There is a high expectation among private sector players about a GH¢600 million stimulus scheme for businesses that was launched on Tuesday, May 20, 2020. The GH¢600 million package was officially rolled out at the Jubilee House as part of a raft of government interventions to stimulate the growth of Small and Medium Enterprises (SMEs) in Ghana after theCOVID-19-induced disruptions. ...

An International Trade and Investment Lawyer, Francis Korankye-Sakyi, has said that Ghana has an adequate legal regime on money laundering but the main problem facing it is the satisfactory implementation of the laws. He intimated for example that apart from Act 930 and the supervisory mandate of the Bank of Ghana over the activities of financial and banking institutions, Ghana ...

The Secretary-General of the Trades Union Congress, Dr. Anthony Yaw Baah, says the decision taken by the President of the Republic,Nana Addo Dankwa Akufo-Addo, to lift the 3-week partial lockdown of Accra, Kumasi, Tema and Kasoa was the right one Thanking President Akufo-Addo for “the excellent leadership you have provided us to save us from the horrible situation we are ...

Vice President Dr Mahamudu Bawumia, has urged local industries to take advantage of the coronavirus outbreak to grow their companies in order to create jobs for Ghanaians. He noted that government will play its part to support these local companies achieve their objectives. The Vice President said these on Friday April 17 when he toured three of the local companies ...

Dr Kobby Mensah, an economist and a Senior Lecturer at the University of Ghana Business School, has expressed shock after he bought a single orange for GHS1. Using the shocked emoji, Dr Mensah tweeted on Sunday, April 19 that One “Orange for GHS1.” Meanwhile, Dr Mensah has noted that the December 7 general elections will be based on the kind ...

The government has ordered the suspension of demurrage/detention, storage rent charges on all cargo that arrived at the ports since March 30, 2020, when the lockdown that was intended to deal with the COVID-19, took effect. This comes after the Ghana Union of Traders’ Associations (GUTA) asked the Ghana Ports and Harbours Authority (GPHA) to stop demurrage charging and rent ...

A seven member panel of the Supreme Court presided over by Chief Justice Anin Yeboah has fixed April 22, 2020 to deliver judgement in the suit against the Finance Minister Ken Ofori Atta on the issuance of a 2.25 billion bond. This was after the apex court had refused an applocation from the Commissiin of Human Rights and Administrative Justice ...

he Attorney-General (A-G) has dragged former Finance Minister, Dr Kwabena Duffuor and former 2nd Deputy Governor of the Bank of Ghana (BoG), Mr Johnson Asiama to court over the collapse of defunct uniBank. Dr Duffuor has been charged with money laundering and dishonestly receiving, while Dr Asiama has been charged with willfully causing financial loss to the state. The charge ...

Unidentified owners of unregistered companies came under fire when the Registrar-General’s Department announced that it will clamp down on them provided they do not declare their names and assets. According to the Registrar General, unveiling the true owners of resources was critical particularly for developing countries like Ghana to enable investors to manage risks and feel comfortable investing in the ...

Governor of the central bank, Dr Ernest Addison, has disclosed that the Receivers of collapsed banks and financial institutions have so far recovered GH¢1.4 billion cedis representing only 8 percent in assets of depositors locked up funds. According to him, the recovery progress, in terms of recouping the funds, has rather been slow but says there’s an effort to recover ...