Business

Vivo Energy, Engen Holdings enter share transaction

vivo energy

VIVO ENERGY Holding BV (Vivo Energy) has agreed to enter into a share transaction with Engen Holdings (Pty) Limited (Engen Holdings), a 100% subsidiary of Engen Limited, in relation to the purchase of shares in Engen International Holdings (Mauritius) Limited (Engen International Holdings) for the exchange of a shareholding in Vivo Energy, with a possible cash element. The transaction is ...

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AirtelTigo to sell 25% shares to Government

AirtelTigo

THE MINISTER of Communications, Mrs Ursula Owusu-Ekuful, has stated that the government is yet to decide which tool to use to acquire 25% shares in AirtelTigo. According to the Minister, the government has an embedded option to purchase up to 25% of the shares of the merged entity within two years and so the opportunity is there for them to ...

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Ghana’s Public Sector Reforms approved by IMF

Public Sector Reforms

The International Monetary Fund (IMF) has approved the Public Sector Reforms for Ghana to be implemented in 2018. The reforms are part of efforts to reduce the bureaucracies in Ghana’s public sector and improve efficiency. The Fund has been critical of Ghana’s rising public expenditure which it contends has partly contributed to some economic challenges in terms of rising public ...

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Dr Thomas Mensah cautions government on ‘one district ,one factory

Dr Thomas Mensah

Dr Thomas Mensah Renowned US-based Ghanaian Scientist, Entrepreneur and Innovator of Fibre Optic Technologies, Dr Thomas Mensah, has lauded the government’s initiative of establishing a factory in each district to reduce the high unemployment rate. He, however, says the initiative can be sustained when the country is able to build a high-speed train system to easily link the districts. Dr ...

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What the 2018 Budget Say about Taxes

Taxes

Government promised in the 2017 Budget to remove some taxes to free additional capital for businesses and provide relief to consumers. In line with this, the following taxes were abolished: one percent Special Import Levy imposed on imported raw materials and machinery; 17.5 percent VAT/NHIL on Financial Services; 17.5 percent VAT/NHIL on domestic airline tickets; Excise duty on Petroleum; Import ...

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How Africa’s economic growth rides on wireless rails

economic growth

A telecommunications boom is lifting an industry and a continent. In Kenya, hundreds of thousands of people are rising out of poverty as mobile-money services turn subsistence farmers into businesspeople. A similar dynamic drives Ethiopia, the fastest-growing economy in Africa, where the gross domestic product is forecast to climb 8 percent in 2019. Borrowing costs in Ghana plummeted almost 2.5 percentage points during the ...

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Over 20 Finish Businesses to  Invest in Ghana

Finish Minister to Ghana

Ghana and Finland are taking trade relations to the next level in the coming days with the Finish Minister for Foreign Trade due in the country next week. Pirjo Suomela Chowdhury Ghana and Finland are taking trade relations to the next level in the coming days with the Finish Minister for Foreign Trade due in the country next week. He ...

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Consumer price inflation falls to 11.6 pct in October

Consumer Price

The annual consumer price inflation fell to 11.6 percent in October from 12.2 percent the previous month on the back of lower transport and health costs, the statistics office said on Wednesday. The major commodity exporter is following a $918 million credit programme with the International Monetary Fund that aims to restore fiscal balance and narrow inflation to 8 percent ...

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Ghana’s eCommerce to Gather in Accra to Mark 4th Expo

ecommerce expo

Ghana’s burgeoning online business community will once again meet in Accra for the 4th Ghana eCommerce Expo and Conference on 23-24 November 2017, under the theme, “Shaping Ghana’s eCommerce Landscape through Innovation, Regulation and Adoption. Together”. This important annual gathering of leading e-commerce retailers, fintechs, digital payment platforms, telcos, digital banks, Internet Service Providers, mobile app developers, cybersecurity firms and ...

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2018 budget to improve domestic revenue collection

new tax initiatives

Finance Minister, Ken Ofori-Atta has stated that the 2018 budget which will be presented in parliament later this month will use innovative ways to improve domestic revenue collection for economic development. This follows calls from the Institute of Fiscal Studies, urging government to use the 2018 budget to improve tax collection by broadening the tax base. Speaking at the 38th ...

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