Parliament has approved a tax exemption amounting to US$48m for the procurement of equipment and materials for the design and construction of an 84.8km multi-modal railway line including railway stations between Tema and Akosombo and the design and construction of railway heads at Tema and Akosombo. According to the report...
The current funding regime of government's flagship program, the free Senior High School (SHS) programme from the consolidated fund must shift to taxation as a special purpose vehicle for the long-term sustenance of the policy, Member of Parliament for Effutu, Alex Afenyo-Markin has suggested. According to the legislator, a great...
The BBC has begun the search for Africa's next journalism star - launching the 2018 BBC World News Komla Dumor Award from his homeland in Accra, Ghana. Journalists from across the continent are invited to apply for the prestigious prize - which aims to promote fresh journalism talent from Africa. The award...
Moves into Contract Mining with 21years life of the mine Between 2000 – 2500 to be employed Tax Concession Agreement and Development Agreement Awaiting Parliamentary Approval Mine production for 10years – averaged 350,000oz – 450,000oz at an average head grade of 8.1g/t. The initial cost of the project...
Members of the Presidential Task Force on the ECOWAS Single Currency Programme have reaffirmed their political will to meet the Bloc’s single currency programme deadline by 2020. They also reaffirmed their commitment to ratify and implement all relevant ECOWAS Protocols and Conventions, as well as a gradual approach wherein member-states...
The board of the Ghana EXIM Bank has approved a GH¢300million financial seed fund to support various industries in the country. CEO of the Bank, Lawrence Agyinsam, said the beneficiary industries include oil palm, pineapple, poultry, creative arts, pharmaceutical manufacturing, as well as garment and apparel manufacturing. In collaboration with the...
The country is yet to tap into the US$5.8bn organic fertiliser market, though most of the organic plants needed for its production abounds. The 2017 edition of the Fertiliser Statistics Overview of Ghana from 2013 to 2016 reveals that the country imported an average of 234,802mt of inorganic fertiliser -...
Roads Minister, Kwasi Amoako-Attah, has said government is expected to pay GH₵17.8billion as ‘commitment fees’ inherited from the previous administration on road contracts. He told Parliament on Wednesday, when he was contributing to the President’s State of the Nation debate that: “As at January 1, 2017, the total commitment at...
With the economy tipped to become Africa’s fastest-growing, investor appetite is high for Ghana as one of Africa’s leading private equity firms, Advanced Finance & Investment Group LLC (AFIG Funds), has made a significant capital injection into First Atlantic Bank (FAB) to help it meet the GH¢400million minimum capital...
Prosecutors from more than a dozen countries joined forces on Wednesday, at a landmark summit aiming to boost the global fight against modern slavery by convicting more criminals and tracing dirty money. The three-day event, the first of its kind, brings together prosecutors from countries including Albania, Nigeria and Sudan....