BUSINESS NEWS

Nana Appiah Mensah, the former Chief Executive Officer of the now-defunct Menzgold, has declared his intention to revisit the police in order to reclaim the money he had entrusted to them. His surprise stemmed from the revelation that the GH¢5 million, designated for distribution to verified customers, had been placed …

Importing food products into Ghana comes with a hefty price tag, as importers face a multitude of taxes and levies that contribute to the overall cost of these essential goods. The list of charges is extensive, and when coupled with quarterly increases in utilities and substantial fees and charges by …

Ghana – once touted as a trailblazing African economic success story – is facing an unprecedented financial crisis. This week, hundreds of protestors took to the streets in the capital Accra, calling on the governor of the Bank of Ghana and his two deputies to resign over the loss of …

The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement on economic policies and reforms to conclude the first review of the country’s three-year programme under the Extended Credit Facility. This agreement is subject to approval by the IMF’s Executive Board and receipt of necessary financing assurances. The …

Minority Leader of the opposition National Democratic Congress (NDC), Dr Casiel Ato Forson says protesters demanding the resignation of Bank of Ghana (BoG) Governor, Dr Ernest Yedu Addison will not stop until they meet and present their petition to him. “Governor Addison has decided to disrespect us with the excuse …

Workers of the state-owned National Investment Bank (NIB) Limited, have in an open letter appealed to the government not to liquidate the bank, saying “the current board, management team and the entire staff can turn around the bank and bring it back to previous glorious days”. They want the “Government …

The leadership of the Abossey Okai Spare Part Dealers Association has issued a two-week ultimatum to the government to reconsider its approach towards the VAT compliance policy by the Ghana Revenue Authority (GRA). The association’s ultimatum comes after the GRA released a statement on its compliance and invigilation exercise. In …

The Head of Cooperation at the European Union Delegation of Ghana, Massimo Mina, has noted that with the right tools and support, the youth can be cushioned to bring new perspectives to address old challenges. According to him, challenges such as climate change, unsustainable exploitation of natural resources, and conflict …

Ghana could be hit with fuel shortages soon following a threat by the Tanker Owners Union to halt the transportation of fuel across the country over claims some foreign nationals have taken over their business. Under the local content law and the deregulation of the petroleum sector, the haulage of …

The Minority caucus in Parliament has hit back at Finance Minister Ken Ofori-Atta for accusing the previous National Democratic Congress (NDC) administration of leaving behind a derailed International Monetary Fund (IMF) programme. In an article, Ofori-Atta said the New Patriotic Party (NPP) government in 2017 inherited a ‘derailed IMF programme …