A senior lecturer and the head of finance department of the University of Ghana (UGBS), Prof. Godfred Bokpin has said that Ghana needs to grow its economy to sustain its debt. He was speaking on the topic, Ghana’s Debt in perspective: What’s the way forward at the 3rd BTA Business Summit yesterday at the Coconut … Read more
About 160 million cedis is expected to hit the accounts of banks that are owed the energy sector debts, by the end of March 2017. This is according to the President of the Ghana Association of Bankers, Alhassan Andani. The payment will be the first to be made this year since the erstwhile NDC government … Read more
The president of Ghana Bankers Association, Alhassan Andani has cautioned that until the fundamentals of Ghana’s economy are strengthened, the cedi will continue to depreciate in value. Mr. Andani who is also the Managing Director of Stanbic Bank Ghana argued that the continuous dependency on imports at the expense of exports will continue to put … Read more
Customs officials in the Ashanti Region have impounded five trucks full of smuggled high duty vegetable products and electronic gadgets in Kumasi. The arrests reveal an attempt to evade almost one million Ghana Cedis in duties and taxes to the state. Customs officials say three transit-trucks loaded with trade key pure vegetable cooking oil (25 … Read more
The president of Ghana Bankers Association, Alhassan Andani has cautioned that until the fundamentals of Ghana’s economy are strengthened, the cedi will continue to depreciate in value. Mr. Andani who is also the Managing Director of Stanbic Bank Ghana argued that the continuous dependency on imports at the expense of exports will continue to put … Read more
Head porters in the central business district of Accra say more women have been attracted into the business following the abolishment of the kayayei levy. It is barely three weeks since the Minister of Finance, Ken Ofori Atta in his maiden budget statement to Parliament, announced the government’s resolve to scrap the daily levy imposed … Read more
MANAGEMENT of SIC Insurance Company Limited has assured its customers and stakeholders to remain calm following a case the company is battling in court against non-bank financial institution, Ivory Finance. The two companies have been in a long standing legal and board room battle over the debt which came up after SIC guaranteed a 14- … Read more
The cause of the fire is not immediately known Properties estimated at several thousands of Ghana Cedis have been consumed by fire and hundreds of students of the St Charles Minor Seminary Senior High School displaced after fire Wednesday night gutted a two-storey dormitory block of the school. The cause of the fire is not … Read more
The Parliament of Ghana has approved an amount of three hundred and twenty one million, eight hundred and thirty thousand, six hundred and ninety eight cedis (321,830,698) for the Ministry of Local Government and Rural Development for the 2017 fiscal year. Before the approval, the Parliamentary Select Committee on Local Government and Rural Development informed … Read more
The Parliament of Ghana has approved an amount of three hundred and twenty one million, eight hundred and thirty thousand, six hundred and ninety eight cedis (321,830,698) for the Ministry of Local Government and Rural Development for the 2017 fiscal year. Before the approval, the Parliamentary Select Committee on Local Government and Rural Development informed the … Read more
Currency analysts have stated that the Bank of Ghana’s auction of 120 million dollars in the first quarter of this year, to contain the cedi’s depreciation has begun yielding the intended results. According to them, the move would have been more effective if the Bank of Ghana increased its supply of dollars in the first … Read more
Goldfields Ghana Limited has emerged as the largest taxpayer for the government of Ghana in 2016. The mining firm paid 501 million cedis (0.5 billion cedis) in direct and indirect taxes to the Ghana Revenue Authority (GRA). Of the amount, Royalties accounted for the highest. The company paid 196 million cedis in Royalties representing 39.12 … Read more
The developments that have characterized President Nana Addo’s almost three months governance are too glaring to be ignored. It was initially his seeming silence on the post-election violence until his inauguration, the speech gaffe and now the appointment of 110 Ministers. To say the latest decision is inappropriate will be an understatement. It is highly … Read more
It has emerged that unqualified, untrained vigilante group affiliated to the governing New Patriotic Party (NPP) had forcibly taken over the management of the Kintampo Waterfall venue of the recent bizarre disaster which claimed some 19 lives. The Invisible Forces were said to have sacked professionally trained tour guides and managers of the Waterfall who … Read more
Residents of Tumu have been without water for the past six months due to a debt owed the Volta River Authority by the Water Board in that town. The debt which accrued over a period of two years is making it difficult for the board to purchase power to enable it pump water to their … Read more
Citi Business News’ checks at fuel stations have revealed that major Oil Marketing Companies (OMCs) have reduced the prices of their products for the second consecutive time this month; March. The reduction is in line with the recent tax cuts announced by the government in the 2017 budget. The OMCs earlier in the second pricing … Read more
Goldfields Ghana Limited has emerged as the largest taxpayer for the government of Ghana in 2016. The mining firm paid 501 million cedis (0.5 billion cedis) in direct and indirect taxes to the Ghana Revenue Authority (GRA). Of the amount, Royalties accounted for the highest. The company paid 196 million cedis in Royalties representing 39.12 … Read more
At least three students have been stabbed on Friday, March 17, 2017 at the University of Cape Coast (UCC) following a clash between some students of University of Ghana, Legon and Kwame Nkrumah University of Science and Technology (KNUST). A UCC student is reportedly paralysed after he was severally stabbed while trying to enter his … Read more
The developments that have characterized President Nana Addo’s almost three months governance are too glaring to be ignored. It was initially his seeming silence on the post-election violence until his inauguration, the speech gaffe and now the appointment of 110 Ministers. To say the latest decision is inappropriate will be an understatement. It is highly … Read more
Residents of Tumu have been hit with water crisis for the past six months because of a GHC700.00 debt owed the Volta River Authority by the community’s Water Board. The debt which accrued over a period of two years is making it difficult for the Board to purchase power and supply it to their consuming … Read more