BUSINESS

President Nana Akufo-Addo has charged the Board of Directors of the newly-instituted Ghana Integrated Aluminium Development Corporation (GIADEC), to ensure that a vibrant aluminium industry is established in the country. Addressing the Board of Directors of the Ghana Integrated Aluminum Development Corporation at the Jubilee House after administering the Official …

Ghana is expected to become the fourth fastest growing-economy in Africa, according to the International Monetary Fund (IMF). Ghana is projected to achieve 7.6 per cent gross domestic product (GDP) growth rate in 2019. The projected growth rate is up from the rate of 6.3 per cent GDP in 2018, …

The new owners of the Electricity Company of Ghana, ECG, Power Distribution Services, PDS, has officially begun operations today, Friday, March 1, 2019. Government has on Wednesday handed over the operations of the state-owned facility to PDS. The Minister of Energy, Peter Amewu at the handing over ceremony said goverment …

Menzgold Ghana Limited has finally filed a defence in a case in which 53 soldiers sued it for failing to pay back their investment totaling GH¢2.5 million. The soldiers had filed for default judgement due to Menzgold’s failure to file a defence within the stipulated time. The Accra High Court …

Executive Director of anti-graft agency, the Economic and Organised Crime Office (EOCO), ACP K.K Amoah, has been removed from office. Myjoyonline.com sources in government say he has been replaced by DCOP Adusei Poku. ACP Amoah has since been ordered to hand over to DCOP on Thursday, February 28, the sources …

The Environmental Protection Agency (EPA) has revoked the environmental permit for China Fujian Fishing Limited Facility located at Asutsuare in the Greater Accra Region. The EPA, in a statement, said the move is in accordance with Regulation 26 of the Environmental Assessment Regulations 1999 (LI 1652). “Investigations conducted by the …

The consistent drop in prices in the petroleum subsector has influenced the overall decrease in the average change in the prices received by domestic producers for the production of their goods and services. The inflation rate for the petroleum subsector declined consistently to record 3.8 percent in January 2019, after …

The Commissioner-General of the Ghana Revenue Authority (GRA) has urged the public to be wary of investment plans, which promise more than three per cent monthly returns because they are abnormal. Emmanuel Kofi Nti said as a former Bank Examiner and with his background in the financial sector, there was …

Government is preparing to sign a social partnership agreement with members of the National Tripartite Committee (NTC) and key stakeholders in the labour sector to consolidate relations between the various social partners in the post International Monetary Fund (IMF) era expected to begin April 2019. The members include organized labour …

President Akufo-Addo has admitted that Ghana’s tax exemption policy is gradually becoming a menace to the country’s fiscal stability and revenue generation ambitions. Speaking on tax exemptions at the State of the Nation Address in Accra yesterday, the President indicated: “Revenue mobilization poses the biggest challenge in the management of …