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Business

Vodafone 4G; how the journey unravelled

The story of Vodafone Ghana’s acquisition of the 4G licence is an odyssey of persistence and belief. The story starts in 2015 when Vodafone pulled out of the National Communications Authority’s (NCA) 4G spectrum bidding process. The NCA pegged the price at US$67.5m for any mobile operator – Vodafone balked at the price, finding it […]Read More
Business

‘CBG executing mandate professionally’

Consolidated Bank Ghana (CBG) has assured the financial markets that customers and investors, individual and institutional, are being paid promptly when their deposits and investments mature. Daniel Addo, Managing Director of the bank, in a media interview, said the task the bank took on was huge but management and staff have been able to surmount […]Read More
Business

Demo looms over Luxury Vehicle Tax

The vehicle Asset Dealers Association of Ghana (VADAG) has threatened to embark on a demonstration if government fails to withdraw the Luxury Vehicle Levy (LVL) imposed on vehicle owners and importers. According to the Luxury Vehicle Act, 2018 (Act 969), vehicle with engine capacity ranging from 2.9L to 3.0L were charged GH¢1,000; capacities ranging from […]Read More
Business

Ghana Link, UNIPASS dragged to court

The controversy surrounding the UNIPASS National Single Window is far from over, with West Blue Ghana Limited, an IT solution firm, suing the operators of the system for allegedly pirating its software for the project. The suit, filed at the Commercial Division of the Accra High Court, is against Ghana Link Network Services Limited, Customs […]Read More
Business

Newmont’s Adiki Ofeibea Ayitevie decorated PR Personality of the Year

Newmont Africa’s Vice President in charge of Sustainability and External Relations Adiki Ofeibea Ayitevie at has been adjudged the PR Personality of the year 2017. Other individual winners on the night were Clarence Amoatey, General Manager of Touchpoint Magna Carta and Yaa Asamoah Boateng as Discovery and Internal communicator respectively. The 7th National PR and […]Read More
Business

2019 fishing closed season fixed

The 2019 close season for artisanal fishers has been fixed from May 15 to June 15 while that of industrial trawlers will take place between August first to August 31. The decision was taken by stakeholders attending a consultative meeting convened by the Ministry of Fisheries and Aquaculture Development to discuss the road map for […]Read More
Business

Low financial support affecting local firms in petroleum sector – ACEP

The Africa Centre for Energy Policy (ACEP) has reiterated calls for improved financial support for local companies in the petroleum sector to enable Ghanaians to undertake opportunities in that sector. As at September 2018, there were about 600 indigenous Ghanaian companies participating in the upstream petroleum industry with a total fund of $799 million dollars’ […]Read More
Business

GRA misses 2018 revenue target

The Ghana Revenue Authority (GRA) missed its 2018 revenue target of GH₵39,802.27 billion by GH₵2171.73 or -5.5 percent. The authority planned to collect GH₵23,588.41 billion in domestic taxes, but recorded GH₵24,438.75, an excess of GH₵850.35 million or 3.5 percent. The Customs Division was also given a target GH₵16,213.86 billion but it realised GH₵13,191.07 billion, a Read More
Business

Gov’t chases petroleum smugglers

Government has reportedly confiscated 28 BRVs, six canoes, four mobile pumps and five outboard motors carrying 709, 250 litres of illegally smuggled petroleum products across Ghana. Minister of Energy, John Peter Amewu who made this known to journalists on Tuesday, February 5, 2019 at the Ministry of Information Meet The Press Series, said the illegally […]Read More
Business

Energy Minister recounts sector’s performance

The Energy Minister, Mr John-Peter Amewu, has said that over 7,000 electrical wiring professionals have been certified under an electrical wiring regulations programme in the government’s effort to reduce the incidence of fire associated with faulty electrical wiring. The programme also ensures that only electricians certified by the Energy Commission are allowed to Read More