Home » Business (page 24)

Business

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, ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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, ...

Read More »

Illicit drugs threaten Ghana’s Economy …As over 45,000 youth get involved

Ambrose Dery, Interior Minister

It is estimated that over forty-five thousand (45000) Ghanaians of school going age are involved in the abuse of one illicit drug or the other. This worrying information was disclosed in the latest United Nations world report on drug use. These drug users can be found in the 275 administrative districts in all the 10 regions of the country, and ...

Read More »

Could Reforming the State Owned Enterprise Sector be a Big Deal for Ghana?

Ibrahim Mohammed Awal, Minister for Business Development

At the beginning of September, Ghana’s Ministry of Finance brought the heads of State-owned Enterprises (SOEs) to deliberate how to reform SOEs, some of them loss-making, in order to have them play a more strategic role in Ghana’s development. As reported in the local press, the Vice President of Ghana, Mahamudu Bawumia (who gave the keynote address to the Policy ...

Read More »

Business to crumple if rent Act fails

Many international and local limited liability companies in the central business district of Accra resolve to fold up if the implementation of the Reviewed Rent Act fails. Businessmen say over hundred percent (100%) increment in rent advance for warehouses and shops in the space of one year is unbearable. In an interview with the Public Agenda in an interview yesterday, ...

Read More »

Fishing industry to add $1 billion to government revenue

 The fishing industry in Ghana will contribute over a $ one billion dollars to government revenue if stringent measures are put in place to deal with illegal, unreported and unregulated fishing {IUU} methods.  The practice that has been in existence for over eight years now is said to have depleted the nation’s fish stock, beautiful coastal wetlands and an annual loss ...

Read More »

Ghana and Islamic Finance: A Cursory Glance

Dr Bawumia

Even though Ghana first broke her long protracted official silence over Islamic finance in 2011, saying she was ready for Islamic banking, the Bank of Ghana as of today, is yet to issue its first Islamic banking license. The foregoing notwithstanding ,a conventional Insurance company ,Metropolitan   Insurance Company, however  first opened a Takaful(Islamic insurance) window or department under its operations ...

Read More »