I Don’t Love Taxing
Finance minister Seth Terkper has dismissed claims that he is infatuated with taxes. Critics have often lambasted the Mahama government for imposing excessive taxes on Ghanaians, with many attributing the situation to…
Category: Business
Election Blues Trouble Investors As Fiscal Deficit Increases By 89%
Disappointing revenue performance and increased capital expenditure have pushed up the country’s fiscal deficit to more than GHC4.69 billion as of the end of July this year, creating uneasiness among businesses as…
Gov’t Negotiates To Access Remaining US$3bn Chinese Loan
Government is in strategic negotiations with Chinese authorities to access the remainder of the US$3 billion loan for energy and gas infrastructure projects, Seth Terkper, Finance Minister has said. This loan will…
MiDA Postpones Bidders Conference; Opposition Against ECG PSP Heightens
The Millennium Development Authority’s (MiDA) has postponed its planned Bidders Conference for six shortlisted entities that have shown interest in the private sector participation (PSP) of the Electricity Company of Ghana(ECG). According…
BoG To Announce Economic Capital Before Minimum Capital
Despite reports that the Bank of Ghana(BoG) may compel all banks in the country to meet the new capital requirement shortly, Banking Consultant, Nana Otuo Acheampong has told Citi Business News the…
Subah Wins Contract To Manage Sierra Leone’s International Gateway Monitoring System
Technology giant Subah Infosolutions has been awarded the International Gateway Monitoring System (GWMS) contract by the National Telecommunications Commission (NATCOM) of Sierra Leone. After a rigorous assessment of competitive bidding process forwarded…
Goldstar Air To Train Ghanaian Pilots In Lithuania
Goldstar Air, a wholly owned Ghanaian airline as part of efforts to indigenize its operations and rely on Ghanaians, is to employ retired Ghana Air Force pilots to man the company’s aircrafts….
France To Increase Investments In Ghana
French Prime Minister Manuel Valls has said French businesses are ready to increase their investments in all sectors of the Ghana’s economy. He said Ghana was stable, peaceful and had an enabling…
MASLOC Disburses More Than GH¢800,000.00 To Traders
Microfinance and Small Loans Centre (MASLOC) has disbursed a total of GH¢829,600.00 to women traders in 11 constituencies of the Ashanti Region to expand their businesses. The beneficiaries are; Adansi Asokwa, Obuasi…
Ada Rural Bank Posts Over GH¢290,000 In Profit
The Ada Rural Bank made significant gains in assets growth, investments and deposit mobilisation between 2014 and 2015, posting a profit of 296,837 cedis which represented 72 percent over the 171,996 cedis…
We Have Never Defaulted In Tax Payments In Ghana
Dangote Cement Company has stated emphatically that it has never defaulted in its tax payments in Ghana. The comment comes on the back of reports that the company is not satisfying all…
Govt’s Intention To Mortgage Gas Reserve Not Ideal
Energy expert, Kojo Poku says government’s intention to mortgage Ghana’s gas reserve with China for a Chinese loan is unjustifiable. The New Patriotic Party in a press conference earlier this week alleged…
Gov’t Must Engage Local Cable Manufacturers – ReRoy Cables
Local cable manufacturers have appealed to government to enforce the country’s local content laws to protect indigenous businesses. According to them, government can make local cable producers competitive by enforcing the local…
Dangote Focused On Growing Ghana’s Economy
The Dangote Group of Companies are focused on contributing to the economic growth of Ghana through job creation and the payment of taxes and would, therefore, not be drawn into any smear…
SADA To Raise $5bn For Agricultural Transformation
The Director of Integrated Development Programme of the Savannah Accelerated Development Authority (SADA), Dr Emmanuel Abeere-inga, has said the authority would raise $5 billion to transform the savannah ecological zone as part…
‘Don’t Base Budget Allocations On Revenue From Oil and Gas’
The head of Energy, Oil & Gas Unit of the Real Sector of the Ministry of Finance, Dr Joseph Asenso, has cautioned against basing budget allocations on projections for revenue inflows, from…
Gov’t Allocates GH¢1.8m To Help Boost Tourism
The government has released GH¢1.8 million to the tourism sector to help bolster and support its growth. The grant is a follow-up to a similar allocation of GH¢1 million given to the…
Greenstreet Boots Out GMO Foods
The Convention People’s Party presidential candidate has restated the party’s disdain for genetically modified organisms (GMOs), with a stern indication it would never taste the soils of Ghana under a CPP-led government….
Brace Up To Pay More For Power In 2017 – Expert
Energy expert Kojo Opoku is predicting that electricity consumers will be paying more for the service in 2017. According to him, the power distributor needs a lot of funds to deal with…
Dangote Not Flouting Trade Regulations In Ghana
The Chief Executive officer (CEO) of Dangote Cement Ghana Ltd, Tor Nygard has revealed the company’s commitment to delivering world standard product to the Ghanaian market coupled with customer satisfaction is the…