Ghana’s Parliament has amended the Special Petroleum Tax (SPT) by passing the Special Petroleum Tax Amendment Bill to reduce the tax from 15 percent to 13 percent.
The passage of the amendment now plugs in the SPT levy as a static from the initial arrangement which saw the tax also...
Deputy Minister of Energy, responsible for Petroleum, Dr. Mohammed Amin Adam, has disclosed that government has decided to pursue an Aggressive Exploration Campaign in a bid to safeguard reserves and sustain production in the upstream oil and gas sector.
Speaking to journalists at the launch of the Petroleum Register, he...
The decline in headline inflation for January to 10.3 percent is likely to push the central bank to continue its reduction in the monetary policy rate, Barclays Africa has said.
According to a release by the research arm of the bank, “the deceleration in inflation will have been positively received...
Commercial drivers and stakeholders in the road safety space have commended Guinness Ghana Breweries Limited (GGBL), for its drink driving education programme.
Speaking at the closing ceremony of the 5th edition of Twa Kwan no Mmom, the company’s annual behavioral campaign held at the Achimota Bus Terminal, they applauded the...
A constitutional and petroleum law expert, Prof. Raymond Atuguba, has questioned the constitutionality of the Petroleum Exploration and Production Act, 2016 (Act 919) which gave rise to the multi-billion-dollar contract recently signed between government and Exxonmobil.
According to Prof. Atuguba, the 1992 constitution vests the management of the petroleum resources...
Teachers who abandon the classroom after enjoying study leave with pay, at the expense of the tax payer, are depleting classrooms across the country, and should be denied jobs when they seek one in other public institutions, the Teachers and Educational Workers Union (TEWU) has said.
Government, the union said,...
To spur local innovation and entrepreneurship, intellectual property rights must provide flexible protection for local businesses, Open Africa Innovation Research (AIR), a global research network, has said.
A well-fashioned intellectual property regime, it said, could be the catalyst for building sustainable local businesses with positive social impact on the economy.
“We...
Fintech is boosting financial inclusion across Africa, according to Ecobank ,the leading independent pan-African banking group, a pioneer in Africa’s digital transformation and the main sponsor of the 2018 Africa Tech summit taking place today.
Although over 80% of Africans have mobile phones, only around one quarter (28%) of them...
Charles Darku has appointed Kweku Awotwi as the new Managing Director.
Mr Awotwi is an experienced international business executive with over twenty-five years’ experience working in the energy sector, electricity, oil and gas, as well as the mining and extractive industries, in both the public and private sectors in Africa...
Betway Ghana has opened its ultra-modern concept store at Kumasi, in the Ashanti region, as part of efforts to respond to the needs of its growing clientele.
The Concept Store, located in the Nyatakyiwaa Plaza along the main Amakom Road, will provide players with a convenient and safe environment where...