Business Archives - Page 31 of 41

January 13, 2024January 13, 2024

Ghana Gets Debt-Relief Terms, Enough For IMF’s US$600 Million

Ghana has received a draft term sheet on debt relief from its official creditors that is sufficient for the International Monetary Fund to disburse US$600 million to the country, Finance Minister Ken Ofori-Atta said. The term sheet from the Paris Club

January 13, 2024January 13, 2024

“We Have A Serious Problem If $19m Can Cause Load Shedding” – Jinapor

A Ranking Member on Parliament’s Mines and Energy Committee, John Abdulai Jinapor, has taken on the government over the recent power outages being experienced in parts of the country. Parts of Accra in particular have been experiencing erratic power cuts for

January 12, 2024January 12, 2024

Govt Develops Policy To Regulate Artificial Intelligence

The Ministry of Communications and Digitalisation (MoCD) is in the process of developing a comprehensive policy document to regulate the use of Artificial Intelligence (AI) in the country. A draft is currently ready and waiting to be tabled before Cabinet for

January 12, 2024January 12, 2024

EOCO Retrieves GH¢214m Proceeds Of Crime

The Economic and Organised Crime Office (EOCO) has retrieved more than GH¢214.64 million proceeds of crime as of end of October 2023. The amount represents almost four times the target for last year. EOCO had a target of retrieving GH¢60 million

January 11, 2024January 11, 2024

Come Out With A Load-Shedding Timetable Now – Armah-Kofi Buah Tells GRIDCo

Former Minister of Energy and Petroleum, Emmanuel Armah-Kofi Buah has observed that Ghana is currently grappling with a severe case of Load Shedding, commonly known as Dumsor. He said the situation is evidently clear, with 500 MW of load being shed

January 11, 2024January 11, 2024

Timing For VAT Introduction On Electricity Wrong – Energy Expert

Energy expert, Kwadwo Nsafoah Poku has bemoaned government’s timing in introducing Value Added Tax (VAT) on electricity. His regret follows government's instruction to the Ghana Revenue Authority (GRA) to collaborate with the Electricity Company of Ghana (ECG) and the Northern Electricity

January 9, 2024January 9, 2024

Coalition Of Aggrieved Customers Of Menzgold Wants NAM1 Prosecuted

Members of the Coalition of Aggrieved Customers of Menzgold (CACM) have reiterated their commitment to the prosecution of owner of the defunct gold dealership company, Nana Appiah Mensah (a.k.a NAM 1). This is contained in a statement dated January 9 and

January 8, 2024January 8, 2024

Let Auditor-General Audit Controversial GRA, SML Deal– OccupyGhana

OccupyGhana, a political pressure group, has called on President Nana Addo Dankwa Akufo-Addo to allow the Auditor-General to audit the controversial contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML). The has also requested the revocation of the

January 8, 2024January 8, 2024

Cedi To Depreciate 8.4% To Dollar In 2024; Mid-Dollar Rate To Hover At ¢13.10 – Report

The Ghana cedi is expected to lose about 8.4% in value to the US dollar in the retail market in 2024, IC Research has stated. It foresees the mid-dollar rate to the cedi at ¢13.10. The expected depreciation of the cedi

January 8, 2024January 8, 2024

SpaceX illegally Fired Workers, U.S. Labor Agency Says

Rocket and satellite maker SpaceX was accused on Wednesday (4 January) by a U.S. labor agency of unlawfully firing eight employees for circulating a letter calling founder and CEO Elon Musk a “distraction and embarrassment.” A regional official with the National