BUSINESS

The Ashanti Regional Public Relations Officer for the aggrieved customers of Menzgold, Amankwah Baffuor has cast doubts on the ongoing validation process for customers across the country, saying he fears it may not capture true customers who cannot trace their documents. According to him, genuine customers who are finding it difficult to secure their documents for the exercise are apprehensive ...

A team of International Monetary Fund staff has concluded its 2019 Article IV Consultation Mission to Ghana and advised the Akufo-Addo government to have a tight 2020 budget so as to rein in the country’s growing debt stock. “While 2020 budget preparations are ongoing, the mission underlined the need to adopt an appropriately tight budget to limit financing needs, contain ...

Ghana’s President, Nana Addo Dankwa Akufo-Addo, has said his country wants her relations with the Russian Federation to be characterised by an increase in trade and investment co-operation, and not by the export and import of raw materials. According to President Akufo-Addo, “This, we believe, is the way to develop healthy relations between our two countries. Our vision is to ...

Workers who turn 60 years from January 1, 2020 will no longer receive lump-sum payments from the Social Security and National Insurance Trust (SSNIT) under PNDC Law 247. Such contributors will now have to turn to the fund managers of their second-tier contribution for lump sums. However, the Director-General of SSNIT, Dr John Ofori-Tenkorang, who disclosed this at a breakfast ...

THE international cocoa trade cannot be fundamentally changed for the better until cocoa communities in producer countries are lifted out of poverty, and this can only be achieved by ensuring that smallholder farmers receive a higher and fair price for their product, says John Ament, the Global Vice-President of Cocoa for Mars Incorporated, US-based maker of M&M’s, Snickers and Twix. ...

Minister for Information, Kojo Oppong-Nkrumah has disclosed that government will select from the six companies shortlisted in the previous bidding process as the new concessionaire to take up the private sector participation in the Electricity Company of Ghana (ECG) to replace Power Distribution Services (PDS) following the termination of the latter’s contract. Dismissing concerns that using restrictive tender to select ...

The Minister for Railways Development, Joe Ghartey, has showcased the immense investment opportunities in Ghana’s railway sector to potential investors in India. The Minister made it clear in his engagement in India that Ghana is vigorously transforming its rail sector. He was speaking at the inaugural session of the 13th International Rail Equipment Exhibition (IREE) 2019, held at Aerocity, New ...

The Ghana Revenue Authority (GRA) has locked up Pasico Ghana for nonpayment of taxes. The company is known to be the best producer of aluminum frames and Louvre blades; the most popular is the Pasiguard security grills. It also deals the selling and hiring of lifting equipment and building materials. According to the GRA, the company which has been in ...

As a company, and I believe same as the NGO we have partnered that, when you give, you feel the pleasure of knowing that you are contributing to the life and welfare of parents (Aged) who directly or indirectly have helped served humanity in various forms before growing old. These are people who do not have enough energy or strength ...

The Electricity Company of Ghana (ECG) has announced that it has terminated its Private Sector Participation Transaction Agreements with Power Distribution Services (PDS) effective Wednesday, October 23. A statement by the ECG stated that the company “has therefore assumed full operational and financial control of the electricity distribution business in the Southern Zone of Ghana with immediate effect.” The statement ...