Business

The Association of Ghana Industries (AGI) wants the government to immediately put the implementation of the three percent VAT flat rate on hold. AGI wants government to get back to the consultation table with stakeholders to address their concerns before going ahead with the implementation. The VAT flat rate came …

Energy Minister Boakye Agyarko has said it is illegal for workers of the Electricity Company of Ghana (ECG) to sell meters to consumers. This comes on the heels of complaints by some customers over how cumbersome it is to acquire a meter and, worse of all, having to part with …

COCOBOD has suspended the much criticized construction of cocoa roads after an interim audit revealed a lot of discrepancies in the project, its Chief Executive, Joseph Boahen Aidoo disclosed. According to him over 230 different road contracts were awarded under the previous regime to the tune of over GH?3.5billion, way …

Rates on short-dated government securities have taken their free fall to another level, hitting a five-year low on June 23, this year. Buoyed by the current stable inflation and foreign exchange rate regime, rates on the benchmark 91-day treasury bill (T-bill) dropped from 25.19 per cent on July 13, 2015, …

Business magnate Alfred Agbesi Woyome and his associates have denied calling on the Social Security and National Insurance Trust to take a quota in any of their on-going projects. In a statement sighted by Ghanapoliticsonline, Anator Holdings company limited says it has referred the issue to its lawyers for advice …

The Minority in Parliament has criticised the government for negotiating about $19 billion with China and indicated that the loan would plunge the country into a Heavily Indebted Poor Country (HIPC) status. Interacting with journalists in Accra last Tuesday, the Minority Spokesperson on Finance, Mr Cassiel Ato Baah Forson, said …

Tullow has announced that its final round of Jubilee shutdown would not last for more than 12 weeks. The announcement was contained in the company’s trading statement and an operational update issued Wednesday morning. Tullow also disclosed in a press release on Wednesday that the Tweneboa Enyenra and Ntomme (TEN) …

The National Petroleum Authority (NPA) has indicated that it will pursue two companies, Movenpiina and Zup Oil, who are operating without licence. According to the NPA, the two entities have violated the NPA Act, Act 691, 2005, hence must be sanctioned.   A statement issued by the Acting Chief Executive …

The National Petroleum Authority (NPA) has asked the motoring public to exercise restraint and be assured that the said contaminated fuel the Bulk Oil Storage and Transportation (BOST) Sold to Movenpiina and subsequently to Zup Oil has not hit the market as reported. Assuring the public as regulators that none …

The Minority in Parliament is calling for the interdiction of the Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Alfred Obeng, over the sale of contaminated fuel to Movenpiina Energy. According to the opposition National Democratic Congress (NDC), the transaction has led to a financial loss …