Consumers in African countries are paying some of the highest rates in the world for internet access as a proportion of income, according to a new report released Tuesday. The Alliance for Affordable Internet (A4AI) assessed 136 low and middle-income countries for their annual Affordability Report. Middle-income examples from the report include Malaysia, Colombia, India, Jamaica, […]
Category: Business
Ghana loses US$190m as MCC truncates ECG concession agreement
The Millenium Challenge Corporation (MCC) of the United States of America has truncated Ghana’s Power Compact following the decison by the Ghanaian government to terminate the contract of the Power Distribution Services (PDS) over certain fundamental breaches. A statement issued by the US Embassy said the “United States of America notes this decision [termination of […]
SA power firm Eskom sues Deloitte for ‘overcharging’
South Africa’s embattled state power firm, Eskom, is taking legal action to reclaim $14m (£11m) from multinational consultancy Deloitte, accusing it of being awarded contracts improperly. Eskom said Deloitte charged five times more than its competitors for work undertaken in 2016. Deloitte said it did nothing wrong, and would fight the claim in court. South […]
GRA likely to miss 2019 revenue target as benchmark values reduction backfires
The Ghana Revenue Authority (GRA) is set to miss out on its revenue target for 2019 as the decision by government to slash the import benchmark values by about 50 percent takes a toll, Commissioner of Customs, Colonel Kwadwo Damoah has said. The customs division boss explained that the reduction in the benchmark values has […]
Huawei Kick-starts One-Billion-Dollar App Developers Program
One of the world’s leading Smartphone brands, Huawei has invested one-billion-dollar to support global developers accessing Huawei Mobile Services ecosystem code name “The Shining-Star Program”. The Shining-Star Program brought together more than 250 app developers and partners in Dubai during the Gulf Information Technology Exhibition, (GITEX) Technology Week at Dubai World Trade Center. […]
Gov’t cancels PDS deal despite US opposition
Information reaching Citi News is that government has finally terminated the Power Distribution Services’ concession agreement with the Electricity Company of Ghana, ECG. The termination, Citi News gather, is on the insistence of the Ghana government, against the position of the US government which was insisting that the PDS concession should remain in order to […]
Registrar of Companies decoupled from RGD
The new Companies Act has separated the duties of the Registrar of Companies from the Registrar General’s Department (RGD) in a bid to facilitate business operations and improve the quality of service. Under the old Companies Law, the RGD was responsible for the registration of companies, partnerships, business-names, marriages, adoptions, property rights among others, which […]
Prof. Adei roars: Removes Carlos Ahenkorah and Kweku Kwarteng from GRA Board
Deputy Minister of Finance, Mr. Kwaku Agyemang Kwarteng and Mr. Carlos Kingsley Ahenkorah, Deputy Trade and Industry, have been sacked from their position as board members of the Ghana Revenue Authority (GRA) with immediate effect, DAYBREAK can authoritatively report. This was communicated to them by the new board chairman, Professor Stephen Adei. According to sources, […]
Apple to launch cheaper iPhones in early 2020
Apple’s new iPhone SE 2 may launch in Q1 2020. An analyst Ming-Chi Kuo has revealed that Apple is all set to introduce an affordable smartphone iPhone SE 2. The phone will be introduced in the first quarter of 2020. The price of the phone is expected to be as low as $399 which is almost 1/3 […]
PDS deal: Cancel it, if it is fraudulent-John Jinapor
John Jinapor, a former Deputy Power Minister, has also called for negotiations around Power Distribution Services (PDS) concession to end. Speaking on Eyewitness News, Mr. Jinapor said the whole agreement needed to be cancelled if the government indeed suspected fraud. “If its fraud, cancel the whole agreement. There can be no negotiation so the issue of […]
AMA deploys more Aayalolo buses to reduce single-occupancy vehicles
The Accra Metropolitan Assembly (AMA) says it will introduce more Aayalolo buses on the city’s roads and discourage the use of single-occupancy vehicles into the city. This is according to the Chief Executive of the Accra Metropolitan Assembly, Mohammed Adjei Sowah. According to Mr. Adjei Sowah, this will help reduce the vehicular traffic congestion within […]
NABCO personnel are helping to reduce fertilizer smuggling — Minister
About 180 Nation Builders Corps (NABCO) personnel have been assigned to Planting for Food and Jobs fertilizers outlets to help reduce the incidence of fertilizer smuggling, Dr Hafiz Bin-Salih, Upper West Regional Minister, has said. The move, he said, would give meaning to the PFJ programme, which was introduced by the government two years ago […]