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 ...
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Zenith Bank partners Vodafone to enhance benefits to high-net-worth customers
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 ...
Read More »Let’s take advantage of amnesty to honour our tax obligations
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 ...
Read More »Ghana’s 2018 Economic Outlook Positive but…
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 ...
Read More »President advocates value addition to Ghana’s exports
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 ...
Read More »BoG to implement Deposit Insurance Scheme soon
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 ...
Read More »30 Business Resources Centres to be created this year
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 ...
Read More »Voltic gives hope to Nsawam youth
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), ...
Read More »Ghana stagnates in latest Open Budget survey
Ghana’s performance in the 2017 Open Budget Survey has remained stagnant after gaining overall score of 50 out of 100 points, declining by a point in the previous survey conducted in 2015. The score connotes that, the government of Ghana provided the public with limited budgetary information in the years under review. The limited, according to the report meant that ...
Read More »CHRAJ clears Finance Minister of Conflict of Interest allegations in bonds deals
The Commission on Human rights and Administrative Justice (CHRAJ) has cleared the Minister of Finance (MOF), Mr Ken Ofori-Atta, of allegations of conflict of interest in the issuance of some bonds. The Commission, however, after its investigations of allegations made against the minister by a citizen, Mr Yaw Brogya Genfi, gave wide-ranging directives in relation to the bond issuance processes ...
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