BUSINESS

Lack of fuel at BOST depots renders tanker drivers jobless for months

The Ghana National Petroleum Tanker Drivers Union has appealed to President Nana Addo Dankwa Akufo-Addo to intervene in the operations of the Bulk Oil Storage and Transportation Company Limited (BOST) as its operations were taking a nosedive. They argued that for close to a year now majority of the Tanker …

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Supreme Court dismisses suit against BoG filed by Association of Finance Houses

In December 2018, the Bank of Ghana (BoG) issued a Corporate Governance Directive, pursuant to its powers under sections 56 and 92(1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016, Act 930. The Association of Finance Houses, in November 2020, brought an action at the apex court challenging the …

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Kotoko CEO caught in contradictions over Fabio Gama’s deal

Credibility crisis has hit Asante Kotoko CEO Nana Yaw Amponsah after he was caught, in what could be described as some contradictions over the transfer of Brazilian play maker Fabio Gama. The former FIFA Agent who happens to be the youngest CEO in the history of the Porcupine Warriors had …

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BOST to pay GH¢9.9 million judgement debt to Hask Oil

An Accra High Court has ordered the Bulk Oil and Storage and Transportation (BOST) to pay a total of GH¢9,962, 118.84 to Hask Oil Company Limited being the interest accrued on a bank facility they took, while their products were in the custody of BOST (the Defendant). This is because …

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Bank of Ghana’s MPC to announce policy rate decision today

•The central is set announce a new policy rate today •The MPC at its 100th meeting slashed the rate by 100 basis points at 13.5 from 14.5 percent. •The rate will be of keen interest to businesses operating in the country The Bank of Ghana’s Monetary Policy Committee is set to …

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Giving life to plastics: Meet the Ghanaian innovator who builds houses with plastic waste

Video Archive Sat, 24 Jul 2021Source: Praise Nutakor Nelson Boateng is a 36-year-old Ghanaian, building houses and producing pavement blocks with plastic waste in Ghana. After graduating from school with a diploma in computer networking engineering, Nelson was determined to provide solutions to the country’s plastic menace and ventured into recycling. …

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Over 1,500 birds to be killed on Denu farm as Ministry races to contain spread of Bird flu

Some 1,500 birds are to be culled on an animal farm in Denu in the Ketu South Municipality as the Ministry of Food and Agriculture (MOFA) works around the clock to end the spread of bird flu in the Country. Avery Farms, an animal rearing business located within the Gamadza …

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How Awuah Darko, his two successors saved BOST $24m – Report

It has emerged that the reported gains made at the Bulk Oil Storage and Transportation Company Limited (BOST) in payment to Bulk Distribution Companies (BDCs) was achieved under the former management of the company. BOST earlier this week announced that the current management has been able to save over $20 …

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14 million registered as taxpayers, only 6 million file returns

The Ghana Revenue Authority (GRA), after the completion of its comprehensive integration exercise with other government institutions, has observed that out of the 14 million registered taxpayers on its books, a majority 8 million have not been filing their tax returns – leaving 6 million complying with the tax laws. …

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Akufo-Addo appoints Kennedy Agyapong as Board Chairman of Ghana Gas

• Kennedy Agyapong has been appointed a new chairman of a board • He will lead a nine-member board of the Ghana Gas Company Limited • He declared his pledge to work in the best interest of the company Kennedy Agyapong, the Assin Central Member of Parliament, has been appointed as …

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