Rural and community banks (RCBs) must adhere strictly to Bank of Ghana’s risk and compliance policies to avoid folding up, Kojo Mattah, Managing Director of the ARB Apex Bank Limited has advised. He, therefore, suggested to the RCBs to recruit risk and compliance officers with clear job descriptions such as assisting the banks to keep track of all compliance requirements [...] The post Comply
The country for the first time in five years recorded its lowest inflation rate in October, this year, the Ghana Statistical Service (GSS) has said. The year-on-year inflation rate for October dropped marginally from 9.8 in September to 9.5 per cent, the lowest since January 2013. This represent a 0.3 percentage change lower than the inflation rate recorded in September [...] The post Inflation drops
The Ministry of Trade and Industry has indicated government’s readiness to support industrial and agricultural sectors at the local level. This, it explained would expedite the country’s development and economic growth. To achieve this, the ministry would support local business enterprises and synergies the industrial and agriculture sectors at the districts. The sector minister, Allan Kyerematen, stated when he donated [...] The post Trade
The Sonzele Rural Bank Limited operating in the Upper West Region has exceeded the minimum capital requirement of ¢1,000,000.00 set out by Bank of Ghana (BoG), according to its financial reports for 2017. Shareholders’ fund of the bank grew marginally from GH¢3,350,127.00 to GH¢3,380839.00 in the year under review and witnessed assets growth from GH¢15,348,096.00 in 2016 to GH¢18,693,393.00 in [...] The post Sonzele
All duty-free shops, henceforth, will be subjected to comprehensive audit, the Ghana Revenue Authority (GRA) has announced. The GRA said it suspected that the duty-free regime was being abused by some of the operators of the Free Zone Enclave. Duty-free shops do not pay taxes on their imports. “It has always been our suspicion that the regime was being abused. [...] The post GRA to audit duty-free
Government has been urged to expedite the process of addressing the challenges in the land tenure system to make the country conducive for business. “The current land tenure system being operated in the country is collapsing businesses; it is not business friendly at all; it needs prompt review to attract investors,” said Anthony Botchway, Chief Executive Officer (CEO) of Bomarts [...] The post Land
Ghana and Italy yesterday renewed their commitment to strengthen their partnerships to promote investment in key sectors of the Ghanaian economy. At a meeting in Accra with the Italian Ambassador to Ghana, Giovanni Favalli, Minister of Sanitation and Water Resources, Cecilia Abena Dapaah, said the government was focused on reviewing its relationship with development partners to focus on trade and [...] The post Ghana,
The Ghana National Association of Teachers (GNAT) has threatened a possible strike action if the Ghana Education Service (GES) fails to ensure that members who were enrolled onto the State Insurance Company (SIC) group insurance policy and deducted without their consent are not refunded with interest by November 30. A statement signed and issued by Philippa Larsen, National President of [...] The post GNAT
Ahead of the presentation of the 2019 Budget and Economic Policy Statement today, the Trades Union Congress (TUC), Ghana, has proposed a further reduction of electricity tariff by 15 per cent. It is also wishing that the Public Utilities Regulatory Commission (PURC) would slash water tariffs by 12 per cent in next year’s review of utility tariff. In a proposal [...] The post Reduce
The National Democratic Congress (NDC) says all is set for its national delegate’s conference this Saturday at the Trade Fair Centre in Accra, where the party will elect new National Executive Committee (NEC) members. A total of 8,500 delegates are expected to decide the fate of 65 aspirants who are vying for NEC positions including Chairman, General Secretary and National [...] The post NDC
The Minister of Finance, Ken Ofori-Atta will today present to Parliament the Budget Statement and Economic Policy of government for the 2019 fiscal year. This is in accordance with Article 179 (1) of the 1992 Constitution, which enjoined the Finance Minister to present government’s fiscal policy statement to Parliament. Article 179 (1) states “The President shall cause to be prepared [...] The post Finance
Management of Laweh Open University is to offer scholarships to some prisoners in the country to pursue various tertiary programmes. This is to improve their academic qualifications to enable them to contribute their quota to national development after serving their sentences. President of the Open University, Professor Goski Alabi, disclosed this at the University’s 2nd [...] The post Laweh
A legal practitioner, Akoto Ampaw has taken a strong exception to some assertions that the creation of the Office of the Special Prosecutor (OSP) by the government of the New Patriotic Party (NPP) is merely a political gimmick to clamp down on political opponents. “The Office of the Special Prosecutor is a novelty which is against a certain culture of [...] The post Office of
Dayspring Montessori International at Dansoman in Accra has emerged champions at the just ended 2018 National & International Robotics inspired Science Education (RiSE) awards organised by the Ghana Robotics Academy Foundation (GRAF), a non-governmental organisation (NGO). The school as part of the competition was challenged to design, construct and programme robots in two categories which was the Autonomous and the [...] The post Dayspring
Delegates of the National Democratic Congress (NDC) in the Central, Eastern and Western Regions have hailed flagbearer aspirant, Kojo Bonsu for his message of unity and hope. “Kojo Bonsu, we love your message and campaign style,” the delegates from the three regions declared during their interaction with the former Mayor of the Kumasi Metropolitan Assembly. After delivering his [...] The post Kojo
The Member of Parliament (MP) for Akatsi South, Bernard Ahiafor has decried the government’s failure to meet its own deadline to present a Legislative Instrument (L.I.) for the Office of Special Prosecutor (OSP) to Parliament in the fight against corruption. “The government’s failure to ensure the L.I. is passed one year after the appointment of the Special Prosecutor is a [...] The post MP
I will transform NDC—Ofosu Ampofo National chairmanship aspirant of the National Democratic Congress (NDC), Samuel Ofosu Ampofo, has indicated that this is his time to take over the topmost leadership position of National Chairman of the party having worked at all levels and capacity both in the party and in government. The former director of elections of the opposition NDC [...] The post national chairman
Some residents in eight districts and municipalities in the Northern Region have kick-started a campaign for a “yes” vote for the creation of the North East Region. They are West Mamprusi, Mamprugu, Magduri, East Mamprugu, Bumkprugu/ Nyankpaduru, Yunyoo Nasun and Chereponi. Representatives from local governance, residents and other interest groups within the catchment area have marched through the principal streets [...] The post Campaign
The Executive Director of the Africa Centre for Parliamentary Affairs (ACEPA), Dr. Rashid Draman has observed that installing clock-in devices in Parliament to check Members of Parliament (MPs) absenteeism and lateness as proposed by the Speaker of Parliament, will only achieve little due to the challenges at hand. According to him, “the onus lies on the Speaker of Parliament to [...] The post Speaker
Ghana’s ambassador to China, Mr Edward Boateng has called for cooperation and collaboration between ministries to enable Ghana focus on three areas to benefit meaningfully from its cooperation with China. He said Ghana must prioritise and focus on infrastructural development, such as roads construction, human resource development including training in Science, Technology, Engineering and Mathematics (STEM) and agricultural production [...] The post ‘Focus
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