Friday , October 30 2020

Business

Ghana to become Africa’s 3rd-fastest economy at 6.8% in 2020 – World Bank

Ghana flags at display

The World Bank is projecting an economic growth of 6.8% for Ghana in 2020, according to its January 2020 Global Economic prospects Report. This is against the 7.5% forecast by the International Monetary Fund for this year. However, the bank said growth will fall to 5.2% and 4.6% in 2021 …

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Menzgold customers begin fresh push to retrieve locked up cash

Menzgold customers

Mr Fred Forson, spokesperson of the Coalition of Aggrieved Menzgold Customers, said they were ready to go all lengths to get their investments back from the gold dealership firm. He said customers across the country would converge in Accra next week and march to wherever they would find the Menzgold …

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West Africa’s new currency, the Eco: Rebrand or fresh start?

Eco

Many Africans cheered and applauded when Ivory Coast’s President Alassane Ouattara announced on Saturday “that, in agreement with the other West African Economic and Monetary Union Heads of State, we have decided to reform the CFA franc with the following three major changes: First, the name change of the currency from the …

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Bawumia cuts sod for construction of ¢35m watermelon factory

added. The Chief Executive Officer of the Ghana Exim Bank, Lawrence Agyensaim said that ¢100 million was allocated for the construction of factories in the five regions of the North. He said his outfit was working closely with the promoters of those factories to ensure their speedy setup. “Ghana Exim …

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Government releases list of 58 completed 1D1F companies

Government releases list of 58 completed 1D1F companies

The Ministry of Trade and Industry has released a list of 58 completed factories under the government’s flagship program, One District One Factory. The factories’ production ranges from agri-goods to the production toiletries, fabrics and bottled/sachet water. Out of the 58 companies, 22 of them can be found in the Greater Accra Region, …

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Ghana and China sign $42.62 million grant agreement

Ghana and China sign $42.62 million grant agreement

He said government in the last three years has created an enabling environment for the private sector to flourish. “We have introduced tax reforms, inflation is on the decline, interest rates are on the decline, and the exchange rate has also been relatively stable,” Mr Ofori-Atta said. The Minister said …

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NCA fines MTN GH¢100,000 for failing to comply with directives

NCA fines MTN

directive, the Authority directed MTN to submit a report on the challenges within 24 hours of receipt of the directive.   Citing the gazetted Schedule of Penalties gazetted in May 2015, the NCA said it has imposed the following sanctions on MTN: 1. A fine of GHC10,000.00 daily in accordance with Section …

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Expect 100% bonus on bundle purchased from December 1 – MTN CEO

Selorm Adadevoh, CEO of MTN Ghana

Chief Executive Officer of MTN, Selorm Adadevoh says subscribers who bought data between December 1 and midnight of December 3, should expect a 100% bonus. According to him, it is compensation for what the customers had lost during the period. At a press conference at the Headquarters of the telecommunication company, he …

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Central Bank introduces GH¢100, GH¢200 notes and GH¢2 coin

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The Governor of the central bank, Dr Ernest Yedu Addison, has announced the introduction of GH¢100 and GH¢200 notes to the country’s currency denomination. Also, GH¢2 coins have been introduced. The new notes were unveiled at a press conference on Friday.   Source : myjoyonline.com

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Upfront charge of CST ends, new cost of data to be announced – Ashigbey

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The Telecoms Chamber says the upfront charge of the 9 per cent Communications Service Tax has been reversed as at November 26. This is according to the CEO of the Chamber, Ken Ashigbey who tells Joy Business that all players in the telecommunication space will to this effect unveil a new …

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