BUSINESS

The Ghana Chamber of Bulk Oil Distributors (CBOD) 2019 Ghana Petroleum Industry Report has revealed that the various units of the Ghana Revenue Authority GRA coordinate their activities or share information on a routine basis. the GRA has integrated the four revenue institutions namely the Customs, Excise and Preventive Service (CEPS), the Internal Revenue Service (IRS), the Value Added Tax ...

An economist at Databank, Courage Martey has projected that Ghana’s local currency, the cedi is expected to remain stable against major trading currencies throughout 2021. Martey said he believed the stability of the local currency is as a result of measures set in place by the Bank of Ghana to prevent a cedi depreciation. The local currency has so far ...

Transport Minister-designate, Kwaku Ofori Asiamah, has committed to completing the construction of the proposed Cape Coast airport within the next four years. Answering questions about the proposed airport for the Central Region, Mr. Asiamah told the Vetting Committee of Parliament that: “I will ensure that it is constructed within my tenure; within the next four years, if I am given ...

The Securities and Exchange Commission (SEC) has cautioned the public against doing business with Wiseling Online Investment Company, a Finnish-based company operating in Ghana A statement by SEC stated that it has not licensed the company to carry out any Capital Market activity including investing or trading for returns as mandated by Section 3 of the Securities Industry Act, 2016 ...

Economist and Dean of the University of Cape Coast Business School, Prof. John Gatsi, has urged regulatory bodies – the central bank (BoG) as well as the Securities and Exchange Commission (SEC) – to as a matter of extreme urgency step-up measures for the regulation of blockchain-backed cryptocurrencies. He argued that Ghana is not insulated from the significant developments in ...

Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance amongst mainstream investors. Bitcoin hit a new high of $50,602, and was last up 3.3% at $49,537. It has risen around 72% so far this year, with most of the gains coming after electric ...

Communications and Digitization Minister-designate, Ursula Owusu-Ekuful has assured that jobs at telecommunications firm, AirtelTigo Ghana, will not be affected amid government and stakeholder discussions to take over the company. According to her, government will prioritize and protect the best interest of staff of the company when the acquisition process is completed. In October 2020, Government of Ghana announced its intention to purchase ...

Ghana will soon see popular car manufacturer, Peugeot, open a vehicle assembly facility in the country. This is according to the CEO of Silver Star Auto, the sole authorized distributor of Peugeot in Ghana. Mr. Asad Nazir says that talks with relevant authorities are far advanced and an official announcement will be made soon. He said this whilst speaking to ...

Finance Minister-designate Ken Ofori-Atta has been flown to the United States of America over COVID-19 complications. “The Ministry of Finance wishes to inform the general public and stakeholders that Mr. Ken Ofori-Atta, the Representative of H.E the President at the Ministry of Finance and Minister-designate for Finance, will travel to the United States of America today for a special medical ...

The Chief Executive Officer (CEO) of Dalex Finance, Ken Thompson, has wondered why the CEO of the defunct gold dealership firm, Nana Appiah Mensah (NAM1), is walking a free man. Mr. Thompson told TV3’s Komla Adom in a documentary titled ‘The Menzgold heartache in Ghana; two years on!’ that Menzgold was an obvious scam and wondered how people were lured ...