BUSINESS

Commissioner for the Customs Division of the Ghana Revenue Authority has urged customs officials, especially those at the ports to expose colleagues who engage in fraudulent activities. Mr Isaac Crentsil said he is red alert to deal with any custom official who takes bribe to stifle government’s revenue mobilisation. His …

There is seeming confusion over the reduction in the benchmark values for all imports announced by the Vice President, Dr Mahamudu Bawumia. A whopping 50% has been slashed on import duties except for vehicles which would be reduced by 30%. The move, which took effect from Thursday April 4, 2019, …

President Nana Addo Dankwa Akufo-Addo has said cooperation between Ghana and Cuba is being extended to the eradication of malaria, and soon, through a joint venture agreement with Labiofam S.A., a bio-larvicide factory will be established in Savelugu, in the Northern Region of Ghana.Nana Akufo-Addo further disclosed that an agreement …

Ghanaians may now heave a sigh of relief as steps have been taken to provide them with a schedule on the recent blackouts. The decision was taken at a meeting between Power Distribution Services (PDS), Volta River Authority (VRA) and the Public Utilities and Regulatory Commission (PURC) on Thursday. Confirming …

A portion of the Atewa Forest Reserve in the Eastern Region has been cleared by a mining company to begin mining operations in the rainforest. About 11 trees have so far been uprooted by the unknown company and a small pit dug at the Kobreso side of the reserve. Local …

Importers and Exporters Association of Ghana (IEAG) has expressed skepticism about the reduction in benchmark value of import duties at all of the country’s ports. According to them, the announcement by the Vice President, Dr Mahamudu Bawumia at a Town Hall meeting, though laudable is vague.   Executive Secretary of …

Founding President of IMANI Africa, Mr Franklin Cudjoe and Vice President Kofi Bentil have spoken about the Economic Management Team townhall meeting held yesterday. Mr Cudjoe said judging from how the questions and answers at the Economic Management Team Townhall went, Ghanaians need “more assurances beyond high sounding economic jargons”. …

Vice President Dr. Mahamudu Bawumia has dismissed claims that the Bank of Ghana spent reserves to revive the Cedi when it depreciated against some foreign currencies especially the Dollar. According to him, “some persons have misunderstood the requirement by the International Monetary Fund(IMF) to build up its reserves by some …

The Social Security and National Insurance Trust (SSNIT), Tamale Area, has sent signals to all employers who fail to honour their obligation under the National Pensions Act, 2008 (Act 766), that the Trust will apply the law to ensure that workers get their due when they retire. The Tamale Area …

The Public Accounts Committee of Parliament (PAC) has summoned a former Chief Executive Officer (CEO) of the Ghana Trade Fair Company (GTFC) Limited, Dr Ebenezer Erasmus Okpoti Koney, to appear before the committee to explain the circumstances under which thieves allegedly broke into offices of the centre and stole payment …