Business

Facebook admits it ‘made mistakes’ after top exec appeared at Kavanaugh hearing

Facebook has admitted it “made mistakes” after a top executive was seen attending Judge Brett Kavanaugh’s congressional hearing, reportedly prompting outrage from employees. Joel Kaplan, the head of global policy at Facebook and a long-time friend of Judge Kavanaugh sat two rows behind the nominee as he testified regarding allegations that he sexually assaulted Christine Blasey Ford while in high school. Employees saw ...

Read More »

US markets have a trade war edge over China: Commodities

With the American markets on a tear and Chinese shares on a downturn, it appears that U.S. stocks are weathering the escalating trade war far better than China’s. One reason for the trend is due to Chinese markets’ exposure to non-energy commodities, according to a study published in August by Axioma, a risk and performance analytics provider. “The tariff spat caught China more exposed to changes in broad non-energy ...

Read More »

3 ‘big’ economies slow down growth in sub-Saharan Africa

The World Bank has described growth in sub-Saharan Africa as very slow in the October edition of the Bank’s biannual report dubbed, Africa’s Pulse. The region recorded a growth of 2.7 percent, in 2018 which is a 0.4 percent rise from the 2.3 percent recorded in 2017. The Bank has attributed the marginal growth to the sluggish expansion in the ...

Read More »

PURC begins review process for 2019 tariffs

The processes for the review of tariffs have begun with a directive to the utility companies to make their proposals available in order for it to be captured in a newly developed template for the Public Utilities Regulatory Commission (PURC). The utility companies have up to the end of October 2018, to make their input into the template and submit ...

Read More »

GRA deploys tax officers to enforce tax stamp

The Ghana Revenue Authority (GRA) has created all the needed condition for stakeholders to comply with the tax stamp directives but some firms have remained unconcerned, the Chief Revenue Officer at the GRA and the Head of Excise Unit, Mr Kwabena Apau Anto, has said. He said the officers of the GRA would be stationed at the various factories for ...

Read More »

Cut expenditure, corruption to reduce debt stock – ISSER

The Institute of Statistical Social and Economic Research (ISSER) of the University of Ghana has called on the government to focus on tackling the country’s growing public sector debt. The Institute says failure to meet domestic revenue mobilization targets, coupled with increasing government expenditure makes it difficult to deal with the debt situation. Presenting ISSER’s State of the Ghanaian Economy 2017 ...

Read More »

Gov’t eyes Chinese firm to build new Parliamentary block

Government is close to awarding China State Housing Company the contract to build the new chamber block of Ghana’s Parliament, Speaker of Parliament Prof. Aaron Mike Oquaye has disclosed. According to the Speaker, the likelihood of such a decision was reinforced during president Akufo-Addo’s visit to China recently. “We are looking forward to their working as contractors further on this ...

Read More »

The baobab ice cream …an innovation from Salomey Ankrah

son

People from all over Africa have cherished the mysterious baobab tree. It grows in 32 African countries and is said to live for up to 5,000 years. Yes, 5,000 years. It is known as the symbol of life. It is a succulent plant, which means during the rainy season, it absorbs and stores water in its vast trunk, enabling it ...

Read More »

Mcdan Group CEO wins CIMG Man of Year

The Chief Executive of Mcdan Group, Daniel Mckorley and Managing Director of  Internet Solutions, Yvette Atekpe  have been named  Marketing Man of the year and Marketing Woman of the  year, respectively by the Chartered Institute of Marketing, CIMG awards. They were named at an even organized by the CIMG over the weekend. Mr. David Afflu of PZ Cussons and John ...

Read More »

IMF highlights emerging threats to Ghana’s programme in review statement

An official statement issued by the IMF after completing the seventh review visit to Ghana, the Fund has highlighted key threats to the country’s ongoing programme. The Fund, for instance, took issues with Ghana’s figures in terms of revenue generation, expenditure and tax exemption measures. The review statement, published below, was, however, quick to add that authorities remain strongly committed ...

Read More »