Ghana’s first digital project to monitor petroleum products lifted from depots across the country has recorded over GH¢600 million more revenue in six months than the same period the year before. The achievement follows the implementation of the digitisation programme rolled out by the government in June last year. The monitoring system, being implemented by […]
Research in the country’s marine resources claims that nine out of every 10 fishing trawlers operating in the country are beneficially owned by Chinese corporations. This is in spite of a prohibition against foreign ownership or control of trawlers flying the country’s flags. According to findings of the study, the foreign owners usually operated through […]
Lack of proper means of transporting goods to countries in the sub-region by sea is becoming a hindrance to the African Continental Free Trade Agreement (AfCFTA). Industry players have expressed the need for government to provide reliable vessels that can aid in the transportation of goods to countries like Liberia, Gambia, Guinea, and many others. […]
Tullow Oil has announced the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of its first well at the Jubilee Field yesterday. The company in a statement said it had contracted a high-specification seventh-generation drillship called the Maersk Venturer to drill four wells in 2021. “As previously announced, the […]
The National Pensions Regulatory Authority (NPRA) has retrieved GH¢3.1 million from companies that defaulted in the repayment of pension contributions under the tier two scheme. It has also taken 15 employers to court, while others are being processed for prosecution, after they were found to have defaulted in the payment of the mandatory contributions. The amount […]
President Nana Addo Dankwa Akufo-Addo has called on the Spanish business community to consider Ghana as the investment destination of choice in West Africa. He said the country had, over the years, carved a niche for itself as the most peaceful and investment-friendly nation in the sub-region. “As most of you know, Ghana is a […]
Players in the banking sector have been called upon not to pass on the additional five per cent tax imposed on their gross profits to their customers, particularly to small and medium enterprises (SMEs). The Executive Director of the National Board for Small Scale Industries (NBSSI), Mrs Kosi Yankey-Ayeh, who made the call in an […]
The Monetary Policy Committee of the Bank of Ghana has kept its policy rate unchanged at 14.5 per cent, citing pressures from rising crude oil prices and direct and secondary price effects of the revenue measures announced in the 2021 budget. “Risks to inflation in the near-term are broadly balanced, but there are emerging short-term […]
A former Minister of State Mr Kojo Yankah has lauded President Nana Addo Dankwa Akufo-Addo for the decision to halt export of raw cocoa to Switzerland. A year ago, Mr Akufo-Addo became the first African leader to be invited in about 60 years on a state visit to Switzerland. The president announced while there that Ghana was […]
The Ministry of Trade and Industry has dismissed media reports that there is currently tension at the African Continental Free Trade Area (AfCfTA) Secretariat in Accra. The Ministry said in a statement that the reports are not only untrue but also disingenuous and are designed to cause disaffection between the Ghanaian workers at the Secretariat and their foreign counterparts. […]
The National Lottery Authority (NLA) has commended KGL Technology Limited, operators of the official short code of the authority’s *959# for a solid partnership and good working relationship. The authority is acknowledging the various roles KGL Technology Limited has played in resolving some financial issues recently, which otherwise would have plunged the authority into some […]
The National Lottery Authority(NLA) will conduct Live Draws for 5/90 Lotto products from Monday to Saturday except Sundays and Public Holidays effective Monday, 15th March, 2021 between the hours of 6:45-7pm. In order to safeguard the reputation, integrity and credibility of the National Lottery Authority and its associated products and services, it has become very […]
