Business

Scrap Obnoxious E-Levy – Dr. Apaak, Arise Ghana Tell Gov’t

June 30, 2022

Pressure is piling on government to withdraw the controversial Electronic Transfer Levy (E-levy) imposed on Ghanaians, following recent revelation that the state is raking in only 10% of estimated revenue barely two months after implementation. Many Ghanaians, including the opposition parties have been against it since the introduction, insisting the levy will not favour Continue Reading

Business

I.C. Quaye In Fresh Trouble …As Muslim Group Heads to Court

June 30, 2022

The woes of the Board Chairman of the Pilgrims Affairs of Ghana, Sheikh Ibrahim Cudjoe Quaye, is far from over, as a coalition of Muslim youth prepares to drag him to court, for changing signatories to Ghana’s Hajj bank Accounts held in Riyadh, Saudi Arabia, without approval by the appointing authorities. The group, Patriotic Muslim […]Continue Reading

Business

New gold refinery to take off in August 2022

June 29, 2022

A technical committee comprising the Ministry of Lands and Natural Resources, Minerals Commission and the Chamber of Mines have inspected Ghana’s newest gold refinery called the Royal Ghana Gold. Speaking to Joy Business, Deputy Lands and Natural Resources Minister, George Mireku Duker, said when the refinery – which has a capacity of refining 300 kilogrammes of […]Continue Reading

Business

Prices of petrol, LPG to fall 8%, 7%, but diesel to go up

June 29, 2022

Prices of petroleum products are expected to witness some mixed reviews at the pump stations from this weekend (2nd July, 2022). This is based on data from then Bulk Oil Distribution Companies sighted by Joy Business. The price of petrol is expected to go down by almost 8% per liter. A kilogram of Liquefied Petroleum […]Continue Reading

Business

Komenda Sugar Factory currently undergoing major repair works; it’s 98% complete – Trade Minister

June 29, 2022

Trade and Industry Minister Alan Kyeremanteng has intimated to Parliament that the Komenda Sugar Factory is currently undergoing major repair works with the projection to undertake a production test run by the end of July 2022. Responding to a question about the current state of the factory in Parliament on Tuesday June 28, he explained […]Continue Reading

Business

85% revenue has been lost due to E-Levy – African Network of Entrepreneurs CEO

June 28, 2022

The founder and CEO of the African Network of Entrepreneurs, Ekow Mensah, has stated that since the introduction of taxes on electronic money transfers in Ghana, approximately 85 percent of revenue has been lost. In an interview on Prime Morning with Roselyn Felli on JoyPrime, the Business Development Consultant stated that before the implementation of the […]Continue Reading

Business

Former NDA CEO accuses successor of doctoring figures, forging his signature in ¢10m fraud case

June 28, 2022

The former CEO of the Northern Development Authority (NDA) has petitioned the Chief of Staff, Akosua Frema Osei-Opare, over a fraud issue involving him. Dr Sulemana Anamzoya, in the petition, accused his successor, Sumaila Abdul Rahman, of fraudulently falsifying figures and forging his signature to cash in a ¢10,400,000 contract. The two-page petition, which was […]Continue Reading

Business

Bank of Ghana elected as Vice Chair of AfPI

June 28, 2022

The Bank of Ghana (BoG) has been elected as the African Financial Inclusion Policy Initiative (AfPI) Vice Chair. After two years, Ghana will take over the position of AfPI Chair. AfPI Leaders’ Roundtable will be held in the Seychelles in 2023. Expressing appreciation and honor given to him and cooperation he enjoyed with AFI Management Unit […]Continue Reading

Business

Economist makes strong case against any move by Ghana to return to IMF

June 28, 2022

An Economist, Dr David Yaw Mordy, has said Ghana should not entertain the idea of returning to the International Monetary Fund (IMF) for support. He said the IMF usually gives conditionalities that are not favorable to the ordinary Ghanaian hence, the managers of the economy should not be thinking of going to them for assistance. Dr Mordy […]Continue Reading

Business

Pay Gold Coast/Blackshield customers now – PPP tells govt

June 28, 2022

The Progressive People’s Party (PPP) is asking the government and the Securities and Exchange Commission (SEC) to pay all affected customers of the BlackShield/Gold Coast Fund Management Company with immediate effect. It could be recalled that in November 2019, government through SEC revoked the license of GCFM. Before the revocation, GCFM presented a proposal to Continue Reading