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The Minister of Business Development, Ibrahim Awal, says his Ministry has created over twenty thousand jobs since its inception in 2017. Speaking to Citi News in London at the UK-Ghana Chamber of Commerce Investment Summit, the Minister said his ministry is confident that it would be responsible for the creation...
The National Petroleum Authority (NPA) has disclosed that Ghana loses about 850 million cedis annually in taxes, due to the increased activities of fuel smugglers into and out of the country. The illegal act is said to involve operators who ply their business at the ports by fuelling tanks with...
The Institute for Energy Security (IES) has projected that fuel price will go up by 2.5 per cent in the second pricing window of April, barring any intervention from government.“Guided by the fundamental indicators such as rise in price of Gasoline, Gasoil and Brent crude on the international oil...
Finance Minister Ken Ofori-Atta on Friday told Japanese businesses that the current stable macro and political environment is an opportune time for them to launch into the West African region using Ghana as the hub. “We are now combining politically stable environment with fiscal consolidation and macro stability and we...
Drivers have been warned they face misery at petrol pumps this year after the oil price rose to a three-year high of almost $70 (£52) a barrel. In November, Opec and other big oil producers including Russia agreed to extend production curbs until the end of 2018, which combined with...
The Millennium Development Authority (MiDA), has selected Meralco Consortium, to manage the Electricity Company of Ghana , under the power compact Two agreement. Meralco Consortium is led by the Manila Electricity Company from the Philippines. A statement from MiDA copied to Citi Business News said Meralco Consortium is known to have the highest...
Government has announced an increment in cocoa price per bag from Gh¢425 to Gh¢475 effective October 1, 2016.A deputy Finance Minister, Cassiel Ato Forson, announced the 2016/17 cocoa price at the 2016 Cocoa Day celebrations at Tepa in the Ahafo Ano North District of the Ashanti region. The event...
Vice President, Dr. Mahamudu Bawumia has called for increased collaboration towards a sustained Public -Private partnership led economy to charge a new direction for Ghana. He made this known when a high powered business delegation from Bavaria -a heavily industrialised region of Germany...
The Ghana Revenue Authority (GRA), the Attorney-General’s Department and the Judicial Service have been sued over the introduction of the Tax Identification Number (TIN) policy. The Centre for Juvenile Delinquency, an NGO, is seeking to invoke the original jurisdiction of the Supreme Court on the consistency or otherwise of the...
Seth Terkpe,finance minister Seth Terkper, Minister of Finance, on Thursday October 20, laid a paper containing details of the government’s budget for the first quarter of 2017 before parliament. The paper has been referred to the Finance Committee of Parliament. The committee is expected to present its report on the...
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