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Ghana has signed a Memorandum of Understanding with Nissan Group of Africa for the establishment of an automotive manufacturing industry in Ghana, which will make Ghana the hub for sales and marketing of Nissan in West Africa. This was announced on Tuesday, 6th November 2018, when the Managing Director of...
Popular pastor, Mensa Otabil, and his church International Central Gospel Church are among 15 shareholders and directors of defunct Capital Bank sued over the collapse of the bank. The Plaintiffs Messrs Vish Ashiagbor and Eric Nana Nipah from PricewaterhouseCoopers say the bank’s collapse was a “direct result’ of defendants’” “‘misgovernance”...
Deputy Minister of Finance has hinted that the Gold dealership company, Menzgold will not be in business again in Ghana. According to the Deputy Minister, after several cautions from the Bank of Ghana and the Security and Exchange Commission, Menzgold has not been able to produce any legitimate license to...
The five per cent adjustment on tariffs by Telecom Companies operating in Ghana takes effect from today, Thursday, 1 November 2018.The tariff modification has become necessary following the implementation of the new tax laws – VAT (ACT 970), NHIL (ACT 971) and GETFL (ACT 972).The various networks are expected...
President Nana Addo Dankwa Akufo-Addo has urged member states of the Organisation for Economic Co-operation and Development (OECD) to set their sights higher and help build a prosperous Africa equal opportunity for all.Addressing the 18th OECD International Forum on Africa, on Wednesday, 31st October 2018, in Paris, President Akufo-Addo...
The Institute of Energy Security (IES) is projecting a two-to-four per cent reduction of fuel prices on the local market in November 2018. This is as a result of the 5.94 per cent fall in Brent crude average prices, fall in finished prices on the international market, and the Cedi...
Twelve dissatisfied clients of Menzgold, led by Mr Lewis Pendragon, have threatened to sue the gold-trading firm within seven days if it fails to pay them, in full and in cash, the principal value of gold which they purchased from Brew Marketing and gave to Menzgold to trade.A letter...
The Ashanti Regional chapter of the Ghana Union of Traders Association (GUTA), has described the report presented to the President of Nigeria, Mahamadu Buhari, by the Nigerian Union of Traders Association Ghana (NUTAG) as "fabricated and distorted facts". NUTAG on Tueday October 9, 2018 petitioned the President Mahamadu Buhari over...
Three driver unions – True Drivers Union, the Ghana Committed Drivers Association and the Concerned Drivers Association of Ghana – have increased transport fares by 20 per cent.The increase takes effect from today, Monday, 29 October 2018.According to the Chairman of the Committed Drivers Association of Ghana, Mr Charles...
The Trades Union Congress (TUC), the umbrella body for workers in Ghana has bemoaned the deteriorating working conditions of workers in the country under the Akufo-Addo government. According to the TUC, the high cost of living brought about as a result of some government policies and impositions of taxes are...
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