Business

Only 2% of Ghana’s Informal Sector Pay Taxes.

informal sector

The informal sector constitutes 70 percent of the business arena – but just two percent of them pay their taxes. Mr. Richard Hakeem Quainoo – a Chief Revenue Officer of the Ghana Revenue Authority who announced this on Wednesday – also stated that only 1.5 million of the expected six million taxpayers honoured their responsibilities, with 200,000 being from the ...

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MTN Planning to Sell Shares in Jumia after IPO

Jumia

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5 billion, according to people familiar with the matter. Jumia’s largest shareholder MTN Group Ltd. is planning to raise as much as $600 million from selling its shares through the IPO, said one of the people, who asked not to ...

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GLOBAL FOREX AND STOCK INDEX ANALYSIS AND FORECAST 2019

2018 was a good year in the financial markets with many investors recording two to three digits annual percentage returns on various portfolio investments with diverse asset classes. The year was favourable for many asset classes – particularly the US dollar, as we saw the dollar appreciate massively against its major trading currencies for the greater part of theyear. The ...

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Danquah Institute Predicts MPS port project will lead to $2bn, 1,400 job loss if not renegotiated

The Danquah Institute (DI) has served notice that it will take legal action against the parties involved in the building and operation of a new terminal at the Tema Harbour if the parties do not renegotiate the terms of the project to ensure that the country is not shortchanged. The pro-government think tank has issued a 60-day ultimatum to those in ...

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GSIA launches 2018 Capital Market Week.

Capital Market Week

The  Ghana Securities Industry Association has stressed the need for good corporate governance at the launch of the 2018 Capital Market Week at the Ghana Stock Exchange in Accra on 22nd October 2018. The launch was held on the theme “The Role of Good Corporate Governance in the Transformation of Ghana’s Capital Markets”.   Speaking to the media, the Executive ...

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Why you Need to be on LinkedIn as a Graduate

LinkedIn

Essentially the dream and wish of every student are to get a job. But most of us (writing as a student) do not even know how powerful LinkedIn is. Do you even know what the heck Linkedin is? NO. But here is what you need to know about the valuable tool that would help you get your dream career job ...

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Dintcoin to support SMEs

Dintcoin an ER-20 cryptocurrency (Token) which uses Ethereum Block chain created in July, 2018 by a team of young entrepreneurs who seek to creates financial freedom to individuals (companies and persons) through creations of job opportunities with the crypto token is set to support SME businesses in Ghana. According to the Public Relation Officer, Emmanuel Gyimah, “the Dintcoin is like ...

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No one will be shielded …Prez declares on collapse of 7 banks

President Nana Addo Dankwa Akufo-Addo has said that government will not shield anyone found to have played a role in the collapse of the seven local banks. The President, speaking at the opening of the new head office complex of Standard Chartered Bank in Accra, bemoaned the cost of rescuing the seven banks to the tax payer adding that the ...

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Nduom begins national campaign tour against panic withdrawals

The Chairman of GN Bank, Dr. Papa Kwesi Nduom has begun a nationwide tour aimed at appreciating customers who have remained loyal to the country’s indigenous banks. Themed, “Stop the panic withdrawals and strengthen indigenous banks”, Dr Nduom will use the opportunity to urge the population in general to avoid panic bank withdrawals as it may negatively affect the operations ...

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