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Business

6 Taxes likely to be Scrapped in 2017

Businesses are likely to experience some tax cuts and in some cases total scrap in 2017 following the coming on board of a new regime. During its campaign the President elect Nana Akuffo- Addo as well as his running mate Dr Bawumia asserted that they will embark on a number …

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FDA discounts claims of ‘plastic rice’ on market

The Foods and Drugs Authority (FDA) has dismissed rumours of a purported type of “plastic rice” being offered for sale on the Ghanaian market. The Chief Executive Officer (CEO) of the FDA, Mr Hudu Mogtari, said the allegations of the sale and distribution of the said rice were false. He …

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Fuel prices to go up by 2% – IES

The Institute of Energy Security has said fuel prices are likely to go up by 2% from December 16 to December 31, 2016 per the second pricing window.Speaking to the media, Principal Research Analyst at the Institute of Energy Security, Richard Rockson said consumers should brace themselves for an increment …

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MTN apologises over Wednesday network outage

Communications giant MTN has apologised to its numerous customers for the frustrating network outage that occurred Wednesday night.Thousands of MTN customers took to various social media platforms to express their frustration after they were unable to make or receive calls and also access the internet between 9:30pm Wednesday and 12am …

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Inflation drops to 15.5% in November

The prices of goods and services in the month of November was fairly stable as inflation for the month went down.Inflation dipped from 15.8% in October to 15.5% in November 2016.This is the lowest in the last twelve months.The year-on-year non-food inflation rate for November 2016 was 18.7% compared with …

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Akufo-Addo must uphold his promise to us – DKM customers

Aggrieved customers of DKM Microfinance Company have asked president elect, Nana Akufo-Addo, to deliver on his promise of getting their locked up investment paid back to them. Akufo-Addo in the run up to the just ended 2016 presidential and parliamentary polls, pledged to reimburse the victims of the DKM scandal. …

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TUC to work with Akufo-Addo’s govt to protect workers’ interest

The Trades Union Congress (TUC) says it is ready to cooperate with the next government under the leadership of Nana Akufo-Addo to protect the interest of workers and their families. A press release signed by TUC General Secretary, Yaw Baah, organized labour was hopeful that together with the new administration, …

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ADB commences trading on GSE today

The Agriculture Development Bank is expected to officially commence trading on the Ghana Stock Exchange from today, December 12, 2016.The Bank over the weekend announced the successful completion of its Initial Public Offer. It raised 326 million cedis as against the 380 million cedis target representing 85 percent.The ADB IPO …

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Cedi slides amid polls uncertainty

The local currency has come under intense pressure in the run up to the elections, recording about 0.13 percent fall since November 30 and bringing the year-to-date depreciation rate to six percent. The cedi has had a fairly stable year in which, as at end of November, it had depreciated …

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Gov’t targets 8% growth rate next year

Finance Minister Seth Terkper President John Mahama has once again assured the nation that the economy will recover after it increased revenues and took tough measures to limit public sector wages and spending. Some of the measures were taken as part of the programme with the International Monetary Fund. According …

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