BUSINESS

Registrar General Department extends deadline for filing of annual returns

The Registrar General’s Department (RGD) has extended the deadline for filing of annual returns from April 30, 2020, to July 31, 2020, for companies whose financial year ended by December 31. The Department said in a statement signed by Constance Adomaa Takyi, Head of Public Relations that “All other Companies …

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GMA to destroy boats engaged in fuel illegalities

The Ghana Maritime Authority (GMA), regulator of the maritime industry, says it will soon acquire the power to seize and destroy wooden boats used for illegal fuel business. The Director General of the GMA, Mr Thomas Kofi Alonsi, said the legal department had been instructed to go to court and …

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Drinking bars remain closed: Tourism Ministry reverses GTA order

The Tourism Minister has countered a circular issued by the Ghana Tourism Authority (GTA) authorizing drinking bars to start operating alongside food chains and restaurants. The GTA on Monday, May 11, said hotels can operate sit-in as well as pick-up and delivery services while also observing the safety protocols. It …

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Eight dead in fatal accident on Accra-Kumasi highway

Eight (8) persons have lost their lives in a fatal accident on Accra to Kumasi Highway. Three (3) persons who sustained life-threatening injuries are on admission. The fatal accident occurred Tuesday evening around 8:30 pm on Akyem Anyinasin stretch of the highway which is a few Kilometers away from Akyem …

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South Africa backlash over ‘sandal sale ban’

South Africa’s government is facing a backlash over new lockdown regulations detailing what clothes can and cannot be sold in shops. The opposition has compared the rules to Soviet-style bureaucracy. The governing African National Congress (ANC) party is under mounting public pressure to ease lockdown rules despite warnings that infections …

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IFS cautions gov’t over extra-budgetary expenditure

Senior Research Fellow at the Institute for Fiscal Studies Dr. Said Boakye has charged the government to be more diligent in the consolidation of extra-budgetary expenditure for better representation of Ghana’s macroeconomic data. This comes on the back of the Finance Ministry’s insistence, that data shared with the IMF in …

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Inflation rate for April rises to 10.6%

The national year-on-year inflation rate for April 2020 hits 10.6%, which is 2.8 percentage points higher than last month, the Ghana Statistical Service has said. The year-on-year inflation for March 2020 was at 7.8 percent. The Month-on-month inflation between March 2020 and April 2020 was 3.2%. These are the highest …

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Coronavirus: KMA issues trotro stickers to regulate operations

The Kumasi Metropolitan Assembly (KMA) in collaboration with all the transport unions in the Ashanti Region have begun distribution of specialized vehicle stickers to various commercial vehicles to avert congestion in the Region. The move is to ensure that commercial vehicles operate within a confined jurisdiction in order to curb …

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Bawumia unveils MASLOC’s Integrated ICT System for enhanced loan disbursement

Vice President Dr. Mahamudu Bawumia on Tuesday launched the Microfinance and Small Loans Centre’s(MASLOC) Integrated ICT System to enhance transparency and accountability in the disbursement and recovery of loans. The ICT platform is an innovative solution to address payment and settlement challenges as well as reach out to the wider unbanked population …

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I’m about to commit financial suicide – Yonny Kulendi

Supreme Court judge nominee Yonny Kulendi has dismissed speculations that his nomination as a judge to the highest court of the land will positively impact his financial fortunes. Answering questions during his vetting Tuesday, the renowned lawyer who was nominated by President Akufo-Addo stated that he is about to commit …

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