2017 Digital Bank of the Year award winner, Guaranty Trust Bank (Ghana) Limited, has further deepened its partnership with the nation’s premier university, University of Ghana (UG) in the area of payments of fees and charges to the University; as the bank has extended its online collection platform to...
Just as governments are being urged to align their national development plans with the United Nations Sustainable Development Goals (SDGs), it is crucial for businesses to also integrate the SDGs into their corporate strategies, Dr. Eugene Owusu, SDG Advisor to the President of Ghana, has said. This, he indicated, will...
Karpowership is to deploy its 470MW Karadeniz Powership Osman Khan to the Sekondi Naval Base by the second half of this year. According to Miss Sandra Amarquaye, Corporate Communications Specialist of the company, thw move is in line with government plans to ensure full utilization of gas resources from the...
The Ghana Stock Exchange (GSE) continues to show impressive performance recording 28.67% in growth in its overall Composite Index as at February 15, 2018. The bullish run experienced by the equities market in in January, February and the whole of 2017 is set to continue unabated. Recording a market capitalization of...
Ghana Oil Company Limited (GOIL) has been adjudged the Overall Best Taxpayer 2017 (Customs Division) by the Ghana Revenue Authority (GRA). At a ceremony to present the award in Accra, the GRA recognised GOIL’s demonstrable ability to do business in compliance with the law. Over the years, GOIL has won several...
Government is working towards putting a special funding mechanism in place, starting with GH¢20m, to support start-up businesses across various sectors, Business Development Minister, Ibrahim Mohammed Awal, has disclosed. By March 2018, government would have closed the deal for the funding, the minister said during a familiarisation tour of the...
Local manufacturers have said tax waivers on imports and special projects, as well as waivers for the extractives sector, are undercutting them and making the operating environment a lot tougher for them. Besides, they argue, government is shooting itself in the foot by continuously granting tax waivers to importers who,...
The country’s largest power producer, the Volta River Authority (VRA), is seeking to privatize most of its non-core businesses, as the Authority strategises to become one of the leading power producers in the sub-region. The initiative is also meant to ensure a more transparent budgeting for tariff requests by the...
The Bank of Ghana has blocked plans by the Ghana Interbank Payment and Settlement Systems (GhIPSS) to offload part of its shares to commercial banks in the country, a source close to the botched deal has told the B&FT. GhIPSS, a wholly-owned subsidiary of the central bank, has often spoken...
The Ministry of Food and Agriculture (MoFA) and the United States Agency for International Development (USAID) have hosted a forum to review progress made on the development of a pilot food safety and certification system in Ghana. Developing a sustainable traceability system was a crucial recommendation that supported lifting the...