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BUSINESS

Bonzali Rural bank strives in its operations

Despite the daunting challenges in the financial sector in 2018, Bonzali Rural Bank Limited (BRB) managed to carry out its strategies extremely well to uphold its financial performance and stay afloat. As at 31st December 2018, the bank recorded a total deposit of GH26,138,762.00 as against a figure of GH26,001,724.00 …

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€127m for NVTI projects

Parliament has approved a loan of €127million to overhaul NVTI programmes, Deputy Minister of Education in-charge of Technical & Vocational Education & Training, Gifty Twum-Ampofo, has disclosed. Speaking to DAILY GUIDE after touring some technical and vocational institutions in Koforidua, she said part of the loan would be used to …

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Western Togolanders vow to declare ‘independence’ on Thursday, May 9 despite arrests

The Volta Region-based Homeland Study Group Foundation (HSGF), which is agitating for the restoration of the Western Togoland as an independent state, says it is not perturbed by the arrest of its chairman and seven other leaders by police. The Foundation warned that whatever they had planned to carry out …

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ESLA PLC accrues GH¢5.9 billion in assets

The total assets accruing to the Energy Sector Levy Act (ESLA PLC) increased by 2.5% for the first quarter of 2019 compared to the same period in 2018. According to the unaudited financial statement of ESLA PLC, the figure increased from 5.76 to 5.9 billion cedis for the period spanning …

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IMF warns of revenue shortfall if Africa Free Trade Agreement is implemented

The International Monetary Fund (IMF) has warned that Ghana could face revenue shortfall if the country starts the implementation of the African Continental Free Trade Agreement(CFTA) this year. The IMF maintains that although the agreement will boost trade on the continent, it will affect earnings and employment opportunities in some …

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Controversy over Otumfour’s statue: It represents true image of Asantehene- Suame MCE

The Municipal Chief Executive (MCE) for the Suame Municipal Assembly in the Ashanti region, Hon. Dr. John Osei Bobie, has explained that the statue erected at the Kumasi Kejetia Market represents the true image of Asantehene, Otumfuo Osei Tutu II, depending on the angle one views from, as criticized by …

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BoG to begin circulation of upgraded cedi notes today

The Bank of Ghana (BoG) will today begin the circulation of its enhanced GHc10, GHc20 and GHc50 notes. According to the Bank of Ghana, both the old and the new notes will be used concurrently until the old ones are phased out. New features on the new notes include a …

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Deputy GCB-Bank MD caught in age-cheating

As President Akufo-Addo sacks over 60-year Olds from government, the Deputy Managing Director (MD) of GCB-Bank in-charge of operations, Samuel Amankwah, has been caught in an age-cheating scandal, affording him extra years to remain at post, at a time he is supposed to have retired. Documents available to The Herald, …

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1-Village, 1-Dam: Gov’t wasting our money and exposing us to risks – Isaac Adongo

Member of Parliament (MP) for Bolgatanga Central Constituency, Hon Isaac Adongo has described as a complete waste of taxpayers’ money by government to construct Dams under one of its much touted initiatives called One-Village One-Dam. Government has embarked on the construction of dams in communities in the northern part of …

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Fulfil your tax obligations – GRA urges traders

The Ghana Revenue Authority (GRA) has called on businessmen and women to regularly file their tax returns. Speaking at a roundtable discussion with the Ghana Electrical Dealers Association in Accra, the Commissioner-General of the Ghana Revenue Authority Mr. Emmanuel Kofi Nti said: “It is time we improved on our tax …

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