The Ghana Union Traders Association (GUTA) has expressed disappointment in the failure of the Economic Community of West African States (ECOWAS) to enforce trade protocols “ECOWAS is dead, we don’t have ECOWAS,” GUTA National Organizer Clement Boateng declared as a retail trade feud between Ghanaian traders and other West African nationals continues to worsen. Although […]
Agricultural commodity trading company, Wienco Ghana Limited will be at the forefront of attempts to purchase all excess rice harvests. Speaking during a meeting with local rice farmers at Avalavi Weta in the Volta Region on Tuesday, the Deputy Minister of Food and Agriculture, Kennedy Osei Nyarko, said Wienco had already committed to buying all […]
The Government of Ghana has finally handed over the Komenda Sugar Factory to a Strategic Investor. Park Aggrotech Company Limited, an Indian company based in Ghana and a subsidiary of the Skylark Group of companies won the bid to manage the sugar factory. The Managing Director of Agrotech Company Limited is Lalit Mishra. The factory […]
The Bank of Ghana (BoG), has served notice that it will soon scrutinize the salaries of Chief Executive Officers and compensations for boards of all banks in the country. The move according to the central bank is aimed at cutting down on the huge salaries of Managing Directors who are not performing to satisfaction. Reacting […]
The Information Minister, Kojo Oppong Nkrumah has voiced his support for the production and consumption of local rice – an initiative which is being championed by Citi FM/Citi TV CEO, Samuel Attah-Mensah. The Information Minister in a social media post explained that the campaign is a well-intended initiative with the potential to fuel Ghana’s agriculture growth agenda. […]
The lack of support from banks may have played a role in the struggles of local rice producers in the country, according to some industry players. Yaw Adu-Poku, the convenor of the Rice Millers Association, complained that banks were unwilling to support millers with loans to facilitate their businesses. Speaking on Citi TV‘s The Point of View, Mr. […]
Mobile Telecommunications giant, MTN over the weekend held a stakeholder dinner in the Central Regional Capital, Cape Coast as part of the 10th Anniversary celebrations of the company’s flagship product, Mobile Money, popularly known as MoMo. The Regional Senior Manager incharge of the South West Business District, Mr. Prince Owusu Nyarko in his welcome remarks […]
A Technical Advisor to the Ministry of Finance, and a Former Commissioner of Customs, Isaac Crentsil, has indicated that the government of Ghana intends to widen the tax net by improving tax education, reviewing and implementing laws that tax the e-services sector as well as enforcing stiffer sanctions to non-compliant individuals or companies, and according […]
The Finance Minister of the country, Ken Ofori-Atta has indicated that the government has moved the economic policy of the country away from one focused on taxation to one focused on production and outlined directives towards such objective. According to the Finance Minister, the reduction and abolition of taxes including the 50% reduction in import […]
A State Prosecutor, Assistant Superintendent of Police (ASP) Sylvester Asare, yesterday pleaded with an Accra Circuit Court, presided over by Mrs Jane Harriet Akweley Quaye, for an extension of time to amend the charges against the embattled Chief Executive of the defunct Menzgold, Nana Appiah Mensah aka NAM1. According to the Prosecutor, they need more […]
The Importers and Exporters Association is kicking against a scheduled 11 percent tariff increment for cargo handling at the Terminal Three of the Tema Port. The importers say the expected increment which is scheduled to take effect next month, will increase the cost of shipping. The Meridian Port Services, operators of the new Terminal 3 […]
The Minister for Railway Development, Mr. Joe Ghartey has reiterated Government’s resolve to see to the completion of the Sky train project only if Government becomes satisfied with the terms and conditions available by the company in charge of the project. According to him, Government is not paying for the feasibility of the project, but […]
