In 2018, Dr. Mahamudu Bawumia, the Vice President of Ghana, announced a revised government policy called Gold for Oil (G4O). According to government policy, oil imports can be paid for with gold purchased by the central bank, in direct barter. According to the Vice President, the move was made as a result of the depreciating […]

The Ghana Revenue Authority (GRA) has withdrawn a tax bill of GH8.2 billion ($672 million) against Africa’s largest wireless carrier, MTN Group Limited. After a 21-day negotiation period between Ghana’s revenue authority and the mobile-phone operator, Ghana’s decision came after “extensive and productive discussions,” MTN said on Friday (February 3, 2023). The decision to withdraw […]

Samaritan Angels Limited has launched a 10-million-ghana initiative. The project, titled “I AM INVESTIBLE,” was initially funded with GH¢3million. According to the company, they are entitled to a maximum amount of GH¢50,000 once they successfully complete the process to access the funds. This initiative is expected to transform the operations of traders, artisans, and entrepreneurs. […]

There were four people involved in the theft of GH1,262,496.66 from Best Point Savings and Loans Limited, each sentenced to twenty years in prison. The Accra Circuit convicted them. In the aftermath of the sentence, the four people broke down in tears, along with some relatives who were unable to control their tears. Before being escorted […]

United Bank for Africa Plc (UBA) has appointed Mrs. Abiola Bawuah as Chief Executive Officer (CEO). Besides joining the Group Board, Bawuah will also oversee the Group’s operations across the African continent, the bank announced on Monday. A Ghanaian by birth, Bawuah is UBA Africa’s first female CEO. Bawuah previously served as Regional CEO, West […]

The Ghana Revenue Authority (GRA) has arrested some officials of some notable shopping centers in the Greater Accra region for issuing fake VAT invoices. The shops include China Mall, Sneda Shopping Centre, Palace Mall and Second Cup Coffee all on the Spintex Road, as well as Shoprite at the Junction Mall in Nungua. The exercise […]