BUSINESS

In a shocking development, the Ghana Cocoa Board (COCOBOD) finds itself in a dire financial situation as its agro products, essential for the upcoming cocoa season, are being auctioned due to a failure to pay a staggering GH¢3.9 billion in duty to the Ghana Revenue Authority (GRA). This development, could …

In January 2024, the government introduced two new taxes, adding to the fiscal landscape of the country. These tax measures were announced as part of efforts to shore up revenue and support various developmental projects and initiatives. The first tax introduced was the controversial 15% Value Added Tax (VAT) on …

Angel FM’s Kofi Jerry has disclosed the background story to the viral video of Black Stars defender, Mohammed Salisu angrily gesturing to a Ghanaian journalist in the aftermath of Ghana’s 2-2 draw with Mozambique. A video in circulation on social media captures the AS Monaco defender making some gestures towards …

Heirs Energies MD/CEO, Osa Igiehon (left) and Chairman of Heirs Energies Limited, Tony O. Elumelu   Significant Milestones in Production Growth, Transformational Community Engagement, and a Sound Safety Record   Heirs Energies, Africa’s foremost indigenous-owned integrated energy company, commemorated its three-year anniversary.   In a short timescale, Heirs Energy has …

Anthony Pile   The UK- Ghana Chamber of Commerce (UKGCC), a member-based trade association that promotes trade between the UK and Ghana, has released the 5th edition of its annual Ghana Business Environment and Competitive Survey Report for the year 2023.   Over 690 businesses, including UKGCC member and non-member …

Traders at the Keta market in the Volta region have lamented the excessive cost of egg prices due to the lack of poultry farms in the area. This, they said, was affecting their businesses due to the inadequate availability of eggs in the area, compelling them to buy from other …

The Oil Palm Development Association of Ghana (OPDAG) has said incidents of oil palm products-smuggling into the country is intensifying despite several complaints made to designated authorities. President-OPDAG, Samuel Avaala, told B&FT that smugglers have been using unapproved routes while others take advantage of the ECOWAS Trade Liberalisation Scheme to …

The International Monetary Fund (IMF) has granted its approval for Ghana to receive an additional $600 million in the second tranche of a $3 billion, 36-month Extended Credit Facility (ECF) Arrangement. The announcement, made in a statement on Friday, January 19, 2024, signifies the successful completion of the First review, …

      The Central Regional House of Chiefs has declared its overwhelming endorsement and support for the Ewoyaa Lithium Project, describing it as a major milestone in the harnessing of Ghana’s mineral resources and an opportunity for unprecedented development in the region.   The resounding approval of the revered …

The Brakwa-Breman Rural Bank PLC, located in Brakwa in the Asikuma-Odoben-Brakwa District of the Central Region, has indicated its readiness to intensify adoption and integration of modern technologies, in a bid to deliver innovative financial services to customers. According to the Board Chairman of the bank, Alexander Koomson, Brakwa-Breman Rural …