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Business

LPG marketers backdown on closure of outlets

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LPG operators have announced the rescheduling of the maintenance of their retail outlets with immediate effect. The move according to the businesses, is to ensure uninterrupted supply of liquefied petroleum gas. The decision was arrived at after an emergency meeting between OMCs, Ghana Liquefied Petroleum Gas Operators and the Liquefied Petroleum Gas Marketing Companies on Thursday, October 19, 2017. LPG ...

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Businesses to face sanction for non renewal of license

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The Registrar General’s Department (RGD) has announced it will sanction companies that default in re-registering their businesses. The caution comes even though a deadline for defaulting companies is expected to be announced by the end of October 2017. The exercise also forms part of moves by the Registrar General’s Department to improve upon its operations. Even though the law stipulates ...

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BEIGE signs MOU with Africa Lead

Chief Executive Officer of BEIGE Capital, Mike Nyinaku

BEIGE Foundation and Africa Lead have signed a memorandum of understanding (MOU) to promote entrepreneurship development for youth in the country in the agricultural sector. The Agribusiness and Entrepreneurship Development Course is aimed at developing the capacity of entrepreneurs in agribusiness identification, planning, and management in order to strengthen start-ups and expand existing entrepreneurs. The course, which is supported by ...

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Poultry farmers oppose tax cuts for imported chicken

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Local poultry farmers have lashed out at government for granting tax cuts to frozen chicken importers. The comment follows claims of unfair treatment in the tax regime for frozen food importers. Early this week, some members of the Frozen Foods Importers Association petitioned government over some tax cuts being granted some of its members, which they assert has created unfair ...

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Mining firms reduce targets for gold prices

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Gold mining companies have disclosed that the declining price of gold on the international market has compelled them to adjust their operational strategy and forecast. The businesses also explain that the development has made them reduce their revenue expectations for their operations. The price of gold on the international market has been declining for some time now. An ounce of ...

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Roadshow for GH¢10bn energy bond starts today

Charles Adu Boahen - Deputy Finance Minister

Government will today (October 19, 2017) embark on a roadshow for the energy sector bond to be used to clear the energy sector debt. Today’s roadshow, to be carried out in London, is the first of two roadshows to be conducted ahead of the issuing of the bond.. The bond is also expected to be issued in tranches with the ...

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Digital property addressing system to formalize economy – Ghana Post

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Processes to formalize Ghana’s economy have been given a great boost following the launch of the digital property addressing system in Accra on Wednesday. This is the belief of the management of Ghana Post, who are partnering a Ghanaian company, Vokacom, and the Ministry of Communications to roll out the system, known as Ghana Post GPS. The new Digital Address ...

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SupaBet customers threaten to lock all branches

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Scores of customers of betting company SupaBets have vowed to shut all branches of the company till monies owed them running into three hundred and fifty thousand Ghana cedis (350,000) are paid. “If they do not pay us we will lock the SupaBet at Lapaz and we will do same at circle and all the other branches”. One of the customers told ...

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Banks advised to shun collateral lending

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The debate on whether collateral lending in the banking industry is a disincentive is fast coming up as some financial observers’ advice against using the method to advance loans. Even though full investigations are yet to be conducted into the cause of the collapse of UT Bank and Capital bank, some observers have hinted that collateral lending may have played ...

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Road show for energy bond starts tomorrow

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Government will tomorrow Thursday, October 19th, 2017 begin a road show for the energy sector bond, which will be used to clear the energy sector debt.. The show will commence in London on Thursday and there will be another in Accra on the 23rd of October, 2017. The 2.5 billion dollar bond which will be auctioned in tranches will start ...

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