Stakeholders in the tourism and hospitality industry are set to improve their capacity to help enhance their operations.The Tourism Booster seminar, which is scheduled for Accra, Kumasi and Elmina, is a collaboration between the Ministry o…
The Ghana Revenue Authority (GRA) has directed all financial institutions to discontinue the charging of 17.5 per cent Value Added Tax (VAT) on financial services they provide for their clients.
The directive follows the government’s re…
New entrant to the banking sector, OmniBank, is set to roll out two products as it seeks to consolidate its foothold in the country since it started its operations last year.
The bank is optimistic that by launching its Free for all Ac…
INVESTMENT BANKING FEES Sub-Saharan African investment banking fees reached an estimated US$78.7 million during the first quarter of 2017, 21% less than the value recorded during the first three months of 2016 and the lowest opening quarte…
As French voters go to the polls to elect a new president, the country's relationship with the European Union, immigration and terrorism will all be important themes.
But there is always an economic context that will feature as a major …
The two per cent cut in the central bank’s key “monetary policy rate” on Monday, January 27, 2017 has been received by anxious business analyst and the general public as welcome news.
To most business connoisseurs, the decision is a cle…
The Ministry of Energy is currently in the process of developing a Gas Bill and intends to submit it to Parliament for approval, this year.
The bill, when approved is expected to provide a transparent regulatory framework for the gas in…
The International Monetary Fund (IMF) has asked the Bank of Ghana (BoG) to ensure that banks with minimum capitals below the industry requirement prepare “credible and time-bound recapitalisation plans” that will serve as blueprints to the…
General Motors has said its Venezuelan car plant has been seized by the government as political tension rises in the country.
Long-standing divisions in Venezuela have been brought to the fore by a deepening economic crisis.
GM said …
BMW's first quarter profits rose more than expected after the value of its stake in the mapping service Here was boosted by an investment by Intel.
The German car giant reported pre-tax profits of 3bn euros (£2.5bn), a 27% jump from the…
The Social Security and National Insurance Trust (SSNIT) has held an employers’ workshop on online contribution report (CR) submission and payment through the banks.
It is to train more employers in the Social Security payment process.
…
Members of the Board and Management of Bank of Africa Ghana have paid a courtesy call on President Nana Akufo-Addo at the Flagstaff House to pledge the bank’s support to the government in developing the country’s economy.
The delegation…
The 2016 edition of the Ghana Manufacturing Awards is scheduled to take place at the Kempinski Gold Coast Hotel on April 29, 2017.
The awards which celebrates innovation in the industry with the ultimate aim of compelling professionals …
Soft growth in North America, Europe and Brazil hurt sales at Unilever and Nestle, two of the world's major consumer companies.
But both firms said they expected to meet sales goals stated previously.
Nestle reported organic growth o…
Peini, the socially conscious cosmetic brand that produces 100% organic products for skin and hair from naturally sourced oils and agro-products indigenous to Ghana and Africa has been nominated for the 2017 GUBA (Ghana UK Based Achievemen…
Kumasi City Mall, the US$95 million dollar retail facility, opened and commenced trading today, making the Ashanti regional capital the second city in Ghana with the complement of an A-grade shopping and recreational centre.
The sprawli…
A Deputy Minister of Trade and Industry, Mr. Carlos Ahenkorah, says Ghana a signatory to the WTO Trade Facilitation Agreement is too small a country to have two Single Window operators.
He, has, therefore challenged the pioneer and only…
President Nana Addo Dankwa Akufo-Addo has reiterated his government’s commitment to make agriculture the pivot of Ghana's economic and social development.
He noted that if Ghana was to make any meaningful change in the lives of the peop…
The banking industry average base rate as at the end of March stood at 26.7 per cent, data from the Bank of Ghana has shown.The data indicates a drop of 0.9 per cent in the base rate from the month- end January rate of 27.6 per cent. The d…
The Kwamanman Rural Bank has inaugurated its Head Office building at Kwamang in the Sekyere Central District, pledging to give strong support to small-scale and medium enterprises (SMEs). Mr. John Brefo, the Board Chairman, said it wa…
Airport View Hotel has held a series of activities to mark 15 years of its existence in the hospitality industry.
The hotel hosted corporate clients, suppliers and Journalists to a lunch last Thursday at the Luna Restaurant rooftop terr…
The shareholders of United Bank for Africa (UBA) Plc have approved the payment of N19.9 billion as final dividend for the financial year ended December 2016. This is in addition to N7.3billion interim dividend paid after the audit of its 2…
The management of Achimota Retail Centre (ARC) has launched a promotion to give an opportunity to three of its loyal customers to visit the Zaina Lodge at the Mole National Park in Tamale.
Through the promotion, dubbed ‘Passport to Shop…
Ghana Investment Promotion Centre (GIPC) is setting up a database of investment opportunities and investible assets in the country.
It will be made available to both investors and potential investors to enable them to make informed inve…
Indigenous engineers at the Ghana National Gas Company (Ghana Gas) have finally taken over technical operations of the country’s premier natural gas processing plant at Atuabo in the Western Region.
Consequently, the company has dispens…
Perseus Mining Ghana Limited (PMGL) at Ayanfuri, in the Central Region, has reaffirmed its strong commitment towards providing the needed socio-economic infrastructure to raise the quality of life of the people in areas, where it has been…
The study takes a look at the how the market has democratized mobile internet use, the consumer behaviors driving increased smartphone adoption and the role of mobile brands, mobile operators and m-commerce in creating a synergy of an enha…
Workers at three BMW plants in the UK are staging a one-day strike in a row over pensions.
The walkout, the first by BMW staff in Britain, is part of a wave of stoppages at the carmaker over the closure of a final-salary pension scheme.…
The continuous dwindling in the fortunes of the cashew sub-sector has ignited calls on the government to save the situation from its present quagmire.
Subsequently, the Cashew Industry Association of Ghana (CIAG) has called on the gover…
Concerns over the huge foreign dominance in the country’s recent uptake of $2.25 billion in offshore bond transaction have sparked fears of imminent exchange rate shocks when investors withdraw from the market.
Ghana sold GH¢ 3.42 billi…
The busy and congested nature of the Central Business District of Accra has been reduced as most traders have travelled to their hometowns to celebrate the just ended Easter festivities.
A survey conducted by the Ghana News Agency (GNA)…
The Africa Centre for Energy Policy (ACEP) is urging government implementing the provisions in the Petroleum (Exploration and Production) Act, 2016 Act 919, with emphasis on the award of oil contracts.
Implementing the provisions, ACEP …
The Energy Media Group, producers of Energy Ghana magazine has called on Deputy Minister of Energy Dr Mohammed Amin Adam to present copies of its quarterly bulletin to the Ministry.
Dr Adam who expressed appreciation to the Energy Media…
The Ministry of Information has launched a national policy summit aimed at regularly informing the public on detailed government strategies on revamping the economy for sustained growth.The expectation of the maiden summit is to build part…
Customers of Standard Chartered Bank Ghana can now enjoy instant transfers to the bank accounts of other banks following the Bank's successful integration of the Ghana Interbank Payment and Settlement System's (GhIPSS) Instant Pay.
Acco…
Management of Total Petroleum Ghana Limited has embarked on a campaign to meet and interact with its customers at the forecourts of all of its 230 service stations across the country. This forms part of measures by the company to enhance i…
Some personnel of the Ghana Police Service (GPS) are being equipped to help create the needed safe and secure environment for cashless transactions in the country.
This has become necessary as mobile money (MoMo) transfer is gaining gro…
A former Minister of Finance, Dr Kwabena Duffuor, said that MM sector was poised for growth because it had become widely accepted by the citizenry, therefore, it was incumbent upon banks and insurance companies to align their operations, s…
Letshego Holdings Limited, Africa’s leading financial inclusive finance group, has acquired a 100 per cent stake in afb Ghana Plc, a payroll lending company.
Letshego, a Botswana company with market capitalisation of $500 million with p…
The Minister of Lands and Natural Resources, Mr John Peter Amewu, has directed Seven Sea Salt Company, the salt mining entity at the centre of the clashes at Adina in the Ketu South District of the Volta Region, to stop drawing underground…
The Chairman of the Economic Management Team, Vice President Dr Mahamudu Bawumia, and the Finance Minister Ken Ofori-Atta are leading a government delegation to the IMF/World Bank Spring Meetings being held from April 18 – 28.
The deleg…
Mr Chris Addy Andoh, operator of the Kash Forex Bureau in Tema has called on government to control the activities of black marketers in the foreign exchange business. Mr Andoh in an interview with the Ghana News Agency said activities of t…
The Minister of Finance, Ken Ofori-Atta has directed that names of 26,589 public sector workers be removed from the payroll commencing April 2017 for failure to register on the new SSNIT biometric system.
A statement from the Public Rel…
This feature is a continuation of an earlier publication on the valuation models available to governments and their agencies, managements of corporate bodies, and investors to make meaningful and productive investment decisions. Discussion…
When people think of air travel, they picture planes full of passengers. But air cargo is as vital—perhaps more—to the global economy.
Only one per cent of exports by volume go in aircraft but because they tend to be the most expensive …
Traders in Assin-Fosu, the commercial city of the Assin Central Municipality, have moved their hawking and other trading activities from the designated markets to the streets, pavements and walk-ways.
The situation has aggravated the al…
VIP Jeoun Transport Limited, in partnership with Vivo Energy Ghana, has introduced a new terminal at the Airport Shell Fuel station to provide exclusive services to commuters from Accra to Kumasi.
Dubbed: ‘Premium Centre’, the terminal …
The Member of Parliament for Bolga Central, Mr Isaac Adongo, has disagreed with assertions from the Ministry of Finance that its recent sale of some US$2.25 billion bonds was to help restructure the country’s debt.
Rather than helping e…
The Small Taxpayer Office (STO) of the Ghana Revenue Authority (GRA) in Cape Coast failed to meet its revenue target of GH¢8,762,654.39 for 2016. The Authority fell below its target by 9.54 percent, which, therefore, puts the revenue colle…
The third IBFD Africa Tax Symposium will take place from 10-12 May 2017 in Accra, Ghana. Building on the success of the past two symposia in Zambia and Uganda, this increasingly popular event comes to West Africa for the first time this ye…