BUSINESS

The Ghana Revenue Authority (GRA) is running back to GCNet to restore its systems following challenges witnessed at the ports with the newly introduced Integrated Customs Management System (ICUMS), otherwise known as UNIPASS. A statement signed by the Acting Commissioner-General of GRA, Ammishaddai Owusu-Amoah expressed regret over inconveniences caused importers. According to the GRA, the discussions with GCNET have been ...

“Illiquidity leads to insolvency” This was volunteered by the Minister of Finance Ken Ofori-Atta during a discussion about the impact of COVID-19 on government finances and why the administration had appealed to the IMF and the World Bank for financial support. This means that the Minister and the administration understand what happens when an organization through no fault of theirs ...

The Secretary-General of the Trades Union Congress, (TUC) Dr. Yaw Baah, has noted that the GH¢600 million stimulus package the government has earmarked to assist small and medium scale enterprises (SMEs) is woefully inadequate. He said the amount will not be able to restore the economy to where it was before the COVID-19, therefore the government must increase the amount. Government ...

The Ghana Revenue Authority has asked GCNET to resume operations at the Tema port today, Wednesday, April 29, 2020, in order to restore the disrupted Integrated Customs Management System (ICUMS). In a letter sighted by Starrfm.com.gh, GRA stated that discussions with GCNET have been occasioned by the challenges being faced by agents processing their custom documents on the new Integrated ...

The shareholders of GN Savings and Loans are praying the High Court to order the Bank of Ghana (BoG) to restore their specialised deposit-taking licence. The prayer was contained in the written address that the lawyers filed on behalf of the shareholders. “These actions were taken pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 ...

The International Monetary Fund, IMF has projected that Ghana will not go into an economic recession later this year due to Covid-19 pandemic. Some developmental partners of Ghana including the World Bank have warned that the country could go into an economic recession due to the Covid-19 outbreak. IMF Country Director for Ghana, Dr Albert Touna Mama in a radio ...

Lawyers for Dr Papa Kwesi Nduom have told an Accra High Court that the Ministry of Finance maliciously lied to the Bank of Ghana that the Government only owes Groupe Nduom only GH¢ 30.33 million. “The evidence, as shown by the turn of events narrated in the previous sections of this address, suggests strongly that the patent misrepresentation by BoG ...

Zenith Bank Ghana Limited has donated One Million Ghana Cedis (GH¢1,000,000) to the COVID-19 Fund established by the government of Ghana to complement Government’s fight against the virus, and to assist in the welfare of the needy and the vulnerable in society. Officials of the Bank presented the amount at the Ministry of Information press briefing on Tuesday April 14, ...

Controversial leader of The Peoples Project, TPP, Kwame A plus, is demanding answers from the government as to why they cannot use some of Mahama’s abandoned projects as isolation centers or even house homeless people who have no place to stay during this lockdown. Describing the situation as unfortunate, A Plus says the government should find a way to complete ...

The Managing Director of the Tema Oil Refinery (TOR) Asante Berko has denied claims by the US authorities that he bribed some former Ghana government officials for his client in a plant project while he worked for Goldman Sachs. The Securities and Exchange Commission said Asante Berko, a former employee at a subsidiary of the U.S. lender, arranged the bribes ...