Businesses can’t cope; food inflation rising – Haruna Iddrisu tells Akufo-Addo

Businesses can’t cope; food inflation rising – Haruna Iddrisu tells Akufo-Addo

The Minority Leader in Parliament, Haruna Iddrisu has said the economy is not doing well under the watch of President Nana Addo Dankwa Akufo-Addo. He said while speaking in Parliament on Tuesday April 5 that businesses are unable to cope with the harsh economic conditions. “Businesses cannot cope,” he said, adding that ” I see effort by the President to praise himself when he says he has constructed 10,000 km of roads. He simply could have said he put a flyover from Accra to Beijing that is 10,000 KM and probably we…

EOCO, Ghana Association of Bankers nab 4 in GH¢200,000 SIM swap fraud

EOCO, Ghana Association of Bankers nab 4 in GH¢200,000 SIM swap fraud

The Economic and Organised Crime Office (EOCO) in collaboration with the Ghana Association of Banks, has arrested four (4) persons engaged in SIM swap fraud. Suspects, according to a representative of the Association of Banks, Mr. Ransford Nana Addo Jnr, were picked up at various locations in the country for colluding and illegally accessing the accounts of some Ghanaians from which they stole various amounts. It emerged that they managed to withdraw an amount of about GH¢200,000 in their modus operandi before their cover was blown and subsequently apprehended by…

E-levy: Government should find ways to discourage cash-outs – Ken Ashigbey

E-levy: Government should find ways to discourage cash-outs – Ken Ashigbey

The Chief Executive Officer of the Ghana Chamber of Telecommunications, Dr. Kenneth Ashigbey, has called on the government to devise a measure to disincentivise Ghanaians from cashing out from their mobile money wallets. According to him, should the volume of electronic money transactions continue to decrease, as has been witnessed since the introduction of the E-levy, the purpose of the levy will be defeated. He has therefore called on the government to discourage Ghanaians from cashing out from their electronic wallets by revising the E-levy law. Speaking on JoyNews’ Newsfile, he explained…

Bawumia should be disappointed for neglecting the concerns of Ghanaians on the passage of the E-levy bill – Abeiku Santana [Video]

Bawumia should be disappointed for neglecting the concerns of Ghanaians on the passage of the E-levy bill – Abeiku Santana [Video]

Media Guru & Entertainment Show Host, Abeiku Santana has expressed his disappointment in the government for neglecting the genuine concerns of Ghanaians on the passage of the E-Levy bill some few days ago. Criticisms across the length and breadth of the country by the people to the ruling government started growing after Parliament approved on Tuesday the controversial electronic transaction tax, which the government says will help raise $900m in much-needed revenue. The E-levy bill, passed on Tuesday, will introduce a 1.5 percent tax on electronic money transfers and transactions.…

Ghana can generate billons of dollars from oil but the West says we should move to clean energy – Ofori-Atta

Ghana can generate billons of dollars from oil but the West says we should move to clean energy – Ofori-Atta

Finance Minister Ken Ofori-Atta has said that Ghana has multiple oil blocks that can help with the nation’s development but the West is calling for a drift from fossil fuel to renewable energy. He said the Ghana National Petroleum Corporation (GNPC) is seeking to acquire two additional oil blocks valued in excess of $2billion. “Ghana has multiple oil blocks and as we speak now, our own GNPC is looking to acquire stakes in just two blocks which are valued by an external valuer in excess of 2billion. Potentially, we could bring in billions of…

Businesses in Ghana show some level of financial recovery – Covid Firm Tracker reveals

Businesses in Ghana show some level of financial recovery – Covid Firm Tracker reveals

Firms show some level of financial recovery some months after the emergence of Covid-19 pandemic in the country with its accompanied restrictions including the partial lockdown, the Covid firm tracker, has revealed. From 0.8 percent in Wave II to 8.6 percent in Wave III, business establishments (all firms) have experienced an increase in access to financial services. Across sectors, the accommodation and food sector recorded the highest access to financial services in Wave III (13.1%) from 0.2 percent in Waves I and II. The agricultural and other industries sector, however,…

Former MASLOC boss running away from trial – Prosecution fumes

Former MASLOC boss running away from trial – Prosecution fumes

The State has accused former MASLOC Chief Executive, Sedinam Tamakloe Attionu of “just trying to avoid trial”. Principal State Attorney, Stella Ohene Appiah, made the claim in court on Monday, January 10, 2022. Mrs Attionu is standing trial at the Financial and Economic Division of the High Court with a former Operations Manager of MASLOC, Daniel Axi, for allegedly, wilfully causing financial loss to the State. They are facing a total of 78 counts of criminal offences but have pleaded not guilty on all counts. When the case was called…

MTN takes steps to decongest service centres during SIM re-registration

MTN takes steps to decongest service centres during SIM re-registration

In a bid to reduce congestion at various SIM card re-registration centres across the country, telecommunication giant, MTN Ghana, says it has deployed mobile teams to support activations going on at registration centres. In addition to that, it says it is set to have almost 200 community activations taking place across the country. It further added that it is working to increase the number of devices officers are using for the registration exercise to enhance the process. Speaking during a virtual media briefing, General Manager for Regional Sales and Distribution…

GRA defers implementation of revised benchmark values policy again to Jan. 17

GRA defers implementation of revised benchmark values policy again to Jan. 17

The Ghana Revenue Authority (GRA), has for the second time deferred the implementation of the reversal of reduction of values of imports (known as Benchmark Values) on selected items, to Monday 17th January, 2022. The Authority explains that the transitional arrangements are to ensure a smooth implementation. It is also to allow a storage-free period for vessels that discharged on 31st December 2021 to go through clearance without being affected by the reversal of the policy. According to a release cited by Citi Business News, effective Monday, 17th January 2022,…

‘Beautiful Christmas trees’ at airport cost GHS34K not GHS84K – Paul Adom Otchere

‘Beautiful Christmas trees’ at airport cost GHS34K not GHS84K – Paul Adom Otchere

The Board Chairman of the Ghana Airport Company, Paul Adom Otchere, has refuted allegations that the company bought four Christmas trees at GHS84,000 during the Yuletide. A Facebook user has alleged that the company bought the trees at GHS84,000, but did not pay workers’ salaries on time. Mr. Paul Adom Otchere, in a response on Facebook, however says the claims are untrue. The Host of Good Evening Ghana on Metro TV insists that the company rather bought the trees at GHS34,000 and also at a “heavy discount”. “The beautiful Christmas…