Friday , 22 March 2019
Home » Business (page 4)

Business

Ghana’s import duty highest in SSA – GUTA

The President of Ghana Union of Traders Association (GUTA), Dr Joseph Kwaku Obeng has said Ghana charges the highest amount of levies on goods imported into the country within the Sub-Saharan region. Dr Obeng said Ghanaian traders go to neighbouring West African countries to buy goods imported to those countries because it is cheaper than importing directly into Ghana. “We …

Read More »

BoG is a lawless entity – Isaac Adongo

A Member of Parliament for Bolgatanga Central, Isaac Adongo has described the Bank of Ghana (BoG) as a lawless entity which sets bad example for corporate governance in the financial sector. According to him, the BoG in May 2018 breaches its obligation to publish its audited financial statements by March 31 and subsequently had to rectify when it was brought …

Read More »

Databank CEO interacts with clients

Databank, Ghana’s leading investment bank, held a Forum dubbed ‘Time with the CEO’ for its clients and the general public on Friday, March 1, 2019, at the new Accra Metropolitan Assembly Office Complex at 5:30 p.m. The program was moderated by Bernard Avle, host of the Citi FM Breakfast Show. The crisis in the financial sector, and the inability of …

Read More »

We need IMF now, Seth Terkper tells government

Financial expert, Seth Terkper fears a complete breakup between Ghana and the International Monetary Fund (IMF) could cause economic problems for the country. The Former Finance Minister has argued that although Ghana’s programme with the Bretton Woods institution is drawing to a conclusion, the government should consider flirting with the international body. According to Mr. Terkper, the IMF was established …

Read More »

Ghana’s port charges highest import duty in West Africa – GUTA

It has emerged that Ghana charges the highest amount of levies on imported goods within the Sub-Saharan region. Speaking to Citi FM, President of the Ghana Union of Traders Association (GUTA), Joseph Kwaku Obeng noted this has led to many traders or businessmen travel to neighbouring West African countries to purchase imported goods because it’s cheaper than importing to Ghana. …

Read More »

Ghana Gas to monetize vital gas product by mid-2019

The Ghana National Gas Company (Ghana Gas) will by the middle of 2019 monetize an essential by-product, known as Isopentane, which would be used for power generation. Currently the pentane gas is flared since the country has not built the capacity to use this particular gas. However, the CEO of Ghana Gas, Dr. Ben Asante revealed at a media briefing …

Read More »

Council of State, President to confer on import duties review

The Council of State is determined to intervene in reviewing import duties downwards after conferring with President Akufo-Addo this week. The Council of State was petitioned by Trade Union members, Ghana Union of Traders Associations (GUTA) and other related parties to intervene and help save them from the exorbitant charges. The council, its emerged has held discussions with a number …

Read More »

Aviation Ministry to negotiate more routes for airlines operating in Ghana

The Aviation Ministry says it will not relent in negotiating more routes for airlines operating in the country as it strives to make Ghana an aviation hub. Ghana currently has over 65 Bilateral Air Service Agreements (BASA) with countries in both Europe and the Americas permitting airlines to operate into these areas. Recently at the International Civil Aviation Authority’s Air …

Read More »

Aker Energy discovers more oil offshore Ghana

Aker Energy has announced it has encountered oil in the Pecan South-1A well offshore Ghana. “A sidetrack will now be drilled to further appraise the volume potential,” an official statement said. The Pecan South-1A well was drilled south of the main Pecan field in the Deepwater Tano Cape Three Points block and encountered oil. Aker Energy is in the process …

Read More »

Ghana Commodities Exchange: marketing opportunities to farmers

Ghana’s economy has been predominantly agrarian. Various cash crops have a place in Ghana’s economic history. Tetteh Quarshie, for example, brought cocoa from Fernando Po, having experienced the viability of the beans. Other food crops such as rice, maize, soybeans etc. have been on our production radar. Farming is mostly undertaken on small scale bases, with over-reliance on labor and …

Read More »