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Akufo-Addo, Ofori Atta must be blamed for Telcos tariff hike – Sam George

The National Democratic Congress’ Member of Parliament for Ningo-Prampram Sam George Nettey has urged Ghanaians to blame President Akufo Addo and his cousin the Finance Minister, Ken Ofori Atta for the imminent tariff increase in the telecommunications sector. According to him, the duo have purposed in their hearts to burden Ghanaians with more taxes even though the generality of the …

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We’ll resist imposition of CTN through the back door – GUTA

The Ghana Union of Traders Association (GUTA) wants the Ghana Revenue Authority (GRA) to revoke the quota system infused into the Cargo Tracking Note (CTN). According to GUTA, the quota system will bring unnecessary bureaucracy, time wasting, lobbying and cost that may create possible avenues for frustration and corruption. The union has warned that it will vehemently resist any attempt …

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Amewu warns prospective oil block bidders against malpractices

The Minister for Energy, John-Peter Amewu has issued a stern warning to companies which will be participating in the bidding process for the six oil blocks to desist from presenting false information or documents else they will be disqualified. According to him, government wants to ensure fairness and transparency in the bidding process and therefore will not countenance on any …

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2 young Ghanaians make it to Forbes 30 under 30 startup hub in Boston

Two Ghanaians in the United States of America have made it to the 2018 Forbes Under 30 Summit to exhibit their startup. The Forbes Under 30 Summit is an annual event that brings together different groups of young entrepreneurs, CEOs, founders, leaders, mentors, investors and many more from around the world. The summit serves as the definitive place to learn, …

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Alan courts Turkish manufacturing giants to Ghana

Barring any unforeseeable challenge, Ghana will soon see some Turkish manufacturing giants, especially, those in the garment and textiles industry; establish their presence in the West African country complement those already in business. This follows a series of successful sideline meetings of the Turkey-Africa Economic and Business Forum between a Ghanaian delegation of some government officials and businessmen and women …

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Government to provide insurance policies for small-scale miners – Charles Bissue

Secretary to the Inter-Ministerial Committee on Illegal Mining, Charles Bissue says government plans on giving legal small-scale miners insurance policies after it lifts ban on small-scale mining activities. According to him, the insurance policy will serve as a welfare package to the miners as they are prone to danger on daily basis. Addressing the media on the progress made on …

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$35 million metal plates left to rot at Komenda sugar factory

The non-operational Komenda Sugar Factory that has been left untouched for months remains in a very worrying condition which continues to cause losses to the state. The factory has not undertaken any significant commercial processing for a while, causing the 35 million dollar metal plates which are used to regulate and operate the facility to corrode. The Komenda sugar factory, …

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Money doesn’t like noise – Nduom warns BoG over falling investor confidence

A week after the Chairman of GN Bank, Dr. Papa Kwesi Nduom said he will lead a team of bank officials to begin a nationwide tour on the theme stop the panic withdrawal and strengthen indigenous banks, Dr Nduom has fired Bank of Ghana over its handling of the banking sector crises in Ghana. The President and Chairman of Groupe …

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Bank of Ghana to takeover another troubled bank?

The Bank of Ghana has indicated that it would takeover another ‘troubled’ bank if the said institution fails to meet some conditions. This was contained in a document cited by JoyBusiness. Reasons JoyBusiness understands that the Bank in question (name withheld) has until the middle of this month to take crucial measures to improve its financial position or risk that …

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Cocobod et al to go paperless by November

High spending state-owned institutions, the Ghana Cocoa Board (Cocobod), the Volta River Authority (VRA), Ghana Health Service, Tema Metropolitan Assembly (TMA) and the Koforidua Technical University, are to be connected to the Electronic Government Procurement Platform (EGP) by November. According to the Deputy CEO at the Public Procurement Authority (PPA), Kwame Prempeh, the EGP system is meant to enhance and …

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