President Nana Addo Dankwa Akufo-Addo has announced that the recent erratic power supply plaguing the country has been effectively addressed. Addressing attendees at the annual May Day celebration in Accra, the President expressed optimism that the challenges, famously termed “dumsor,” are now a thing of the past. He extended gratitude to the citizens for their […] The post Power
The Ministry of Local Government, Decentralization, and Rural Development (MLGDRD) has issued a directive to Metropolitan, Municipal, and District Assemblies (MMDAs) overseeing GARID projects to ensure that proper flood mitigation measures are implemented ahead of the rainy season. The Ministry disclosed that funds have been allocated for the desilting of drains as part of these […] The post Local
Absa Bank has introduced its Supplier Finance Programme, an innovative solution designed to revolutionize corporate supply chains in Ghana. This initiative aligns with Absa Bank’s dedication to providing comprehensive financial services that cater to the ever-changing demands of its corporate customers. In a business environment where the effective management of cash flow is pivotal to […] The post Absa
Yaa Serwaa Sarpong, the Director of Support Services at Strategic Mobilisation Ghana Ltd (SML), has refuted certain figures in KPMG’s report concerning the revenue they generated for the government. According to KPMG’s report, SML boosted the government’s tax revenue to GHS2.45 billion during the period under review. “Regarding the downstream petroleum audit services, KPMG determined […] The post We
Dr. Opoku-Afari The Bank of Ghana (BoG) has praised the invaluable contribution of the National Banking College (NBC) to the training of human resources in the financial sector. The Read More... The post BoG
The National Democratic Congress (NDC), has called on the President Akufo-Addo and Dr. Bawumia government to take immediate steps to retrieve all monies paid to SML Ghana Limited for no work done. At a press conference addressed by its National Communication Officer in Accra today, the party demanded the immediate publication of the full KPMG […] The post NDC demands retrieval of monies paid to SML
Ghana’s fastest-growing bank, OmniBSIC Bank Plc, has opened 2024 positively by delivering strong results in the first quarter which is a strong indication of superior returns to shareholders and higher value for businesses this year. The bank’s profit soared by more than 58 per cent to GH¢82.58 million in March while liquidity and the balance […] The post OmniBSIC
The World Bank has recently released its April 2024 Commodity Outlook Report, which predicts a substantial drop in global food prices in 2024, with a projected 6 per cent decrease, followed by an additional 4 per cent decline in 2025. This decrease is mainly attributed to lower prices for grains, oils, and meals, while other […] The post World Bank predicts
Former Auditor-General Daniel Yaw Domelevo has criticised the selection of KPMG to audit the contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML), describing it as illegal and unprofessional behaviour. President Nana Addo Dankwa Akufo-Addo ordered KPMG to audit the contract between the two entities on January 2, 2024. Following the […] The post GRA-SML
In recent times we have been grappling with erratic power outages. These unpredictable and frustrating disruptions of electricity supply has been attributed to various factors including aging infrastructure, maintenance issues, transmission challenges, illegal connections to name a few. This unwelcome guest has left Ghanaians and businesses in the dark and seeking answers. However, amidst this […] The post Power
Some critical units of Somanya Polyclinic in the Eastern Region are shut down whenever there is a power outage in the area. Kafui Wuttor, Head of Administration for Somanya Polyclinic, noted that the hospital’s generator has limited capacity and cannot power the entire facility, causing disruptions to other essential services including the laboratory. Kafui Wuttor […] The post Somanya
‘Dumsor’ Vigil to hit Accra After what organizers and patrons described as a successful Kumasi edition, plans are underway to bring the ‘Dumsor’ Vigil to the capital city, Accra. Explaining the reason behind the decision to replicate the same vigil that took place in Kumasi on April 17, 2024, Henry Osei Akoto, one of the […] The post ‘Dumsor’ vigil to hit Accra appeared first
Legon Cities coach Paa Kwesi Fabin has voiced his concerns over the practice of evaluating coaches solely based on results, arguing that such an approach is unjust and fails to account for the multitude of factors involved in the game. In a candid interview with 3Sports, the former Kotoko and Hearts of Oak gaffer expressed […] The post Paa Kwesi Fabin criticises judging coaches
By Sualah Abdul-wahab President Akufo-Addo has inaugurated a 15KW Solar Power Plant phase two project at Kaleo in the Nadowli-Kaleo District of the Upper West Region. The plant constructed by the Volta River Authority with support from the German Development Bank is expected to increase Ghana’s and VRA’s generation capacity and diversity by adding more […]
The Minority in Parliament is demanding the publication of the KPMG audit report on Strategic Mobilization Ghana Ltd (SML) and Ghana Revenue Authority (GRA) contract. President Akufo-Addo has stated that the SML Downstream petroleum service is needed however the Ministry of Finance (MoF) and the Ghana Revenue Authority (GRA) will have to renegotiate the fee […] The post Minority
Isaac Adongo, Ranking Member on the Finance Committee of Parliament has asked President Nana Addo Dankwa Akufo-Addo to lay KPMG’s audit report on the revenue mobilisation agreement between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) before Parliament. KPMG, an auditing firm, has finalised and presented its report on the GRA-SML contract […] The post Lay
Professor Jane Naana Opoku Agyemang, running mate to National Democratic Congress (NDC) flag bearer John Mahama, announced plans to create women entrepreneurs and millionaires through the strategic establishment of a Women Development Bank. “We will actively pursue the establishment of a Women Development Bank to nurture and grow women-owned, women-led businesses,” Opoku Agyemang stated. “Women […] The post NDC
Businessman Prince Kofi Amoaben has expressed his confidence in former President John Dramani Mahama as the ideal leader to steer Ghana toward economic development and prosperity. Amoaben, the co-founder of the defunct UT Bank, averred the potential benefits of Mahama’s experience as a returning leader during his remarks at a fundraising dinner hosted by the […] The post Kofi
Vice President of IMANI Africa, Bright Simons has called on President Akufo-Addo to make public the KPMG’s report on the investigation conducted on the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML) deal. President Akufo-Addo says the SML Downstream petroleum service is needed however the Ministry of Finance (MoF) and the Ghana Revenue […] The post Release KPMG’s
The Ghana Revenue Authority (GRA) has clarified the status of resident individuals for tax purposes. According to the GRA, the clarification is on the back of concerns raised by the general public on the tax status of individuals who earn incomes abroad and whether they are deemed by the Tax laws as “resident individuals” for […] The post GRA clarifies taxes for resident individuals
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