Friday , October 30 2020

Business

Cedi performance in first half of 2020 best since 2014 – Economist

Economist and Business Consultant, Dr. Ebenezer Ashley has indicated that the Ghana cedi has recorded its all-time best performance for the first half of 2020 than the first six months of any year since 2012 against the U.S dollar. Dr. Ashley made these observations in an interview with our reporter …

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Finance Ministry shuts down over coronavirus scare

The Ministry of Finance has said it has closed down its premises from July 7, 2020, due to an ongoing Coronavirus testing exercise on its staff. In a memo issued by the Chief Director of the ministry, Patrick Nomo, and copied to GhanaWeb, he said all staff of the ministry are to …

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Government knows beneficiaries of my GHS51M judgement debt – Woyome

Businessman and member of the opposition National Democratic Congress (NDC), Alfred Agbesi Woyome, has asked his critics to direct questions relating to his infamous judgement debt saga to the Government of Ghana. According to Mr. Woyome, the Government of Ghana and the Economic and Organised Crime Office (EOCO) should come …

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NCA gets tough to break MTN’s dominance in Ghana’s telecom sector

The National Communications Authority (NCA) will in the coming days begin the implementation of specific policies to ensure a level-playing field for all network operators within the telecommunications industry. Government, through the Ministry of Communications, has directed the NCA to enforce the provisions of the Electronic Communications (EC) Act 2008 …

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Supreme Court dismisses $2.25bn Eurobond suit against Ofori-Atta

The Supreme Court has in a unanimous decision dismissed the case filed against the Minister of Finance, Ken Ofori-Atta, in the issuance of the $2.25 billion Eurobond in 2017. The Chief Justice, Kwasi Anin-Yeboah who announced the decision said the details of the ruling will be made available tomorrow, Wednesday. …

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GRA runs back to GCNet/West Blue after UNI-PASS challenges

The Ghana Revenue Authority (GRA) is running back to GCNet to restore its systems following challenges witnessed at the ports with the newly introduced Integrated Customs Management System (ICUMS), otherwise known as UNIPASS. A statement signed by the Acting Commissioner-General of GRA, Ammishaddai Owusu-Amoah expressed regret over inconveniences caused importers. …

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GRA wants GCNet’s system restored at ports over challenges with UNIPASS

The Ghana Revenue Authority says it is in talks with GCNet to restore its systems following the challenges witnessed at the ports with the newly Integrated Customs Management System (ICUMS), popularly called UNIPASS. UNIPASS was introduced by the government to replace the single window platform– Ghana Customs Management System (GCMS)– …

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COVID-19: GUTA appeals for 3-week grace period to clear goods

The Ghana Union of Traders’ Association (GUTA) is making fresh appeals to government to give its members a three-week grace period to mobilize funds to clear their goods from the country’s various ports amidst the novel Coronavirus pandemic. GUTA’s concerns come barely a week after the Ghana Shippers’ Authority officially informed the …

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‘Business as usual’ in Accra, Kumasi after suspension of lockdown

Businesses within Accra and Kumasi have bounced back to their usual vibrancy a few hours after President Nana Akufo-Addo announced the lifting of a partial ban imposed on the two areas. A morning tour by Citi News’ teams found that many shop owners had begun opening their shops while traders thronged the …

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GHS1bn for electricity relief won’t affect energy sector debt – Nana Damoah

Head of Communication at the Ministry of Energy, Nana Damoah has indicated that the electricity reliefs announced by government to cushion Ghanaians following the COVID-19 economic slowdown will not affect the country’s energy sector debt. President Nana Akufo-Addo in his sixth national address to the nation on the novel coronavirus on …

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