Business & Economy
March 17, 2023
Ben
Ben
Illegal miners set fire to Golden Star Wassa Mine, forcing workers to run for their lives
On a hot and humid day in the small town of Wassa, Ghana, chaos erupted at the Golden Star Wassa Mine. The workers were going about their daily routine when a group of illegal miners stormed the facility and set it on fire. The illegal miners, known as “galamseyers,” had been a thorn in the […]
March 8, 2023
Stella Pinewood
Stella Pinewood
A further 500,000 businesses will be struck off the register – the Office of the Registrar of Companies
Companies that have not renewed their certificates or filed their annual returns since incorporation will be struck off the register, according to the Office of Registrar of Companies. This directive is expected to affect more than 500,000 companies. Jemima Oware, the Registrar of Companies, urged the firms that refuse to renew their certificates to avoid […]
4min
62
March 3, 2023
Stella Pinewood
Stella Pinewood
Global fruit and vegetable industry to meet in Italy
At this year’s MacFrut Exhibition in Rimini, Italy, stakeholders from across the fruit and vegetable value chain will converge. Participants will have the opportunity to share knowledge, network, and trade agricultural equipment during the conference, scheduled for May 3 to 5, 2023. Furthermore, they will take advantage of Italy’s expertise in agricultural production and manufacturing. […]
4min
47
February 15, 2023
Stella Pinewood
Stella Pinewood
Bank of Ghana is assigned a Resident Advisor by the IMF
To supervise the country’s financial sector, the International Monetary Fund has appointed a Resident Advisor to the Bank of Ghana. This appointment was at BoG’s request and will be fully funded by Switzerland’s State Secretariat for Economic Affairs (SECO). An Irish and Kenyan, Leonard Chumo, has been selected as the fund’s new head of the […]
4min
27
February 11, 2023
Stella Pinewood
Stella Pinewood
The Foreign Minister of South Africa kicks against the ‘back tax’ in Ghana
Attempting to raise more money from ‘back tax’ penalties may cause investor revolt in Ghana. Following the warning from South African Foreign Minister Naledi Pandor, Bloomberg reports that South African companies have disinvested in countries where they were facing challenges, damaging their economies. MTN, Tullow, Goldfields and Kosmos Energy had been penalized for back taxes […]
4min
27
February 6, 2023
Stella Pinewood
Stella Pinewood
MTN Ghana to increase data prices effective February 7th
Customers on the Pay Monthly and Pay-As-You-Go customers of MTN Ghana will begin receiving a 15 percent price increase starting February 7. Data bundles will be evaluated based on offers, according to the telecom giant. On November 14, last year, the company announced it was planning to increase data prices, but that was suspended after […]
2min
17
February 5, 2023
Stella Pinewood
Stella Pinewood
Social Media Trends: Patriotic Spaces
It was an evening to remember for Ghana – the #PatrioticSpaces event held last evening was a hit among participants and social media users. With his knowledge and insights into foreign direct investment as a tool for national development, guest speaker Yaw A. Afriyie impressed the audience. Participants were quick to take to social media […]
3min
88
February 5, 2023
Stella Pinewood
Stella Pinewood
Gold for Oil: Everything you need to know
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 […]
5min
20
February 4, 2023
Stella Pinewood
Stella Pinewood
Ghana has withdrawn a $672 million back-tax demand from MTN Group
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 […]
3min
52
February 2, 2023
Ben
Ben
In order to support workers in both the formal and informal sectors, Samaritan Angels
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. […]
4min
24
March 21, 2023
