Category: Business

Ghana Drops In Investment Ranking

Ghana dropped nine places to rank 18th position in investment performance in Africa with a net foreign direct investment (FDI) of 3.5 billion dollars in 2016 according to the Africa Investment Index (AII). The AII developed by Quantum Global Research Lab (QGRL) showed that Ghana came down from ranking 9th in 2015 to the 18th position by the end of […]

Artisans Laments Over Shortage Of Bamboo

Artisans Laments Over Shortage Of Bamboo

CEO of New Start for Artisans and Technicians Movement, Mr. Boahen Kofi Philip has called on Ghanaians and stakeholders to plant more bamboo to save the environment. Mr. Boahen Philip speaking in an exclusive interview with News Hunter Magazine’s Kofi Oppong Kyekyeku lamented on how the shortage of Bamboo are depriving them from executing their jobs efficiently. He disclosed that […]

GRA gets e-payment platform

GRA gets e-payment platform

Ghana Revenue Authority (GRA) in partnership with Ecobank and West Blue Consulting has launched an electronic card for the payment of customs duty as tax collector seeks to seal loopholes for tax evasion. The platform dubbed: “The Ghana National Single Window CashXPress Card” is a reloadable pre-paid card that offers a new, convenient and secure way to make trade payments […]

Success of Ghana’s first local dollar bond attributed to better incentives

Success of Ghana’s first local dollar bond attributed to better incentives

An economist, Dr John Gatsi, says the successes chalked by government in the issuance of Ghana’s first domestic dollar-denominated bond was due to what he termed as better incentives provided to investors. According to him, “the fact that the bond was denominated in the dollar was a very attractive strategy for investor.” Government last week raised a total of 94.6 […]

US FDI in Ghana hits $13 billion

US FDI in Ghana hits $13 billion

The American Chamber of Commerce (AMCHAM) Ghana has affirmed the commitment of the US business community to the promotion of trade and investment between Ghana and the United States of America (USA). “With US foreign direct investment (FDI) in Ghana increasing to about US$13 billion as of 2014, we at the chamber say congratulations to the various US companies which […]

GOIL to expand bunkering services

GOIL to expand bunkering services

The Managing Director of Ghana Oil Company Limited (GOIL), Mr Patrick Akorli, has expressed the company’s readiness to extend its footprint in the local bunkering industry. According to him, more opportunities exist in the market because the country is offering less than 20 per cent bunkering services in the country.  That justifies the company’s investments in storage facilities to be […]

Germany persuades Ghana to sign EPA

Germany persuades Ghana to sign EPA

The acting German Ambassador to Ghana, Mr Bernhard Abels, has challenged businesses in the country to push more for the government to sign the Economic Partnership Agreement (EPA) before the October 1, 2016 deadline. According to him, the implications of the country not signing the EPA were not just on its export fortunes, but also impacted negatively on the business […]

WAPCo cuts gas supply to Ghana over unpaid debts

WAPCo cuts gas supply to Ghana over unpaid debts

Source: Ghana| Myjoyonline.com| Akosua Asiedua Akuffo| [email protected] The West African Gas Pipeline Company (WAPCo) has suspended the supply of gas from Nigeria to Ghana. Corporate Affairs Director for WAPCo, Harriet Wereko-Brobbey told the BBC the action which was taken on Friday, was as a result of unpaid bills by the Ghana government. The Volta River Authority owes Nigeria’s N-Gas about $180 […]

‘Taxes will correct economic imbalances’

‘Taxes will correct economic imbalances’

The finance Minister, Mr Seth Terkper has stated that the new tax measure introduced by the government is aimed at correcting the imbalances in the tax administration system.   At the Graphic Business/Stanbic Bank Business Breakfast Series on the topic, “The New Tax Law: Its Implications for the Economy and Businesses, Mr TerKper said the government had had to resort more […]

Task force to monitor counterfeit and illicit trade

Task force to monitor counterfeit and illicit trade

The government is to establish a new national task force to monitor counterfeiting and illicit trade in the country before the end of this year. The duty of the task force would include monitoring all sectors namely drugs, textiles, electrical, cables and accessories, electronic items, food, drugs and tobaccos. The Head of Tariff Advisory Board of the Ministry of Trade […]