Ajumako-Enyan-Esiam Lawmaker, Cassiel Ato Forson, has said the response by the Bank of Ghana (BoG) to Parliament in relation to the petition filed by owners of the defunct Unibank and UT, Dr Kwabena Duffuor and Prince Kofi Amoabeng respectively, is disrespectful to the legislature. The former Deputy Minister of Finance under the Mahama …
Read More »GRA introduces rent tax – Commissioner-General
• Implementation of rent tax will kick off by end of this year • Rent tax must be paid within 30 days after the rent income is received by landlords or property owners • Payment of the rent tax can be made at the nearest Domestic Tax Revenue Division Office …
Read More »How Fathia Nkrumah’s personal assistant was abused by the military at the Flagstaff House
• Emma Florence Yaa Adinyira Amedahe has been speaking about her ordeal when Nkrumah was overthrown • She revealed that, the military abused her and took her belongings • She disclosed that Fathia told her that Kwame Nkrumah was a womaniser She served as the lady-in-waiting to the then …
Read More »Court set date to rule on Ato Essien’s no-case application
The Accra High Court will on July 8, this year, rule on a submission of “no case” filed by the Founder of the defunct Capital Bank, William Ato Essien, and three others accused of stealing depositors’ funds leading to the collapse of the bank. The other accused persons are the …
Read More »EPA issues conflicting permits to Yenyeya mining company
Starr News has uncovered two conflicting permits said to have been issued from the headquarters of Ghana’s Environmental Protection Agency (EPA) to favour a Chinese mining company against a Ghanaian mining firm. Some staff at the EPA headquarters confirm that the Ghanaian company— Yenyeya Mining Enterprise— had received from the …
Read More »Crude oil price rebound, gold and cocoa price decline – BoG report
• The Bank of Ghana said the Composite Index of Economic Activity (CIEA) grew strongly by 26.8 percent in March 2021, against a contraction of 1.9 percent a year earlier • The report also said lending rates of banks declined to 20.9 percent in April 2021, compared to 22.4 percent recorded in …
Read More »Here is how the cedi is performing against major foreign currencies as of June 10
• The cedi traded against the dollar at a mid-rate of 5.7512 • It trade value against the Pounds Sterling stands at 8.1222 mid-rate • The Euro, however, went up at a mid-rate of 7.0070 On the interbank board today, June 10, 2021, the Ghana cedi is trading against the …
Read More »New system launched to curb Mobile Money fraud
In response to the growing menace of mistrust and scams within the online commerce space, a new Mobile Money escrow service called Move Secure by Nsano has been launched to facilitate safe and secure transactions on Mobile Money. The service operates by “holding money in trust till both vendor …
Read More »We will delete names of companies that fail to file returns by June 30 – Registrar General’s Dept
• The Registrar-General said companies that fail to file their returns by June 2021 will risk having their names deleted from their system • Jemima Oware said, about 200,000 companies have failed to file their annual returns and financial statements since 2011 • She said the process of expunging can …
Read More »Fire destroys part of Elmina fish market, two injured
Two persons were Monday injured in an inferno, which burnt fresh fish and property worth thousands of cedis the Elmina Fish Market, leaving fishmongers and fishermen devastated. The fire engulfed a wooden shed where several drums of premixed fuel are kept with fishing inputs. One of the victims, whose injuries …
Read More »