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BUSINESS

Domestic Debt Exchange: Economist educates Ofori-Atta, Gabby on ‘implicit haircuts’

Minister of Finance Ken Ofori-Atta announced a Domestic Debt Exchange on December 4, 2022; with the view that details of the said programme will be presented today, December 5. One of three key points he put out in his four-minute address was the fact that there “There will be NO …

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LIVESTREAMED: Ken Ofori-Atta announces Ghana’s domestic debt exchange

Minister of Finance Ken Ofori-Atta has been announcing measures to be contained in Ghana’s Domestic Debt programme. Speaking at a press briefing today, December 4, 2022; he outlined different measures as relates to among others Treasury Bills, other domestic bonds etc. “Your T-bills are safe. Treasury bills are totally exempted …

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New Sunyani Airport terminal building planned for 2023 – Ofori-Atta

The old terminal building at the recently inaugurated Sunyani Airport is to be remodeled and expanded to accommodate the expected increase in passenger throughput. The facility was officially inaugurated on Wednesday, August 3, 2022, after a seven-year closure to allow for an extensive renovation of the domestic airport sited in …

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Ghana, Nigeria, others to unlock $26 billion on lower trade finance cost

Nigeria, Cote d’Ivoire, Ghana, and Senegal could earn up to $26 billion from lowering costs and increasing the availability of trade finance, a new report released by the International Finance Corporation (IFC) and the World Trade Organisation (WTO). The report, Trade Finance in West Africa examined the major barriers to …

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Nigerian billionaires, other owners of private jets sue government over $67.5million tax

Seventeen private jet owners, including Nigerian billionaires, leading commercial banks, and other ultra-high net worth individuals have sued the Nigerian government over import duties totaling more than N30 billion ($67.5 million). The legal action, which is part of efforts to prevent the government from grounding their planes, comes after the …

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GRA clears air on imposition of luxury vehicle levy

The Ghana Revenue Authority (GRA) has debunked a social media report suggesting the outfit has imposed levies on luxury vehicles. GRA has described the reports as completely false and has urged the public to disregard them. “The attention of the Ghana Revenue Authority (GRA) has been drawn to a purported letter …

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Nothing justifies going to Qatar amid budget debate – Bawumia’s aide jabs NPP MPs, ministers

Dr Kabiru Mahama, a technical advisor at the Office of the Vice President, has slammed ruling party Members of Parliament and some Ministers of State who flew to Qatar to cheer the Black Stars at the ongoing World Cup. He described their action as one that lacked discretion and which …

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Support fiscal measures proposed in 2023 budget – Akufo-Addo to Ghanaians

President Nana Addo Dankwa Akufo-Addo has urged Ghanaians in these hard times to support the fiscal measures proposed in the 2023 budget for approval by parliament. The 2023 budget as presented among others is to address debt and fiscal operations to eliminate the structural bottlenecks bedevilling the economy. Parliament is …

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GTP wins most preferred African Fabric Brand at Home Africa Builders Awards

Ghana’s foremost textiles manufacturing company, Ghana Textiles Printing Company Limited, popularly known as GTP has been celebrated for being the most preferred African fabric brand. The company which was established in 1966 designs, prints and markets GTP and Woodin brands in Ghana and across the sub-region. The Home Builders Africa …

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Black Stars players whose careers might skyrocket after Qatar 2022

Following their opening day loss to Cristiano Ronaldo’s Portugal, the Blacks Stars needed a victory against South Korea to keep Ghanaians dreams of qualifying to the Round of 16 alive. This was made possible by a goal from Mohammed Salisu and a brace by Mohammed Kudus to give the Ghana’s Black Stars a 3-2 …

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