Government is asking all legitimate government workers who have not gone through the SSNIT biometric registration to do so before their salaries will be released to them.
A statement signed by Mr Kwaku Kwarteng, the Deputy Minister of F…
Scores of Oil Marketing Companies (OMCs) on Wednesday called on the National Security to tighten the noose around Petroleum Black Market dealers whose infiltration into the sector posed a great risk to the national economy.
Mr Henry A…
The Controller and Accountant General’s Department (CAGD) says public sector workers who failed to biometrically update their data will not be paid for April unless the Ministry of Finance reverses its decision.
About 26,589 public sect…
The Ghana Revenue Authority (GRA) is set to employ all necessary controls to defray loss of revenue caused by MBG Limited and Holman Brothers Ghana Limited in the importation of vehicles and equipment owned by Mr Ibrahim Mahama.
The dec…
Ghana’s provisional annual growth rate for 2016 stands at 3.5 per cent, down from 3.9 percent in 2015, acting government statistician Baah Wadieh said on Wednesday.
Speaking at a press conference to announce the rate, Mr Wadieh said for…
The cedi outperformed the U.S dollar and the euro but depreciated versus the British pound at the close of trading in the week ending April 21. It recorded a 1.13 per cent appreciation against the U.S. dollar as investors languished over w…
The government, through its National Industrial Revitalisation Programme (NIVP) has provided GH?220 million to revive distressed but viable local companies across the country.
The programme, which will be spearheaded by the Ministry of …
Santander UK boss Nathan Bostock has warned that the bank faces a "changeable and potentially more challenging" economic environment.
Santander UK's Spanish owner is nursing an 8.1% decline in profit from its UK business after a decline…
The District Governor (DG) of Rotary International District 9102, Mr Sam Worentetu, has urged government to make the youth appreciate the value of time as it leads to the increase of revenue and income in the country.
Speaking to the me…
Fiscal policy think-tank, the Institute for Fiscal Studies (IFS), has backed government’s decision to cap revenue allocations to statutory funds at 25 per cent of tax revenue, but fears gains from that “bold step” would be neutralised by c…
There’s a lot riding on Nigeria’s new foreign-exchange platform.
The system -- called the Investors’ and Exporters’ FX Window -- is the central bank’s latest attempt to lure back traders who fled in the past two years. The idea is that …
The short interest in Ford Motor Co. (NYSE:F) rose by 11.7 million shares to 121.6 million for the period that ended April 13. Ford's total short interest was fifth among all stocks traded on the New York Stock Exchange.
Ford's shares h…
During the election campaign, Donald Trump called for a simpler tax code and lower tax rates on business and families. The administration provided an update on Wednesday.
What's the headline?
Lower business taxes.
During the campa…
Michael Tobin OBE, former chief executive of data center operator Telecity, who is a key speaker at the upcoming TMT Finance Africa 2017 event in London, said there is massive potential for datacentre investment in Sub-Saharan Africa
La…
In every insurance contract, it is imperative for both the insured and the insurer to demonstrate good faith towards each other. A couple of weeks ago, the principle of ‘Utmost Good Faith’ was reviewed, from the insurers’ perspective. In t…
Economic growth in Sub-Saharan Africa is rebounding in 2017 after registering the worst decline in more than two decades in 2016, according to the new Africa’s Pulse, a biannual analysis of the state of African economies conducted by the W…
Today, executives have to cut through a lot of hype around automation. Leaders need a clear-eyed way to think about how these technologies will specifically affect their organisations.
The right question isn’t which jobs are going to be…
Vice President Dr Mahamudu Bawumia has assured Ghanaians in Diaspora that the Government was committed to making Ghana the most preferred destination and business-friendly economy on the African continent.
The Vice President and Minist…
The third annual International Conference on Business Management and Entrepreneurial Development (ICBMED) has ended at the University of Professional Studies, Accra (UPSA).
The two-day conference, which was organised by the UPSA, was on…
The Agricultural Development Bank (adb) has announced a total of GH¢450 million to, among other initiatives, support the government’s ‘Planting for Food and Jobs’ programme.
The fund, according to Mr Daniel Asiedu, Managing Director of …
The President of the Ghana Association Bankers (GAB), Mr Alhassan Andani, says the international capital market could punish the economy for public comments that impugn wrongdoing in the recently issued US$2.25 billion bonds.
As a resul…
Two hundred (200) cocoa growing communities across five districts in the Western Region are to benefit from a US$900,000.00 three-year project, designed to lift women farmers out of poverty and improve child’s social protection.
The ben…
The Ghana National Gas Company (Ghana Gas), says it has renewed a Project Implementation Agreement with the conglomerate, Yantai Jereh Oilfield Services Group Co. for engineering and survey studies on the proposed 278 kilometre onshore nat…
The Bureau of National Investigations (BNI) has initiated investigations into a missing Gh¢35million said to have been disbursed as loans by the Ghana Venture Capital Trust Fund.
The BNI suspect fraud since the beneficiaries of the loan…
The Public Accounts Committee (PAC) of Parliament has taken issues with the Bank of Ghana for its failure to capture a transaction involving the export of more than 40,000 tonnes of bauxite by the Ghana Export Company Limited in its audite…
The Minister of Communications, Hon Ursula Owusu-Ekuful paid a working visit to the offices of Airtel Ghana – the Smartphone Network – to interact with the Executive Management team and acquaint herself with the operations of the Changemak…
This week, more than 138,000 vaccinators will fan out across five African countries in the Lake Chad area in a push to eliminate polio in Africa and rid the world of this terrible disease forever.
They will take boats across fast-flowin…
The Deputy Minister of Communication, Mr George Nenyi Andah, has expressed the resolve of the government to address factors which escalate the cost of Internet data in the country.
To that end, he said the government would soon introduc…
Investor interest in the government's district industrialisation programme (DIP), christened 'One District, One Factory' (ODOF), is gathering momentum, with financial commitments from the private sector into the initiative totaling US$3 mi…
The Integrated Social Development Centre (ISODEC) says Ghana would be able to finance its own development without external aid if the loopholes that engender illicit financial outflows are plugged.
According to ISODEC, Ghana and other A…
NEW YORK/LONDON (Reuters) - Gold fell more than 1 percent on Monday, after the market's favoured French presidential candidate won the first round of the country's election, but prices pared losses as U.S. Treasury yields came off their hi…
Fast food chain McDonald's is to allow its UK staff a choice of working fixed hours or having zero-hours contracts.
There has been controversy about firms using zero-hours contracts but not allowing staff to work elsewhere.
McDonald'…
Confectionery giant Nestle plans to cut almost 300 jobs, mainly in York and Newcastle, and move production of the Blue Riband chocolate biscuit to one of its factories in Poland.
Sites in Halifax and Girvan will also be hit, but the com…
Coca-Cola Co (KO.N) said on Tuesday it would cut about 1,200 jobs as the beverage maker expands its savings target amid falling demand for fizzy drinks globally.
Shares of the Dow component were up marginally at $43.39.
Coca-Cola and…
Côte d’Ivoire’s membership in ATI is seen as an integral part of the government’s strategy to attract more investments and to diversify the economy through increased trade and investment opportunities
The African Trade Insurance Age…
Ethiopian Airlines Inflight Catering, the largest single in-flight catering facility in Africa, has won the Outstanding Food Service by a Carrier in Africa Awards on PAX International Readership Awards 2017 held in Hamburg, Germany.
A…
Ispace, a technology and creative hub, has groomed 33 young people who pitched their business ideas in a presentation over the weekend.
Mr Josiah Eyison, Founder of Ispace, said the hub trained people, especially young women who wanted…
The Bank of Ghana (BoG) has directed banks with minimum capital below industry levels to, as a matter of urgency, submit to the central bank comprehensive recapitalisation plans.
This is to strengthen the financial sector, enhance the c…
More than 200 workers of the Prestea Sankofa Gold Limited in the Western Region who have not received their salaries for the past nine months have appealed to the government to inject capital to revamp their operations.
They said the …
Chocolate addicts, it’s probably a good time to start stocking up. The treats may not be this cheap much longer. Cocoa’s 42 per cent slump over the last 12 months makes it the worst performer among 34 commodities tracked by Bloomberg. Pric…
Toy-maker Hasbro said revenues in the first quarter increased 2%, prompting a surge in share value on Monday.
The US firm, which owns brands such as Play-Doh and Disney Frozen, saw growth in the US and Canada, and in its entertainment a…
U.S. President Donald Trump indicated an openness on Monday to delaying his push to secure funds for his promised border wall with Mexico, potentially eliminating a sticking point as lawmakers worked to avoid a looming shutdown of the fede…
Ghana and Zambia have become the newest members of the African Financial Markets Initiative (AFMI), under the auspices of the African Development Bank (AfDB) and Bloomberg African Bond Index.
The AfDB/AFMISM Bloomberg® African Bond Inde…
The Deputy Minister of Youth and Sports, Mr Pius Enam Hadzide, has called for the relocation of the Youth Employment Agency (YEA) and the Youth Enterprise Support (YES) to the Ministry of Youth and Sports.
This, he says, is a necessary…
Zimbabwe's "bond note" surrogate currency will not solve its economic problems, the International Monetary Fund said, adding that only comprehensive reforms would address a fiscal crisis.
The southern African nation last year introduced…
The Ashanti Regional Minister, Mr. Samuel Osei-Mensah, has indicated a more aggressive push to boost tourism to substantially raise its contribution to the economy.
He said deliberate steps would be taken to develop tourist attraction s…
The Sekondi-Takoradi Metropolitan Assembly would soon create weekly “open market days” in Takoradi to help traders in the various communities around the business district of Takoradi to sell their products.
The move would not only en…
First National Bank (FNB) intends to embark on an expansion drive this year by adding more branches to its existing five branches.
The bank intends to open branches in Kumasi, Takoradi, Tema, and Cape Coast in a bid to reach out to as m…
A team of senior government officials, led by the Vice President, Dr Mahamudu Bawumia, have moved to New York to sell Ghana’s success story on a non-deal roadshow.
The roadshow is expected to help attract investors into the country and …
Stanbic Ghana has launched a new campaign to encourage the citizens to cultivate the habit of saving.
Dubbed, ‘Save to Gain’, the four-month campaign, is a national savings programme to promote financial inclusion and economic growth an…