BUSINESS

The Consolidated Bank of Ghana (CBG), according to Finance Minister Ken Ofori-Atta, has “made considerable progress in term of paying depositors whose monies were locked up” with the seven individual local banks whose licences were revoked by the Bank of Ghana (BoG) and subsequently morphed into the bridge bank in …

The Electricity Company of Ghana(ECG) is to be listed on the Ghana Stock Exchange, Finance Minister, Ken Ofori-Atta has announced. Presenting the budget statement and financial policy of the government of Ghana for the year ending 31st December 2020, he said “Government will make every effort to avoid the pitfalls …

Senior Minister Yaw Osafo Maafo has explained that government did not deliberately leave out Volta Region out of the 2020 budget roads allocation. In an interview on MyNewsGh.com’s sister platform Citi, Mr. Osafo Maafo said he has cross-checked with the Minister of roads who is currently in Japan and the …

Deputy Minister for Foreign Affairs And Regional Integration Minister, Mohammad Habibu Tijani (MP), says Nigeria will soon open its closed borders. Africa’s most populous nation unexpectedly closed its land borders to all movements of goods, banning both imports and exports through land. Speaking in an exclusive interview with Empire News’ …

The Finance Minister says the economy of Ghana has miraculously turned around and moving in the right direction. He says God’s blessing of hard work is beginning to manifest in the country. “We have stabilised the macroeconomic turbulence” Despite the limited resources at government’s disposal, it implemented flagship programmes, gave …

Tax expert and Senior Associate at Ali-Nakyea and Associates, William Kofi Owusu Demitia, has urged the government to come up with new compliance rules for its tax regime to enable government raise the needed revenue to undertake developmental projects. To Mr Demetia, there is the need for a change in …

Ghana Premier League Asante Kotoko have mutually terminated the contract of coach Kjetil Zachariassen, according to his agent, Charles Kouadio. The Norwegian gaffer has become a major topic of discussion in the past days when he went missing after the San Pedro game a week ago. The Porcupine Warriors cited …

Finance Minister, Ken Ofori-Atta is laying before parliament the Budget Statement and Economic Policy for 2020 in line with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921). The 2020 Budget will focus on tax reforms that will enhance private sector …

The Chinese government has decided to cancel a 250 million Yuan debt owed it by Ghana. In addition, the world super power has given the government 300 million Yuan grant to assist in its development process, both totalling 550 million Yuan. This came to light at a meeting between the …

The Securities and Exchange Commission (SEC) will begin accepting relevant documents for the validation of investment claims on November 18, 2019, following the revocation of the licenses of 53 Fund Management Companies. In a statement, the SEC said designated branches of Consolidated Bank of Ghana Limited (CBG) will open to …