The Ghana National Petroleum Corporation (GNPC) is seeking private investors for the ailing Prestea Sankofa Gold Limited, one of the inherited unprofitable entities of the oil and gas-focused company, as it seeks to streamline its activities and focus on its core mandate. “The prudent thing we have done is to...
The Chartered Institute of Logistics and Transport (CILT) thinks government is focused too much on maximising revenue at the ports, as against the effective trade facilitation its paperless ports project is supposed to ensure. There is a need for government to find the right balance between maximising port revenue and...
Bank of Ghana (BOG) has today announced a reduction in its Monetary Policy Rate (MPR) by 200 basis points from the current 20% to 18%. The cut in the policy rate which is the biggest drop since November 2014, according to the Governor of the Bank of Ghana, Dr. Ernest...
Although inflation rose from 10.3 percent in January to 10.6 percent in February, the Monetary Policy Committee (MPC) of the central bank has expressed confidence in the disinflation process, generally, as it voted to reduce the policy rate by 200 basis points to 18 percent. Addressing the press on Monday...
The Bank of Ghana (BoG) has introduced new reforms to financial institutions in the country, in a bid to address the corporate governance challenges that have bedevilled the sector in recent years. The new reforms, dubbed ‘The Banking Business — Corporate Governance Directives 2018’, seek to vividly define the roles...
The Ghana Investment Promotion Centre (GIPC), as part of its ‘Ghana on the Go CEO’s breakfast meeting’, hosted CEOs and Business leaders to discuss laws and sanctions that come with Technology Transfer Agreement. The Technology Transfer regime relates to a relationship between a parent company or an external company and...
The National Pensions Regulatory Authority (NPRA) has said the grace period given employers to act in accordance with the new pension scheme is over, and that it will begin to scrutinise and sanction all non-complying employers. The pensions regulator noted that seven years after the three-tier pension scheme’s coming into...
There is a huge business potential for financial technology service providers, known as Fintech companies, to support organisations set up their systems in order to use the e-bills pay. The e-bills system, which is the latest initiative by the Ghana Interbank Payment and Settlement Systems (GhIPSS), enables various institutions to...
The Bogoso Business Centre of ASA Savings and Loans Limited, in collaboration with the Prestea-Huni Valley Health Center have organized a free medical screening for the communities within its operational enclave. The exercise which saw participants screened in malaria, hepatitis “B”, glucose, blood pressure among others saw about 200 people...
The National Health Insurance Authority (NHIA) expects to receive a total amount of GH₵2.3bn in 2018 to be able to execute its mandate for the year, a Parliamentary report on the Proposed Formula for the Disbursement of the NHIF for Year 2018 has revealed. According to the ‘Committee report of...