BUSINESS NEWS

Vice President Dr Mahamudu Bawumia has commissioned the Royal Ghana Gold Refinery, a state-of-the-art facility with the capacity to refine 400kg of gold daily. The Accra-based refinery produces 24-carat gold with a 99.99% purity rate, marking a significant milestone in Ghana’s journey to add value to its mineral resources. The …

The Bank of Ghana has imposed sanctions on 47 individuals and 245 business entities for issuing dud cheques. A statement from the BoG on August 6, 2024, said the individuals and the entities breached a notice which was published in March 2021. “The affected bank customers issued dud cheques on …

The Electricity Company of Ghana (ECG), has cautioned customers and the general public against the illegal sale, distribution, and purchase of fake meters in the Ashanti Region by some individuals. The power distributor expressed concerns about the distribution of fake meters in their operational areas, warning to clamp down on …

Mr. Joseph Archibald, a notable politician and entrepreneur, has recently called on the government to reduce port taxes, a move he believes is crucial for stimulating the growth of small businesses and strengthening the local economy. Archibald emphasized that lowering port taxes would enable more businesses to thrive by easing …

Fifteen Senior High Schools (SHS) drawn from across the country are set to compete for the biggest prize in the 2024 National Business Pitch Competition (NBPC) The NBPC is the culmination of JA Ghana’s Company Program, an entrepreneurship program that empowers high school students to launch and manage their own …

The Institute for Energy Security (IES has predicted a downward trend in fuel prices for the first half of August 2024, driven by favourable international market conditions. According to the IES, this anticipated price drop is attributed to positive market dynamics globally. The institute predicts a 2-4% decrease in prices …

The Bank of Ghana (BoG) has announced that effective August 1, 2024, all licensed Foreign Exchange Bureaux will be required to demand the Ghana Card before transacting business with any person. This was after it launched a centralised foreign exchange trading platform in line with its objective to ensure the …

Three Minority Members of Parliament have sued the Ghana Revenue Authority, (GRA) and the Finance Ministry over plans to grant tax waivers to 42 companies under the 1 District 1 Factory Initiative. The MPs want the Supreme Court to suspend the tax waivers since it does not augur well for …

The Social Security and National Insurance Trust (SSNIT) has responded to allegations by former Chief Justice (CJ), Sophia Abena Boafoaa Akuffo, that management of the Trust is engaging in the distribution of SSNIT’s assets to themselves. SSNIT says the allegations are false and misleading, following the former CJ’s claims that …

The bus driving training for Kayayei began on Thursday, July 25, as part of Vice President Dr. Mahamudu Bawumia’s Kayayei Empowerment Programme.     The training will take place at Ayalolo’s training centres.     Earlier this year, the New Patriotic Party (NPP), Dr Bawumia, announced plans to provide driving …