BUSINESS

    Ghana Cocoa Board’s (COCOBOD) annual pre-export financing, will be raised by a club of banks as its traditional lenders; the European Bank, have declined to underwrite the risk amid the uncertainty of the coronavirus pandemic, banking sources said. The loan will back its 2020/2021 cocoa crop and is …

  The state has added to the charges against Dr Kwabena Duffour former Minister of Finance and Governor of the Bank of Ghana, and eight others for their alleged roles leading to the collapse of Unibank Limited (a commercial bank). The accused were initially facing 68 charges but those charges were increased …

Acting Commissioner-General of the Ghana Revenue Authority (GRA), Rev Ammishaddai Owusu-Amoah, has said the newly deployed Integrated Customs Management System (ICUMS) has generated some GH?490 million in its first 17 days of operation. According to him, this figure compares favourably with the average monthly revenue collections of about GH?942 million …

  The Chief State Attorney, Marina Appiah Opare, has said the plan by Mr. Willaims Ato Essien, CEO of the defunct Capital Bank, to pay the funds will not stop the trial from proceeding since the negotiation will affect only four of the charges. He and three others are facing …

    A recent Bank of Ghana report on the real sector of Ghana’s economy says employment conditions as measured by the total number of SSNIT pension contributors (both public and private sector) declined in the first quarter of this year, compared to a similar period in 2019. It said …

      The Finance Minister, Ken Ofori-Atta is expected to present the mid-year budget review and supplementary estimates in July. According to the Majority Leader, Osei Kyei Mensah Bonsu, the Finance Minister will use the opportunity to explain how government intends to replenish advances it took from the Contingency Fund …

To root out corrupt revenue collection officials in the country, the Ghana Revenue Authority (GRA) and Ministry of Finance have established a Tax Audit and Quality Assurance Unit. A bold move, according to some industry voices, the new department will deal with all complaints of corruption and ensure that the …

The rapid depreciation of the cedi against the major trading currencies especially the dollar is partly to blame for the recent increase in fuel prices in the country, Paa Kwasi Anamua Sakyi, Executive Director for the Institute of Energy Security (IES), has said. In a statement, he explained that the …

Ghana’s quest to become a beacon in nuclear power production is on course as the country has already made commitments to generate one gigawatt of nuclear power to add to its energy mix. The project is expected to commence in 2024 and be completed in 2030. Instructively, phase one of …

MoFA Mr Francis Ennor, the Upper East Regional Director of the Ministry of Food and Agriculture (MoFA) has advised farmers in the region to farm activities to increase production without fear of contracting the COVID-19. “Some of the farmers are expressing the fear that if they go to the farms they …