BUSINESS

The National Communications Authority (NCA) says it has granted conditional approval for the transfer of 70 percent of government’s shares in Ghana Telecommunications Company Limited held by Vodafone Ghana to Telecel Group. The development comes after government had earlier received and later rejected an application by Vodafone Ghana to transfer …

The Public Utilities Regulatory Commission (PURC) has reportedly increased the tariffs for utility services. According to GTV, the PURC has agreed on increasing electricity and water tariffs by 29.96 percent and 8.3 percent, respectively. “Public Utilities Regulatory Commission (PURC) increases electricity tariffs by 29.96% and water tariffs by 8.3%. “All …

The country in recent times has landed itself in an economic downturn. Presently, the country’s inflation stands at 54.1 percent, the cedi is currently struggling against the major foreign currencies after a free fall in December last year. Generally, there is a high cost of living. The government is currently seeking …

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The Office of the Registrar of Companies (ORC) has announced an increament in the fees and charges on all transactions, including the incorporation and registration of businesses, amendments, and the filing of annual returns. In a press release, the ORC said that the increase is in line with the Fees …

Ghana Revenue Authority (GRA) is demanding an amount of US$773 million from MTN Ghana, the local subsidiary of the MTN Group, the South African mobile telecom giant. According to documents sighted by GhanaWeb, the amount is in lieu of back taxes over a five-year period spanning 2014 to 2018. It …

The Social Security and National Insurance Trust (SSNIT) has announced an increment in the maximum insurable earnings for 2023 from ¢35,000 to ¢42,000. The increment, according to SSNIT, comes on the back of careful consultation with the National Pensions Regulatory Authority in accordance with Section 63 (3) of the National Pensions Act …

The Chamber of Petroleum Consumers (COPEC) has stated that oil marketing companies have overpriced fuel for the first pricing window of January 2023. Detailing its projections and predictions for the first window, COPEC stated that fuel petrol should be sold at GH¢10.59 and diesel at GH¢12.84. COPEC, therefore, calls for …

  Somachi Chris-Asoluka The Board of Trustees of the Tony Elumelu Foundation, the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the appointment of Somachi Chris-Asoluka as Chief Executive Officer, following the retirement of current CEO, Ifeyinwa Ugochukwu. The appointment takes effect from March 01, …

The government of Ghana will in the year 2023 intensify the collection of property rates as a way of expanding its tax revenue for development, Majority Leader in Parliament has hinted According to Hon Osei Kyei-Mensah-Bonsu who is also the Minister for Parliamentary Affairs, the move by government is to …