A lawyer representing five out of 34 suspects in the infamous National Service Fraud scandal has challenged claims by the outgoing NSS boss Dr Kpessa Whyte that he supervised the reduction of the number of personnel on the payroll from 75,000 to 40,000. Lawrence Arhinkora told an Accra High Court Friday, at the time Dr … Read more
The Cedi recorded a week-on-week (WoW) depreciation of 1 percent against the USD. It opened at a price of GH¢4.1105/$ but closed at GH¢4.1521/$ reflecting YTD depreciation of 8.60%. This compares with YTD depreciation of 15.55% for the same period in 2015. The Cedi also recorded a WoW depreciation of 1.11% against the Euro. It … Read more
The local currency has come under intense pressure in the run-up to the elections, recording about 0.13 percent fall since November 30 and bringing the year-to-date depreciation rate to six percent. The cedi has had a fairly stable year in which, as at end of November, it had depreciated just by a 4.7 percent, bringing … Read more
‘The opposite of love is not hatred, it is indifference”, so the saying goes. Experience and our grey-haired men should constantly remind us that, a nation that decides to play the proverbial rope which proudly perched around the creeping plant and paid deaf ear to the deafening noise of the recalcitrant bird, despite several complaints … Read more
About 4000 ghost names of people have been removed from the government payroll system. These names had been captured as teachers in the government schools. The Minister of Finance, Seth Terkper revealed this when he touted government’s achievement in drastically reducing ghost names on Ghana’s payroll system. He attributed the success to a number of … Read more
Government owes mining companies over 280 million Ghana cedis in Value Added Tax as at the end of last year, a report by the Ghana Chamber of Mines has revealed. Though the Value Added Tax Act of 2013 stipulates where the deductable tax of an individual or business exceeds the expected amount; the excess should … Read more
The Controller and Accountant General’s Department (CAGD) has suspended the payment of salaries of a total of 3,794 government employees without social security numbers on the mechanised payroll. The affected employees would from the end of October not be receiving their salaries because they did not produce their social security information. This was disclosed in … Read more