The management of Ghana Exim Bank has refuted a story published in The Herald newspaper alleging that an amount of GH¢33 million had gone missing at the bank. The bank in a rebuttal described the publication as misleading, malicious, mischievous and one which lacks any factual basis. A statement issued by the management of the bank […]
Beginning in January 2020, countries within the West African sub-region will be able to use a single currency called ECO. The currency was adopted by the Authority of ECOWAS Heads of State and Government on Saturday in Nigeria’s capital Abuja. The West African leaders endorsed the currency at their 55th Ordinary Session and approved a […]
Plastic Revolution Foundation, a Norwegian Social Enterprise will, next year, commence conversion of three thousand six hundred (3600) tons of plastic waste to diesel monthly in Ghana. Chief Executive Officer, Erik Solheim revealed this when officials of the Foundation called on the Minister for Sanitation and Water Resources, Hon. Ceclia Abena Dapaah to brief her […]
The Public Interest and Accountability Committee’s 2018 report point to budget non-compliance on the part of the Ministry of Finance. Chairman of PIAC, Dr Steve Manteaw, encourages the ministry to take steps to halt what is becoming an emerging trend of unspent Annual Budget Funding Amount (ABFA). In two years, budgeted but unspent and unaccounted […]
The Akosombo Textiles Limited (ATL) is still struggling to stand on its feet, one year after the government injected GH₵17 million into the company to resuscitate it. Currently, the company only produces for institutions on demand and struggles to keep workers at all its departments. For instance, the Weaving and the Spinning departments, which were […]
Melcom Group of Companies has lined up series of corporate social responsibility projects and exciting raffle draws to officially launch its 30 years of operations in Ghana. As part of the 30th anniversary, Melcom will be supporting 10 schools in three regions with improved water and sanitation facilities. Melcom will also support the teeming youth […]
Data compiled by the Ghana Chamber of Telecommunications shows that over 18 million subscribers experienced poor service quality within the first quarter of 2019 due to incidents of fibre cuts and theft at base stations of telecommunication companies. According to the mobile industry association, over 2,000 incidents of fibre cuts were recorded in the first […]
Mobile Telecommunications giant, MTN has held the Central Regional edition of the Editors Forum for Senior media practitioners in the region. The Editors Form is an annual event organized by the company and solely dedicated to engaging senior editors in the various regions on its operational overview and to elicit feedback from them. It was […]
Professor of economics and finance, Godfred Bokpin has stated that tax revenue can be increased from the GH₵37.8 billion collected in 2018 to a whopping GH₵89 billion annually if government rationalises the many tax exemptions that are granted multinational companies operating in the country. He said the GH¢89 billion in taxes would mitigate the debt-to-Gross […]
The National Insurance Commission (NIC) has increased the minimum capital requirement for insurance companies in the country from the current GH₵15 million to GH₵50 million. According to a statement from the NIC, insurance companies have up until June 30, 2021 to meet the new minimum capital requirement. The minimum capital requirement for reinsurance companies will […]
The National Democratic Congress (NDC) Minority in parliament has said government’s indebtedness to power sector entities as at the end of 2018 was over $2.3 billion ($2,378 million). It gave the breakdown as Karpower – $150 million, ENI – $160 million, NEDCo -$162 million, IPPs – $1 billion, GRIDCo – $171 million, and Ghana Gas […]
The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDIB–Ghana) was on Tuesday launched to reduce the burden on the government in the area of policy formulation and regulation of the energy sector. The Chamber, among others, would help to create a platform for advocacy towards influencing legislation in the area of energy, serve […]
