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China’s STarTimes Scheming To Takeover Broadcasting Space – GIBA

Startimes

The Ghana Independent Broadcasters Association (GIBA) has warned it will resist attempts by Chinese Broadcasting company StarTimes to takeover the broadcasting space in Ghana through its arrangement with government. The Chinese company has secured a deal with government that will see it extend satellite TV to over 300 villages across the

Withholding VAT Not New Tax – Accountant General Assures Public

VAT

The Controller and Accountant General, Mr Eugene Asante Ofosuhene, has allayed the fears of the public, especially the business community, that the introduction of the seven per cent withholding Value Added Tax (VAT) is a new tax regime. Rather, he said, it was an innovation within the current tax regime to

BoG injects more dollars into economy

economy

The Bank of Ghana (BoG) has stepped up its supply of United States (US) dollars to meet daily demands for foreign exchange as global pressures and the exit of investors from emerging markets cause the cedi to depreciate. According to a source at the BoG, the central bank had sold $157 million

Menzgold bows to SEC pressure; halts gold vault market services

Menzgold shutdown

Management of Menzgold has announced Thursday morning that it has temporarily halted its collectables and any new business related to its gold vault market with immediate effect. According to the company, the halt of what is also called extra value payments takes effect from today Thursday, September 13 and will be in

1District, 1Factory: Lokpleku folks to get steel factory

Steel Factory

The deputy minister of Trade and Industry, Mr Carlos Ahenkorah has cut sod for the construction of a steel factory at Lokpleku Village near Ningo in the the Greater Accra Region. The factory which is fully owned by a private firm (B5 PLUS Limited)when completed will directly employ 5000 workers which

ACCESS BANK MEETS THE NEW CAPITAL REQUIREMENT OF BOG

Access

Access Bank Ghana has met the new minimum capital requirement set by the Bank of Ghana (BOG) ahead of the stipulated deadline in December. This makes Access Bank the first among Banks requiring to raise the new capital of GHS 400million set by the Central Bank. The announcement comes after the Bank

STEP TAKEN BY BANK OF GHANA IS IN THE RIGHT DIRECTION- UCC LECTURER

A Business Commerce (B.COM) Lecturer at the University Of Cape Coast (UCC), Mr. Seyram Kawor has uttered his opinion regarding the amalgamation of five banks by the Bank of Ghana, stating “It’s a step in the right direction”. Following a recent press release of the Bank of Ghana granting a universal

BOG COMMITTEE TO REVIEW THE HEALTH OF THE ECONOMY TODAY

Bank of Ghana

The Monetary Policy Committee (MPC) of the Bank of Ghana will start its quarterly meeting today, July18, 2018 to review the health of the economy. The committee will also assess the impact of major economic policies introduced by the central bank to stabilize the economy. On top of the agenda are likely

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