BUSINESS

Ghana’s Cedi records lowest annual depreciation since 2016

Ghana’s cedi has weakened every year since at least 1994. Now the central bank appears to have drawn a line in the sand, ready to intervene should the currency slip out of the tight range it’s held since May. The Bank of Ghana has sold dollars in the spot and forward markets …

Read More »

Afram Plains District Assembly raises 150k cashew and Mango seedlings for farmers

A total of 150,000 cashew and Mango seedlings have been raised for free distribution to farmers in Kwahu Afram Plains South District of the Eastern Region under the Ghana Productive Safety Net Project (GPSNP) seeking to strengthen and improve social safety nets and productive inclusion of the poor and vulnerable. …

Read More »

We’re Determined To Meet Our GHC42.7 Billion 2020 Target — GRA Boss

The Ghana Revenue Authority (GRA) remains determined to meet its revenue target of GHC42.7 billion, the acting Commissioner-General, Rev. Ammishaddai Owusu-Amoah has said. Rev. Ammishaddai Owusu-Amoah has the Authority is even fired up to meet the ‘challenged’ target of GHC55million at the end of the year 2020. “As an Authority, …

Read More »

Government suspends ban on accident vehicle imports

The government of Ghana has reportedly suspended the implementation of the amended Customs (Amendment) Bill 2020 that bans the importation of accident and salvaged motor vehicles into the country. This was disclosed in an interview by the Ghana Institute of Freight Forwarders (GIFF) on Thursday though the government is yet …

Read More »

Government suspends ban on accident vehicle imports

The government of Ghana has reportedly suspended the implementation of the amended Customs (Amendment) Bill 2020 that bans the importation of accident and salvaged motor vehicles into the country. This was disclosed in an interview by the Ghana Institute of Freight Forwarders (GIFF) on Thursday though the government is yet …

Read More »

Messi wins nine-year fight to trademark his surname

Footballer Lionel Messi can register his name as a trademark after a nine-year legal battle, the EU’s top court has ruled. The European Court of Justice dismissed an appeal from Spanish cycling company Massi and the EU’s intellectual property office, EUIPO. The Barcelona footballer first applied to trademark his surname …

Read More »

Former staff of collapsed Fund Management Companies demand salary arrears from government

The coalition of former staff of Fund Management Companies whose licences were revoked is demanding their salary arrears from the Government of Ghana. In a statement signed by Theo Paintsil, the spokesperson of the group, the staff are also demanding immediate inclusion in the government bailout package to have their …

Read More »

GUTA executives divided after Mahama meeting

There is serious confusion within the Ghana Union of Traders Association (GUTA) over political affiliations of its leaders. The confusion, according to reports, is being created by some of the executives who have openly shown their affinity to the opposition National Democratic Congress (NDC). Information gathered indicates that, former President …

Read More »

Govt scheming to reinstate PDS – Minority alleges

The Minority in Parliament has alleged that there is a massive collusion between government and owners of Power Distribution Services (PDS) for the reinstatement of the botched Power concession agreement. Addressing the press in parliament, minority spokesperson on Mines and Energy, Adam Mutawakilu said a recent announcement by the Information Minister, Kojo Oppong …

Read More »

We will not legalise ‘Okada’ business – Bawumia

Vice President Dr Mahamudu Bawumia says the Akufo-Addo administration will not legalise what he describes as “risky business” of commercial motorbike aka ‘Okada’ in the country. He assured the riders of a better alternative of empowering them to purchase brand new cars assembled in the country to engage in a …

Read More »