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BoG to implement Deposit Insurance Scheme soon

Dr Ernest Addison

The Bank of Ghana (BoG) will commence the implementation of the Deposit Insurance scheme in the second quarter of 2018. Deposit insurance is a protection provided by the state against risk of loss of deposits in a deposit taking institution. The scheme, among other things, seeks to safeguard the savings of individual depositors in the country in order to build ...

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30 Business Resources Centres to be created this year

Mr Carlos Kinsley Ahenkorah

Government has announced its resolve to create 30 Business Resource Centres this year as part of its industrial transformation Agenda and its vision to spread industrialisation across the entire geographical regions of Ghana. Business Resource Centres (BRC) are expected to provide a one-stop shop enterprise development services to enterprises located within a particular district. This means that companies would enjoy ...

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Voltic gives hope to Nsawam youth

Tape cutting moment at the inauguration ceremony

Thousands of  jobs are  expected  to be created   for the youth of Nsawam and  its surrounding communities by  Voltic Ghana  Limited following the commissioning of its  new packaging  line at its second  facility at Akwadum Near Nsawam  in the  Eastern region. The  new  high  speed  line which costs $ 6.5  Million dollars is an investment  by Coca  Cola  Beverages  Africa,(CCBA),  ...

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Ghana stagnates in latest Open Budget survey

Ken Ofori-Atta, Minister for Finance

Ghana’s performance in the 2017 Open Budget Survey has remained stagnant after gaining overall score of 50 out of 100 points, declining by a point in the previous survey conducted in 2015. The score connotes that, the government of Ghana provided the public with limited budgetary information in the years under review. The limited, according to the report meant that ...

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CHRAJ clears Finance Minister of Conflict of Interest allegations in bonds deals

Ken Ofori-Atta, Minister for Finance

The Commission on Human rights and Administrative Justice (CHRAJ) has cleared the Minister of Finance (MOF), Mr Ken Ofori-Atta, of allegations of conflict of interest in the issuance of some bonds. The Commission, however, after its investigations of allegations made against the minister by a citizen, Mr Yaw Brogya Genfi, gave wide-ranging directives in relation to the bond issuance processes ...

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Customs intercepts fake US dollars at Sogakope

  The Customs Division of the Ghana Revenue Authority (GRA) has intercepted fake US dollar notes amounting to $358,000 at Sogakope in the Volta Region. The fake notes, in $100 denominations, were concealed in a Nigeria-registered commercial Nissan Pathfinder vehicle, with registration number AKD 710 EP. According to the Assistant Commissioner in charge of the Aflao Border,  Mr Frank Cudjoe Ashongthe, ...

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Aftermath of ITLOS ruling… Oil companies rush to pay Surface Rentals

Hon. Boakye Agyarko, Minister for Energy

The judgment delivered by The Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) recently has triggered a rush by licensed Oil companies operating at Ghana’s oil production blocks to settle their Annual Surface Rentals. Public Agenda is told that 14 out of the 17 companies in the records of the Ghana Revenue Authority (GRA) have ...

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Businessmen laud BoG over policy rate cut

Dr Ernest Addison,Governor, Bank of Ghana

The cut of the country’s policy rate from 21 to 20 percent by the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has been lauded by a section of businessmen in the Central Business District of Accra. But quickly added that the hundred basis point cut will guarantee businesses growth only if it leads to a significant decline ...

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As Christmas beckons … FDA cautions consumers against expired products

The Food and Drugs Authority (FDA) has cautioned the general public of fake and expired food products smuggled into the market by some traders as Christmas approaches in few weeks. In a telephone interview with Public Agenda in Accra last Thursday, the Head of Communications and Public Education at the FDA Mr James Lartey advised the public to take note ...

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The Dr. Bawumia Digital economy and the ambiguities for Taxation

Dr Bawumia

The Ghana Revenue Authority (GRA) recently launched a tax campaign to encourage Ghanaians to fulfill their tax obligations. Hopefully, the eight (8 ) million Ghanaians or so, quoted by the Commissioner General as missing from Ghana’s tax register will be enrolled. We commend GRA for its tax campaign and call on all Ghanaians to support the GRA to succeed. However, ...

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