The Ghana Stock Exchange (GSE) has suspended the listing of UT Bank Limited indefinitely and this follows the forceful takeover of UT by Ghana Commercial Bank. The suspension follows the revocation of the license of UT Bank which was announced on Monday August 12, 2017 because of the banks increasing...
Members of the Abossey-Okai Spare Parts dealers Association have commended President Nana Addo Dankwa Akufo-Addo for abolishing the 10 per cent import duties on spare parts. They have also pledged to embrace government's proposed automation and paperless policy to reduce the congestion and tension that had hindered early clearance of...
Parliament has approved a loan facility of 1,300,000,000 dollars, an equivalent of 5.850 billion cedis, for the purchase of cocoa beans. Presenting the report of the Finance Committee to Parliament, the Chairman Mark Asibey Yeboah told the house that the 1.3 billion dollars trade finance facility is to assist COCOBOD...
From September one, Ghana will implement new measures and sanctions at the ports to meet international standards in fulfilment of the Government’s determination to enhance efficiency towards national development. The measures include the removal of internal customs barriers within the country, mandatory joint inspections as well as ensuring a paperless...
An Economic Advisor at the Office of the Vice President has charged government and agencies considering the implementation of the controversial mandatory towing levy not to monopolize the programme. Dr Gideon Boako said: “We should think of how we can diversify the contract. We do not have to bring in...
The Ghana Union of Traders Association (GUTA) has expressed dissatisfaction with the mid-year budget review presented at Parliament on Monday, by Finance Minister, Mr Ken Ofori-Atta. The GUTA said the budget failed to capture policies needed to flush out foreign illegal traders in the retail industry, one of the key...
Finance Minister, Mr Ken Ofori-Atta, has reaffirmed government’s commitment towards making Ghana a leading entrepreneurial nation on the African Continent. He said government was injecting 10 million dollars as a seed-capital into the National Entrepreneurship and Innovation Plan (NEIP) which was launched recently to support start-up and early-stage businesses. The NEIP...
The overall real Gross Domestic Product (GDP) growth year-on-year for the first quarter of 2017 was 6.6 per cent, an increase from the 4.4 per cent registered for the same quarter of 2016. The Industry sector recorded the highest and impressive growth of 11.5 per cent, up from 1.8 per...
Financial institutions have been urged to increase financing to the agriculture sector to boost production and enhance livelihoods. Mr Kwaku Kwarteng, a Deputy Minister of Finance, who made the call, said allocation of loans by the financial institutions to the agriculture sector over the years had been woefully inadequate. In the...
The Minister for Monitoring and Evaluation, Anthony Akoto-Osei, has cautioned the Ghana National Petroleum Corporation (GNPC) against engaging in deals outside its mandate. His warning comes on the back of a PIAC report which revealed that the GNPC extended credit facilities to TOR and BOST. Speaking to Starr fm, Dr. Akoto-Osei...