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Business

Menzgold suspends new online trading; asks staff to proceed on leave

Menzgold Company Limited, has suspended its new online global gold trading following advice it has received over the new business line. A circular issued to all staff of the company  and signed  by the Chief Executive Officer(CEO) of the Company, ...

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16 Local Companies given GHC273m govt support – Akufo Addo

President Akufo Addo, has taken a swipe at his opponents who claim nothing is happening under his administration by drawing their attention to the assistance offered to sixteen (16) local companies to the tune of 273 million cedis to inject ...

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Akufo-Addo inspects 1-District-1-Factory project in Asuogyaman

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has visited the Kete Krachi Timber Recovery Limited, a company operating under Government’s 1-District-1-Factory initiative. The company, located in Asuogyaman, in the Eastern Region, runs a timber salvage operation on the ...

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MTN, Vodafone, others fined GH¢34m for poor services

The National Communications Authority (NCA) has sanctioned all four Mobile Network Operators (MNOs) for poor services to consumers. The four network operators sanctioned for their non-compliance with various Quality of Service (QoS) requirements are AirtelTigo, Glo, MTN and Vodafone. A ...

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Amidu will hunt tax defaulters in 2019 – Ken Ofori-Atta reveals

The Minister of Finance, Ken Ofori-Atta, has revealed that tax defaulters in the country will no longer have a field day or a place to hide anymore beginning next year as the Special Prosecutor, Martin A. B. K. Amidu has ...

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Gov’t to inject GH¢200m into MASLOC

Government will in 2019 allocate GH¢200 million to the MICROFINANCE & SMALL LOANS CENTRE (MASLOC) to enable the Centre extend cheaper and small credit to small businesses in districts nationwide. The Finance Minister, Ken Ofori Atta who disclosed this in Parliament while presenting ...

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2019 Budget: National airline to commence operations next year

Cabinet has given approval for a the establishment of a Home based Airline with private sector participation, Finance Minister Ken Ofori Atta has told parliament. The move is to provide regional and inter-continental services for efficient movement of people, goods and services ...

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Gov’t imposes 30% tax on income earners above GHC20,000

As part of measures to raise more revenue to meet its revenue target for the 2019 fiscal year, government has reviewed upwards the high net worth income tax imposing 30% tax on income earners above GHC20,000. Government in the mid-year ...

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Collapse of Seven Banks cost gov’t GH¢9.9bn – Ofori Atta

The Finance Minister, Ken Ofori Atta, has disclosed that the collapse of seven banks – unibank, Beige Bank, Sovereign Bank, Construction Bank, Royal Bank, Capital Bank, UT Bank – has cost the state an amount of GH¢9.9 billion. He said ...

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2019 budget: Gov’t has paid 92% of DKM claims – Ofori Atta

Minister of Finance, Ken Ofori Atta has announced that Government has initiated measures to repay deposits of all customers of defunct DKM microfinance. The Minister who made the disclosure in Parliament during the presentation of the 2019 Budget on Thursday ...

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