Prime Business, Economic and Financial News

Tax Stamp Policy: Gov't threatens to sanction non-compliant businesses

Government has announced that it will sanction businesses that fail to comply with the March 1st deadline for the implementation of the Tax Stamp…

Gov't to release Exton Cubic's mining equipment

Government is expected to release the seized heavy mining equipment belonging to Exton Cubic Company Ltd, this week, a source from the Attorney General’s department has disclosed.

Pursue ‘Ghana Beyond Debt’—Ishmael Yamson to gov’t

Former Chief Executive of Unilever Ghana, and now Board Chairman of Standard Chartered Bank Ghana, Dr. Ishmael Yamson has tasked government to pursue a ‘Ghana Beyond Debt’ agenda in addition to the…

Parliament passes Special Petroleum Bill to reduce Tax

Parliament of Ghana has today February 15, 2018, passed the Special Petroleum Tax Amendment Bill to reduce the tax from 15 percent to 13 percent.

Inflation rate drops by 1.5% in January

The inflation rate for January has seen a 1.5 percentage decrease from the 11.8 percent recorded in December 2017 to 10.3 percent in January 2018.

Britain to add Nigeria’s naira to list of accepted trade currencies

Britain’s export finance agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local…

ARB Apex Bank to raise GH₵100m to support local banks

The ARB Apex Bank, the apex body for Rural and Community Banks (RCBs), is to raise GH₵100m to support the activities of RCBs nationwide, the bank’s Managing Director, Kojo Mattah, has confirmed.

Akufo-Addo appoints 2nd Deputy BoG governor

President Nana Akufo-Addo has appointed Elsie Awadzi as the 2nd Deputy Governor of the Bank of Ghana.

Akufo-Addo's NPP, NDC comparison baseless- IMANI

President of Imani Africa, Franklin Cudjoe has described as baseless, President Akufo-Addo's touting of his government's reduced reliance on sole-sourcing during his State of the Nation Address.

Ghana to soon export 50MW of electricity to Burkina Faso

Ghana Grid Company, GRIDCo, will soon start the exportation of some 50 megawatts of electricity to neighboring Burkina Faso once work on the interconnection lines has been completed.

High tariffs making businesses in Ghana uncompetitive- AGI

Association of Ghana Industries, AGI, has attributed the uncompetitiveness of businesses in Ghana to the high tariffs being suffered by this business owners.

Ghana to lose US$119m in ECG privatization grant

ECG privatization- Ghana risks losing 119 million dollars under the Power Compact II, if the government does not take steps to meet certain requirements by September this year.

GCB Bank shuts down 31 defunct branches

GCB Bank has shut down 31 branches of the defunct UT and Capital Banks after it successfully completed the full integration of the systems of the two collapsed banks to offer customers a wide network…

BoG unperturbed by digital currency inroads in Ghana

The Bank of Ghana is self-assured it should be able to regulate activities on the use of digital currencies in Ghana, with the passage of the new laws on electronic financial payments in Ghana.

Fuel prices to go up by 2 % if… - IES

The Institute for Energy Security (IES) has forecasted a 2 percent rise in fuel prices in the first pricing window of February 2018 if the government fails to implement measures to keep prices steady.
minister_of_energy_ Boakye_Agyarko

Ghana to become West Africa’s hub for quality petroleum products

Government, through the Energy ministry, has revealed its projections for the country’s petroleum downstream sector, which is to become West Africa’s preferred hub for quality refined petroleum…