Business Archives - Page 13 of 47

August 30, 2024August 30, 2024

Government Releases GH₵700 Million to Unlock Frozen Funds

The Ghanaian government has announced the release of GH₵700 million to provide relief to individuals whose funds have been trapped in collapsed fund management companies. This is the first tranche of a GH₵1.5 billion allocation approved in the 2024 mid-year budget

August 27, 2024August 27, 2024

Government Allocates GH¢8bn Relief Package For Farmers Hit By Drought

The Finance Minister, Dr Mohammed Amin Adam, has announced that the government has set aside GH¢8 billion to provide relief and mitigative measures for farmers affected by the recent dry spell. Speaking on the crisis, he acknowledged that while the response

August 24, 2024August 24, 2024

Nduom Demands GH¢7.1bn From Govt For ‘Collapsing’ GN Bank

Dr. Papa Kwesi Nduom, the embattled founder of Groupe Nduom, has intensified his battle with the state, claiming a staggering GH¢7.1 billion debt, including accrued interest. This latest development follows a long-standing dispute between Nduom and the government, which dates back

August 22, 2024August 22, 2024

DRIP Machines Handed Over to Assemblies In Bono

The Bono regional minister has handed over 99 road construction equipment to 12 municipal and district assemblies (MDAs) under the District Road Improvement Program (DRIP) on behalf of President Nana Addo Dankwa Akufo-Addo. Speaking at the ceremony, Hon. Madam Justina Owusu

August 19, 2024August 19, 2024

We’ll Reduce Cost Of Public Transportation – Bawumia

NPP flagbearer Dr. Mahamudu Bawumia has promised to reduce the cost of public transportation if elected into government in the upcoming elections. Outlining how he intends to get this promise fulfilled, Dr. Bawumia demonstrated his commitment to promoting and supporting the

August 17, 2024August 17, 2024

Pres Akuffo-Addo Calls For Rethinking Of Africa’s Devt Cooperation Framework

President Nana Addo Dankwa Akufo-Addo, has at the 5th anniversary of the Council on Foreign Relations Ghana urged African leaders and international development partners to critically reassess the current development cooperation framework. Speaking on the theme “The Limits of the Current

August 14, 2024August 14, 2024

Too Many Tax Exemptions Affecting Revenue – World Bank

Ghana’s tax system does not generate as much revenue as it should because of the many tax reliefs or exemptions that narrows the corporate income tax (CIT) base, the World Bank has said in its 8th Ghana Economic Update. According to the

August 14, 2024August 14, 2024

ECG Disconnects Kejetia Market Again Over GH¢7m Debt

The Kumasi City Market, also known as the New Kejetia Market, has been disconnected from the power grid by the Electricity Company of Ghana (ECG) due to outstanding arrears of over GH¢7 million. Despite a previous agreement to clear the debt,

August 13, 2024August 13, 2024

World Bank: Majority Of Ghanaian Banks Strong Enough To Avoid Recapitalisation

The World Bank in its 8th Ghana Economic Update, has indicated that more than half of the 23 banks operating in Ghana are well-positioned to avoid the need for recapitalisation. According to the World Bank, within a year, most banks successfully

August 12, 2024August 12, 2024

COCOA FARMERS PENSION DEDUCTIONS KICKS OFF IN THREE DISTRICTS

The Ghana Cocoa Board (COCOBOD) has commenced the pilot phase of deducting cocoa farmers' contributions to the Cocoa Farmers Pension Scheme, marking a historic milestone in Ghana’s cocoa sector. This initiative, which began on August 6, 2024, ensures real-time deduction of