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BUSINESS NEWS

FDA Clears Marwako To Re-open East Legon Branch

The Food and Drugs Authority (FDA) has given clearance to Marwako Fast Foods to reopen its East Legon branch. The authority in a letter to the restaurant said it is satisfied with the progress it has made in implementing the various corrective prevention actions required following the closure of the …

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Bank of Ghana To Appeal Court Ruling Reversing Revocation Of UniCredit’s License

The Bank of Ghana (BoG) has indicated that it will appeal a Court of Appeal ruling directing the central bank to reverse the revocation of the license of Savings and Loans Company UniCredit in 2019 . The Bank of Ghana said it has instructed its lawyers to appeal the decision …

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New E-levy Charges Out

The Ghana Revenue Authority (GRA) has announced new E-Levy charges after the full implementation of the tax on a common platform. Prior to the full implementation, customers were allowed to enjoy some exemptions per wallet, per account making it possible for customer with two different accounts to enjoy some exemption …

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GLAHCO: Golden Tulip Hotels Not Sold; Leased For 12 Years

The management of Golden Tulip Hotels, the Ghana Libyan-Arab Holding Company (GLAHCO) says the hotels have not been sold as reported in the media. It said the hotels have instead been leased to Achour Holdings, operators of Grand Lancaster chain of hotels, for 12 years. In a statement, the management …

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Fuel Prices To Go Up As NPA Announces Restoration Of UPPF Margin

The National Petroleum Authority (NPA) has announced that it is restoring the full Unified Petroleum Price Fund (UPPF) margin on petroleum products. It made the announcement to players in the industry on Thursday June 30, 2022, indicating that the decision takes effect from Friday, July 1, 2022.     “We …

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Former Tollbooth Workers Petition President Akufo-Addo; Demand Reintroduction Of Toll Collection

Toll collectors who lost their jobs due to the government’s decision to stop collecting road tolls across the country are asking the government to reintroduce the tolls. They say reversing the decision will help them regain their jobs.   The collectors, under the Ghana Toll Workers Union, made this known …

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Government Still Needs E-levy Despite IMF – Prof. Quartey

Director of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Professor Peter Quartey, has asked the government to consider reviewing the e-levy rate downgrades as a way of making it easier for more people to pay.   He said this when asked whether the …

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President Akufo-Addo Directs Finance Minister To Engage IMF For Economic Support

President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for economic support, MyGhanaMedia.com can authoritatively confirm. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicated that there had already been a conversation between the …

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