BUSINESS

Nana Addo Dankwa Akufo-Addo, has assured the Chiefs and people of Akwatia that Government will do all within its power to revive the Ghana Consolidated Diamonds Ltd., (formerly Great Consolidated Diamonds Company Limited), which is no longer in operation. According to President Akufo-Addo, the Ghana Consolidated Diamonds Ltd, in times …

The Managing Editor of the Insight newspaper, Kwesi Pratt Jnr seems not to be happy with the International Monetary Fund (IMF). He is of the view that the financial organization is ‘untruthful and unreliable’. His comment comes on the back of commendation from the IMF that Ghana’s economy is in …

The Ministry of Communications has directed telcos to roll over all unused data and voice bundles purchased by customers. This will mean unused data and credit will not expire. “All unused data and voice bundles purchased by subscribers do not expire and must be rolled over with the next recharge,” …

Officials of the Ministry of Finance have met a number of Financial Institutions as part of the series of engagements with stakeholders to solicit views for consideration into the 2020 Annual budget. The PFM law requires the Ministry to engage with different stakeholders for their inputs before the annual budget …

Communications Minister, Ursula Owusu-Ekuful has accused the mobile telecommunications companies of milking consumers over the implementation of the recently increased Communication Service Tax (CST). In a letter written to the National Communication Authority (NCA), the Minister said before the increment in the CST from 6 to 9 percent, telcos were …

The Communications Ministry has ordered Mobile Network Operators (MNOs) to stop passing on the 9% Communication Service Tax (CST) to subscribers. In a letter addressed to the National Communications Authority (NCA), and published in full below, the Communications Ministry stated that the CST should be treated the same way VAT, NHIL, …

Head potters, popularly called ‘kayaayei’, have increased their charges for the services they offer. According to the lady porters, the increase has become necessary due to recent increment in fares and utility tariffs in the country. They explained that though they did not have specific charges, they had agreed not …

The Chief executive Officer (CEO) of the Afro-Arab Group, Alhaji Salamu Amadu won the award for the Banking and Finance category of the 2019 40 Under 40 Awards. He owns the Afro-Arab Microfinance Company Limited, a Tier-2 microfinance company licensed by Bank of Ghana to operate the business of microfinance. …

The International Monetary Fund (IMF) has given Ghana’s economy a clean bill of health. According to the fund, Ghana’s economy remained stable and projected a seven per cent Gross Domestic Product (GDP) growth for 2019. A team from the Breton Woods institution, led by Mr Carlo A.E. Sdralevich, which is …

Senior Minister, Yaw Osafo-Maafo has lamented over Ghana spending US$1.35 billion last year on rice importation alone. According to him, foreign exchange that could be used on machinery to modernise the economy was spent on rice although rice could be grown in every part of the country. Mr Osafo-Maafo made …