Registrar-General’s Department to delete names of dormant companies beginning April 2019
The Registrar-General’s Department is to delete the names of all dormant companies on its register beginning April 2019, as part of a large-scale cleaning-up of its database. The Registrar General Jemima Oware made the announcement at the Ghana Association of Restructuring and Insolvency Advisors’ (GARIA) end of year cocktail in Accra . According to Madam […]
National Insurance Commission to set first quarter of next year to increase minimum capital requirement.
The National Insurance Commission has now set the first quarter of next year as a new date for announcing the increase in the minimum capital requirement for Insurance firms. Earlier this year the Commissioner indicated that it will increase the minimum level from about 15 million Cedis before the end of this year. There were […]
Ghana’s total debt hits GH¢159.4 billion
New data released by the Bank of Ghana puts the country’s total debt by July at GH¢ 159.4 billion Cedis , representing 65.09% of GDP. The external component of the debt stood at 18.02 billion U.S dollars, while the domestic debt hit 73.08 billion Cedis . The data which was published after the Monetary Policy […]
Increasing Inequality, Undermining Fight Against Poverty Launched
Oxfam estimates that just one of the richest men in Ghana earns from his wealth more in a month than one of the poorest women could earn in 1000 Years. According to Oxfam, inequality is slowing down poverty reduction, hampering economic growth and threatening social cohesion. In a research conducted by Oxfam with its partners […]
