Consumers in the Central Region owe the Ghana Water Company Limited (GWCL) to the tune of GH¢57,555,428.00 with Government debt amounting to more than GH¢41.2M.
The government debt constitutes the cost of water consumed by various …
The National Pensions Regulatory Authority (NPRA) has targeted to register about one million informal sector workers on its new three-tier pension scheme by close of 2017.
Mr Emmanuel Awuku Dagbanu, Corporate Affairs Manager of NPRA, di…
The General Agricultural Workers Union (GAWU) of the Trades Union Congress (TUC) has called for the immediate implementation of the one village, one dam project announced in the budget as one of the key sectoral projects for the 2017 fisca…
Next has reported its first fall in annual profit for eight years and warned of "another tough year ahead".
Pre-tax profit at the clothing and homeware retailer dropped 5.5% from £836.1m to £790.2m last year.
The firm, which had alre…
Alhaji Collins Dauda, Member of Parliament for the Asutifi South has stated that the government of the New Patriotic Party had a duty to reduce the prices of petroleum products following the amendment of the legislation relating to levies …
Nine private commercial buildings in Accra, were on Wednesday drilled over compulsory insurance by the National Task Force of the National Insurance Commission (NIC). The buildings located in Asylum Down, Osu and Spintex Road, housed Eco…
Mike Nyinaku, Chief Executive Officer of The BEIGE Group (TBG), a financial services provider, has called on entrepreneurs to take advantage of opportunities in this year’s budget.
Mr. Nyinaku expressed confidence that the 2017 financ…
Stanbic Bank has introduced some new value propositions to make life easier for its executive banking customers in the face of current economic hardships.The Bank has added new packages such as an educational plan, hospital cash cover and …
State-backed Royal Bank of Scotland (RBS.L) said on Thursday it planned to close about 180 bank branches in Britain and Ireland and about 1,000 roles were at risk in the latest round of cuts and closures at the lender.
The Edinburgh-bas…
UK retail sales posted a 1.4% rise in February from the previous month, but there are signs that higher fuel prices have begun to hit shoppers' pockets.
In the three months to February, sales volumes fell by 1.4%, a sharper slide than t…
At the Africa CEO Forum in Geneva, AFD Group - in partnership with the European Union - unveiled the "African Renewable Energy Scale-Up facility", designed to boost private sector investment in on-grid and off-grid renewable energy produc…
The government has begun negotiating with businesses in the country to reduce their prices to reflect the various tax incentives introduced in the 2017 Budget Statement and Government Economic Policy.
That, it said, was in line with its…
Vice-president Alhaji Dr Mahamudu Bawumia has observed that an enhancement of the mobile money transfer system to ensure transfers across networks will help in stepping up efforts at bringing banking services to the majority of Ghanaians w…
The USAID –Financing Agriculture Project (USAID-FinGAP), aimed at addressing the key constraint of lack of access to finance in the agriculture sector, has in the last three and half years facilitated over US$115 million in the maize, rice…
Apple is facing scrutiny in New Zealand following reports it paid no tax for at least a decade, despite having logged billions in sales.
An investigation by the New Zealand Herald newspaper found Apple's local unit paid about NZ$37m ($2…
The Ghana Airports Company Limited has expressed its determination to remove all encroachers on its lands to pave the way for the smooth implementation of its expansion projects.
According to the company, the quest to make the airport a…
The year-on-year Producer Price Inflation (PPI) rate for February 2017 was 5.4 per cent, an increase of 2.3 percentage points from the 3.1 per cent recorded in January 2017.
The monthly change rate for February was 2.2 per cent.
The …
Vice President Alhaji Dr Mahamudu Bawumia, on Wednesday, tasked the Ghana Interbank payment and Settlements System to bring together the money transaction stakeholders to ensure the inclusiveness of the 60 per cent financially unbanked p…
One hundred-and-eighty (180) selected agro-based groups in the Ashanti and Volta Regions have undergone training in “regenerative farming”, an integrated farming system, that seeks to provide the rural population with improved and sustaina…
In today’s complex, competitive and rapidly evolving world, being able to plan one’s career is very significant to the success of the person in future.
However, setting long-term goals without a well-thought-through process as to how to…
Parliament by consensus has approved the budgetary allocation of the Ministry of Local Government and Rural Development for the year 2017.This follows a statement made by Hajia Alima Mahama, Minister of Local Government and Rural Developm…
Libya’s oil production has climbed back to the level before clashes disrupted output three weeks ago and forced the OPEC nation’s two biggest oil ports to halt shipments.
Output is 700,000 barrels a day and the target is 800,000 barrels…
Airtel Ghana’s Wo Mmer? Nie promo has so far rewarded 4 customers with GHC 65,000 and close to 2 million customers with airtime, data and smartphones
The promotion, dubbed the biggest in Ghana’s telecom industry seeks to reward custom…
Oil is re-asserting its stranglehold on the currencies of energy producers.
After ignoring volatile crude prices for most of the year, the currencies of Norway and Canada are succumbing to a selloff that has knocked 12 percent off the v…
The Ashanti Regional Minister, Mr. Simon Osei-Mensah, has underlined the government’s preparedness to go the extra mile to ensure that businesses thrive.
He said it had an unwavering conviction that this was the way forward to create jo…
President Nana Addo Dankwa Akufo-Addo has announced the establishment of an integrated bauxite and aluminium development authority tasked with mobilising the relevant resources towards the development of an integrated industry right from t…
The Sekondi Takoradi Metropolitan Assembly (STMA) on Monday evicted all illegal traders operating around the Takoradi Market Circle of the Western Region. The exercise, which began early Monday morning, did not take the traders by surprise…
U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers.
The National Association of Realtors said on Wednesday existing home s…
China's Sinopec (600028.SS) (0386.HK) will pay almost $1 billion for a 75 percent stake in Chevron Corp's (CVX.N) South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on …
An IT expert has been charged with hacking into Kenya's Revenue Authority and stealing $39m (£31m).
Alex Mutungi Mutuku, 28, is accused of electronic fraud but he denies any wrongdoing.
The prosecution says he is part of an internati…
A former Deputy Minister of Finance, Mr Cassiel Ato Forson, has said the size of the budget allocation to the Office of the President is way bigger than that for the Ministries, Departments and Agencies (MDAs), a phenomenon which has the t…
The company committed to deliver more than 45,000 training hours for Ghanaian personnel over the next five years, as it seeks to build a world-class team locally
Takoradi service facility underlines GE’s commitment to bring globa…
Mercer’s study shares insights from over 7,500 perspectives globally, 462 of these in South Africa, and compares the views of senior business executives, HR leaders, and employees from organizations around the world
Executives’ plans…
President Nana Addo Dankwa Akufo-Addo has assured the private sector of the resolve of the government to engage it to transform the ailing economy. He said the government will also depend on the players in the sector to create the needed j…
Airtel Ghana has been named ChangeMaker Company of the Year (Silver Honors) for Corporate Social Responsibility under the International category for Best Social impact and community initiative. This award was conferred under the prestigiou…
The Ghana Investment Promotion Centre (GIPC) is to establish a number of Special Economic Zones in the country for foreign investors to operate under special terms and conditions.
The zones would, however, be established for a particula…
Tema Shipyard and Drydock Company Limited has received a major boost with the injection of GH¢13.5 million from the Ghana Ports and Harbours Authority (GPHA) to enhance the effective operation of the company.
The money, which is refunda…
Some mobile phone dealers in Accra have threatened to shut down all Chinese mobile phone shops in Accra following what they described as an attempt by their Asian counterparts to take over the phone retail business.
According to the m…
Ghana Community Network Services (GCNet), the information technology company which provides trade facilitation services for the country, says it will work with the Ghana Revenue Authority (GRA) to enable it to exceed its revenue target for…
Oil prices fell on Tuesday, with U.S. crude dropping to its lowest since November, as concerns about new supplies overshadowed the latest talk by OPEC that it was looking to extend output cuts beyond June.
The decline also came ahead of…
Ghana’s headline inflation eased for the 5th consecutive month as it settled at 13.20 per cent in February 2017. This represents a 0.1 percentage point reduction from January’s figure of 13.30 per cent.
The downtrend emanated from lower…
Africa has been reluctant in the past to adopt genetically modified food technology for crop production, but that is changing, says Steven E. Cerier, a freelance international economist writing for the Genetic Literacy Project. Recent deve…
A Lecturer of the Miller Open University, Mr Nyeya Yen, has urged government to strengthen its watchdog on partners who would be implementing the Public–Private Partnership (PPP) projects in the country.
Mr Yen who is also the Director …
The Customs Division of the Ghana Revenue Authority with technical support from Westblue consulting Ltd, implementers of the Ghana single window project, on Monday began series of enhancement training sessions on the Pre-Arrival Assessmen…
British newspaper The Sunday Telegraph reported Saturday that London-based consumer products leader Unilever (UL) is planning to sell 6 billion pounds’ worth, or about $7.4 billion, of its food brands, reports Reuters.
The Anglo-Dutch c…
Goldman Sachs will move jobs away from London and bulk up its European presence by "hundreds of people", a senior executive has said.
The US bank's European chief executive, Richard Gnodde, said it would begin the process before the UK …
The acting Director-General of the National Communications Authority (NCA), Mr Joe Anokye, has charged Mobile Network Operators (MNOs) to work on improving their Quality of Service (QoS) and ensure that consumers are satisfied.
Accordin…
The Executive Director of the Kumasi Institute of Technology and Environment (KITE), Mr Ishmael Edjekumhene, has said the current Renewable Energy Act, 2011 needs no amendment.
Instead, he said, all the incentive-based provisions in the…
The days of debt crises and the World Bank telling African nations what to do are over, according to the lender’s president.
“One of the things we will never go back to is the bad old days where countries were in debt crises,” World Ban…
Multinational firms such as Google and Facebook are now paying tax in Australia based on profits earned there instead of shifting income abroad, the government has said.
Changes to the tax system will raise an extra 2bn Australian dolla…