Investigations have revealed, the Ministry of Local Government and Rural Development single-sourced a 98-million-cedi spraying contract to eleven companies belonging to the Jospong Group of Companies in 2015.
President Jacob Zuma and his ruling African National Congress have broken the business community’s trust after he recalled a finance minister from an investment roadshow in the U.K. and then fired him in a cabinet shuffle, the head of Business Leadership South Africa said.
Beige Bank (formerly Beige Capital) has dismissed claims that it received a GH¢40 million loan from the Social Security and National Insurance Trust (SSNIT) in 2015.
The Civil and Local Government Staff Association, Ghana (CLOSAG), has called on Government to promote “political neutrality†in the appointment of persons to public offices, to propel economic growth.
The Controller and Accountant Generals' Department has suspended August salaries of seven thousand (7,000) workers in the country’s public sector because their heads of department failed to validate them.
One thousand five hundred (1500) Small and Medium Enterprises (SMEs) in Ghana are expected to benefit from the maiden edition of the Stanbic bank business incubator programme.
The Ministry of Finance has announced it will investigate 16 State Owned Enterprises (SOEs) for their failure to submit audited financial statements for the last two years (2015 & 2016).
The Institute for Energy Security (IES) has challenged the government to rethink its decision to sell assets of the Volta River Authority because it is not efficient.
The government has finally agreed to extend the International Monetary Fund, IMF, program to December 2018. This is despite several denials that the program was not going to be extended.
Total exports value from the Ghana Free Zones since its inception in 1996 now stands at $30.9 billion and nearly 10% of that amount [$2.6 billion or 8.4%] realized only in 2016.
