The Bank of Ghana will on Monday May 6 2019 introduce upgraded banknotes with enhanced features. The move according to the Central Bank is in line with the evolving changes in the technological landscape. A press release issued by the Bank a while ago, explained that the upgraded banknotes also come with improved durability and […]
Construction works on the $2.2 billion worth Eastern railway line are expected to commence soon. The investors under the Ghana-European Railway Consortium have signaled that they are ready to begin works as soon as Parliament and Cabinet approve the deal. This came to light at the launch of the commencement of negotiation of concession agreement […]
Vice President Dr. Mahamudu Bawumia today launched the Integrated Tax Application Preparation System (iTaPS) at the 2019 Tax & Good Governance Week of the Ghana Revenue Authority. This comes exactly a year after he challenged the management of the GRA to come up with a simplified electronic filing system that will enable taxpayers to file […]
The Controller and Accountant General, Eugene Ofosuhene says his department has cleared off all ghost names that existed on public sector payroll. According to Mr. Ofosuhene Ghana’s coffers for a long time has suffered a lot; losing huge portions of its revenue as a result of waste and leakage through the existence of ghost public […]
The Board of the World Bank Group has approved a total amount of $143 million International Development Association (IDA) credits and grants to help Burkina Faso, Djibouti, Ghana, Guinea and Senegal to step up the quality and provision of applied research and higher education with a focus on the areas of science, technology, engineering and […]
A yam and cassava processing factory to be commissioned as part of the government’s 1-district 1-factory program is 90% complete. This was revealed at a town hall meeting organized by the Nanumba North Municipal Assembly in collaboration with the Ministry of Information. The meeting served as the first activity of the second phase of the […]
Operatives of the Narcotics Control Board (NACOB) at the Kotoka International Airport (KIA) have busted a member of a money laundering syndicate in the country. The suspect, Darwich Hussein, 38, a Lebanese, who was travelling to Beirut, Lebanon, was arrested with $1.4 million and 256,000 euros in his carry-on bag at the KIA in Accra […]
The Nana Akufo-Addo government has been able to save the state a whopping amount of GH₵1.9 billion due to the tightening of the public procurement space, which prevented procurement malpractices. Chief Executive Officer (CEO) of the Public Procurement Authority (PPA), Adjenim Boateng Adjei, who announced this, cited a number of procurement malpractices which the authority […]
The Ghana Investment Promotion Centre (GIPC) in collaboration with the Dubai Chamber of Commerce is organizing an investment promotion mission to the United Arab Emirates (UAE) from the 6th to 13th April 2019. Partnered by the Ghana Free Zones Authority (GFZA) and the Ghana Export Promotion Authority (GEPA), the mission is being held on the […]
The former Chief Executive Officer of the Ghana Export Promotion Authority, Gifty Klenam has initiated a fruit Juice Processing factory with capacity of producing tons of varieties of fruit juice a day in the West Akyem Municipality of the Eastern Region. The factory Sunharvest juice factory has been commissioned and is fully operational under government’s […]
By Elvis DARKO, Accra Ghana is among eleven countries labeled as at high risk of debt distress in Africa. Ghana’s Public debt stock as at the end of 2018 stood at GH₵173.2 billion, according to the Summary of Economic and Financial data of the Bank of Ghana. High risk of debt distress The Economic Commission […]
The National Lottery Authority is cautioning the general public about the activities of fraudsters operating in the lottery space in the country. The Authority is particularly singling out lotto fraudsters, social media miscreants and illegal lottery among others, for blame, accusing them of perpetrating all manner of illegalities against it and the county at large. […]
