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Business

Gov’t targets cashless system

The government is set to roll out a cashless system in its operations after a pilot of the programme yielded good results. Vice President Mahamudu Bawumia told patrons at the 4th Ghana CEO Summit Monday that, the electronic payment system at the Tourism Ministry has increased revenue by four-fold. Stating the intent to extend it […]Read More
Business

Customs offers importers big deal

The Customs Division of the Ghana Revenue Authority is offering an opportunity to importers whose import duties were determined just before the reduction in benchmark values to re-present their documents for revaluation. The measure means that people whose goods have not yet been cleared can enjoy lower duties. The Customs Classification and Valuation Report (CCVR) […]Read More
Business

1% GDP to go into research – Osafo-Maafo

Ghana’s Senior Minister, Mr Yaw Osafo-Maafo, has charged researchers in the country to ensure that they contribute their quota to the development of the nation by producing timely research results. Speaking at the 60th-anniversary celebration of the Council for Scientific and Industrial Research (CSIR) in Accra, Mr Osafo-Maafo said the researchers ought to do more, […]Read More
Business

Delays in resolving financial issues in court affecting banks – Bankers Association

The Ghana Bankers Association is calling on the Judicial Service to expedite the adjudication of financial cases. According to the association, slow judicial processes have partly contributed to the high non-performing loans in the country. The Ghana Bankers Association laments that one of the major factors that led to the challenges in the banking sector, […]Read More
Business

Ecobank Ghana launches PayZone at Osu

Ecobank Ghana’s initiative to promote a cashless system is yielding the desired results with more than 15,000 merchants signing on to the digital product, EcobankPay Zone. The digital product, which is designed to promote financial inclusion by leveraging the rising trends in mobile usage across the country, is expected to improve convenience in payment of […]Read More
Business

Upward revision of benchmark values false – GRA

The Ghana Revenue Authority has debunked rumours circulating on social media that benchmark values on imports have increased. In a statement released to Ghanaweb and signed by the Commissioner General of GRA, Emmanuel Kofi Nti said prices of products still remain unchanged stating that reports making rounds indicating the upward revision of the benchmark should […]Read More
Business

Ghana marks Telecommunications Day

Ghana has joined the rest of the world in the celebration of 50th anniversary of the World Telecommunications and Information Society Day (WTISD). This year’s WTISD celebration took place on Friday, May 17, in Accra, under the global theme: ‘Bridging The Standardization Gap.’ The flags of Ghana, United Nations and the International Telecommunications Union (ITU) […]Read More
Business

Kumasi Metro to partner Media General to grow SMEs

The Kumasi Metropolitan Assembly has expressed its readiness to partner Media General in growing Small and Medium Scaled Enterprises in Ghana. This, the assembly believes is key for national development. The Mayor of Kumasi Metro, Osei Assibey, speaking to Grace Hammond Asare during Media General’s Start-up and Funding Summit in Kumasi, said the assembly has […]Read More
Business

Smuggling of petroleum products reduces

The fight against the smuggling of petroleum products has yielded positive results, as the menace has not been recorded since the beginning of the year. The country lost close to GH¢1 billion in revenue to petroleum smuggling activities in 2017 because of miscreants who brought in petroleum products in vessels which docked on the high […]Read More
Business

Newmont Ghana is now Newmont Goldcorp Ghana

Ghana’s leading gold producer, Newmont Ghana, has welcomed the successful completion of the transaction creating the world’s leading gold company, Newmont Goldcorp, and looking forward to a safe and orderly integration. The transaction closed on 18 April, 2018, and the Company’s business in Ghana is now called Newmont Goldcorp Ghana. “Newmont Goldcorp features an unmatched Read More