The factories under construction As part of the government’s “One District, One Factory (1D1F)” initiative, Afram Plains South District in the Eastern Region is set to get two factories. The
ADB Seeks GH¢127m To Recapitalise
John Kofi Mensah, ADB MD AGRICULTURAL DEVELOPMENT Bank (ADB) has made a private placement of 39,076,924 ordinary shares of no par value to the Ghana Amalgamated Trust (GAT) to raise
Dannex, Ayrton, Starwin Merge
DANNEX PLC has announced its merger with Ayrton Drugs Manufacturing Limited and Starwin Products Limited. The merger, which has brought about a new entity–Dannex Ayrton Starwin–has been approved by the
Takoradi Port Traffic Increases
The Takoradi Port recorded an increase in port traffic from 8.2 million metric tons (mt) in 2018 to 9.9 million mt in 2019, representing an increase of 21 per cent
MTN Makes R14bn In Asset Sales
Rob Shuter MTN HAS announced its Asset Realisation Programme (ARP) in March 2019 which aims to simplify its portfolio, reduce debt and risk, improve returns and realise proceeds of at
Ghana Okays ECO
President Akufo-Addo (right) in a handshake with President Alassane Ouattara of Cote d’Ivoire EIGHT WEST African countries have announced their decision to discontinue the use of the CFA franc in
GRA Exceeds GHS43bn 2019 Revenue Target
Professor Stephen Adei Board Chairman of the Ghana Revenue Authority (GRA), Prof Stephen Adei says the Authority (GRA) exceeded its revenue target for 2019. Government revised its revenue target from
BoG Justifies Release Of Higher Cedi Notes
Dr Ernest Addison The Bank of Ghana (BoG) has indicated that the introduction of new denominations was the result of a well-thought out currency reform programme. In a release issued
Gov’t Announces Savings Fund For Disaporans
Ken Ofori-Atta (middle) flanked by Barbara Oteng Gyasi, Charles Adu-Boahen and other dignitaries GOVERNMENT HAS indicated it will establish the “African Sankofa Savings Account”, a Diasporan investment and savings fund,
GHS194,000 Worth Of Fuel lost In Tanker Fire Near Buipe Depot – BOST
The Bulk Oil Storage and Transportation Company Limited (BOST) has estimated the value of product lost in a fire incident that occurred near its Buipe Depot at GHS194,760.00. Initial reports
Hippo Limited Distressed Over GH¢1.3 BN Tax Evasion
Mr Nathaniel Tetteh addressing the media in Kumasi after the exercise The Ghana Revenue Authority (GRA) has taken action to distress Hippo Limited for evading tax to the tune of
SSNIT Targets 24,000 New Pensioners For 2020
Dr John Ofori-Tenkorang The Social Security and National Insurance Trust (SSNIT) is hoping to add an additional 24,000 pensioners onto the pension scheme in 2020. Director-General of SSNIT, Dr John
SSNIT To Pay GH¢ 243m Pension In 2020
The Social Security and National Insurance Trust (SSNIT) is expected to pay pensions in excess of GH¢ 243 million in 2020. The amount represents an indexation rate of 11? for