Business News of Wednesday, 5 July 2023 Source: rainbowradioonline.com File photo of ECG Prepaid Meters The Electricity Company of Ghana (ECG) has announced the launch of a new nationwide revenue mobilisation initiative known as “Operation Zero.” The exercise will begin on July 11 and end on September 11, 2023, according to the company. According to an ECG statement, the two-month ...
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Capital Bank case: Court orders Ato Essien to pay outstanding GH¢12 million by July 27
Business News of Wednesday, 5 July 2023 Source: starrfm.com.gh Founder of defunct Capital Bank, William Ato Essien Convicted William Ato Essien, the founder of the defunct Capital Bank has been given at least up to July 27 to redeem his first installment of GH¢20 million to the State. It has emerged in Court on Tuesday, July 4, that Mr Ato Essien has ...
Read More »Court of Appeal overturns Accra High Court decision to start Opuni and Agongo trial afresh
Former COCOBOD boss Dr. Stephen Kwabena Opuni The Court of Appeal has reversed the decision of the Accra High Court to conduct a fresh trial for former COCOBOD boss Dr. Stephen Kwabena Opuni and businessman Seidu Agongo. Today, July 3, a three-member panel of the court delivered a unanimous verdict, stating that the trial High Court had erred in ...
Read More »Attorney General heads to Parliament to amend laws for adoption of evidence amongst others
Attorney General and Minister of Justice, Godfred Yeboah Dame Minutes after securing a favourable judgement from the Court of Appeal in the Opuni and Agongo cases, the Attorney General and Minister of Justice announced he is heading to Parliament soon with a new Bill for Ghanaian judges to adopt proceedings in criminal trials in the event that another judge is unable to ...
Read More »GRA educates freight forwarders on new tax laws
Business News of Thursday, 22 June 2023 Source: Eye on Port Freight forwarders The Ghana Revenue Authority has met with members of the Ghana Institute of Freight Forwarders in Tema, to educate them on new tax laws introduced this year. The Revenue Authority deemed it crucial to engage freight forwarders on the nuances of these tax laws due to the indispensable role the ...
Read More »Inflation expected to reduce in coming days due to improved economic factors – Ofori-Atta
Business News of Monday, 19 June 2023 Source: www.ghanaweb.com Finance Minister, Ken Ofori-Atta The Finance Minister, Ken Ofori-Atta, has stated that inflation is expected to reduce as some economic factors and indicators have shown some improvements. According to him, the rise in the inflation rate for May 2023 can be attributed to the introduction of new taxes and utility price adjustments. Therefore, ...
Read More »FULL TEXT: Ofori-Atta’s update on Ghana’s IMF programme and growth agenda
Business News of Monday, 19 June 2023 Source: www.ghanaweb.com play videoFinance Minister, Ken Ofori-Atta Introduction 1. Good Afternoon, Ladies and Gentlemen of the Media as well as everyone joining us on the various social media platforms. I thank you sincerely for honouring our invitation to this Press Conference. Let me say HAPPY FATHER’S Day to all men and fathers for the ...
Read More »Afreximbank disbursed US$7 billion to assist African economies – Ofori-Atta
Business News of Tuesday, 20 June 2023 Source: www.ghanaweb.com Finance Minister, Ken Ofori-Atta When the world was hit by the global pandemic – coronavirus – it had dire consequences on some economies, of which African economies were no exception. African countries, including Ghana, had its economy in a wobbling state for quite some time and just as the government put in ...
Read More »FULL TEXT: BoG Governor’s remarks at Afreximbank AGM stakeholder side event
Business News of Tuesday, 20 June 2023 Source: www.ghanaweb.com BoG Governor, Dr. Ernest Addison 1. Once again, a very warm “Akwaaba” to the vibrant city of Accra, and let me extend my heartfelt congratulations to AFREXIMBANK on their remarkable 30-year commitment to Africa. No doubt, AFREXIMBANK’s dedication and efforts have impacted positively on the continent’s economic progress and l am thankful ...
Read More »IMF deal: Ofori-Atta talks up urgent reforms
Business News of Tuesday, 20 June 2023 Source: thebftonline.com Finance minister Ken Ofori-Atta Minister of Finance Ken Ofori-Atta has emphasised the crucial need for reforms to be accompanied by a sense of urgency, in line with the US$3billion 3-year International Monetary Fund (IMF) Extended Credit Facility. The reforms focus on expenditure controls, non-arrears accumulation, revenue growth, improved revenue collection by the Electricity ...
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