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Business

Suspend 3% VAT Flat Rate – AGI

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 …

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COCOBOD suspends ‘cocoa roads’ projects

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 …

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T-bill rates hit 5-year low

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, …

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Woyome denies demanding $6bn from government

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 …

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Fuel sale: Interdict BOST MD – Minority

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 …

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