Tullow Ghana Lays off 10% of its Workforce
Tullow Ghana has laid off ten percent of its workforce this year due to restructuring. Speaking to GBC24 Business News when the company took its turn at the Facts Behind the Figures Forum in Accra, the Managing Director of Tullow Ghana, Kweku Awotwi said the downsizing focused largely on the cost factor. He explained that […]
Trump sharpens attack on Federal Reserve
US President Donald Trump has sharpened his attacks on the Federal Reserve, saying it posed the biggest risk to the US economy. He also targeted Fed chairman Jerome Powell, telling the Wall Street Journal he seemed “happy” to be raising interest rates. Mr. Trump has repeatedly criticized the US central bank for raising interest rates. […]
Japanese Nano Technology Company to establish plant in Ghana
The Ghana Standard Authority (GSA), is collaborating with Japanese Company, M-TechX International to initiate standardisation and commercialisation of Nano Technology across all industries in Ghana and Africa. The Technology involves the use of fibre for oil and gas and medical cleaning. Speaking to Business News at the launch of its warehouse in Accra, the Business […]
Court strikes out name of one defendant in defunct uniBank case
An Accra High Court hearing the case between the receiver of defunct UniBank, Nii Amanor Dodoo and shareholders of the bank has struck out the name of one of the defendant, Clifford Duke Mettle. Mr. Mettle was an executive director of uniBank until the Bank of Ghana revoked its license this year. The action, according […]
'Controversial' Cargo Tracking Note Policy takes off
The Controversial Cargo Tracking Note, CTN, takes effect from Monday, October 15, 2018, despite a law suit by Freight forwarders. All shipments to Ghana, including Transit Cargo, Shippers, Exporters and Freight Forwarders at Ports of Loading around the world are required to obtain a validated CTN number. The Ghana Revenue Authority is however unwavering in […]
Ghana Standard Authority set to carry out on building use by Public
The Ghana Standards Authority (GSA) has called for a stress test to be carried out on all buildings and properties used by the public within the next twelve months to ensure safety which include all government offices, banks, private businesses, malls, markets, churches and mosques. The Director-General of the GSA, Professor Alex Dodoo, who made […]
Ghana Airports Company seeks approval to prepare account in dollars
The Ghana Airports Company Limited (GACL) says it is seeking approval from the Ghana Revenue Authority to allow it to prepare its accounts in dollars. Speaking to GBC Business news Wednesday in Accra, the Managing Director, John Attafuah said this will enhance the company’s operations following fluctuation of the local currency. He noted that,’’when loans […]
Sub-sahara Africa score 2.7% in Growth though slower than expected
Growth in the Sub-Saharan Africa region, is picking up despite the estimated marginal increase of 2.7 % as compared to 2.3 % in 2017. According to the World Bank Africa Pulse report, the improved but slow growth is partially a reflections of a less favourable external environment for the region a financial market pressures intensify […]
GRA stations Tax Stamp Enforcement Team at Companies
The Ghana Revenue Authority, GRA, has stationed officers of its Enforcement team from the Excise Tax Stamp at various production houses of Bottled Water and Beverages in the capital. This is to ensure that products without the excise tax stamps affixed do not enter the market. The excise tax stamp Act 2013, Act 873 requires […]
Ghana Post tasked to integrate emergency number to digital system
Government has tasked operators of the Ghana Post Digital Addressing System to integrate the new Emergency Number 112 to digital system to ensure easy identification of locations in case of emergency. The move is to enable the police, fire and ambulance services to speedily locate persons and properties when the need arises. Vice President Mahamudu […]