Author Archives: edwardkanawu

FLASHBACK: Bank of Ghana to crack down on money doublers

The Bank of Ghana (BoG) warned the general public against the practice of “Money Doubling”, “Card Loading” and “Credit Card Loading Systems” in October 2020. The bank stated that any act that involves the deposit of money must be undertaken by a licensed deposit-taking institution. Therefore the public must be careful not to fall victim to these schemes. “The invitation ...

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Ghana has discovered iron ore deposits in Oti Region – Minister

Business News of Monday, 10 October 2022 According to the regional minister, Joshua Makuba, the discovery of the natural resource will transform the domestic economy and increase Ghana’s export potential. Speaking with journalists at the Minister’s Press Briefing in Accra on October 9, 2022, the regional minister said, “I want to advise people in Accra to start looking for land ...

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Dennis Aboagye Miracles joins Dr. Bawumia on tour of Northern Regions

The Director of Local Government Services at the Office of the President, Dennis Miracles Aboagye has joined the Vice President, Dr. Mahamudu Bawumia, for the 2nd leg of his working tour of the north. The Vice President has been touring the northern part of the country inspecting and commissioning projects, and has also been briefing local government officials and party ...

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Proceeds from E-Levy hit GH¢328m – GRA

Management of the Ghana Revenue Authority (GRA) says the Electronic Transactions Levy (E-Levy) has raked in GH¢328 million from the Tax Measure since its implementation. The Commissioner-General of the GRA, Rev. Dr. Ammishaddai Owusu-Amoah, who made this known at a meeting with Business Editors in Accra, said GRA continues to witness increases in sums collected monthly. “We continue to see ...

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Gemeenten creëren veel te weinig beschut werk: ‘Onacceptabel’

Het schiet nog niet op met het creëren van genoeg beschutte werkplekken voor mensen met een beperking. Gemeenten krijgen geld van het rijk om dit te regelen. Toch maken ze er lang niet altijd werk van, blijkt uit onderzoek. “Onacceptabel.” Kwetsbare mensen blijven zo op de bank zitten. Bij de invoering van de Participatiewet in 2015 is afgesproken dat gemeenten ...

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$1.13bn syndicated loan to help Ghana reach 850,000 metric tonnes target – COCOBOD

As part of efforts to boost cocoa production through the purchase of cocoa beans, the Ghana Cocoa Board (COCOBOD) has signed a $1.13 billion syndicated loan for the 2022/2023 cocoa crop season with some banks. The banks are; Ghana International Bank, French Investment Bank – Natixis, Standard Chartered Bank, Rabo Bank, Commercial Bank of China and Japanese Bank, MUFG. The ...

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I will never do anything to hurt the NPP – Wontumi on ‘galamsey’ allegations

Politics of Wednesday, 5 October 2022 Ashanti Regional Chairman of the ruling New Patriotic Party (NPP), Bernard Antwi Boasiako, a.k.a. Chairman Wontumi, has denied allegations that he is involved in illegal small-scale mining (‘galamsey’). He said that he will never do anything to hurt his company or ruin the image of his party, the NPP, adomonline.com reports. The regional chairman added that if ...

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Government assures of financial sector safety

Business News of Thursday, 29 September 2022 Amid discussions on a sustainable debt path for the country, Finance Minister Ken Ofori-Atta has assured that the domestic financial sector will be protected during discussions at IMF negotiations. Currently, the International Monetary Fund (IMF)/World Bank and the Ghana Team are undertaking a debt sustainability analysis (DSA) to inform the programme negotiations, given that having a sustainable ...

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