BUSINESS

The Electricity Company of Ghana wants Parliament to approve an increase in end user tariffs of at least 37.6 percent to cover the losses it is making on electricity sales under the current tariff structure which has been in effect since April this year. This year’s edition of the annual major review of electricity tariffs is currently ongoing, under the ...

Spare parts dealers in the country say they are hopeful the 2019 budget will alleviate the hardships in the ensuing year since 2018 has been difficult for them. According to them, the poor performance of the Cedi has had a major effect on their business since they import with the dollar. It comes as the finance minister is set to ...

Government has heeded the Ghana Grid Company’s appeal for help and decided it will convert loans it has on-lent to the power transmitter into equity. This means GRIDCo will not have to pay back an estimated US$140million of debt that government-contracted on its behalf. GRIDCo inherited about US$120million of the debt from the Volta River Authority, from which it was ...

Some customers of Menzgold Ghana Limited, who thronged the gold-trading firm’s Dzorwulu office on Friday 9, November 2018 with the expectation of receiving 15 per cent of their principal investments as promised them by the company last week, were left disappointed as they say the embattled company appears to be only interested in migrating its customers onto its new online ...

The Ghana Revenue Authority (GRA) in the Upper East Region, has embarked on a programme to enforce the Excise Tax Stamp Policy, as part of measures to prevent excisable products without Tax Stamp from being sold to the public. The nationwide activity is part of efforts instituted by the revenue mobilization institution to ensure that all distributors, wholesalers and retailers ...

Chief Executive Officer (CEO) of Menzgold, Nana Appiah Mensah has encouraged its aggrieved customers to take advantage of the company’s online platform and migrate on it. Breaking his silence for the first time on the brouhaha involving his company, the Securities and Exchange Commission and the Bank of Ghana (BoG), he assured customers that his company will pay them their ...

The Chief Executive Officer of Menzgold Ghana Limited, Nana Appiah Mensah, popularly known as NAM 1, has assured customers of the embattled company that Menzgold will not collapse. According to him, the company is bouncing back stronger as they are working assiduously to address all the challenges they’re faced with. In an interview on his Zylofon FM on Monday, Mr. ...

The CEO of Menzgold, Nana Appiah Mensah, has moved to assure Ghanaians that the gold dealership firm will not fold after the Deputy Minister of Finance controversially claimed that the company was on the verge of being closed down in the country. Mr Mensah said claims that the gold dealership company is a financial is not accurate insisting the company ...

Government has been urged to amend sections of the Internal Revenue Act 2000 that gives tax incentives to multi-national companies in the country. Section of the Act 592 provides tax incentives and holidays to some companies listed on the Ghana Stock Exchange. But, Mr Raphael Godlove Ahenu, the Chairman of the Brong-Ahafo Regional Chapter of the Tax Justice Coalition, said ...

CUTS International Ghana, a research and advocacy policy think tank, has proposed to government to remove the special petroleum tax to lessen the impact of the exchange rate vulnerabilities on consumers. The organization expressed concern about the persistent increases in petroleum products prices, adding that, the removal of the tax would reduce the effect on rising cost of transportation of ...