Business & Finance

Mtn Makes It Onto World Champions List

Friday, April 25, 2014 MTN Group has been named as the only South African company on the World Champions list. The list, compiled by analysts from American multinational financial services company, Citi Group, names global companies dominating their respective industries. Companies on the list must have a market v ...

Mining: Ghana loses millions in tax evasion - Report findings

Thursday, April 24, 2014 It has emerged that about 140 million dollars in taxes were lost to the state in the mining sector alone between 2005 and 2007. In 2012, an additional 36 million dollars shipped abroad mostly to non-taxable offshore accounts on the blind side of tax authorities. The guilty parties are big m ...

Voltic (GH) limited appoints new General Manager

Thursday, April 24, 2014 Voltic GH Limited, producers of Voltic Natural Mineral Water, has appointed Mr. Philip Redman as General Manager in charge of operations. Phil joined SABMiller Plc, Voltics parent company, in 2012 initially in charge of innovation and he was later promoted to Senior Portfolio Strategy Manag ...

'Investigate Energy Ministry' -Over Miura Petroleum Allegations

Thursday, April 24, 2014 Emmanuel Armah- Kofi Buah,Minister of Energy and Petroleum Following some allegations of forgery made by the Ministry of Energy and Petroleum against Miura Petroleum and its Canadian partner, Gondwana Oil over how the South Block offshore West Cape Three Points was awarded, the Africa Centre fo ...

Govt reaches agreement with banks over VAT on financial services

Thursday, April 24, 2014 Government has reached an agreement with commercial banks for the VAT on financial services not to be charged on salaries, savings, deposits, investments, interests or loans. The tax is to affect only fees or commissions that are charged on some financial services as in the provisions of the 201 ...
Niila Selormey

Merchant Bank Is No More

Thursday, April 24, 2014 Niila Selormey Merchant Bank Ghana Limited has been re-christened as Universal Merchant Bank UMB. Niila Selormey, Chief Executive Officer CEO of the bank, commenting on the development noted: From today, the bank that you used to know as Merchant Bank is no more. We are now the Universal ...

Producer Price Inflation Up

Thursday, April 24, 2014 People currently buy food at high prices Ex-factory prices of goods for all industry increased on average by 27.8 percent in March 2014 relative to the price level recorded in March 2013. The year-on-year rate is 0.7 percentage points higher than that for February 2014 while the monthly inflat ...

A teller interacts with a customer

Banks Educate Customers On 17.5% VAT

Thursday, April 24, 2014 A teller interacts with a customer Some commercial banks in the country have begun circulating text messages to inform their customers about the new banking services policy introduced by Government. Ecobank Ghana and Barclays Ghana are among some financial institutions that are engaging their ...
Ibrahim Mahama

Ibrahim Mahama Advises African Banks

Thursday, April 24, 2014 Ibrahim Mahama Ibrahim Mahama, Chief Executive Officer CEO of Engineers and Planners, has urged African banks to operate beyond the borders of their countries in order to retain capital inflow. Speaking at the just-ended Afrexim Summit in Dubai, Ibrahim said the inability of local banks to g ...

Asogli Demands $50m From Gov't

Thursday, April 24, 2014 Li Xiaohai third from right with his team when they visited the Energy Minister recently Sunon Asogli Power Limited, an independent power producer, has appealed to Government to offer it some compensation for the losses it incurred as a result of the damage to the West African Gas pipeline, wh ...
President John Dramani Mahama

President Doles Out GH¢10m

Thursday, April 24, 2014 President John Dramani Mahama President John Dramani Mahama has mentioned on his Facebook wall that he has made available GH10 million as seed money for the youth in the country who are ready to set up small and medium-scale enterprises. According to the President, the offer stems from his de ...

FLYCOTEC Donates To Orphanage

Thursday, April 24, 2014 Site Manager Edwin Aborge presenting the items Flycotec Company limited, a real estate development firm at Kasoa in the Central Region, has donated food items to the Good Shepherd Orphanage at Ofankor near Kasoa. The items, valued at about GH1,500, included bags of rice, sachet water, vegetab ...

2nd phase of the Sunon Asogli Project now set to commence in September

Thursday, April 24, 2014 All is now set for work to commence on the second phase of the Sunon Asogli Power project in September. This is expected to add 360 Mega-Watts to the countrys energy mix. It would also add to the 200 Mega Watts currently produced by the Sunnon Asogli Plant. The sod cutting ceremony for the ...
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