The management of the Intercity STC Coaches Limited exhibited great patriotism and leadership Wednesday when a former Managing Director of the company, Mr Samuel Nuamah Donkor, joined the current leaders to inaugurate a vehicle testing centre. Uncharacteristic of the managers of state institutions, the current Managing Director of STC, Nana Akomea, ceded his frontline role […]
Category: Business
NLA, GRA set to launch VAT Raffle soon
National Lottery Authority(NLA) and Ghana Revenue Authority(GRA), the two strategic Revenue Mobilization Institutions for Government would officially launch VAT Raffle very soon. The two institutions have collaborated closely since last year to roll out the VAT Raffle. A statement issued by the Public Relations Unit of the National Lottery Authority and in the possession of […]
TUC pushes for massive stimulus package for Businesses
Dr Kwabena Nyarko Otoo, the Director of Labour Research and Policy Institute, Trades Union Congress (TUC), has called on government to develop a comprehensive stimulus package for businesses and workers. He said the package would enable businesses, small and large, to stay afloat and maintain their workforce in these difficult periods. Dr Otoo said enterprises […]
Ban on overage and accident cars: Used car dealers to hit the streets
The Automobile Dealers Union of Ghana has threatened to demonstrate if government fails to amend aspects of the Customs (Amendment) Act, 2020. The said Customs (Amendment) Act bans the importation of second-hand cars of more than ten years old, and salvage cars, locally referred to as ‘accident cars’. General Secretary of the Automobile Dealers’ Union […]
SEC to announce restoration of licenses of some fund management firms soon
The Securities and Exchange Commission (SEC) will in the coming days restore the licenses of some fund management companies whose licenses were revoked in 2019. The Chief Executive Officer of the SEC, Rev. Daniel Ogbamey Tetteh made this known in a radio interview on Accra based Citi FM Tuesday morning. In the radio interview with Citi […]
Details: MTN’s reaction to govt’s move to break monopoly in telecom sector
MTN Ghana says it was yet to receive the formal notification on the government’s decision to implement new policies in the telecommunications market. In a statement reacting to a press release on the development issued by the Ministry of Communications, MTN said it “will refrain from making any public statements or comments on this matter” whilst it waits for the […]
Government signs €500m Western Rail Line contract
Government has signed a historic €500 million contract for the construction of sections of the Western Railway Line. The contract signed on Wednesday, June 3, 2020, is for the construction of a standard gauge rail line between Takoradi Harbour and Huni Valley, according to Railways Development Minister, Joe Ghartey. The deal is considered the largest […]
NLA licenses five private sector lotto operators under Act 844
The National Lottery Authority has signed a partnership agreement with the Veterans Administration, Ghana (VAG) which has given the NLA the sole right to regulate, manage and supervise the operations of VAG lottery in the country. The agreement will ensure that the NLA operates the lottery in such a way that will allow it make […]
George Floyd protests: Stolen iphones in US to be tracked and disabled by Apple
iPhones stolen in lootings of Apple stores in the US are tracked, disabled and the local authorities notified, according to messages displayed on their screens. Apple has temporarily closed some of its US stores following a series of attacks, amid protests over the death of George Floyd. Several images of the warnings have been shared […]
Oil hits $40 for first time since March on OPEC cuts, demand recovery
Oil rose on Wednesday, hitting $40 a barrel for the first time since March, supported by lower U.S. inventories, expectations OPEC+ will keep oil output cuts in place and signs of demand recovery from the coronavirus crisis. Suggesting a supply glut is on the way out, the American Petroleum Institute said on Tuesday U.S. crude […]
NLA touts *959# Digital Lottery; says it addresses concerns of stigmatization in lottery
The National Lottery Authority (NLA) has vouched for the robustness, effectiveness and efficiency of its digital lottery, *959#. According to a statement issued by the Public Relations Unit of the NLA and in the possession of BestNewsGH.com, the 959# Digital Lottery deals with issues of stigmatization associated with lottery in the country. the statement continued […]
Ghanaian Petroleum Researcher based in USA wins over $17.5 Million grant from US Department of Energy
A leading petroleum researcher from Ghana and based in the United States of America (USA), Dr. William Amponsah has been awarded a grant by the United States Department of Energy, to the tune of $17.5 million. BestNewsGH.com can report that Dr. Amponsah currently works with the New Mexico Institute of Mining & Technology (NMT). A […]