Friday , August 6 2021

Business

Budget review: Finance Minister wants ¢6.3bn more to spend in 6 months

Finance Minister

Finance Minister Ken Ofori Atta is seeking approval to spend some ¢6.3 billion in its Supplementary Budget for the remaining months of the fiscal year. This was contained in the order paper for Monday’s proceedings in parliament as the Minister presents the Mid-year Review as well as Supplementary Budget. Based on the 2019 …

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Video: Menzgold CEO granted GH¢1bn bail

Menzgold CEO

CEO of Menzgold, Nana Appiah Mensah, has been granted bail to the sum of GH¢1billion, by a Circuit Court, possibly one of the biggest in Ghana’s court. The bail comes with five sureties, three of which are to be justified. Nana Appiah Mensah who is standing trial for defrauding by false pretence and …

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Gov’t to introduce financing scheme for Made in Ghana cars

Gov’t to introduce financing scheme for Made in Ghana cars

Government is working with authorised automobile dealers and distributors as well as leading financial institutions to introduce a comprehensive financing scheme to enable Ghanaians to buy ‘Made in Ghana’ vehicles. Also, the government has entered into discussions and negotiations with global automobile manufacturers, including Toyota Ghana Limited to establish vehicle …

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MASSIVE DEMONSTRATION TO HIT GOVERNMENT OVER LUXURY VEHICLES LEVY.

The Membership of Vehicle and Asset Dealers Association of Ghana (VADAG) have threatened to stage a massive demonstration on July 9,2019. The demonstration will take place if the government of President Nana Addo Dankwa Akuffo – Addo fails to withdraw the Luxury Vehicle Levy (LVL) imposed on vehicle owners and …

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Special Prosecutor, CHRAJ to assist PIAC to fight misuse of petroleum funds

Special Prosecutor, CHRAJ to assist PIAC to fight misuse of petroleum funds

The Public Interest and Accountability Committee (PIAC) is exploring a collaboration with the Office of Special Prosecutor and the Commission on Human Rights and Administrative Justice (CHRAJ) for the prosecution of officials who misuse petroleum revenues. The committee will soon sign memorandum of understanding (MoU) with the two prosecutorial bodies as part …

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SNNIT CALLS FOR AN INCREMENT OF CONTRIBUTION RATE

Social Security and National Insurance Trust (SSNIT) has called for a review of the contribution rate of workers to enable it to sustain the pension scheme and to pay workers higher pensions. Recently, the contribution rate is 11% of basic salary but SSNIT wants it reviewed to 19.2%. The forum …

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Ghana to assist Guyana following oil & gas discoveries

Ghana to assist Guyana following oil & gas discoveries

Ghana has made available free technical assistance to Guyana, following the that country’s discovery of oil and gas resources offshore. Speaking at a State Luncheon held in his honour, on Tuesday, June 11, as part of his official visit to Guyana, President Akufo-Addo indicated that Ghana, following the recent discovery …

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LOOM: A SCAM OR A SAVIOR?

The idea of loom was quite obscure among Ghanaians until recently. It has become common among most Ghanaian youth as a peer-to-peer pyramid ponzi scheme, giving them the opportunity to make ‘quick money’. The scheme has gain popularity on most social media platforms all over the world with names such …

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Depositors of 347 insolvent microfinance companies to receive payments today

Depositors of 347 insolvent microfinance companies to receive payments today

Bank of Ghana’s appointed Receiver for the 347 insolvent and dormant microfinance companies, Eric Nana Nipah, will Friday start paying depositors of the companies. A statement sanctioned by the Receiver, however, clarified that only depositors whose claims have been validated and agreed will be paid. The move follows the release …

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