Business

Minority worried over looming judgement debt in Eni-Ghana, Springfield unitisation impasse

August 1, 2022

The Minority in Parliament says it is gravely concerned that a protracted impasse between ENI/Vitol and Springfield Ghana will land the country in a 7 billion dollar judgment debt. The caucus says President Akufo-Addo must immediately intervene in the matter to avert the looming debt. ENI/Vitol challenged a decision of then Energy Minister, John Peter […]Continue Reading

Business

State institutions owing us have paid – ECG MD

July 28, 2022

The Managing Director of the Electricity Company of Ghana, Samuel Dubik Mahama has disclosed that all state institutions owing the company have settled their debts. Addressing the press at the back of an expired moratorium to consumers, the MD revealed that, Parliament of Ghana, Accra sports stadium, Ghana Airports Authority and other heavily indebted public […]Continue Reading

Business

SSNIT saves Ghana over GH¢320m after clearing ghost names on pension roll

July 28, 2022

The Social Security and National Insurance Trust (SSNIT) has revealed that its aggressive drive to rid its books of ghost pensioners has raked in over GH¢320 million in savings. SSNIT, as the foremost pensions fund in the country, has been grappling with the challenge of ghost names on its roll over the years. Speaking to Citi […]Continue Reading

Business

ECG slaps Lower Manya Krobo MP with notice of illegal connection

July 28, 2022

The Electricity Company of Ghana has served a notice of illegal electricity connection against the Member of Parliament for the Lower Manya Krobo Constituency, Mr. Ebenezer Okletey Terlabi. The alleged act of illegality was found after a combined team of ECG and military personnel went to the house of the lawmaker to verify claims that […]Continue Reading

Business

Ghana Exim Bank to invest $10m into yam export

July 27, 2022

The Ghana Exim Bank (GXIM) has said it will invest $10 million into the exports of yam. This comes after Ghana emerged as the highest exporter of yam within the sub region in 2021. To maintain this feat, Chief Executive Officer of the Ghana Exim Bank, Lawrence Agyinsam, explained that, his outfit will support the […]Continue Reading

Business

MiDA establishes Energy Services Centers to promote sustainable energy usage

July 27, 2022

The Millennium Development Authority (MiDA) in collaboration with the Energy Commission has established a Sustainable Energy Services Centers in three tertiary institutions in Ghana to train and certify professionals. The institutions, which are the Accra Technical University (ATU), the Kwame Nkrumah University of Science and Technology (KNUST) and the University of Energy Continue Reading

Business

Government slashes E-Levy target for 2022 to ¢611m

July 27, 2022

Government has reviewed its revenue target for the controversial Electronic Transaction Levy (E-Levy) to ¢611 million, from about ¢4.9 billion. Finance Minister, Ken Ofori-Atta disclosed this in the 2022 Mid-Year Budget on Monday July, 25, 2022. The new tax which many Ghanaians have opposed vehemently has only raked in ¢93.7 million, from the ¢1.46 billion target […]Continue Reading

Business

IEA lauds government over passage of exemption bill

July 26, 2022

Dr John Kwakye, the director of research at the Institute of Economic Affairs (IEA), has lauded the government for passing the tax exemption bill into law. “I am happy to hear that the tax exemption bill has now been passed. This is something that we have been pushing for,” he said on the Asaase Breakfast […]Continue Reading

Business

National museum sees 10, 000 visitors in one month

July 26, 2022

Kingsley Ofosu Ntiamoah, the acting executive director of the Ghana Museum and Monuments Board has said the national museum in Accra has seen about 10, 000 visitors since its refurbishment and opening in June this year. The museum which was opened in 1957 had to be closed to the public in 2015 due to a […]Continue Reading

Business

1D1F: 125 of 296 factories operational – Ofori-Atta

July 26, 2022

Out of 296 1D1F projects undertaken since 2017, 125 are currently operational across the country, Finance Minister Ken Ofori-Atta has told parliament in his mid-year review on Monday, 25 July 2022. “This, is by far, the biggest industrialisation programme our country has seen since colonial days”, he noted, adding: “Mr. Speaker, the President’s vision to […]Continue Reading