Business

The President of the Ghana Association of Bankers (GAB), Mr Alhassan Andani, has backed the move by the Bank of Ghana (BoG) to hand over the management of uniBank to the auditing firm, KPMG, to restore uniBank to financial health. The timing, Mr Andani, who is also the Managing Director of Stanbic Bank, said, was appropriate to protect the bank’s ...

The Dormaa Poultry Farmers Association has appealed to the government to waive the new 15 per cent Value Added Tax(VAT) imposed on imported day-old chicks. The association pleaded with the government to maintain the old tax of five per cent and scrap the new 15 per cent VAT rate it has started implementing since the beginning of March, this year. ...

Consumers of electricity should expect the reduction in tariffs from April and not from tomorrow as announced by the Public Utilities Regulatory Commission (PURC). This is because the Electricity Company of Ghana (ECG) explains that the implementation cannot reflect on the bills of consumers due to the monthly cycle billing system it uses. The PURC, last week announced that it ...

Zenith Bank Ghana, a market leader in the banking industry and Vodafone Ghana, a leading telecommunications company, have entered into a mutually-beneficial partnership to bring unmatched benefits to their customers. The collaboration is to harness significant synergies from both institutions – with Zenith Bank’s Platinum Banking service offering Vodafone Black customers a highly personalized level of banking service and a ...

Last week, the Ghana Revenue Authority (GRA) announced that it had waived interest payment and penalties on tax defaulting companies and individuals as part of measures to encourage full compliance. Subsequently, it has asked the tax defaulters; that is, those already in the tax system and the ones yet to register with the GRA, to take full advantage of the ...

Ghana’s macroeconomic performance improved in 2017 after a difficult 2016. The country’s economy expanded for the fifth successive quarter in September 2017; at a rate almost double that of 2016, according to a World Bank report released today. The 3rd edition of the Ghana Economic Update, which focuses on agriculture as the engine of growth and jobs creation, notes that ...

The President, Nana Addo Dankwa Akufo – Addo has acknowledged the need for Ghana  to stop the  practice of  exporting its valuable products  in their raw form as  the country needs to  add  value to these products in order to  propel the  Ghana beyond  Aid agenda.     The  President said at the 61ST independence  anniversary celebration in Accra on Tuesday,”Fellow ...

The Bank of Ghana (BoG) will commence the implementation of the Deposit Insurance scheme in the second quarter of 2018. Deposit insurance is a protection provided by the state against risk of loss of deposits in a deposit taking institution. The scheme, among other things, seeks to safeguard the savings of individual depositors in the country in order to build ...

Government has announced its resolve to create 30 Business Resource Centres this year as part of its industrial transformation Agenda and its vision to spread industrialisation across the entire geographical regions of Ghana. Business Resource Centres (BRC) are expected to provide a one-stop shop enterprise development services to enterprises located within a particular district. This means that companies would enjoy ...

Thousands of  jobs are  expected  to be created   for the youth of Nsawam and  its surrounding communities by  Voltic Ghana  Limited following the commissioning of its  new packaging  line at its second  facility at Akwadum Near Nsawam  in the  Eastern region. The  new  high  speed  line which costs $ 6.5  Million dollars is an investment  by Coca  Cola  Beverages  Africa,(CCBA),  ...