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...
Parliament has finally passed the Office of the Special Prosecutor bill which will allow for the establishment of an independent anti-corruption institution to deal with public officials who have been deemed or found liable to corrupt dealings. The Bill was passed amidst controversy over whether the prospective Special Prosecutor should...
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...
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...
The National Information Technology Agency (NITA), a state agency, is to review its regulations next year to compel government institutions to use digital solutions developed for their operations. Veronica Boateng, ICT Applications Specialist at NITA said: “Strong and stringent policies will have to be adopted to ensure that the users...
OmniBank, the Small and Medium Enterprises (SMEs)-focused bank, is in talks with local and foreign investors to meet the Central Bank’s new GH¢400million minimum stated capital requirement. But the increment in the bank’s stated capital will in no way affect its philosophy of supporting SMEs and youth development, but rather...
A new entity, Airteltigo, has been announced following the long-awaited merger of the two mobile telecommunication entities, Airtel--operated by Bharti Airtel and Tigo--operated by Millicom Ghana Limited. Senior management staff of the newly-emerged entity yesterday met employees at a staff durbar to unveil the identity of the new entity and...