Business

Demo looms over luxury vehicle tax

THE VEHICLE Asset Dealers Association of Ghana (VADAG) has threatened to embark on a demonstration if government fails to withdraw the Luxury Vehicle Levy (LVL) imposed on vehicle owners and importers. According to the Luxury Vehicle Act, 2018 (Act 969), vehicle with engine capacity ranging from 2.9L to 3.0L were charged GHc1,000; capacities ranging from 3.5L to 4.0L were also ...

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Adom FM presenter Ohemaa Woyeje resigns

A leading female presenters at Adom FM, Ohemaa Woyeje, has resigned from the station, YEN.com.gh can report. According to Ohemaa Woyeje, her six-year stay with Multimedia Group, owners of Adom FM, “has officially come to an end today 31st January 2019.” In a post on Instagram, Ohemaa who thanked God for her talents praised Kwesi Twum, owner of Multimedia for ...

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$670m support to stabilise cedi laudable – Prof. Peter Quartey

Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Peter Quartey, has described as a move in the right direction, the decision by the Bank of Ghana to use six hundred and seventy million dollars ($670,000,000) to stabilize the cedi. The Governor of the Bank of Ghana, Dr Ernest Addison revealed that the amount was used ...

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Ghana’s town planning system is best for sky trains – Joe Ghartey

The Minister of Railway Development, Joe Ghartey has debunked assertions that the country’s current town planning system would not support modern sky train infrastructure. He said experts are of the view that sky train infrastructure is the most economical and easiest compared to other rail transport infrastructure. “The thing [is] that, inside the city of Accra, it will be difficult ...

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EOCO storms Stonebwoy and Shatta Wale’s houses

Officials of the Economic and Organised Crime Office (EOCO) will by the close of today January 30, 2019 visit the homes of Zylofon Media signed artistes including Stonebwoy and Shatta Wale to recover some properties of Nana Appiah Mensah popularly known as NAM 1, MyNewsGh.com has gathered. Our sources say officials of EOCO in the company of armed policemen will ...

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Public debt now GHC172.9 billion

Data from the Bank of Ghana (BoG) shows that the public debt stock rose from GHC139.3 billion in November 2017 to GHC172.9 billion in November last year. This represents a 24.1 per cent growth within the 12-month period. In nominal terms, it shows that the country added GHC33.6 billion to the debt stock within the period. As a per cent ...

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Government signs US$436m affordable housing deal

Government has signed an agreement with the United Nations Office for Project Services (UNOPS) for the construction of at least 100,000 affordable homes across the country. As part of the agreement, UNOPS and its partners are looking to attract US$436 million worth of investment to deliver the affordable homes. According to a press statement issued by UNOPS, the agreement is ...

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Tema Port expansion agreement flawed – MDU

National Executive Council of the Maritime and Dockworkers’ Union (MDU) has said the concession granted Meridian Port Services (MPS) to construct a new Container Terminal in the Tema Port did not follow due process. The Council is of the opinion that as a result of unwarranted political interference, the concession agreement did not go through competitive bidding before it was ...

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Data Protection Commission to participate in Global Data Protection Week

The Data Protection Commission has announced its participation in the Global Data Protection Week from January 28 to February 1. The event, under the theme “A New Chapter in Enforcing Accountability and Empowering Data Subjects,” comes along with national activities scheduled throughout the week. In a press release, the DPC explained, “personal data in the wrong hands can cause great ...

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