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BUSINESS

COP Maame Tiwaa Addo-Danquah is new EOCO boss

COP Maame Tiwaa is former CID boss IGP releases COP Tiwaa to operate from the presidency COP Maame Tiwaa takes office as EOCO boss on Monday COP Maame Yaa Tiwaa Addo-Danquah has been appointed by President Nana Addo Dankwa Akufo-Addo as the new Executive Director of the Economic and Organized Crime Office …

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Benchmark Value: GRA suspends implementation for two weeks

The Ghana Revenue Authority (GRA) has suspended the implementation of the reversal of the benchmark value policy for two weeks. The suspension, to be lifted on January 17, 2022, is to allow importers who got their duty bill before December 31, 2021, to successfully clear their goods within the period, …

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Fuel price to rise by 3.7% – COPEC predicts

The price of petrol is expected to increase by 3.7%, the Chamber of Petroleum Consumers (COPEC) has predicted. COPEC in a statement said Brent crude plunged by 10.7% to $73.45/barrel on 26 November 2021 and the OPEC Reference Basket (OPB) plunged by 6.9% to $76.09/barrel on the same date. According …

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Emirates flight ban: GACL loses GH¢1.4 million in a week

Ghana Airports Company Limited (GACL) is bleeding due to the decision of one of its main clients, Emirates Airlines, to suspend flights between Accra and Dubai for health reasons. Aviation Ghana analysis of the taxes and airport charges at Ghana’s only international airport, Kotoka International Airport reveals that GACL, which …

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GCB Bank rebrands as GCB Bank PLC

GCB Bank Limited has issued a statement to officially inform the general public and stakeholders that its corporate name has been changed from GCB Bank Limited to GCB Bank PLC, as per a resolution passed by the shareholders of the Bank at its Annual General Meeting on 25 March 2021 …

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E-levy will ‘happen’ – Majority

Majority, Minority MPs fight over E-levy bill Parliament suspends sitting to allow for broader consultation on e-levy Parliament resumes January 25, 2022 The Majority caucus in Parliament has stated that the controversial electronic transaction levy otherwise known as E-levy will eventually be passed despite the strong opposition by their colleagues on the Minority side. …

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Akufo-Addo confirms 7 percent increase in salaries of public workers

Labour unions reject 4 percent increment in salaries Labour unions threaten to strike over the four percent increment 7 percent increment takes effect 2022 Ghana’s President, Nana Addo Dankwa Akufo-Addo, has confirmed the 7 percent salary increase to all public sector workers. This implies workers including the police, doctors, nurses, teachers, …

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SSNIT extends merger of NIA and SSNIT numbers to June 30

The Social Security and National Insurance Trust (SSNIT) has announced an extension of the deadline for the merger of SSNIT and National Identification (NIA) numbers for members of the scheme. Announcing the extension in a release dated January 5, 2021, the management of SSNIT said the deadline initially fixed for …

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Government extorting from travellers at KIA – Okudzeto Ablakwa

ECOWAS nationals pay $50 and non-ECOWAS nationals $150 Cost of COVID-19 testing has reduced worldwide – Ablakwa Current cost of Cost COVID-19 testing – MP North Tongue MP, Samuel Okudzeto Ablakwa, has accused the government of extorting monies from travellers entering Ghana through COVID-19 testing at Kotoka International Airport (KIA). According …

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BoG to auction $450m in first quarter of 2022

BoG aims to strengthen cedi’s local performance BoG to invite bidding on separate days BOG to publish auction calendar quarterly The Bank of Ghana has announced that it will auction $450 million in the first quarter of this year. According to the Central Bank, the move is expected to help strengthen the …

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