Business Archives - Page 18 of 59

January 3, 2025January 3, 2025

Tullow Oil Wins $320 Million Tax Dispute Against Ghana

Tullow Oil PLC has secured a significant victory in its ongoing tax dispute with the Ghana Revenue Authority (GRA). An International Chamber of Commerce (ICC) Tribunal has ruled that the Branch Profit Remittance Tax (BPRT) does not apply to Tullow Ghana's

December 31, 2024December 31, 2024

Terminal Shutdown Poses Threat to Ghana’s Tourism Aspirations – McDan Aviation CEO

McDan Aviation CEO Warns of Economic and Reputational Fallout from Private Jet Terminal Closure The recent closure of McDan Aviation’s private jet terminal at Kotoka International Airport, prompted by a $3 million debt, has raised serious concerns about its potential impact

December 30, 2024December 30, 2024

Full List of Phones That Will No Longer Support WhatsApp in 2025

WhatsApp to End Support for 18 Android Models and 3 iPhone Models in 2025 WhatsApp will no longer work on certain older smartphones starting in 2025, with both Android and iPhone users affected by the upcoming changes. The first major compatibility

December 16, 2024December 16, 2024

Legal Challenge To Government’s Borrowing Practices Gains Momentum

A legal battle is brewing in Ghana as a private legal practitioner, Jonathan Amable, has filed an urgent application to the Supreme Court, seeking to halt what he alleges are unconstitutional government borrowing practices. The application, filed on December 10, 2024,

December 13, 2024December 13, 2024

Ghana’s Cocoa Sector Faces Continued Decline

Ghana's cocoa sector has experienced a worrying trend of decline, with the third quarter of 2024 marking the fifth consecutive period of contraction. This significant 26% drop stands in stark contrast to the overall economic growth of 7.2% during the same

December 12, 2024December 12, 2024

Ghana’s Economy Shows Strong Growth In Q3 2024

Ghana's economy continued its upward trajectory in the third quarter of 2024, posting a robust 7.2% year-on-year growth. This marks a significant increase from the 6.9% growth recorded in the second quarter. The services sector remained the largest contributor to

December 7, 2024December 7, 2024

Election: Bus Shortages and Security Checks Disrupt Travelers Before Polls

Many travelers are making their way to their constituencies to cast their ballots but not without transportation hindrance. The holiday rush has compounded the issue, leading to overcrowded bus terminals nationwide. However, the situation has been particularly difficult at certain stations.

December 5, 2024December 5, 2024

Kejetia Market Won’t Be Closed on December 7 – Mayor Sam Pyne

The Mayor of the Kumasi Metropolitan Assembly (KMA), Samuel Pyne, has refuted claims that the New Kejetia Market will be closed on Saturday, December 7, to force traders to participate in the general elections. The allegations, reportedly spread by some disgruntled

December 5, 2024December 5, 2024

Fuel Prices Surge Again In Ghana

Ghanaian consumers are facing another round of fuel price hikes. Despite earlier projections suggesting a potential decrease, several oil marketing companies have increased prices at the pump. TotalEnergies has joined Shell in implementing the new pricing. A liter of petrol is

December 4, 2024December 4, 2024

Parliamentary Standoff Delays $300m World Bank Funding For Ghana

The Ghanaian government has acknowledged that the ongoing parliamentary impasse has caused a delay in the disbursement of $300 million in World Bank funding. This funding, part of a broader financial support package from the World Bank, was intended to help