Business

Ghana GDP Annual Growth Rate( 2015-2018): Ghana’s Economy continues to be Service Base Economy; It should be a great concern to Policy Makers

Ghana’s economy grew 6.8 percent year-on-year in the first quarter of 2018, easing from a 8.1 percent gain in the previous period. It was the weakest expansion since the first quarter of 2017, as the industrial sector and agriculture slowed. On a quarterly basis, the gross domestic product expanded 1.5 percent, slowing from a 2.1 percent growth in the prior ...

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Vodafone makes two senior management appointments

Vodafone Ghana has announced two key Senior Management appointments as it continues to chart a leadership course in innovation and creativity across the Telecommunications landscape. Following its entry into the industry, Vodafone has been at the forefront of a transformational agenda, introducing dynamic products and services for customers and maintaining a key voice in thought-leadership. The appointments are to provide ...

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Equity market post mixed results

Equity market indices posted mixed performances, with the index for the financial sector weighed on by speculative actions, profit talking and heightened uncertainties ahead of the deadline for the new minimum capital requirements for banks. The benchmark index, on the other hand, surged on the back of the price advancement in the heavy capitalised telecommunication stock. At the closing bell ...

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Exciting times await banking sector in 2019 — PwC

In spite of what many experts have described as a big turmoil in the financial services sector, PricewaterhouseCoopers (PwC) is predicting exciting times for the banking industry next year. To be driven by digitisation, the international auditing firm is optimistic that the sector, which is now reeling under some serious challenges, will experience growth and exciting innovations, basing its argument ...

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Bank fraud up by 42% in just a year – BoG

Between 2016 and 2017, fraud cases in the banking sector increased by 41.66 per cent from 1,002 cases in 2016 to 1,418 cases in 2017, the Bank of Ghana (BoG) has disclosed. The total value reported for fraud or attempted fraud, according to the BoG amounted approximately to GH¢190.4 million. Of the total value, GH¢160.30 million, representing 84 per cent, ...

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Ghana-Chinese Bauxite Deal must be given a second Look

  The Second Edition of the Citi Business Forum with the theme “After China, What Next” saw the assembled of great Academicians, trade experts and government representatives to discuss in-depth, the prospects the future holds and all it entails for doing business with a Civilized and developed country like China. The Panel members for the event included; Dr Lloyd Amoah ...

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Finance Minister charges GRA to recover GH¢4.4bn from tax defaulters

The Minister of Finance, Mr Ken Ofori-Atta, has asked the Ghana Revenue Authority (GRA) to go all out to enforce tax laws to help recover GH¢4.4 billion from 427 corporate tax defaulters and other entities. He disclosed that companies in the Customs Division of the GRA owed GH¢4 billion while others in the Domestic Tax Revenue Department (DTRD) also had ...

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INFLATION RATES FOR AUG 2018: IMPLICATIONS FOR YOU AND ME

Inflation is generally the increase in the overall prices of goods and services within a region or area. When there is inflation purchasing power reduces. Purchasing power deals with the ability of the financial resources a person has to purchase a certain amount of goods or acquire certain services. Simply put, in times of inflation you cannot buy the same ...

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Wives have equal share in husbands’ properties even if they contribute nothing towards acquiring them – Lawyer

At a glance: All properties acquired by a husband technically belong to their wives too You cannot will a family land to your children even if you have properties on them because you only have “life interest” in them and not a “succession interest” – your interest ceases when you die When you develop a family property that is not shared among ...

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