BUSINESS

The Ministry of Finance has rendered an apology to civil servants whose names were deleted from government payroll following measures by government to sanitise the system by deleting ghost names. The Ministry ordered the removal of 26,589 names of public workers from government payroll. Those affected had not been registered on the new SSNIT biometric system, despite several directives to ...

Springs Dealers Association at Suame Magazine in the Ashanti Region has disclosed that Suame Magazine is gradually collapsing due to high import duties on spare parts. In an interview with Abusua Dawuro’s Nana Ama Annor, the Chairman of the Association Mr. Patrick Oppong stated that the spare parts business in the country is no longer lucrative. He added that high ...

The maiden edition of the National Policy Summit (NPS) begins today at the Accra International Conference Centre (AICC). The two-day event, created by the Ministry of Information with support from the Business and Financial Times (B&FT), is to afford selected ministries the opportunity of engaging stakeholders on specific policies and how they will be implemented. The platform is also designed ...

Leading real estate developer, Lakeside Estate has expanded from residential to commercial and institutional real estate with the launch of a Business Centre at its premises at Adenta. The Lakeside Business Centre (LBC) which is a three-storey building will house a Banking Hall, mortgage centre, supermarket, pharmacy, doctor’s office, restaurant, commercial shop and their new Head Office. Launching the facility, ...

President Akufo Addo has reiterated his commitment to turnaround the country’s economic fortunes and expand the financial sector. He admits that his administration comes at a time that the banks are facing tough times which have impeded their growth and their ability to support industrial growth. According to the President, the policies being enrolled to deepen investor confidence should also ...

Samuel Kwasi Kyei Darkwah, the Akwatia branch manager of GN Bank Ghana Limited, has appeared before an Accra circuit court for allegedly stealing over GH¢2 million belonging to the bank. The accused is in the dock alongside one Selassie Awudi Solomon, a real estate developer. The two, according to the prosecutor, ASP Stephen K. Adjei, conspired with one Kenneth Obina, ...

Vice-President Dr Mahamudu Bawumia has hinted that the government is working to bring down the cost of mortgage and lending, as it is too high for people to afford. He said the country’s economy was far too informal and that was what had caused the situation, and for which reason the government was going to formalise the economy based on ...

Government is considering granting a ten year tax holiday to major Multinational firms. The move, according to the Chief Executive Officer of the Ghana Investment Promotion Centre, Yoofi Grant, is to get at least three of such firms to locate their headquarters to Ghana. The centre is currently reviewing some major components of the GIPC Act to make it more ...

The Ministry of Finance has appointed new officers to key positions in the Ministry in a bid to help push the reforms the government intends to pursue. Overall four persons have been appointed to augment the work at the ministry, including Ms Eva Mends, Eugene Asante Ofosuhene, Sampson Akligoh and David Klotey Collison to respective positions. According to a press ...

Tigo Business, the enterprise arm of CIMG Telecom Brand of the Year, Tigo, is launching its first image campaign and it is doing it ambitiously. For the nationwide campaign themed “We understand your business”, Tigo Business is focusing on the tailor-made solutions that it provides to various businesses including large corporates, the public sector, Small to Medium businesses and Small ...