Business

New management commissions audit of SSNIT’s operations

SSNIT

The Social Security and National Insurance Trust (SSNIT) has begun processes to audit the Trust to improve its operations. The exercise is among others expected to inform the managers of SSNIT on the current position of the pensions’ regulator. It is also expected to give an understanding of what new measures ought to be implemented to make the Pension Trust ...

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GRA to sell off Vodafone assets within 14 days over tax default

Vodafone

The Ghana Revenue Authority (GRA) has served notice that it will be compelled to sell off the assets of National Communications Backbone Company (NCBC) within the next fourteen days should the company fail to provide proof to benefit from capital gains tax reliefs. The NCBC, which is a subsidiary of Vodafone Ghana is reported to have defaulted in capital gains ...

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Premium bank opens new branch,introduces innovative products

Premium Bank

Premium Bank brought premium banking to the people of Makola with the opening of its new branch, alongside the introduction of some of its innovative products and services; Jara, Premium CASA-Plus Account, Business Current Account and Premium Mobile, designed to cater for the individual and business needs of the market men and women. Since its launch in December 2016, Premium ...

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Banks’ loans to private sector increase by 45% in April – BoG report

Banks

Banks have begun easing out their stance on credit to the private sector following declining interest rates. The Bank of Ghana’s latest Banking sector report reveals that the credit allocation by banks increased from April 2016 to April 2017. Net loans and advances to the private sector by the commercial banks (which is total loans to customers, reduced by possible ...

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MTN reaching underserved areas through telephony solution

MTN

MTN Ghana, a telecommunications service provider is leading the digital revolution in Ghana with the increment of 4G sites, fibre optic extension and a rural telephony solution for underserved areas. Mrs Cynthia Lumor, Corporate Services Executive of the Company said 197 4G sites would be added this year to augment the existing 475 to meet the increasing demand for high-speed ...

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Ghanaian Businesses explore investment opportunities in US

Investment Summit

Eight companies from various industries across Ghana are participating in the 2017 SelectUSA Investment Summit in Washington D.C from June 18-20, ton, D.C, to explore opportunities in the United States. The Summit is the highest profile event to connect global companies and U.S. Economic Development Organizations (EDOs) to facilitate business investment in the United States. This was announced in a ...

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Gov’t to reverse vegetable export ban

The Ministry of Food and Agriculture is working with stakeholders to have the ban on vegetable exports to the European Union (EU) lifted in the next three months. Minister for Food and Agriculture, Dr Afriyie Akoto, gave the assurance recently. The ban was imposed on some vegetables exported to the EU as a result of the failure of exporters to ...

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African Banks and Finance Institutions urged to get involved in Mining Finance

African Banks

Dr Toni Aubynn, the Chief Executive of the Minerals Commission, has advised African Banks and Finance institutions to get involved in the provision of capital to local mining entrepreneurs. This would ensure an optimised benefit of mining to Africans. Speaking as a panelist on the topic: Private Sector Participation in Mining: Addressing Challenges to Doing Business in West African Countries ...

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Let’s buy GOIL products – Deputy Minister

Goil

Mr Evans Opoku-Bobie, the Deputy Brong-Ahafo Regional Minister, has said the Ghana Oil Company Limited (GOIL) needs more customers to be able to contribute significantly to nation building. He said as a wholly state-owned energy company, GOIL could make meaningful contributions and give back to society there is an increase in the company’s revenue inflows and profit margin. The company, ...

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I want to build the most business-friendly economy in Africa – Akufo-Addo

Business-friendly economy

President Nana Addo Dankwa Akufo-Addo has stated that his government’s priority was to build the most business-friendly and people-friendly economy in Africa, which would create jobs and prosperity for all Ghanaians. Speaking at the opening of the 2017 European Development Days Conference in Belgium on Wednesday, the President stressed that, that push by his government would be achieved through harnessing ...

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