Saturday , 19 October 2019
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Nigeria borders to remain closed until 2020 despite protests

Nigeria’s land border with neighbouring countries to remain closed until 2020 as the government intensifies what is seen as a radical move, to check smuggling of goods into the populous African nation. Though unilateral border closures go against all commercial and freedom of movement treaties signed under the Economic Community of West African States (ECOWAS), Nigeria has justified its decision. …

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Ghanaian businesses recording huge losses following Nigeria border closure

Some members of the Ghana National Chamber of Commerce and Industry (GNCCI) say they are recording huge losses following the closure of the Nigerian border with Benin. They fear this may escalate further if the government does not fix the issue immediately. Nigeria has closed its borders to neighboring Benin over issues of smuggling of goods into the country. The …

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MTN sees customers as their priority – Human Resource Director

The Human Resource Director of MTN Ghana, Amma Benneh-Amponsah has asserted without mincing words that the organization works in the best interest of their customers. According to Mrs. Benneh-Amponsah, MTN Ghana researches into the best ways to satisfy customers’ needs. “We look for best practices, not just within our industry but other industries as well. We actually aspire to be …

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Akufo-Addo promises to revive Ghana Consolidated Diamonds

The President, Nana Addo Dankwa Akufo-Addo, has assured the Chiefs and people of Akwatia that his government will do all within its power to revive the Ghana Consolidated Diamonds Ltd. According to President Akufo-Addo, the Ghana Consolidated Diamonds Ltd, in times past, “has helped create jobs and wealth for the people of Akwatia. “Therefore, if, today, there are some lingering …

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Tension in Gulf affecting Ghana’s oil market – Duncan Amoah

Tension among oil producing nations in the Gulf and the United States of America is affecting Ghana’s oil market, Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPEC), has said. He told TV3 that: “Anytime there is these escalations of tension between countries in the Gulf and the super power United States, what you see is that …

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No more expiry of voice, data bundles – Telcos ordered

The Ministry of Communications has directed telcos to roll over all unused data and voice bundles purchased by customers. This will mean unused data and credit will not expire. “All unused data and voice bundles purchased by subscribers do not expire and must be rolled over with the next recharge,” the Ministry said in the statement that also directed teclos …

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Ursula Owusu-Ekuful accuses telcos of milking consumers over CST deduction

Communications Minister, Ursula Owusu-Ekuful has accused the mobile telecommunications companies of milking consumers over the implementation of the recently increased Communication Service Tax (CST). In a letter written to the National Communication Authority (NCA), the Minister said before the increment in the CST from 6 to 9 percent, telcos were absorbing the tax. However, the increment announced in the 2019 …

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Gov’t orders telcos to stop passing on 9% service tax to subscribers

The Communications Ministry has ordered Mobile Network Operators (MNOs) to stop passing on the 9% Communication Service Tax (CST) to subscribers. In a letter addressed to the National Communications Authority (NCA), and published in full below, the Communications Ministry stated that the CST should be treated the same way VAT, NHIL, GETFUND levy and all other taxes and levies imposed …

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Ato Essien, Quartey-Papafio disguised GHC70m proceeds of crime – State Attorney

The CEO of the defunct Capital bank, William Ato Essien, Kate Quartey-Papafio and two others have been charged with stealing and money laundering. According to the State, Ato Essien and Kate Quartey-Papafio “between June and August 2017 in Accra in the Grater Accra region disguised the sum of GHS70,000,000 knowing it to be proceeds of crime.” “Money Laundering contrary to …

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Cotton has annual turnover of around $50 billion – FAO

The cotton sector in most economies around the world has an annual turnover of around $50 billion with a production of 25 million tonnes in 75 countries, the Food and Agriculture Organization (FAO), has said. The FAO said also that international trade in cotton is estimated at US$ 18 billion annually. “Cotton is a major source of livelihoods and incomes …

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