The Tax Justice Coalition – Ghana, a Non-Governmental Organisation (NGO), has held a public forum at Sefwi Wiawso to educate stakeholders on the significance of tax compliance and citizen's responsibility in developing the country.
It w…
To reduce the rate of accidents and casualties caused by Commercial motor riders, popularly called "Okada riders", the Ghana Medical Association has called for a total ban of their operations.
Dr Frederick Kwarteng, the Head of the Acci…
Oil prices have risen sharply after the killing of a top Iranian general in Iraq.
Analysts warned the action could escalate tensions in the region and affect global oil production.
The price of Brent crude jumped by more than 4% to h…
Ghana Grid Company Limited (GRIDCo) has restored power to the Volta Aluminum Company Limited (VALCo) after disconnecting electricity supply to the Tema-based aluminum smelting firm on Monday, December 30, over a US$30 million debt.
Nana…
The Fisheries Commission has been urged to reduce the announced increase in Fishing License fees for the operation of a fishing vessel on Ghanaian waters.
The Fisheries Commission in a letter dated December 31, 2019 and signed by its Ex…
The Jomoro Rural Bank has exceeded the GHc1,000,000.00 minimum capital requirement as the stated capital of the Bank stood at GHc1,038,268.00 as at the end of December 2018.
The Bank was able to reach the threshold since the Board memb…
MTN announced its Asset Realisation Programme (“ARP”) in March 2019 which aims to simplify its portfolio, reduce debt and risk, improve returns and realise proceeds of at least R15 billion over three years.
Following on the proceeds rai…
A strong performance by four financial stocks drove the benchmark index 18.60 points (+0.83%) upward to close at 2,257.15 with a year-to-date return of -12.25% while market capitalization was up 0.34% to settle at GH¢56.79 billion.
Ga…
Market Summary
There were no gainers or losers at the session as the benchmark index closed flat to start the new year at 2,257.15 with a 0.00% year-to-date return while market capitalization stayed at GH¢56.79 billion.
Consequentl…
Naming 2020 the year of gas for Nigeria has a really nice ring to it, but marketing alone will not cut it
“The Honorable Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva has declared 2020 as the year of Gas for …
High Street retailer Next has increased its profit forecast after enjoying better than expected sales over the Christmas trading period.
The company's full-price sales rose by 5.2% from 27 October to 28 December, 1.1% ahead of its own e…
The MTN Group has agreed to sell 49 per cent of its tower businesses in Ghana and Uganda to a subsidiary of American Tower Company for $523 million.
MTN in a statement revealed that 49 per cent of its holdings in Ghana Tower Interco B.V…
A tiny spark in the UK’s hydrogen revolution has been lit – at a university campus near Stoke-on-Trent.
Hydrogen fuel is a relatively green alternative to alternatives that produce greenhouse gases.
The natural gas supply at Keele Un…
The Peasant Farmers Association of Ghana (PFAG) has pledged its support for efforts being made to improve the agricultural sector towards achieving nutritional and food security in the country.
Mr Abdul- Rahman Mohammed, the National P…
The Auditor-General on Wednesday outlined moves to tighten the noose around audit for the 2019 financial year to include the declaration of assets and liabilities of public office holders in line with the 1992 Constitution.
In a stateme…
The 62-year-old Nigerian businessman and Africa’s most prominent industrialist ended the decade with a net worth of almost $15 billion
Aliko Dangote, Africa’s richest man, became $4.3 billion richer in 2019 as his fortune continued to g…
A conglomerate run by Asia's richest man has started a service that aims to compete with Amazon in India.
Mukesh Ambani's Reliance Industries said it had been inviting people to sign up to its grocery delivery service.
The company is…
Rice farmers in the five regions of the North have made a passionate appeal to government to put in place mechanisms to ensure that local farmers partake in decisions to resolve issues in local rice production.
According to the farmers,…
Celltel Networks Limited, Ghanaian Technology Company, has appointed local finance company, Ed & Co Capital Limited as financial advisors for the $500 million Ghana Smart Cities project.
A memorandum of understanding to that effect was …
In 2019, global trade tensions, political upheaval on the streets of Hong Kong, indecision over Brexit and a litany of corporate scandals dominated the business news agenda.
Executives lost their jobs, bankers were sent home, and big co…
Rich Citi Premium Showroom, dealers in wholesale and retail of mobile phones and electronic gadgets in Ho Sunday held a soiree for selected customers in Ho.
The three-hour event was for the Company to reconnect with clients ahead of the…
The Ghana Revenue Authority (GRA) Taskforce has impounded vehicles carrying goods along the Nsawam stretch without proper tax documents.
The road checks were to ensure that all goods were accompanied with proper tax documentation.
Th…
At Huawei, workers are either "tree-growers" or "pit-diggers" and the "heady scent of plums" comes only after the "bone-deep bite of winter".
So says a poetic New Year's message from the Chinese telecoms giant which sets out its "vision…
The Ghana Grid Company Limited (GRIDCo) says it has disconnected power supply to the Volta Aluminium Company Limited (VALCO) over a US$30 million debt owed it.
The transmission utility company, in a statement copied to the Ghana News Ag…
Vice President Dr Mahamudu Bawumia says Government would buy more vehicles manufactured by Kantanka Automobile Company Limited to boost the Company's operations and stimulate other local automobile assembling companies to increase producti…
The Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS), Mr Archie Hesse, has urged the public to adopt electronic payment as a lifestyle in the coming year.
He said the benefits of opting for electronic payments …
Market Summary
The GSE Composite Index closed 16.06 points (-0.71%) lower at 2,238.55 with a year-to-date return of -12.97% while market capitalization moderated by -0.29% at GH¢56.60 billion.
The GSE Financial Index was down 26.08…
Zcoin (zcoin.io [1]), a privacy focused cryptocurrency is set to be the first cryptocurrency project to release Receiver Address Privacy (RAP) on a desktop wallet. RAP is an implementation of Reusable Payment Codes (BIP47) [2] originally p…
Tony Elumelu Foundation to Open Applications for the 2020 TEF Entrepreneurship Programme on January 1, 2020
The Tony Elumelu Foundation (TEF) — an African private-sector-led philanthropy dedicated to empowering African entrepreneurs — …
Africa's largest mobile operator MTN says it is reviewing allegations that it paid protection money to militant Islamist groups in Afghanistan.
The allegations, made in a legal complaint filed in a US federal court on Friday, say the fi…
The Ministry of Fisheries and Aquaculture has begun a mass immunisation of fish farms in order to curtail further occurrences of fish diseases.
The exercise comes after the recent strange deaths of tilapia in fish farms along the Volta …
Cabin crew at Lufthansa's low-cost airline Germanwings are staging a three-day strike over the New Year period, forcing the cancellation of about 180 flights.
The walkout, called by the UFO union, began at 23:00 GMT on Sunday and will l…
The ARB Apex Bank has secured eight million dollars in grant from the World Bank to roll-out agency banking operations to expand rural and community banking.
The agency banking module is expected to rope in more than 1,000 agents acros…
Efo Kwame Dzakpasu, the Head of Marketing and Corporate Communications of UBA Ghana, has said that bank is in the process of expanding its reach to about five extra operational areas in the coming year.
He said the bank had started work…
Huawei, a technology development firm has said it maintained the second place in global shipment quantity with an increase of 28.2 per cent despite the Google ban.
A statement copied to the Ghana News Agency said the International Data …
The Birim Central Municipal Assembly has held a ceremony to reward the best performing revenue collectors of the year.
The maiden event saw Miss Victoria Agyei winning the Overall Best Permanent Revenue Collector and she took home a ref…
The Government has welcomed the decision by eight members states of the West African Economic and Monetary Union (UEMOA) to adopt the ECO, the proposed new common currency of ECOWAS set to begin in 2020.
A statement issued by the Jubile…
Market Performance
Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Losers
Market Summary
Upward price movements in four banking and telecom counters pushed the benchma…
Tesla has delivered its first cars made in China, marking a major milestone for the electric vehicle maker.
Fifteen Model 3 sedans were handed over at the company's so-called "Gigafactory" near Shanghai.
It comes as Elon Musk's compa…
By launching the "Challenge des 1000", France is inviting 1000 African entrepreneurs to come and present their solutions at the Cité des Solutions
Are you an African entrepreneur? Do you bring innovative solutions to foster the emergenc…
The Bank of Ghana (BOG) has advised retailers not to reject the new GH?100 and GH?200 currency notes as they are legal tender.
The advice follows a viral video where a retailer is seen turning away shopper at Achimota in Accra when he i…
Zcoin (XZC), a privacy focused currency recently launched its Zcoin Crowdfunding System (ZCS) [1] as a key step in decentralizing funding and decision making of the project.
The core team of Zcoin recently elaborated its plans to furthe…
The Takoradi Port this year recorded a total port traffic of 9.9 million metric tons as against 8.2 million metric tons last year, representing 21 per cent increase in total port traffic.
It also recorded a rise of 2.2 million metric to…
Telecom giants, Vodafone Ghana has expressed its commitment to building a robust network to satisfy the needs of Vodafone internet subscribers.
By this commitment, Vodafone would invest in more cell sites in different parts of the count…
While many have welcomed Andrew Bailey's appointment as the new governor of the Bank of England, some suggested he has one key flaw: he is a white male.
In different circumstances that might not have raised hackles. As boss of City regu…
Parliament, before it rose deep in the night on Monday for the Christmas holidays, gave the Government the approval to spend GHC98.036 billion for the 2020 financial year.
The approval runs from January 1, 2020 to December 31, 2020.
…
Some traders at the Nima Market have said the patronage of their sales ahead of the Christmas season is unsatisfactory.
They attributed it to low cash flow in the system, relatively high prices and the commonality of the goods sold.
…
Mr Anthony Dekagbe, the Head Ho Small Tax Office (STO) of the Ghana Revenue Authority (GRA), has said refusal by entities to honour their tax obligations is a threat to national security and must be considered a criminal act.
He said th…
Black Friday discounts and bad weather have been blamed for a decline in Boxing Day shoppers, with retail analysts reporting a fall in the number of people heading for the sales.
Springboard, which analyses customer activity in stores, …
The Chief Executive of Stanbic Bank Ghana, Mr Alhassan Andani, has called for the need to ensure that leaders go through a very practical way of understanding the ups and downs in life.
This, he said would help the leaders develop bette…
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