSMEs) sector in the Ghana has started a new historic journey. This new agency will be impactful by charting a new path in the next phase of its historical journey to promote and develop businesses in the MSMEs space. […]
On Wednesday June 9, 2021, the National Board for Small Scale Industries (NBSSI) will be renamed the Ghana Enterprises Agency (GEA), according Executive Director of the Board, Kosi Yankey-Ayeh. Speaking during a press conference on Sunday June 6, Mrs. Yankey-Ayeh said the Ghana Enterprises Agency will be positioned to support Small and Medium Scale Enterprises […]
The Minister of Finance, Mr Ken Ofori-Atta, has commenced a series of engagement with the youth across the country aimed at igniting an entrepreneurial spirit for accelerated job creation and financial independence for the nation’s youth. The programme is part of efforts to share and urge the youth of Ghana to take advantage of opportunities […]
The Bank of Ghana (BoG) has slashed its benchmark rate, the policy rate by 100 basis points (bps), signalling a return to monetary easing after a year of tightening. The bank reduced the rate from 14.5 per cent to 13.5 per cent today after concluding its 100th Monetary Policy Committee (MPC) meeting on May 29. […]
