Business

Gov’t Rakes In GH₵2.76bn

March 21, 2023

Government has received a whopping GHS2.76billion as payment for taxes, royalty and carried interest for the full-year 2022. The amount, according to the mining firm, includes corporate tax in the sum of GH₵1.530.9 million, mineral royalty amounting to GH₵548.3million,as well as carried interest,which is GH₵222.1million. The rest are withholding tax GH₵164.5million, PAYE Continue Reading

Business

CPA threatens to injunct PURC from future utility tariff hikes

March 9, 2023

Consumer Protection Agency (CPA) has censured the Public Utility Regulation Commission (PURC) for reneging on its supervisory role on the utility service providers in the country. It has opined that PURC has failed woefully in protecting the common interest of consumers as enshrined in Act 538 of the 1992 Constitution. CPA has frowned on the poor […]Continue Reading

Business

Office of Registrar of Companies worried of several unclaimed dividends

March 7, 2023

The Office of the Registrar of Companies has expressed worry about the several unclaimed dividends by shareholders. It is therefore making moves to ensure companies with unclaimed dividends transfer the funds to the office. This is to discourage the firms from borrowing the unclaimed dividends. The Registrar of Companies, Jemima Oware, speaking at a programme […]Continue Reading

Business

AGM relinquish South Deep Water Tano block

March 7, 2023

AGM Petroleum Ghana Limited (AGM) and its owners have decided to relinquish the South Deep Water Tano (SDWT) block after carefully considering all options, the company has said in a statement. AGM noted that it has carried out substantial activity in Ghana and contributed through drilling two ultra-deepwater wells including the Nyankom discovery, and matured […]Continue Reading

Business

Ghana could face strict debt cancellation conditions following G-20 composition of Creditor Committee – Finance Lecturer

March 1, 2023

A Senior Finance Lecturer at the University of Cape Coast, Seyram Kawor, has said that Ghana should be prepared to meet some strict debt cancellation conditions, following the Group of 20 Large Economies planned creditor committee on the debt cancellation request. His comment comes on the back of the G20 countries agreeing to establish a […]Continue Reading

Business

Fuel prices drop again; petrol, diesel down by about 5%

February 16, 2023

Some Oil Marketing Companies (OMC) have started reducing prices of petroleum products at the pumps from today, February 16, 2023. This is the second time fuel prices have been reduced this year. GOIL has reduced its prices. A litre of petrol is going for ¢14.50. This represents almost 5 percent reduction from the previous price. […]Continue Reading

Business

Bond market: Market turnover rises 93.5% to ¢1.33bn

February 14, 2023

Market activity on the bond market rebounded sharply, as total volumes of Government  bonds increased by 93.5% week-on-week to ¢1.33 billion as the government concluded the Domestic Debt Exchange Programme. According to trading results, total turnover of Government of Ghana bonds rose 93.5% to ¢1.33 billion. The October 2024, June 2025, November 2026 and June […]Continue Reading

Business

Sit Up Or Get Fired

February 13, 2023

President Nana Akufo-Addo has issued a stern warning to appointees of his government that offering excuses over non performance will no longer be tolerated under his watch, given the current economic situation of the country. According to him, appointees, especially chief executive officers and board chairs of state-owned enterprises (SOEs), must sit up and execute […]Continue Reading

Business

Exempt vehicle insurance funds from Domestic Debt Exchange Programme – Government told

February 2, 2023

Government has been told to exempt vehicle insurance funds from the Domestic Debt Exchange Programme (DDEP) despite reaching an agreement with insurance firms on the DDEP. According to Young Africans for Opportunities, exempting vehicle insurance would not significantly impact the government’s DDEP because the government needs to first demonstrate its commitment to Continue Reading

Business

Agric Minister Appeals To Thailand Investors To Invest In Ghana’s Rice Sector

January 2, 2023

As part of efforts to make Ghana an exporter of rice, the Minister of Food and Agriculture, Dr. Owusu Afriyie Akoto, has appealed to investors in Thailand to come and invest in Ghana’s rice sector. He said Ghana has huge potential for rice production which is evident in its favourable climatic conditions, availability of arable […]Continue Reading