Business

COPEC calls for national dialogue on ‘sustained’ fuel price increases

The Chamber of Petroleum Consumers Ghana (COPEC) is calling for “an immediate national dialogue” on constant fuel price increases that have hit consumers over the past few months. “Ghanaian petroleum consumers have over the past 24 hours been hit with another fuel price increases. Fuel prices across most Major Oil Marketing Companies within the country has seen a marginal increase ...

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See all the GHC3.7bn ‘suspicious transactions’ of uniBank

Accounting and auditing firm, KPMG, has, in its 278-page report on the financial health of now-defunct uniBank, stated that the local bank was enmeshed in “suspicious transactions” to the tune of GHS3.7 billion with withdrawals from a particular account called ‘Other Assets’ by shareholders and their related parties, hitting GHS10.8 billion in value. The Bank of Ghana recently fused uniBank ...

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Three airline operators to help manage national carrier

Ghana is currently in talks with three airline operators as the country nears the establishment of a national carrier. The companies will be responsible for injecting capital and help manage the new entity. Air Mauritius, Ethiopian Airlines and Abu Dhabi Aviation, are currently being considered for the private sector participation. The collapse of the erstwhile Ghana International Airlines has warranted ...

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1D1F: Tomato paste, spices factory to be ready in December 2018

Government’s quest to industrialize the country through its flagship programme One-District-One-Factory has witnessed a major boost as one of the factories registered under the programme is scheduled to commence operations in December this year. The factory, sited in Afienya, is known as Leefound Food Stuff Company Ghana Limited and is a joint venture between two major shareholders; Ghana Rise Food ...

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1D1F: Trade Minister to present bill to parliament to seek tax holidays for factories

National Coordinator of government’s flagship One-District-One-Factory has hinted plans by the Trade and Industry Ministry to present a bill to parliament that seeks to grant factories under the project tax exemptions. The tax exemptions she believed will together with other measures already implemented serve as a great incentive to attract more foreign direct investments in the country, especially under the ...

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Ghana-Cote d’Ivoire to agree on maritime boundary demarcation

Ghana and Cote d’Ivoire are holding the last meeting aimed at implementing the ruling by the Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) on the maritime boundary. The 16-member joint implementation committee constituted by Ghana and chaired by the Senior Minister, Mr Yaw Osafo-Maafo, to oversee the implementation process is having the last meeting ...

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