President Nana Akufo-Addo will today [Monday] address the nation on his first three months in office. The President and his Cabinet over the weekend met to review their performance in the last 90 days in office and the way forward. Citi News understands that a major issue that dominated the discussion was the increasing spate … Read more
President Nana Akufo-Addo will today address the nation on his first three months in office. The President and his Cabinet over the weekend met to review their performance in the last 90 days in office and the way forward. Citi News understands that one issue that dominated discussion was the increasing spate of illegal mining … Read more
The Securities and Exchange Commission (SEC) has suspended the licence of EM Capital Partners Limited, an investment advisor, for breaching some provisions in the Securities Industry Act, 2016 (Act 929). A statement signed by the Acting Director-General of the Commission, Alexander Williams said the EM Capital Partners also breached the Commission’s Regulations, LI. 1723 of … Read more
The Sirius Opportunity Fund (SOF), an open-ended money market mutual fund, has held a two-day investment clinic as part of its financial inclusion and literacy in the country. The SOF, licensed by the Securities and Exchange Commission (SEC), is aimed at mobilising and investing funds of its members via the legally acceptable means for their … Read more
Governor of the Bank of Ghana, Dr. Abdul-Nashiru Issahaku has resigned, sources at the Central Bank reveal. The BoG Governor’s resignation takes effect from the 1st of April, 2017. This means his last day of work would be Friday, March 31, 2017. The soon-to-be BoG governor emeritus will be replaced by a former director of research at … Read more
President Donald Trump’s pick to serve as the chief US financial markets regulator defended himself Thursday against charges his career as a Wall Street lawyer could hinder his ability to oversee the industry effectively. Nominated to head the Securities and Exchange Commission, Walter “Jay” Clayton’s clients have included major financial institutions such as Goldman Sachs, … Read more
Mining industry players are calling for detailed discussions on the implementation of policies seeking to charge multinationals to list on the Ghana Stock Exchange (GSE). They have cautioned of possible concerns over the likelihood of a reduction in stake for major shareholders (dilution of ownership) of mining companies due to the new law. “I think … Read more
For Immediate Release: Post Budget Statement by Taxpayers’ Alliance Ghana “Sowing the Seeds for Growth and Jobs” with Tax Cuts: Implications for the Economy. Ghanaians of all walks of life waited with bated breath for the maiden budget of the barely three months old Nana Akuffo Addo led NPP government. The expectations had been particularly … Read more
Telecom giant MTN Ghana will finalize processes to float shares on Ghana Stock Exchange (GSE) this year – 2017. MTN commenced moves to list on the GSE last year – 2016, as part of conditions under which it secured the 4G license in late 2015. The company which spent US$67.5million to acquire the license which … Read more
Telecoms giant, MTN Ghana, is working towards listing on the local bourse as part of the conditions under which it secured the 4G license in 2015. CEO of MTN Ghana, Mr. Ebenezer Asante, explains the move to sell part of the company’s shares to Ghanaians is part of the localization that came with the 4G … Read more
The President of Groupe Ideal, Nii Kotei Dzani, has called on the Bank of Ghana (BoG) to sanitise the operations of financial institutions in the country. According to him, the financial sector was disorganised because some microfinance institutions were operating like commercial banks, while others were working without the required capital as prescribed by the … Read more
Telecom giant MTN Ghana will finalize processes to float shares on Ghana Stock Exchange (GSE) this year – 2017. MTN commenced moves to list on the GSE last year – 2016, as part of conditions under which it secured the 4G license in late 2015. The company which spent US$67.5million to acquire the license which … Read more
The theme for this years’s Ghana Economic Outlook and Business Strategy Conference(EOB) is : “Unlocking Ghana Ghana’s Economic Potential with Mobile Money and Payment System”. This conference slated for 22nd March , 2017 will take place at Tang Palace Hotel , Roman Ridge , Accra will host the Vice-President , His Excellency Dr. Mahamudu Bawumia … Read more
The Ghana Oil Company Limited (GOIL) the nation’s foremost indigenous oil marketing company shares rose by 0.8 per cent to close at GHc1.20 per share at the Ghana Stock Exchange (GSE) mid-week trading. The GCB Bank also recorded a block trade in its shares which accounted for the stock soaring by 0.2 per cent to … Read more
The maiden budget of the government of President Nana Addo Dankwa Akufo-Addo, presented to Parliament yesterday by the Finance Minister, Ken Ofori-Atta, is incontrovertibly a deep sigh of relief for the suffering masses of Ghanaians who had endured a harsh economic burden imposed on them, as a results of the incompetence of the previous National … Read more
Government yesterday announced in Parliament that it has abolished some 11 taxes it termed ‘nuisance’ taxes and reviewed four other taxes, which were negatively affecting businesses in the country. Kenneth Ofori-Atta, Minister of Finance, who was delivering the 2017 Budget Statement and Economic policy, said the move was aimed at lessening the burden on consumers … Read more
A large section of Ghanaians have expressed so much satisfaction over NPP’s abolished taxes, especially on some aspects of trade and commerce. The New Patriotic Party (NPP) government has finally fulfilled its promise of slashing some of the numerous taxes imposed by the previous National Democratic Congress (NDC) government. During his presentation of the 2017 national … Read more
Ashanti Regional Chairman of the New Patriotic Party has lashed out at the previous National Democratic Congress (NDC) administration describing them as bad ‘political chefs’ who didn’t know much about the vital nutrients needed to grow Ghana’s economy. Aside the lies which became their “devotional guides”, Mr. Bernard Antwi Boasiako claims the economic team of … Read more
A former Deputy Finance Minister under the previous National Democratic Congress (NDC) government, Fifi Kwetey has asked Ghanaians especially dealers in spare parts not to jubilate over government’s intention of abolishing and or reviewing 12 tax elements, including abolishing duties on the importation of spare parts. According to him, President Akufo-Addo is unaware of the … Read more
The general feeling is that the Minister passed his first test given the replication of major campaign promises in the budget. The structure of the budget itself didn’t change much from the previous and the minister and his economic team employed great skill not to stray significantly from economic targets set by the previous government … Read more