BUSINESS

The Ghana Revenue Authority (GRA) has begun investigations into some tax evasion and money laundering allegations against some companies. According to the GRA, penalties will be given to firms that a found guilty of perpetrating such acts. The GRA in a statement on Thursday, April 8 said its attention “has been …

Cold store operators at the Asafo Market in Kumasi, the Ashanti regional capital, say they are gradually losing their business due to the erratic power supply. According to them, they have had to dispose of hundreds of cartons of spoilt fish due to months of unreliable power supply. The traders …

  The Securities and Exchange Commission (SEC), has begun drafting a new guideline on third party and related transactions that will prevent misapplication and misappropriation of investment funds by fund management firms. The collapse of some management firms was attributed to a third party and related transactions. The deputy director …

An Italian warship, Luigi Rizzo with a crew of soldiers of about 187, has berthed at the Tema Port to engage the Ghana Navy in a collaborative exercise aimed at curbing the growing activities of pirates off the Gulf of Guinea. According to statistics, piracy off the Gulf of Guinea, …

A group calling itself Concerned Northern Grassroots of the governing New Patriotic Party (NPP) has condemned Majority Leader Osei Kyei-Mensah-Bonsu for suggesting that the party go for a non-Akan as its next flag bearer. The Minister of Parliamentary Affairs, recently said in an interview that: “Inwardly, I know I have the competence to lead …

Global football governing body, FIFA has banned Chad from football until further notice. The decision was taken by the Bureau of the Fifa Council on Wednesday and takes effect immediately. Note that in December 2020, Fifa had rejected a request from the country’s ministry of sports to dissolve the Chadian Football Federation. …

The Vice-President, Dr. Mahamudu Bawumia has launched an innovative Digital Retail Fuel Monitoring System by the National Petroleum Authority (NPA) in Accra. The Fuel Monitoring System, which allows fuel in OMC tanks across the country to be monitored by NPA, will curb illicit activities in petroleum downstreaming, such as unauthorised third party …

Mukesh Thakwani, the Chief Executive Officer of leading steel and iron manufacturing company in West Africa B5 Plus Limited, has commended the Government for the implementation of One District One Factory. According to him, under the leadership of President Nana Addo and the existence of the 1D1F program B5 plus …

  The first quarter (Q1) of 2021 saw the Ghana Stock Exchange top the African stock market with an annual return of 14.62% in dollar term for investors. The performance of the market translated into an improved market capitalization of GH¢57.16 billion at the end of March this year. The …

The Accra Sewerages Systems Ghana Ltd is set to expand and upgrade its liquid waste treatment plant and technologies to treat more liquid waste within Accra and its environs. The expansion project which is going to be undertaken by EMO, an environmental technology company based in France will help increase …