BUSINESS NEWS

The National Communications Authority (NCA) has announced its decision to roll out some punitive actions against users who have not registered their SIM Cards.   This new move is expected to take effect from Monday, September 5, 2022. According to a statement signed by the Authority’s Director-General, outgoing calls and …

The Bulk Oil Storage and Transportation Company (BOST) has responded to the Auditor General’s Report as captured in its 2021 annual Report.   Management Response Generation Investment Co. Ltd VRS BOST Observation noted. This could have been avoided if BOST was financially sound at the time. Sometime in 2014, BOST …

The 27.15 per cent power tariff increment for the Electricity Company of Ghana (ECG), as approved by the Public Utilities Regulatory Commission (PURC), takes effect from today. With its implementation, however, customers, depending on the category and consumption, will be paying slightly more, with the calculations, the inclusion of the …

The National Petroleum Authority (NPA) has shut down the operations of the Shell Filling station at Adomi Bridge (Atimpoku) in the Eastern Region for selling water–laced petroleum product to unsuspecting customers.   Following a widely circulated video on social media and subsequent complaint made to the Authority on 29th August, …

Ghana’s President Nana Addo Dankwa Akufo-Addo has said that his administration is prepared to support any businessman or woman who has programmes for development and seeking partnerships with government. Mr Akufo-Addo said this in a twitter  post on Friday August 26. “Any serious businessman or businesswoman that has a programme …

The government has finally decided to automate the process of obtaining and issuing Tax Clearance Certificates (CCT) nationwide. Even though the Commissioner General has a system of Tax Clearance Certificates (TCC) under Sections 10 & 11 of the Revenue Administration Act to promote tax compliance, the process of obtaining the …

The Information Minister, Kojo Oppong Nkrumah   has said some dollars will be injected into the economy soon to halt the sharp depreciation of the Ghanaian Cedi. Kojo Oppong Nkrumah said about $2 billion will hit the government’s account shortly. For the breakdown, he said $750 million is expected from …

The Executive Secretary of the Importers and Exporters Association Of Ghana, Sampson Asaki Awingobit  has lambasted government officials for their poor handling of the economy. Sampson Asaki Awingobit insists they have performed abysmally in that regard. He thus questioned the academic credentials of the President and the Economic Management Team. …

Deputy Minister of Finance, John Ampontuah Kumah, says comments made by the Executive Director of the Economic and Organised Crimes Office (EOCO), Maame Tiwaa Addo-Danquah, concerning the viability of charges leveled against Menzgold and its CEO, Nana Appiah Mensah, do not reflect the position of state prosecutors on the case. …

The Ghana cedi has hit the ¢10 mark as it traded at ¢10.01 in the retail market yesterday August 18th, 2022. At the same time, the cedi went for ¢10 to a euro.   The cedi’s situation has become a major worry to businesses and household consumers, as its continuous …