The Minister of Finance, Mr Ken Ofori-Atta, has charged the newly inaugurated Governing Board of the Ghana Revenue Authority (GRA) to initiate “aggressive” measures, including the prosecution of tax evaders, to raise revenue for the state.…
Vodafone has reported an annual loss of 6.1bn euros (£5.2bn), due partly to a big write-down in the value of its Indian business.
The mobile phone giant, which operates in 26 countries, wrote down the value of its Indian unit by 3.7bn e…
Fast-moving consumer goods manufacturer, Unilever Ghana Limited, lost 4.3 per cent of its revenue to increased competition and rising cost of production last year.
In 2015, Unilever’s revenue was GH¢518.7 million but dropped to GH¢496.3…
Standard Chartered Bank has reiterated its commitment to continue its investments in Africa and the Middle East region.
Through a campaign dubbed, “No.1 Bank: power your ambitions”, the bank said it would continue to come out with innov…
Corporates will benefit from invaluable insights, rethinking Africa’s financing and investments
As one of the foremost events on the international Oil and Gas calendar, the 16th Africa Independents Forum to take place in London over 24t…
As part of the Ghana @ 60 celebrations, Precise Communications Limited would host the maiden annual Ghana Finance Week in October to educate and inform the public about the various financial products that could enhance their lives and busi…
Ghana is to host the fourth Annual Conference of the African Federation of Institutes of Internal Auditors (AFIIA), the regional body of the Global Institute of Internal Auditors in Africa, to deliberate on risk management and corporate go…
The Ghana Oil Company Limited (GOIL) has set May 18 for its 48th Annual General Meeting of Shareholders, to receive and consider the reports of the Auditors Financial Statements for the year, which ended December 31, 2016.
“The Board of…
Ghana's inflation rate which over the past seven months witnessed declines on account of government’s determination at stabilising the economy failed to ease in April.
The ripple effects of the recent upward adjustments of transportati…
Vice President Dr Mahamudu Bawumia, on Monday gave the assurance that Government would break the circle of fiscal indiscipline that characterise government expenditure during elections.
“We the politicians must be kept in check because…
The Association of Ghana Industries (AGI) Construction Sector Executives have called on the Minister of Business Development Mr Mohammed Awal and the Chief Executive of the Public Procurement Authority Mr. Agyenim Boateng Adjei.
The vis…
Mr Vincent Blaychie Essien, Chairman of the Board of Directors of the Ahantaman Rural Bank Limited said the imposition of high rate of corporate taxes on rural banks was gradually affecting the operations of most rural banks in the countr…
The Cola-Cola Bottling Company of Ghana (TCCBCG) has won the “Bottling Company of the Year” and the “Beverage Manufacturing Company of the Year” awards in the Ghana Manufacturing Awards ceremony held in Accra.
The Ghana Manufacturing A…
The Minister of Finance, Mr Ken Ofori-Atta, has given an assurance that the government will ensure macro-economic stability through sound and prudent fiscal policy management.
He said the ministry would be guided by the Public Financial…
Major U.S. multinationals are pushing the Trump administration to deepen the tax break it has already tentatively proposed on $2.6 trillion in corporate profits being held offshore, a key piece in Washington's intricate tax reform puzzle.
…
UK-based telecoms group Vodafone moved to consolidate two of its African interests on Monday with the transfer of a 35 percent stake in Kenya's Safaricom to majority-owned South African subsidiary Vodacom.
The deal is the latest move b…
The Chinese government is investing tens of billions of dollars as part of an ambitious economic plan to rebuild ports, roads and rail networks.
China's President Xi Jinping has pledged $124bn (£96bn) for the scheme, known as the Belt a…
The Ghana Investment Promotion Centre (GIPC) is soliciting the inputs of its stakeholders as part of efforts to review the current GIPC Act 2013.
The Head of Legal of the GIPC, Naa Amerley Orleans Lindsay, said the GIPC legislation was…
The Minister of Energy, Mr Boakye Agyarko has addressed the Committee of Ministers (COM) of the West African Gas Pipeline Project in Cotonou, Benin.
A statement issued by Mr King A. Wellington, the Head of the Communications Unit, Minis…
The Ghana Cocoa Board said the purchase of the 2016/2017 Main Crop Cocoa Season would cease at the close of business on Thursday, May 18, 2017.
This was in a statement issued by the Chief Executive Officer of COCOBD and copied to th…
Many businesses closed operations at Ivory Coast's main port in Abidjan on Monday amid a worsening army mutiny and a decision by the banking association to shutter banks, commodities exporters told Reuters.
"We initially started but the…
Oil prices have risen more than 3% after Saudi Arabia and Russia said a deal to cut production should be extended until March next year.
A barrel of Brent Crude jumped to $52.52 following a meeting in China between the two countries.
…
The government is taking steps to revive the initiative to brand the country to help promote the country’s image on the global markets.
The Ministry for Business Development has, consequently, initiated discussions with the Ministries o…
Mr William Boakye-Acheampong, Northern Regional Director of Agriculture, has called on seed producers to take advantage of government’s Planting for Food and Jobs campaign to produce quality seeds for production.
He said the success of …
Ms Eva Mends, a Chief Economics Officer has been appointed by the Government as the Acting Director of Budget at the Ministry of Finance.
Her appointment has made her the first Ghanaian female to be appointed to the position.
Ms Mend…
SMSGH has now rebranded to Hubtel. The event took place at the Holiday Inn. SMSGH started as a messaging service which later included sending/receiving money. Hubtel provides services to clients through mobile devices such as bulk messagin…
The South Korean government has ordered carmakers Hyundai and Kia Motors to recall about 240,000 cars, after a tip off from a whistleblower.
The ex-Hyundai employee raised concern about defects which affected 12 different car models.
…
The Ministry of Energy will hold the Ghana Energy Summit from June 13 to 14 in Accra, as part of efforts to open the sector to both local and international investors.
Mr Ken Wellington, the Public Relations Officer of the Ministry, said…
Steve Wanner is a highly respected 37-year-old partner at Ernst & Young, married with four young children. When we met him a year ago, he was working 12 to 14 hours a day, felt perpetually exhausted and found it difficult to fully engage w…
The Civil and Local Government Staff Association (CLOGSAG) has called on the Public Accounts Committee of Parliament (PAC) to carry out an investigation into the nature of consultancies on the government payroll.
Mr Isaac Bampoe Addo, t…
The Cal Bank has signed an agency agreement with the International Finance Corporation (IFC) to deploy agent banks, in a bid to reach the unbanked, and mobilise deposits at cheaper cost.
Mr Phillip Owiredu, Executive Director of CAL Ban…
The Ghana Investment Promotion Centre (GIPC) is in the process of soliciting views and ideas from the diplomatic community and foreign business associations towards the review of the current GIPC Acts 2013.
The event forms part of a se…
Black Stars skipper Asamoah Gyan scored the winning goal for Al Ahli as they pipped Bani Yas 2-1 on the final day of the Arabian Gulf League (AGL) season on Saturday.
Ahli took the lead through Senegalese striker Diop Makhete in the 7th…
Germany's economy grew strongly in the first three months of this year, driven by investment and consumption, official figures show.
First-quarter GDP growth was 0.6%, faster than the October-to December 2016 figure of 0.4%.
Househol…
GBfoods, a leading multinational food company headquartered in Barcelona, and Helios Investment Partners, a premier Africa-focused private investment firm, have partnered to create one of Africa’s largest Fast-moving consumer goods busines…
The Chairman of Kumasi City Mall, Mr. Kofi Sekyere, has said it is time Ghanaians saw shopping malls as potential markets for locally produced and manufactured goods to enable retail shopping facilities to contribute towards the country’s …
Activity in the UK's industrial and construction sectors shrank in March, new figures show.
The Office for National Statistics said industrial output fell 0.5% compared with February, when it dropped by a revised 0.8%.
Falling demand…
Chief Executive of Vodafone Ghana, Yolanda Cuba, on Wednesday, demonstrated great leadership and commitment when she took to the company’s Twitter handle to respond to queries and questions from its numerous followers.
It was a rare opp…
The Money lenders Association of Ghana has been renamed Micro-Credit Association of Ghana (MCAG) to give it a new image. Mr. Frank Mawutorborbor, its Executive Secretary, said the name change was meant to shed off the negative connotation.…
The World Bank Group is supporting the Electricity Company of Ghana (ECG) to improve its systems to be able to reduce its losses, which are estimated to be at 40 per cent of total production.
The support includes helping the ECG to inst…
The Bank of Ghana has directed banks to classify loans on their books owed by Bulk Distributor Companies, as efforts on the part of government to repay the debts had waned significantly.
According to Mr Phillip Owiredu, Executive Direct…
Mr Boakye Agyarko, the Minister of Energy, Wednesday reiterated Government’s commitment to reforming the country’s power sector to meet the exponential demands from industry, businesses and households.
He said there had been attempts by…
An inception mid-tern review international workshop of the Food and Agriculture Organisation (FAO), dubbed: “Strengthening Agricultural Statistics and Food Security Information in Coalition for African Rice Development (CARD) countries,” …
Government has released an amount of one hundred and six million, six hundred and ninety-seven thousand, six hundred and twenty-eight Ghana Cedis, eighty pesewas (GHc106,697,628.80) to the Registrar of Scholarships for payment of feeding …
A new Atlas charts data from 54 countries shows the energy potential of Africa and opportunities for investment to meet the continent’s energy needs. It said energy consumption in Africa is the lowest in the world, and per capita consumpt…
Vice President Dr Mahamudu Bawumia has said Government has began implementing policies and programmes intended to make Ghana the most business-friendly country in Africa.
These include ensuring fiscal discipline, cutting the budget defi…
The Bank of Ghana (BoG) has cautioned the general public to refrain from engaging the services of a supposed financial entity called MMM Ghana.
A statement by the Communications Department of the BoG noted that the company operated a P…
President Nana Addo Dankwa Akufo-Addo has bemoaned the fact that Ghana continues to be a retailer of cheap imported goods, whilst indigenous products suffered low patronage. He said the phenomenon has weakened the capacity of local produc…
The Upper Presbytery of the Presbyterian Church of Ghana, has expressed concerned about the activities of some spiritualists who appear on television purporting to have the ability to conjure money to make people rich overnight.
“It is …
Zimbabwe has secured a syndicated loan put together by the African Export-Import Bank that will enable it to clear $1.7 billion of arrears with the World Bank and African Development Bank.
The funds will allow the southern African natio…