BUSINESS

Import duty reduction is real; Ghanaians feeling it – NPP

The ruling New Patriotic Party (NPP) has described as a game changer, the policy by the Akufo-Addo government to reduce benchmark values of imported goods and auto vehicles by 50% and 30% respectively. Addressing a news conference on Sunday, 7th April, 2019 at the party’s headquarters in Accra, the General …

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Gov’t secures part of MMIP funds to tackle illegal mining

The government has secured part of the funds needed to address the damaging effects of illegal mining across the country. The money will be spent under the Multilateral Mining Integrated Programme (MMIP) designed by the government to regulate artisanal small-scale mining and to reclaim lands destroyed by illegal mining. The …

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Let’s restore dignity of teachers – Okyenhene

His Royal Majesty Okyenhene Osagyefo Amoatia Ofori Panin has said the dignity of teachers must be restored and protected because of the crucial role they play in national development. According to him “If Ghana will move forward we have to come back and restore the dignity of teaching in our …

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Government to deploy 220 mining guards in April

The government has announced that the first batch of 220 mining guards trained to police mining activities across the country will be deployed in April 2019. This comes on the back of the activities of some unscrupulous small scale miners in the Western North Region. A visit to some of …

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Internet price will soon go down – Ursula

The government of Ghana has commenced processes aimed at pushing the cost of the internet down, Communications Minister Mrs Ursula Owusu-Ekuful has said. There will be an industry forum early next month, Mrs Owusu-Ekuful said to force a consensus on the way forward. Mrs Owusu-Ekuful made this known during a …

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A 19-year-old Lucy Grant needs help to undergo Kyphosis surgery

Meet Lucy Grant, a first year student at Nyankumasi Ahenkro Senior High School who is suffering from Kyphosis. Lucy Grant is 19 years old and one of the brilliant Business Students at Nyankumasi Ahenkro SHS. As it is said, “disability is not inability”, Lucy doesn’t let her condition limit her …

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Ghana goes online with tax returns filing

Ghana has joined the league of nations that allow their citizens to file their tax returns online following the launch in Accra of the Ghana Revenue Authority’s Integrated Tax Application Preparation System (iTaPS) on Friday, 5 April 2019.The development and launch of the application comes a year after Vice-President Dr …

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Reinstate all dismissed UEW lecturers – Afenyo-Markin to V-C

The Member of Parliament for Effutu, Mr Alexander Afenyo-Markin, has called on the Vice-Chancellor of the University of Education, Winneba (UEW), Reverend Father Professor Anthony Afful-Broni to reinstate all dismissed lecturers of the university.Mr Afenyo-Markin said the V-C should adopt a reconciliatory posture and reciprocate the goodwill shown by aggrieved …

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Committee probing KNUST riot to complete work by April 25

The three-member committee tasked by the Asantehene and Chancellor of the Kwame Nkrumah University of Science and Technology (KNUST), Otumfuo Osei Tutu II to investigate the October 2018 riot by students of the university is set to complete its work by April 25, 2019. So far, the Vice-Chancellor of the …

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Takoradi baby kidnapper to undergo mental checkup

The gender court in Sekondi has ordered Mawusi Rose Fiaku, the 42-year old woman who is standing trial for allegedly stealing a one-year-old baby in Takoradi, to undergo a mental checkup. The move is to determine whether she is mentally sound. This was after the mother of the accused confirmed …

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Import duty cut: Checkout goods under benchmark value

There is seeming confusion over the reduction in the benchmark values for all imports announced by the Vice President, Dr Mahamudu Bawumia. A whopping 50% has been slashed on import duties except for vehicles which would be reduced by 30%. The move, which took effect from Thursday April 4, 2019, …

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Male teachers peeping at us – Bongo SHS female students

Students of the Bongo Senior High School in the Upper East Region have been sent home to forestall chaos after the female students boycotted breakfast and lunch over allegations that their senior housemaster and some tutors often peep at them while nude in their dormitories.The students refused to go for …

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Zimbabwe caning: Court bans ‘inhuman’ juvenile punishment

Zimbabwe’s constitutional court has banned the caning of juvenile convicts as a judicial punishment. Nine judges decided that judicial corporal punishment was illegal under the country’s constitution. They ruled it was cruel, inhuman or degrading treatment or punishment. While attitudes are changing, many parents in Zimbabwe still believe corporal punishment …

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PDS to publish power cuts timetable from today – PURC

Ghanaians may now heave a sigh of relief as steps have been taken to provide them with a schedule on the recent blackouts. The decision was taken at a meeting between Power Distribution Services (PDS), Volta River Authority (VRA) and the Public Utilities and Regulatory Commission (PURC) on Thursday. Confirming …

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‘Ghost’ mining company invades Atewa Forest

A portion of the Atewa Forest Reserve in the Eastern Region has been cleared by a mining company to begin mining operations in the rainforest. About 11 trees have so far been uprooted by the unknown company and a small pit dug at the Kobreso side of the reserve. Local …

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Importers & Exporters skeptical about duty reduction

Importers and Exporters Association of Ghana (IEAG) has expressed skepticism about the reduction in benchmark value of import duties at all of the country’s ports. According to them, the announcement by the Vice President, Dr Mahamudu Bawumia at a Town Hall meeting, though laudable is vague.   Executive Secretary of …

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IMANI breaks silence on Bawumia, EMT Townhall and it’s serious

Founding President of IMANI Africa, Mr Franklin Cudjoe and Vice President Kofi Bentil have spoken about the Economic Management Team townhall meeting held yesterday. Mr Cudjoe said judging from how the questions and answers at the Economic Management Team Townhall went, Ghanaians need “more assurances beyond high sounding economic jargons”. …

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BoG did not spend any reserves to stabilize the Cedi – Bawumia

Vice President Dr. Mahamudu Bawumia has dismissed claims that the Bank of Ghana spent reserves to revive the Cedi when it depreciated against some foreign currencies especially the Dollar. According to him, “some persons have misunderstood the requirement by the International Monetary Fund(IMF) to build up its reserves by some …

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SSNIT Tamale area takes 77 employers to court

The Social Security and National Insurance Trust (SSNIT), Tamale Area, has sent signals to all employers who fail to honour their obligation under the National Pensions Act, 2008 (Act 766), that the Trust will apply the law to ensure that workers get their due when they retire. The Tamale Area …

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We won’t go to IMF again – Ofori-Atta

Finance Minister, Ken Ofori-Atta has ruled out another romance with the International Monetary Fund (IMF), maintaining that sufficient macroeconomic gains have been made to prevent a return to the UN-backed institution. “The expectation of all of this is that we are consistently on top of the macroeconomics of the country, …

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100,000 Ghanaians lose $25m in Crypto scam

At least 110,000 Ghanaian investors have lost their investment totalling GHC135 million ($25.71m) to crypto investment scams and hacks in 2018, a report on the Global Coin Community Scam said. Members of Parliament are alarmed over the report and want regulators to police the sector to save Ghanaians from falling …

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