Dr. Mustapha Abdul-Hamid, Chief Executive of the National Petroleum Authority (NPA), and the management team have paid a working visit to the Association of Oil Marketing Companies (AOMC).
Their visit was to formally engage the AOMC B…
The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has reiterated the government’s commitment to the implementation of the Cylinder Recirculation Model (CRM).
Dr. Abdul-Hamid gave the a…
The Ghana Revenue Authority (GRA) has signed a Memorandum of Understanding with the Gaming Commission to improve revenue collection.
Reverend Ammishaddai Owusu-Amoah, the Commissioner General, GRA signed for the Authority while Mr Peter…
The Licensed Cocoa Buyers Association of Ghana (LICOBAG), has called on all cocoa farmers who have not received their payments for the 2021 Main Crop Season to consult their district offices for intervention.
They are to reach out to th…
Dr John A. Kumah, a Deputy Minister of Finance has assured businesses that government will upscale the nation's cyber security efforts to create an enabling cyber space for businesses to thrive.
Speaking at the launch of a web and mobil…
FBNBank Ghana has released an internationally accepted and multiple-use visa prepaid card into the market.
This is the latest of its offerings to customers and clients of the bank aimed at delivering convenience, security and privacy.
…
The COVID-19 National Trust Fund that was set up under Act 1013 to receive and manage contributions and donations from well-meaning individuals, groups and corporate bodies has so far received a total of GH?57.15 million in cash donations…
The Vice President, Dr. Mahamudu Bawumia says African economies need digital currencies backed by central banks in order to give credibility to transactions.
Addressing participants at the opening of the International Trade and Finance …
Finance Minister Ken Ofori-Atta on Thursday, July 29, presented the Mid-Year Fiscal Policy Review of the Budget Statement and Economic Policy of the Government of Ghana for the 2021 Financial Year to Parliament.
open this link : https:/…
Dr Cassiel Ato Forson, Ranking Member on the Finance Committee has described the Mid-Year Budget Review presented by Finance Minister, Ken Ofori-Atta as hopeless with nothing in it for Ghanaians.
According to him, the Ghanaian economy i…
Facebook has warned that it expects revenue growth to slow down "significantly" in the second half of 2021.
The tech giant saw revenue rise to $29bn (£21bn) in the three months to 30 June, up from $18.69bn last year.
But it said that…
The US central bank has said that the economy is making progress due to widespread vaccinations.
The Federal Reserve kept interest rates on hold near zero, saying that inflation largely reflected factors that would pass in time.
Whil…
Mr Emmanuel Lumor, the Volta/Oti Regional Manager of the Electricity Company of Ghana (ECG), has urged staff of ECG in the Volta region to ensure excellent customer service delivery.
He said it was time for every staff to embrace good c…
The Ghana Revenue Authority (GRA) has collected GH¢25.89 billion in tax revenue as against GH¢26.1 billion targeted for the period, resulting in a GH¢212 million shortfall.
The GRA said it collected GH¢18.45 billion in domestic tax reve…
The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid has said that the regulatory agency will not hesitate to revoke the licences of industry players who continually flout rules of the sector.
Dr. Abdu…
The value of Ghana’s 126 State-Owned Enterprises (SOEs) is GH?110 billion, representing approximately 27% of the nation’s 2020 gross domestic product (GDP).
Prudent management to generate 10% return on the assets can generate GH?11 bill…
The value of mobile money transactions has increased by almost 100 percent in the last twelve months.
The total value shot up by 96.7 percent from June 2020 to June 2021.
On a monthly basis, the value of transactions from May to June…
On 27 July 2021, Imani Center for Policy and Education, a Ghanaian Think Tank held a seminar, in Accra, on the topic: “The Imperative of Economic Recovery: How can the Resolution of the Sahara Issue Strengthen Africa’s Regional and Contine…
It has been brought to the attention of the African Continental Free Trade Area (AfCFTA) Secretariat (https://AfCFTA.au.int) that our strategic partner, a leading African financial institution supported a $200 million bid by Made in Africa…
The Managing Director of the GCB Bank Limited, Mr John Kofi Adomako, has expressed optimism that banks will soon reduce their appetite for treasury securities in favour of lending as rates on the risk-free government paper begins to fall.
…
The Ghana Cocoa Board (COCOBOD) has partnered the Ghana Academy of Arts and Sciences (GAAS) to develop products from cocoa to aid in the management of some life-threatening infections and metabolic diseases globally.
The partnership wil…
The Technical Team Lead of the Ghana Poultry Project (GPP), Mr Raymond Denteh, has urged farmers to take advantage of opportunities in the poultry value chain to improve their market share.
That, he said, was crucial to improve fortunes…
The Minister for Energy, Dr Matthew Opoku Prempeh, has called for more consumer advocacy bodies to protect the rights and interests of consumers.
Dr Prempeh, who is also the Member of Parliament (MP) for Manhyia South, made the call whe…
The Minister of Finance, Mr Ken Ofori-Atta, will today lay before Parliament, the 2021 mid-year budget review for its consideration and adoption.
The budget review, which is in accordance with Article 179 of the 1992 Constitution and th…
The UK economy will grow faster than expected this year as it recovers from the Covid pandemic, the International Monetary Fund (IMF) has said.
Economic prospects for rich and poor nations have diverged more due to differing access to C…
Toy maker Mattel says it has to raise prices in the run-up to Christmas as the industry giant faces higher costs.
The comments come after a rise in costs of raw materials and shipping, as the global economy recovers from the pandemic.
…
The Chamber of Petroleum Consumers (COPEC) says the Government can rake in an amount of GHc157,680,000 annually to the road fund if all tollbooths in the country are automated.
The Chamber noted that with the average of 2.9 million regi…
The Former President of Liberia, Ms Ellen Johnson Sirleaf, has said that the Africa Continental Free Trade Agreement (AfCFTA) provides a ready vehicle for countries in the region to start the process to move towards more self-reliance to r…
The Pamoja group made up of black Canadian professionals said it intends to partner the Ningo –Prampram District Assembly for the flagship programme Plan City Extension Project.
This was revealed when the group called on Mr. Jonathan …
The value of Ghana's State-Owned Enterprises (SOEs) is GHS 110 billion, representing approximately 27 per cent of the nation's 2020 gross domestic product (GDP), Mr Ken Ofori-Atta, the Finance Minister, has said.
He noted that it was in…
The sixth edition of the Global Business Forum (GBF) Africa will be held in Dubai on October 13-14, 2021 under the theme Transformation Through Trade.
This year’s Forum is organised by Dubai Chamber and Expo 2020 Dubai on the sidelines …
Meaningful Business, a curated network and content platform, is inviting nominations from African impact leaders for the global Meaningful Business 100 (MB100) award programme which celebrates outstanding contributions from business leader…
Founded in 2004 by Mark Zuckerberg, Facebook is today the oldest surviving social media platform. But with more and more platforms entering the market, will it go the way of MySpace and MxIt?
Kyle Oosthuizen, Chief Operating Officer at …
The leading pan-African banking group, Ecobank Group, and the African Union Development Agency New Partnership for Africa’s Development (AUDA-NEPAD), held a virtual graduation ceremony for more than 200 alumni of the inaugural Ecobank’s MS…
Weekly Highlights
• June 2021 Producer Price Inflation is at 10.1 percent.
• The GSE inched up its YTD gains
• Ghana cedi gained value against the Pound and the Euro
• Major international stock indices rebound in the week’s trades.…
An Accra High Court has ordered the Bulk Oil and Storage and Transportation (BOST) to pay a total of GH¢ 9,962, 118.84 to Hask Oil Company Limited being the interest accrued on a bank facility they took, while their products were in the cu…
The Chartered Institute of Taxation, Ghana (CITG), has inducted 64 newly qualified chartered tax practitioners into the institute after they had successfully passed the mandatory exam.
The new inductees include the Management Accountant…
The National Insurance Commission (NIC) will soon resume its enforcement exercise to ensure that all commercial buildings are insured against fire, Deputy Commissioner of Insurance, Mr Michael Andoh, has said.
Although the Insurance…
Tesla has reported surging profits, despite shortages of semiconductor chips and congestion at ports hampering production.
Sales rose to $12bn (£8.6bn) in the three months to the end of June, up from $6bn a year ago, when its US factory…
The Ranking Member on Parliament's Finance Committee, Mr Cassiel Ato Forson, has urged government to, as a matter of urgency seek debt relief from the International Monetary Fund (IMF) to curb the country's rising public debt.
Ghana's t…
National President of the National Service Personnel Association (NASPA), Mr Emmanuel Brimpong Akosah has appealed to the Government to consider increasing the allowance paid to Service Personnel to enable them make a meaningful living.
…
Mr Rockson Kwesi Dogbegah, President of Institute of Directors-Ghana (IoD-Gh) says the lack of appetite towards risk management is the cause of the collapse of some businesses over the years.
He observed that others, who had developed t…
President Nana Addo Dankwa Akufo-Addo Monday entreated State-owned Enterprises (SOE's) to adopt strategies to improve their financial performance.
This, he said, would enable those entities contribute effectively to the national develo…
The World Initiative for Soy in Human Health (WISHH) launched a campaign dubbed ‘Go for Soya Chunks’ on Friday, 23rd July 2021 at the Accra City Hotel. The campaign is to increase awareness and promote the nutritional benefits of soya ch…
THOUGHT OF THE WEEK
UNDERSTANDING ASSET CLASSES AND INVESTMENT RISK (PART 1)
Recent developments in the investment sector has highlighted the need for investors to understand the basics of different asset classes and risk associated wi…
The Alliance for a Green Revolution in Africa (AGRA) has emphasised that any effort to ensure agricultural transformation in the region must address gender equality.
It noted that the gap between men and women was massive, and that due …
Taxation Law lecturer, Practitioner and Author, Dr. Abdallah Ali-Nakyea has shared important insights into Tax Practice Management, telling practitioners how critical it is they need to bring ethics and integrity to bear on their professio…
Fitch Rating agency has projected Ghana to be the fastest growing economy in Sub Saharan Africa as it emerges strongly from the COVID-19 pandemic, President Nana Addo Dankwa Akufo-Addo has noted.
The agency also projects that the econom…
The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 13.5 per cent, determining that the risk to inflation and growth were broadly balanced.
Inflation has fallen in recent months from 10.3 per cent …
The Minister for Trade and Industry, Alan Kyerematen, has revealed that plans are underway to ensure the operationalisation of the Komenda Sugar Factory before the end of 2021.
The minister made this known while answering questions on t…
info@businessghana.com
