The Electricity Company of Ghana (ECG) is embarking on a nationwide revenue mobilisation exercise from today to recover all unpaid bills amounting to GH¢5.7 billion from its customers. The exercise, which will last for a month, targets domestic users, businesses, organisations, ministries, departments and state agencies for power already consumed from 2022 to February this […]
The Caretaker Minister of Trade and Industry, Samuel Abu Jinapor, has commissioned a Volkswagen (VW) vehicle assembly plant in Tema. With the opening of the €8million facility, the parent company, VW, will take over the vehicle assemblying responsibility from its licensed importer in Ghana, Universal Motors Limited (UML). With an installed capacity of 5,000 units […]
Finance Ministry says payment of coupons and principals in respect of the Domestic Debt Exchange Programme (DDEP) will start on March 13, 2023. According to a release issued by the Ministry, this only applies to old bondholders who did not sign up for the DDEP. “Secondly, in fulfillment of the assurance given by Government to […]
Trading activity on the bond market rebounded sharply as total turnover jumped by 453.25% to ¢750.36 million. This is coming following the beginning of trading of new bonds. The new Government of Ghana bonds saw an aggregate traded volume of ¢44.47 million. According to trading activity, the market saw very little activity in the opening […]
The government is rigorously working to pass a comprehensive Consumer Protection Bill to bolster consumer protection regime in Ghana, the caretaker Minister of Trade and Industry, Samuel Jinapor, has told Parliament. The overarching object of the bill is to protect, secure and defend the rights of consumers through a structured institutional mechanism and legal framework […]
The National Lottery Authority (NLA) and Ghana Post are considering possible areas of mutual cooperation that will support national development. The Director-General of the National Lottery Authority Mr. Sammi Awuku and the Managing Director of Ghana Post, Mr. Bice Osei Kuffuor, otherwise known as Obour, in their meeting on February 15, 2023, also discussed matters […]
The government has secured more than 80 per cent of targeted participation in the Domestic Debt Exchange Programme (DDEP), a source familiar with the process hastold the Daily Graphic. According to the source, the Central Securities Depository was conducting the final reconciliation of the numbers to ensure that there was no double counting. The deadline […]
The government has created an administrative window to enable bondholders to complete the tender process, following what the Finance Ministry described as “technical glitches”. The window will last until Friday, February 10, this year to enable all eligible bondholders who were unable to complete the process to do so. They are to visit the website […]
The Ghana Revenue Authority (GRA), in collaboration with the Ministry of Local Government, Decentralisation and Rural Development and the Lands Commission, has collected data required to bill all properties in the country. The list and details of more than 8.87 million properties, codified into the Unified Common Property Rate Platform, also known as Myassembly.gov.gh, to enable property […]
To ensure that the prices of petroleum products imported under the Gold-for-Oil (G4O) programme reflect at the pumps to benefit consumers, the National Petroleum Authority (NPA) will regulate the prices of the products in the interim until the volumes increase significantly. In addition, the NPA will work with the Bulk Oil Storage and Transportation (BOST) […]
Recent decision by the Ghana Revenue Authority (GRA) to implement the Electronic Value Added Tax (E-VAT) E-VAT payment has brought some benefits to the country. The Electronic Value Added Tax (E-VAT) certified invoicing system has been designed to provide the Ghana Revenue Authority (GRA) with visibility into taxpayer transactions never before realised in the history […]
Nigerian industrialist Aliko Dangote, whose fortune dropped $400 million to $13.5 billion over the past year has emerged as the richest person in Africa for the 12th year in a row. South African luxury goods magnate Johann Rupert place second in consecutive years, despite falling $300 million to $10.7 billion while Metals and Mining magnate […]
