BUSINESS NEWS

The Parliamentary Select Committee on Mines and Energy says its investigation into the deal between the Ghana National Petroleum Corporation (GNPC) and Genser Energy Ghana Limited (GEGL) has revealed no irregularities. This follows claims by Civil Society Groups, IMANI Africa and Africa Center for Energy Policy (ACEP), that Ghana buys …

Good Morning Ladies and Gentlemen of the Media. Welcome to this special press briefing, which has been necessitated by recent developments following the publication of the 2022 Annual Report and Financial Statements of the Bank of Ghana on 28th July 2023. Given the unique circumstances under which the 2022 report …

If I had my own way, I will demolish the new US$250 million Bank of Ghana head office building project which is under construction at Ridge in Accra, the Omanhene of the Dormaa Traditional Area, Osagyefo Oseadeeyo Agyemang Badu II has said. He was speaking at the 2023 first general …

The Deputy Minister for Lands and Natural Resources responsible for Mining on Friday, 18th August 2023 embarked on a working visit at Akroma Gold Mining Company in the Kwahu West Municipality of the Eastern Region. The visit by the Deputy Minister was among other things aimed at familiarizing himself with …

former president of the Chartered Institue of Taxation Ghana, Mike Kofi Afflu, has petitioned the Public Account Committee (PAC) of Parliament to investigate the transfer of some GHC52.5 billion from GCB Bank Limited formally known as Ghana Commercial Bank PLC to an unknown account. According to Afflu, effort by the …

The recent unannounced visit of the Minister of Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey, to the Passport Office in Accra has resurrected discussions on what it should cost citizens to get their passports. Fuming at the fact that there were people within the office who had made it …

The Chief Executive Officer of the National Youth Authority (NYA), Pius Enam Hadzide, has berated the opposition National Democratic Congress (NDC) for protesting the recently imposed 10% betting tax. He said the NDC’s conduct means they support activities that will affect the value systems of the country. The former Deputy …

Kennedy Agyapong, a flagbearer aspirant of the New Patriotic Party (NPP) in Ghana, has expressed his support for the 10% withholding tax imposed by the Ghana Revenue Authority (GRA) on all gross gaming winnings, including bets and lottery wins. The tax went into effect on August 15, 2023. Agyapong, a …

Concerned former employees of defunct GN Savings and Loans have appealed to President Akufo-Addo to issue an executive order for the Governor of the Bank of Ghana, Dr. Ernest Addison, to reinstate the company. The regulator revoked the license of GN Savings and Loans Company four years ago, stating that …

The Youth Wing of the opposition National Democratic Congress (NDC) has asked the government to immediately abolish the recently imposed 10% withholding tax on all gross gaming winnings. According to them, the “insensitive policy” will worsen the plight of the already impoverished youths. In a press statement issued by the …