BUSINESS NEWS

The Public Interest and Accountability Committee (PIAC) has withdrawn from a partnership with the Economic and Organised Crime Office (EOCO) aimed at fighting corruption related to disbursement of petroleum revenue. The decision was taken after a review of the deal by the new board of PIAC. PIAC is the statutory body with oversight responsibility …

There are currently about 34 African countries on the World Bank and IMF’s heavily indebted countries’ list, according to data obtained by Business Insider Africa. Among these heavily indebted poor countries are: Ghana, Tanzania, Ethiopia, Benin, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros Islands, Democratic Republic of Congo, …

A website offering 500 Ghana cedis to encourage people to participate in a survey allegedly connected to the 64th Anniversary of the Bank of Ghana is a SCAM. A link displaying the logo of Ghana’s Central Bank is being circulated on messaging app, WhatsApp, with a call to action for …

Profitability performance of the banking sector remained robust in August 2021 as the 21 banks operating in Ghana registered growth rate of 27.4%, higher than the 19.2% recorded a year ago. According to the September 2021 Banking Sector Development Report, the banks registered ¢3.17 billion in August 2021, compared with …

The Deputy Lands Minister in charge of Mining has reiterated government’s commitment to eradicate illegal mining, popularly known as galamsey. George Mireku Duker interacting with the media on Monday, stated that excavators of miners who are still operating in areas marked as ‘red zones’ will be burnt. He insisted that …

The Chamber of Petroleum Consumers Ghana (COPEC) has said the persistent hikes of petroleum prices at the local pumps is due to the unresponsive nature of the government. According to Duncan Amoah, the executive secretary of COPEC, the Energy and Finance Ministers have remained adamant even when oil prices on …

The Registrar General, Jemima Oware has said that as of January 2022, only the National Identification Authority card will be accepted for the registration of businesses in the country. According to her, all other requirements such as the Tax Identification Number (TIN) from Ghana Revenue Authority will no longer be …

The Ghana Private Road Transport Union (GPRTU) has thrown its weight behind the proposal by the Association of Road Contractors to increase road tolls in the country. The Association of Road Contractors proposed an upward adjustment in road tolls to a minimum of GH¢2 for saloon cars as a bold …

The governments of Ghana and India have partnered to establish a gold refinery in the natural resource rich West African country. The aim of the refinery is to refine gold in the country and also to create jobs for the youth.   Deputy Minister of Lands and Natural Resources, Mr. …

The CEO for Tree Crop Development Authority, Mr Williams Quaitoo has stated that, minimum fix price for cashew production in 2021-2022 cashew season will be announced by the agriculture ministry in December this Year.   He said, all important factors to be considered in arriving of cashew Price have been …