Business Archives - Page 10 of 41

July 30, 2024July 30, 2024

GACL, ECG, Eight Other State Institutions Owe GRA Over GH¢1bn In Taxes

Ten state institutions including the Ghana Airports Company Limited (GACL) and the Electricity Company of Ghana (ECG) owe the Ghana Revenue Authority (GRA) over GH¢1 billion in taxes. This was revealed during an engagement at the public accounts committee sitting on

July 30, 2024July 30, 2024

Oppong Nkrumah Says Government Is Committed To Improving Ghana’s Housing Sector

Kojo Oppong Nkrumah, Minister of Works and Housing, outlined his strategic vision and leadership approach in an exclusive “Sunday Night,” interview. The discussion provided insights into his priorities and challenges as he works to address the country’s housing and infrastructure needs.

July 29, 2024July 29, 2024

Central Bank Maintains Policy Rate At 29% For Third Consecutive Time

In a notable display of stability and strategic economic foresight, the Bank of Ghana (BoG) has opted to retain the policy rate at 29%, as reiterated by the Monetary Policy Committee (MPC) under the astute leadership of Governor Dr. Ernest Addison.

July 27, 2024July 27, 2024

We Didn’t Incur Losses Because Of New Head Office Project – BoG

The Bank of Ghana (BoG) has defended its decision to continue building a new head office despite posting a significant loss of 10.50 billion cedis in 2023. The Central Bank despite the losses paid $82 million to contractors for the project

July 27, 2024July 27, 2024

MTN Ghana’s Network Upgrade Nears Completion

MTN Ghana has announced significant progress in its nationwide network upgrade, with 80% of the project already completed. The Chief Technical Officer (CTO) of MTN Ghana, Thomas Motlepa said the telecommunications giant is on track to finalize the overhaul by the

July 26, 2024July 26, 2024

MTN Ghana Makes Significant Social Impact, Reaching 4.5 Million Lives

MTN Ghana has announced a substantial social impact, touching the lives of 4.5 million people through its various community development initiatives. The telecommunications giant invested a remarkable GHs 106.5 million in social projects across the country, demonstrating its commitment to corporate

July 24, 2024July 24, 2024

Mid-Year Budget Uninspiring, Hopeless – Ato Forson

Minority Leader Dr Cassiel Ato Forson has criticised the 2024 mid-year budget, describing it as uninspiring and hopeless. On Tuesday, July 23, Finance Minister Mohammed Amin Adam presented the 2024 mid-year budget review to Parliament. During his address, Dr. Amin Adam

July 23, 2024July 23, 2024

Mid-Year Budget: I Empathise With Ghanaians Over Challenging Economy – Amin Adam

Dr. Mohammed Amin Adam, the Finance Minister, has sympathised with Ghanaians amid the current economic challenges. According to him, the last two years have been extremely challenging globally, affecting businesses and families, particularly the vulnerable in society. Presenting the Mid-Year Fiscal

July 23, 2024July 23, 2024

Ghana’s Public Debt Hits GH¢742bn From GH₵658.6bn – Amin Adam

Dr Mohammed Amin Adam, the Finance Minister, has disclosed that the central government’s provisional total debt stood at GH¢742 billion (US$50.9 billion) as of June this year. This figure represents 70.6 per cent of the Gross Domestic Product (GDP). While delivering

July 23, 2024July 23, 2024

GH₵5.4b Boost For LEAP, School Feeding, Others

Dr. Mohammed Amin Adam, the Finance Minister has said government has disbursed GHȼ5.4 billion to support LEAP, School Feeding programme, Capitation Grant and National Health Insurance Scheme since January, 2024 to reduce the burden on the vulnerable in our country. He