BUSINESS

Bank of Ghana spends GH¢306m on printing cedis in 2019

A total of GH¢306 million has been spent by the Central Bank to print money in 2019 including the new notes of GH¢100 and GH¢200. From GH¢147million spent in 2018, the jump, which represents an increment of 108%, is attributed to the new notes. According to the Bank of Ghana’s 2019 …

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Benefits of sex that you did not know

  Sex coach, Dzifa Sweetness, has educated that sexual intercourse is not only beneficial for reproduction or pleasure but has a lot of side benefits that we do not realize. In an interview on eTV Ghana’s adult show, In Bed with Adwen, with Ghana’s greatest love Doctor, Adwen, she noted …

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Coronavirus: Ghana’s confirmed cases cross 10,000

Ghana has confirmed 291 new cases of the novel Coronavirus. These new cases have pushed the country’s case count to 10,201. The new figures represent a rise of 563 cases from the initial figure. The Ghana Health Service (GHS) made this know on their official website on Tuesday, June 9, 2020. Meanwhile, some …

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Govt to borrow GH¢17.8bn in 3 months

The government of Ghana is seeking to borrow GH¢17.8 billion between May and August 2020. According to the Issuance Calendar, GH¢15.8 billion is to rollover or settle maturities and the remaining GH¢2.03 billion is a fresh issuance to finance government projects. The 91-Day Treasury bill dominates the issuance calendar with …

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No church services should be held in classrooms – GES warns

No church services will be held in classrooms, Director-General of the Ghana Education Service (GES), Professor Kwasi Opoku-Amankwa has cautioned Christian religious leaders in the country. Following President Akufo-Addo’s ease of restrictions on public gatherings, schools across the country have reopened for final year students and churches are permitted to …

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MTN reacts to NCA’s ‘monopoly breaking policies’

Telecommunications giant, Mobile Telephone Network (MTN), has responded to media reports on the National Communications Authority’s (NCA) decision to implement some specific policies to ensure a level-playing field for all network operators within the telecommunications industry. The new policies, according to the reports, are due to MTN’s huge market share …

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COVID-19 cases rise to 48 285, death toll close to 1 000

Mpumalanga has recorded its first death as the number of COVID-19 infections increased by 2 312 to 48 285. Meanwhile, in the Western Cape, 45 people succumbed to the COVID-19 related disease, bringing the death toll to 998 as of Sunday. “We extend our condolences to the loved ones of the …

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Tema Ports in turmoil over UNIPASS faulty system

Relevant stakeholders in the trade facilitation chain at the Tema Ports are frustrated as they continuously point out the evident lapses in the Ghana Link/UNIPASS-ICUMS system and the increasing nature of it that has disrupted the ease of doing business and resultant revenue loss to the state. Importers are up …

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COVID-19 Slows Down Banking Sector Business

Mr John Awuah, the Deputy Chief Executive Officer of Ghana Association of Bankers, has revealed that the advent of the COVID-19 pandemic has slowed down banking business and increased risk of impact on loan performance. COVID-19 has had a negative impact on the economy and the banking sector as economic …

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GRA replies IMANI Africa

Management of the Ghana Revenue Authority (GRA) has responded to some assertions made by IMANI Africa against the newly deployed Integrated Customs Management System (ICUMS). GRA in a press release on Sunday June 7, 2020, addressed the concerns raised by the policy think tank. Read fully GRA’s response to IMANI …

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Port operations have not reverted to pre-2002 manual system – GRA

The Ghana Revenue Authority (GRA) has dismissed claims by Imani Ghana that port operations in the country have reverted to pre-2002 manual system due to the introduction of the Integrated Customs Management System (ICUMS). According to GRA in a statement signed by Florence Asante, Assistant Commissioner, Communication and Public Affairs, …

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Cristiano Ronaldo is first ever billionaire footballer

According to Forbes, the Juventus talisman has now joined fellow sportsmen Tiger Woods and Floyd Mayweather in the billionaire’s club, hence, making him football’s first-ever ten-figure player. The Portuguese captain earned $105 million before taxes and fees in the past year making him the first footballer in the history of …

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UNIPASS platform milking GUTA members dry

The Ghana Union of Traders Association (GUTA), has appealed to the Akufo-Addo government to speedily fix the challenges bedevilling the implementation of Ghana Revenue Authority’s (GRA)’s new Integrated Customs Management Systems, also known as UNIPASS. According to the traders, the existing difficulties with the system which is causing delays, are …

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JHS students to spend only four hours in school daily – GES

Junior High School students will not spend more than four hours in school per day, the Ghana Education Service (GES) has said. The comment comes after President Akufo-Addo announced the reopening of schools for final year students in the country. As part of measures to return lives to normalcy while …

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AngloGold Ashanti constructs road at Obuasi to improve transport network

The AngloGold Ashanti Obuasi Mine, is financing the construction and asphalting of a 1.3-kilometre road in the Obausi Municipality. The project estimated at GH¢5.7 million is part of the company’s corporate social responsibility initiative in the community. Mr Eric Asubonteng, the Managing Director of the Company, who made this known …

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30 Health workers test positive for COVID-19

Nearly 30 health workers in the Eastern Region have tested positive for Covid-19. The affected health workers are a mixture of those conducting contact tracing and those working in hospitals and other health facilities. About eight (8) out of the total number have, however, recovered. The inadequate Personal Protective Equipment …

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Accra International Conference Centre gradually rots away

Conferences and programmes that have been earmarked to take place at the Accra International Conference Centre (AICC) when the Africa Continental Free Trade Area (AfCFTA) agreement finally takes off may be unfeasible as a result of the poor state of the facility. The AICC, the country’s flagship event venue that …

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‘Coronavirus vessel’ arrested at Tema Port

The tight security apparatus that President Akufo-Addo has set up at the country’s ports continue to prove very robust, as the hawkish eyes of the Tema Port security nip a vessel carrying people infected with coronavirus before it would dock. The Formula 1 vessel was intercepted after intelligence confirmed that …

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Accra International Conference Centre gradually rots away

Conferences and programmes that have been earmarked to take place at the Accra International Conference Centre (AICC) when the Africa Continental Free Trade Area (AfCFTA) agreement finally takes off may be unfeasible as a result of the poor state of the facility. The AICC, the country’s flagship event venue that …

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