Despite a fast-growing informal sector economy, data from the Ghana Revenue Authority (GRA) has shown a constant decline in tax collection from the sector in recent times. The major contributor to the country’s public purse from the informal sector, the Vehicle Income Tax, saw a drop from 8.3 percent in...
Negotiated Benefits Trust Company Limited (NBC Ghana Trust), a leading private pension trustee in Ghana, has launched another innovative product to provide a stress-free pension for all workers in Ghana and the diaspora. The scheme, NBC Gold Plan, is designed to cater for the savings and retirement needs of the...
Belshaw Limited, the leading producer of disinfectants, degreasers, and detergents, has been adjudged the Outstanding Disinfectant Product of the Year 2020, at the 8th edition of Made In Ghana Awards (MIDA), held at the Movenpick Hotel in Accra. Entrepreneurs Foundation of Ghana (EFG), organisers of the awards noted that Belshaw...
The Social Security and National Insurance Trust (SSNIT) payments of invalidity pension, ie,  members of the scheme who can no longer work due to a disease, an illness, or disablement of a permanent nature has increased by 13.68% as of the end of July 2021, compared to the same period...
seeks US$1.5bn for the 2021/2022 season The Chief Executive Officer of COCOBOD, Joseph Boahen Aidoo, has indicated that despite the dreadful impact of COVID-19 on economic activities, cocoa production for the 2020/2021 crop season far exceeded its projected target - rendering the syndicated loan secured for the crop...
The Minister of Sanitation and Water Resources (MSWR), Madam Cecilia Abena Dapaah, has underscored that completion of the Integrated Recycling and Composting Plants (IRECOPs) across the country will help a great deal to eliminate pockets of refuse that are often sighted in the towns and cities. She described the IRECOPs...
Olam Cocoa Ghana, one of the largest private Licenced Buying Companies (LBCs) in Ghana's cocoa sector, has stated its commitment to supporting Small and Medium Scale Enterprises (SMEs) and other struggling businesses to survive the COVID-19 pandemic and grow. According to management of Olam, with about 20 percent of market...
LUEX Healthcare has been adjudged Multinational Company of the Year at the Ghana Pharma Awards 2021. The award recognised LUEX’s outstanding contribution to development of the Pharmaceutical Industry in Ghana and the continent. Over the past 3 decades LUEX has become a trusted name across the Medical Fraternity in Ghana, with...
Management of Ridge Nest Hotel (RNH), located in the Eastern Region have initiated an aforesation Corporate Social Responsibility (CSR) program geared at protecting and promotion eco-tourism. According to them the initiave came to mind after a report by the Ghana Investment Promotion Center, GIPC, noted that the hospitality, and tourism...
The Auditor General (AG) has expressed worry about the possible loss of various loans and shareholders’ advances to the Intercity STC (ISTC) totaling GH¢49.5 million, given to the company by the Social Security and National Insurance Trust (SSNIT) since 2010. The total loan amount received by the ISTC from 2010-2012...