BUSINESS NEWS

The Office of the Special Prosecutor (OSP) has disrupted a syndicate involved in the production of substantial amount of counterfeited foreign currency. Seizures were made in two warehouses located in Accra and Tema, where a substantial amount of counterfeited forty million dollars ($40,000,000.00) was discovered concealed in steel trunks. The …

The Ministry of Foreign Affairs and Regional Integration has tabled a proposal before parliament to review the current charges for passport application from GH¢100 to GH¢644. The ministry’s proposal which represents 544% hike is presently before the Committee on Subsidiary Legislation of Parliament, for consideration. The proposal, which is currently …

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison yesterday launched the GCB Bank Mo­bile App with a call on banks to invest and improve on their cyber security infrastructure to enhance resilience against cyber-attacks. He said the advent of digital technologies was the presence of cyber and …

Did you know that many countries used to rely on Ghana to produce and supply them with boats? Yes, you heard that right and there are facts to back that. Recent newspaper clippings shared from state-owned Daily Graphic newspaper has detailed how Ghana’s industrialization agenda had long kicked off vibrantly …

The International Monetary Fund (IMF) has made it clear to the Government of Ghana that it cannot impose or intensify import restrictions for balance of payments purposes. This is an agreement contained in the IMF bailout package which has pledged to support Ghana’s balance of payment with some $3 billion …

The National Communications Authority (NCA) says the sale and operation of Starlink in Ghana is illegal. Starlink is a satellite-based internet service provider that provides connectivity to underserved areas, as well as competitively priced service in more urbanised areas. According to the Authority, Starlink has neither been licensed in Ghana …

Independent power producer, Sunon Asogli Power (Ghana) Limited, has said it has suspended for one more week the decision to shut down its plant. The company on Monday evening announced an indefinite shut down of its 560 Megawatts power plant due to the outstanding debt owed it by the Electricity …

Petrol and diesel vehicle owners may be required to pay a new annual tax of GH₵100 per vehicle. The government is introducing this new tax bill in Parliament with the aim of promoting the use of eco-friendly sources of energy to power vehicles. The initiative is part of the government’s …

Agbogbomefia of the Asogli state, Togbe Afede XIV, has slammed the Nana Addo Dankwa Akufo-Addo government over the current state of Ghana’s economy. In his new book, ‘Our Self-Inflicted Monumental Economic Crisis’, Togbe Afede said that the economic challenges the country is facing now are largely due to the poor …

The Offinso South Municipality has celebrated the 39th National Farmer’s Day with a colorful ceremony at the Municipality Capital, Offinso Agyeipra. The celebration was held to recognize and reward the hard work and contributions of farmers in the municipality to the growth and development of the agriculture sector in the …