Recent Posts

Exim Bank supports Shea industry with GH¢10million

The Ghana Exim Bank has committed GH¢10million to support stakeholders in the value chain as part of the first phase of its Shea Empowerment Initiative. The Initiative is aimed at providing economic empowerment to women shea collectors, processors and cosmetic producers engaged in the Shea value chain. Mr Lawrence Agyinsam, …

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MTN to provide skills training for 40 young people

MTN Ghana in partnership with the National Youth Authority (NYA) is to train over 40 young people as part of this year’s MTN 21 days Y’ello Care in the Eastern Region. The two weeks training programme which has commenced, will see beneficiaries receive training in beads making, cosmetology, which includes …

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Invest in Africa and AngloGold to enhance capacity of SMEs

Invest in Africa (IIA), a not for profit organisation, committed to creating prospering African economies, has been contracted by AngloGold Ashanti (Ghana) Limited (AGAG), to enhance capacities of 100 Small and Medium size Enterprises (SMEs) in Obuasi. A statement from IAA said under the programme IIA would provide free business …

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Businesses in Eastern Region sensitized on CSR and SDG

More than 30 firms and institutions have benefited from a day’s training workshop on Corporate Social Responsibility (CSR) and the basics of sustainability reporting. The programme was organized by the Eastern and Volta Branch of the Association of Ghana Industries (AGI) in collaboration with Global Reporting Initiative (GRI), with funding …

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Akufo-Addo cuts sod for Phase II of Kumasi Central Market project

President Nana Addo Dankwa Akufo-Addo, has cut the sod for the commencement of phase two of the redevelopment project of the Kumasi Central Market and the provision of associated infrastructure. Speaking at the ground breaking ceremony on Thursday, 2 May 2019, at Kejetia, Mr Akufo-Addo indicated that the start of …

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First Atlantic begins phenomenal growth

Just three months into the new dispensation for Ghana’s universal banking industry, First Atlantic Bank has shown the potential created by the restructuring done by Bank of Ghana over the past one and a half years. First Atlantic Bank has the target of becoming one of the top five banks …

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GRA launches prosecution policy document in Kumasi

The Ghana Revenue Authority (GRA), has launched a policy document in Kumasi to guide the arrest and prosecution of tax defaulters and evaders in the country. The aim is to use prosecution as an effective tool to ensure tax compliance among income earners, as indicated in the country’s tax laws. …

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Teacher incentive attracts 10 per cent tax – GES

The management of the Ghana Education Service (GES) says the incentive package released to staff of senior high schools (SHSs) and technical institutions is subject to 10 per cent tax. It, therefore, directed all paying officers to withhold 10 per cent of the amount payable to the beneficiaries to remit …

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38 forex bureaux face closure by Bank of Ghana

The Bank of Ghana has threatened to close down forex bureaus that are not complying with its operational regulations. In a letter sent to the Forex Bureaux Association, BoG named 38 forex bureaus that were not complying with the central bank’s regulations. The affected 38 forex bureaux are in the …

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Shea butter processing facility inaugurated at Kpugi

Women groups at Kpugi, a farming community in the Gushegu Municipality in the Northern Region, have been provided with a US$75,000 shea butter processing facility. The facility, with a milling machine, an office, a water supply system and a shed, is to help increase economic opportunities for the women who …

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Fishermen meeting turns sour

A press conference organised by the Ghana National Canoe Fishermen Council (GNCFC) in Accra on Thursday to respond to issues regarding the 2019 nationwide closed season for artisanal fishery became chaotic as the fishermen were divided in their opinions as to what should be the appropriate timelines to observe the …

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CIMG elects new Governing Council members

The Chartered Institute of Marketing, Ghana (CIMG) has elected a new Governing Council to steer the affairs of the Institute for a two year period, starting from 2020. The elections were conducted at the CIMG’s 30th Annual General Meeting held recently at the Golden Tulip Hotel, Accra. At the end …

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Tamale: Bread price up

Following a surge in the price of baking ingredients, the Northern Regional Association of Bakers has increased the price of bread. Information gathered by Class91.3FM at some bakeries in Tamale show that the prices of tea bread, butter bread, cake bread and sugar bread have gone up. Class FM’s visit …

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IMF waves red flag on Sinohydro deal

The International Monetary Fund (IMF) has raised burning questions about some of the terms and conditions in the government’s US$2billion infrastructure for bauxite agreement with China’s Sinohydro. Under the agreement, the Ghana Integrated Aluminum Development Corporation (GIADC) is required to set up an offshore escrow account for revenue generated from …

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MTN shakes up Board

The MTN Group on Friday, 3 May 2019, announced significant changes to the Group Board. It also revealed its plan to establish an International Advisory Board (IAB). The MTN Group Board is of the view that MTN has entered a more stable and settled period which enables it to now …

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We’ll bite now – GRA warns tax evaders, avoiders

The Commissioner-General of the Ghana Revenue Authority (GRA), Mr Emmanuel Kofi Nti, has said that the Authority has resolved to use prosecution as a significant tool for ensuring that the citizens pay taxes. He said the GRA’s intention is to increase the use of prosecutions as one of its weapons …

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Import duty cut will kill local poultry industry – Group

The decision by the government of Ghana to slash import duties on some goods including poultry products, risks collapsing the local poultry industry, the Poultry Farmers Association of Ghana has said. The reduction in import duties followed a petition from some business people. However, poultry farmers say they rather expect …

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National Petroleum Authority inaugurates tanker park

The National Petroleum Authority (NPA) on Wednesday inaugurated a Tanker Parking Terminal at Kpone in the Greater Accra region. The construction of the parking terminal was a demonstration of the Authority’s commitment to improving standards in the petroleum downstream industry. The investment according to NPA also exhibits its long term …

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Aker and Hess have not being operating illegally – ACEP

African Centre for Energy Policy (ACEP) has refuted claims by think tank IMANI Africa that Aker Energy Ghana Limited and Hess are operating illegally. At a press conference on Thursday, IMANI said its checks had revealed that Aker Energy was exploring oil in wells not captured in the petroleum agreement …

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Ghana Chamber of Commerce Praises B5 Plus

The Ghana Chamber of Commerce has commended steel and iron manufacturing giant, B5 Plus for the immense socio-economic contributions it has made to Ghana over the years. President of the Chamber, Nana Dr. Appiagyei Dankawoso, was speaking when he toured B5 Plus factory at Kpone on Wednesday, April 24, 2019. …

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Let’s push for smarter policies to aid accelerated growth – Prof. Lomborg

A visiting professor, Copenhagen Business School, Bjorn Lomborg, has underscored the need for Ghanaians to change the national conversation to compel politicians to push for smart policies for accelerated growth. He said smart solutions through economic prioritisation were a better approach to accelerated national development. Prof. Lomborg, who is also …

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1D1F SMEs to benefit from US$300m facility

The Export and Import Bank of United States (EXIM) has signed an agreement with the Ghana Export-Import Bank (GEXIM) that will extend financial support to businesses under the One District, One Factory programme. The pact, dubbed the ‘Cooperation Framework Agreement’, is an arrangement whereby the U.S. EXIM Bank will give …

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