Business

Dr Jonathan Zinzi Ayitey, a Senior Lecturer, Kwame Nkrumah University of Science and Technology, has stressed the need for the regulation of real estate agency services to rid the industry of fraud, laundering of illegal income, and tax evasion. He said appropriate regulation would minimise the effect of the vices on the national economy and enhance the international image of ...

The Speaker of the House of Representatives of the Federal Republic of Nigeria, Femi Gbajabiamila, has made some far-reaching proposals in a hope to bring an end to the current retail trade war between Nigerian traders doing business in Ghana and their Ghanaian counterparts. During a ‘Legislative Diplomacy’ bilateral meeting with Ghanaian lawmakers and some top government officials, as part ...

The Tax Justice Coalition-Ghana say it has followed with keen interest government’s move to establish a Special Purpose Vehicle (SPV); Agyapa Royalties which have a controversial clause above the Ghana tax laws with the view to enhance national revenues for development. In a press statement issued in Accra, the group stressed, “We,the Tax Justice Coalition support the call by the ...

Chief Executive Officer of Vodafone Ghana, Patricia Obo-Nai has urged the youth to leverage on technology to stay relevant and succeed in this new age of technology. According to her, technology is the new way of development, therefore, it’s imperative for the youth of today to take advantage in order to for them to succeed in the future.  “A few ...

The Nigerian government says it is taking steps to ensure it ends the ongoing retail trade feud with Ghana. This follows the closure of retail shops owned by foreigners by a task force put together by the Trade Ministry. The PRO of the Ministry had said it is against the laws of Ghana for foreigners to own retail shops in ...

Parliament has approved a total of 598.7 million Euros loan agreement between the Government and the Deutsche Bank to finance the construction of sections of the Western railway lines. The agreement covers the proposed construction of the Standard Gauge from Takoradi Port to Huni Valley. The loan comprises a facility agreement of €523,000,000 and a Commercial Loan of €75,657,500 between the ...

The Ghana Chamber of Telecommunications has welcomed the reduction in the Communications Service Tax (CST) but urged government to scrap the tax since “the CST is targeted at sectors that are more productive but vulnerable.” The chamber welcomed government’s decision to reduce the CST and referred to it as a good measure that would help reduce the cost of telecommunication ...

MTN Ghana says it would exploit the several opportunities in the digital and financial services space and invest in infrastructure to further accelerate the company’s growth in the future. Chief Executive Officer of MTN Ghana, Mr Selorm Adadevoh told a virtual shareholders meeting on Thursday that the company would continue to stick to the drivers of growth, including data, digital, ...

John Peter Amewu, the Minister of Energy, said government has taken steps to address the challenges it inherited in the Renewable Energy sector. He identified the signed Renewable Energy Power Purchase Agreements (PPAs) to the tune of 2,265MW with an average price of cent19/KWh, which, he said, was far above what the electricity network could accommodate, as a major challenge. ...

Kennedy Ohene Agyapong says the incumbent NPP administration should take a second look at interest rates in the country because some indigenous businesses are collapsing as a result of high interest rates. To the Assin Central legislator, this is a clear indictment on a government which aims at creating more jobs in the country. “Because of high interest rates, we’re ...