BUSINESS NEWS

The Attorney General has filed a total of 39 charges against Nana Appiah Mensah (NAM1) and two others. The two others are Menzgold Company Limited and Brew Marketing Consult Limited. The case numbered CR/0411/2023, was filed on 30 August 2023 with the charge sheet signed by the director of public …

The protest organized by the Ghana Hotels Association to address the issue of high utility tariffs has been temporarily put on hold due to the police’s denial of protection for the demonstrators. Originally, the Ghana Hotels Association had planned to stage a march through the streets of Accra as a …

The Public Utilities Regulatory Commission (PURC) has announced an increase in electricity and water tariffs by 4.22 % and 1.18% respectively, effective September 1, 2023. This comes on the back of a conclusion of regulatory process for the quarterly adjustment of tariff by the PURC. The quarterly tariff review mechanism …

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 …