BUSINESS

The International Monetary Fund (IMF) says Ghana’s current inflation target range of 8±2% is relatively high compared to its peers in sub-Saharan Africa (SSA). This is clearly attributed to its high-interest rates on the continent. Ghana’s yield of about 14 and 15% on Treasury Bills and 24% average lending rate …

The Bank of Ghana has encouraged the general public particularly retail outlets, to accept the new GHC100 and GHC200 currency notes as they remain legal tender. The advice follows a viral video where a customer was allegedly turned away at a Game shop when he issued a 200 cedi note …

The Driver and Vehicle Licensing Authority (DVLA) has launched a digitized smart DP Sticker as part of cost savings new measures at the various ports of entry to replace the existing DP plates in use. The new sticker is environmentally friendly, has high security features, can be validated easily by …

Former President John Dramani Mahama has vowed to reverse the government’s recently announced 50% increment in the Communication Services Tax if elected to power in 2020. He said his government will do that to restore people’s confidence in the economy. John Mahama made this known in an interactive Facebook live …

The Chief of Staff, Mrs Akosua Frema Osei Opare, has cut the sod for the construction of a market at Dome in Accra. The project will be financed by the government and undertaken by Prolux Investment Limited at an estimated cost of GH¢9.4 million. It is expected to be completed …

Information available and analysed indicates that the government through the wrongful exercise of its discretion has caused about US$720million financial loss to the state for delaying the relocation of the Karpowership from Tema to Sekondi, where it is currently situated for past few weeks. The relocation of the power ship …

The Managing Director of the Tema Oil Refinery, Isaac Osei, has resigned. Chairman of the General Transport, Petroleum, and Chemical Workers Union (GTPCWU) at TOR, John Elton Botchway confirmed this to JoyNews Friday. According to him, Mr Osei made the surprise announcement at a staff end-of-year gathering. “He asked us to …

The clothing allowance paid to members of the Ghana Banking Association is now subject to taxation, the Ghana Revenue Authority (GRA) has revealed. In a letter addressed to the Executive Secretary of the Ghana Banking Association on Tuesday, 17 December 2019 and signed by the Acting Commissioner-General of the GRA, …

Moves are being initiated by rice millers in the country to get special identification stickers to differentiate Ghana rice from those imported. The Convener of the Rice Millers Association, Yaw Adu Poku, who made this known to Citi News said the move is also to check unwholesome or fake Ghana …