News

Profile of Dr. Thomas Mensah, the Black Genius

Dr Thomas Mensah

“>Dr. Thomas Mensah is an internationally recognized authority in Fiber Optics and Nanotechnology. He is a renowned scientist and inventor with 7 USA and worldwide patents in Fiber Optics over a period of six years. He has at least 14 patents to his name, in general,  He is the first black person to receive such number of patents in a ...

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Former World Bank Vice warns………….

Professor Yifu Lin on Ghana

A former senior vice president at the World Bank, Professor Yifu Lin, has warned that Ghana risks losing out on huge investments if it fails to embark on drastic economic reforms. Ghana recently dropped 12 places in the latest World Bank Ease of Doing Business report. Prof Lin believes such reforms could attract the relocation of light manufacturing firms from ...

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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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Seth Terpker mocks Akuffo – Addo government.

Seth Terpker

Former Finance minister Seth Terpker is mocking the Akufo-Addo government for still borrowing despite assurances, while in opposition, that they would not borrow for development when in government. According to the Central Bank, the total public debt for the country as at May this year reached ¢137 billion putting the debt-to-GDP ratio at 67.5%. He said”We were told there wouldn’t ...

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#2018GHBudget: The end of graduate unemployment – Ofori-Atta

graduate unemployment

In an effort to curb graduate unemployment, the government will soon introduce the Nation builders corps which will address issues of graduate unemployment. Presenting the 2018 Budget Statement and Economic Policy on Wednesday, Ken  Ofori-Atta said: “We have returned to robust growth with a real GDP growth of 7.8%…We have reduced inflation, and October inflation of 11.6% from 15.4% end ...

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Minority on 2018 Budget presentation

2018 Budget

The Minority National Democratic Congress (NDC) Members of Parliament (MPs) have cautioned that they will resist any attempt by the government to impose tax indiscriminately on anything including house-keeping money, known in the local parlance as ‘chop money’ if it is introduced in the 2018 budget. The government intends to introduce taxes on mobile money transactions by all the network ...

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Economist Caution Finance Minister against fuel revenue

Fuel Revenue

As the Finance Minister Ken Ofori Atta prepares to present the 2018 budget statement before parliament tomorrow, some financial observers have cautioned against ambitious oil revenue projection. According to them, previous experiences must serve as a guide to the government as Ghana has no control over the price of oil. In the 2017 mid-year budget review presented by the Finance ...

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Airtel and Tigo now AirtelTigo

Airtel-Tigo

Airtel and Tigo, leading providers of mobile telecommunication services in Ghana, have announced the launch of a joint brand that will advance their commitment to providing the best mobile and fixed telephony service and solutions to consumers and businesses. The talents, technologies and tactical expertise of Airtel and Tigo are now unified as AirtelTigo. At a staff durbar where the ...

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Anas partners Klarity to combat Corruption

Corruption

Anas’ Tiger Eye Foundation has announced a partnership with Klarity AB, an online community where activists can anonymously crowdsource video-based evidence against corruption issues in their local neighbourhoods. Tiger Eye will be working with Klarity during the pilot launch to build up its online community of users and assist in collaboration with local authorities. As of today Tiger Eye is ...

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Ghana to Receive $100m from IMF

IMF

The International Monetary Fund (IMF) is expected to disburse the 5th tranche of the Extended Credit Facility (ECF) to Ghana within the coming weeks. It follows the fifth review of Ghana’s performance under the program, last week. Business.com.gh understands the Fund has not been very satisfied with government’s missing of the revenue targets considering the ambitious policies being rolled out. ...

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