BUSINESS

President of Ghana Pentecostal and Charismatic Council (GPCC), Reverend Paul Frimpong-Manso, has said he does not support the call for government to tax offerings and tithes collected by the various Christian bodies. Rather, he said, government should strengthen the Ghana Revenue Authority (GRA) to identify churches that operate businesses on …

The Government of Ghana has rescinded its decision on the issuance of the 2-year cedi and 5-year cedi dominated bonds, a Joy Business report has said. According to the portal, the cancellation comes after bonds were initially issued back in May and March this year and were re-opened to both …

International rating agency Fitch has downgraded the viability ratings of three Ghanaian banks to “CCC”. The Banks are Ecobank Ghana Limited, Guaranty Trust Bank (Ghana) Limited (GTB Ghana), and United Bank for Africa (Ghana) Limited (UBA Ghana). The downgrade came after the rating agency downgraded Ghana’s creditworthiness to “CCC” or …

    Property development and investment company, Lakeside Village, a subsidiary of Net 36 Vista, has rallied massive support for this year’s Ghana Outstanding Women Awards ( GOWA), scheduled for September 3, at the Tang Palace in Accra. The support worth thousands of Cedis forms part of the real estate …

Deputy Minister of Trade and Industry, Herbert Krapa, has announced that Ghana, together with seven other countries are set to commence trading under the African Continental Free Trade Area (AfCFTA). So far, 54 African countries have signed the AfCFTA agreement with 46 including Customs Union having submitted their tariff offers. …

An Obuasi based association, Appiani-Bonsec fun club is has sent a strong warning to illegal small scale miners (Galamsey operators) in the town to stay of the concession of the Anglo-Gold Ashanti (AGA) or face their wrath. According to the group, activities of the Galamseyers is affecting the smooth running …

The Coalition of Aggrieved Customers of Menzgold, say government’s move to drag the Chief Executive Officer for Menzgold, Nana Appiah Mensah (NAM1), to court was a deliberate way to protect him. The group believes government was consciously using the court to shield Menzgold from the aggrieved customers instead of pursuing …

The Ghana Union of Traders Association (GUTA) has served notice to the government that they will close down shops on Monday, 29th August 2022 in protest of the depreciation of the Cedi and severe economic hardship. Addressing the media on Monday August 22, 2022, the President for GUTA, Dr. Joseph …

The Bank of Ghana has sounded a strong warning to forex bureaus operating in the country, that any breach of the regulations under which they work will result in their closure or severe sanctions against them. The move is to stop all deliberate market practices that are fuelling the cedi’s fast depreciation, …

The NDC minority caucus in parliament has cautioned the Bank of Ghana(BOG) to yield to Parliamentary oversight in its dealings, particularly in relation to money printing to finance government spending. A statement issued by the minority leader, Haruna Iddrisu on Friday, August 19, 2022 said the fiscal dominance regime the …