Construction of a new terminal building for the Tamale Airport is expected to begin in the coming months, as government seeks to position it as the second international airport of the country. The country has only one operational international airport, and completion of the Tamale Airport Terminal and designation of...
As Ken Ofori-Atta heads to Parliament this morning to deliver the Akufo-Addo government’s second budget statement in the space of ten months, there is a lot of pressure on him to translate the modest gains made in the macroeconomy to real economic growth. The performance of the economy in the...
Although they are waiting to see whether the expected power tariff reduction will be in respect of levies or cumulative tariffs, players in the industrial sector have said a 25 percent reduction, as Vice President Bawumia has hinted, would be most welcome - at least for a start. “That would...
The Chief Executive of the Petroleum Commission, Mr Egbert Faibille Jnr, has warned companies engaged in transfer pricing to stop the practice immediately or face the wrath of the Commission, as such practice impacts the economy negatively. He confirmed that the Commission is fully aware that most foreign companies in...
Ghana, one of Africa’s democratic standard bearers, is a relative newcomer to the oil sector. Having surpassed oil development’s teething problems, it has remained highly committed not to scaring foreign investors away and keep existing covenants intact. While the nation’s energy outlook is improving, significant challenges remain. This year saw...
OCP Africa, a subsidiary of OCP Group - a leading global producer of fertiliser based in Morocco - rolled out one of its several intended projects in the country last week, dubbed the OCP School Lab. It is a mobile laboratory that moves from community to community, educating farmers in...
President Nana Addo Dankwa Akufo-Addo, on Wednesday, November 8, 2107, pulled the symbolic switch to officially inaugurate Cargill’s solar facility at the company’s factory in Tema. The President in a brief remark congratulated Cargill for the initiative and said the move to host solar powered energy is in line with...
The Bank of Ghana, together with Ecobank Ghana, has sponsored a two-day training workshop for 35 business journalists in Accra aimed at deepening their understanding of the monetary policy framework of the economy. The training, which was organised by the Journalists for Business Advocacy (JBA), was themed: ‘Monetary policy, tools...
The Vice President, Dr. Mahamudu Bawumia, has asked the Domestic Tax Revenue Division of the Ghana Revenue Authority to take advantage of technology to implement an e-solution platform to administer taxes. “I believe we have reached a stage in our development where we must adopt appropriate, current and improved technology...
Stanbic Bank Ghana has been named the Best Private Bank in Ghana at the 2017 Global Private Banking Awards held in London. The award is in recognition of Stanbic Bank’s strong value proposition and capabilities in managing the needs of high net-worth clients in Ghana. The awards, which were organised by...