The management of the Bulk Oil Storage and Transportation Company Limited (BOST) has saved $20 million on claims it would have paid to eight Bulk Distribution Companies (BDCs). The Managing Director of BOST, Mr Edwin Alfred Provencal, who disclosed this to the Daily Graphic in an exclusive interview, said the companies had put in a […]
The Bank of Ghana will September this year pilot the digital Cedi, First Deputy Governor, Dr Maxwell Opoku Afare has hinted. This, he said forms part of the BoG’s agenda of creating cash-lite society. In an era of cryptocurrencies, he said the introduction of the digital cedi would also help Ghanaians who want to trade […]
The largest aircraft in the world, “Antonov An-225 Mriya” has landed at the Kotoka International Airport in Accra. Only two of such aircraft were built. The current Antonov An-225 Mriya, which is the only one in operation, according to Aviation Ghana, flew from Leipzig and successfully landed at KIA shortly after 4pm on 7 July 2021. It is […]
A Deputy Governor of the Bank of Ghana (BoG), has challenged all organisations, especially indigenous businesses in all sectors of the Ghanaian economy, and public sector organisations to showcase their efforts over the years to abide by good corporate governance standards. Mrs. Elsie Addo Awadzi, Second Deputy Governor of the BoG says while the importance […]
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 […]
