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 ...

Oil prices fell on Monday to their lowest in more than a year, dragged down by worries about lower demand in top crude importer China after a new coronavirus outbreak spread from there to about 20 other countries. Brent crude was at $56.26 a barrel by 9.26 am GMT, down 36 US cents. Prices dropped by more than a $1 ...

Ghana’s cedi, the world’s best-performing currency against the dollar this year, extended its advance on Monday as investors await a Eurobond sale that would bolster the government’s coffers. The currency of the world’s second-biggest cocoa producer has strengthened 3.9% in 2020, the most among more than 140 currencies tracked by Bloomberg, a turnaround from last year, when it weakened 13%. ...

De Europese Commissie wil fabrikanten van mobiele telefoons gaan verplichten die in de EU te leveren met een universele oplader. Ze bereidt een wetsvoorstel voor dat in het derde kwartaal van dit jaar voorgesteld wordt, zo staat in het vandaag gepresenteerde werkprogramma van de Commissie. De maatregel moet de opstapeling tegengaan van snoeren en stekkers die in vrijwel elk huishouden ...

The Ministry of Foreign Affairs and Regional Integration has announced new fees for the services they provide. The Ministry in a release said the new fees were approved by Parliament and it will take effect from February 1, 2020. The Ministry also announced that they have introduced a 48-page Passport Booklet. The new fees have seen the ordinary 32 pages ...

The Vice-President, Dr Mahamudu Bawumia, has said that the government will not be tempted by the election-year fever to embark on projects outside its approved budget for the year to forestall budget overruns. He said the government was conscious of and determined to maintain fiscal discipline and that most of the projects that it wanted to undertake had already been ...