Business

Revenue Mobilization Africa, a not-for-profit organization has cautioned government, particularly the Ministry of Energy not to approve the Anadarko–Total SA deal until all taxes owed the state are duly paid. The organization in a statement issued in Accra by its Executive Director Geoffrey Kabutey Ocansey expressed concern about the many speculative news stories regarding the sale of Anadarko operations in ...

Mr Kwame Agyeman-Budu, Managing Director of the Electricity Company of Ghana (ECG), has warned the general public to desist from illegal power connections to their homes and places of work. He said such practices go against the laws of the land, hence culprits will be made to face the full riguor of the law if they are caught. Mr Agyeman-Budu ...

The World Bank has cautioned Ghana against excessive borrowing amidst concerns that the country risks being classified as high debt distress country if the situation persists. This comes a day after the country successfully raised US$3 billion Eurobond which was five times oversubscribed. The International Monetary Fund has also warned the nation that it is at a high risk of ...

President Akufo-Addo has expressed his delight at the return to production, productivity, and profitability of the Anglogold Ashanti Gold mine, six years after it was effectively closed down. According to President Akufo-Addo, the coming back on stream of the Obuasi mine signals to the rest of the world “new beginnings for Obuasi, which will help in spurring on the development ...

The Chief Executive Officer of the Ghana Investment Promotion Centre(GIPC), Yoofi Grant is demanding the enforcement or revision of the GIPC law which bars foreigners from engaging in retail trade in Ghana. According to him, this will resolve the unending retail feud between Ghanaian and Nigerian traders which has resulted in the closure of Nigerian shops in the past few ...

The third edition of the Mastercard Index of Women Entrepreneurs (MIWE) has listed three African countries as global leaders in terms of women-owned businesses. Uganda, Ghana and Botswana are ranked as the top three countries with the highest percentages of women-owned businesses across the 58 markets evaluated around the world. Based on publicly available data from international organizations including the ...

Government has released some GH¢40 million to support the efforts by the private sector in bridging the housing deficit in the country. The fund which has been made available to some selected banks in the country is expected to add to additional funding to be provided by private estate developers. Deputy Minister of Finance, Charles Adu Boahen disclosed this at ...

The Telecoms Chamber says the upfront charge of the 9 per cent Communications Service Tax has been reversed as at November 26. This is according to the CEO of the Chamber, Ken Ashigbey who tells Joy Business that all players in the telecommunication space will to this effect unveil a new cost of data and call tariff in line with the ...

Ghanaians’ approval ratings on indicators of their government’s economic performance have declined sharply compared to 2017, a new Afrobarometer survey by the Ghana Center for Democratic Development (CDD-Ghana) shows. Few citizens are content with the country’s economic situation and their personal living conditions, and a majority say the country is headed in the wrong direction. Key findings in CDD’s Afrobarometer survey ...

SEND Ghana, a Policy Research and Advocacy Civil Society Organization has put out an in-depth analysis of the 2020 Budget Statement and Economic Policy which was presented by the Minister of Finance on November 13, 2019. The Organization’s   post budget analysis which was presented to the media last Wednesday by Dr Emmanuel Ayifah, Deputy Country Director, draws government’s attention to ...