Vodafone secures 4G Licence

Vodafone Ghana has officially reached an agreement with the National Communications Authority (NCA) for the purchase of one slot of the 2×5MHz frequency spectrum in the 800MHz band for mobile services. The slot, purchased at the cost of US$30million, was awarded to Vodafone following successful financial negotiations with the NCA, in line with the Authority’s […]

Read more

ISSER warns against excessive borrowing

The Institute of Statistical, Social and Economic Research (ISSER) said the country has resorted to external borrowing because it has consistently under-achieved its revenue targets. ISSER stated that government had borrowed about GHS50billion over the past years, including bailout loans, adding that, if the situation is not checked, it would lead to high-interest payments which […]

Read more

Adopt electronic payment as a way of life – Dr Bawumia

The Vice President, Dr Mahamudu Bawumia, on Wednesday launched the Phase-Two of the Mobile Money Interoperability Payment System and urged Ghanaians to adopt electronic payment as a way of life. He said the nation had reached an era of electronic payment, therefore, there was no choice but to go with the tide in order to […]

Read more

ECG invests more than GHC14 million in Accra West

The Electricity Company of Ghana (ECG) has spent more than 14 million Ghana cedis (a total of GH¢ 14,272,134.32) on improving its System and expansion projects in the Accra West Region, between January and October this year. The amount represents the cost of constructing 250 new projects to extend supply to unserved communities and improving […]

Read more

President’s dismissal of GEPA CEO improper – Audit Service

Internal auditors have described President Akufo-Addo’s dismissal of the former Executive Secretary of the Ghana Export Promotion Authority, Gifty Klenam as “irregular and improper”. Referring to the Ghana Export Promotion Council Act, the internal auditors held the view that Gifty Klenam can only be sacked by the Minister for Trade and Industry and not the […]

Read more

IMF highlights emerging threats to Ghana’s programme in review statement

An official statement issued by the IMF after completing the seventh review visit to Ghana, the Fund has highlighted key threats to the country’s ongoing programme. The Fund, for instance, took issues with Ghana’s figures in terms of revenue generation, expenditure and tax exemption measures. The review statement, published below, was, however, quick to add […]

Read more

$50billion century bond to be captured in 2019 budget – Ken Ofori Atta

Finance Minister, Ken Ofori Atta has hinted that the next budget reading will announce processes in issuing the government’s ambitious 50 billion dollar century bond. According to Mr Ofori Atta, the issuance of the bond should help address major challenges confronting the country such as the cedi depreciation. The decision to issue the 50 billion […]

Read more

New incentives for automobiles as Nissan joins market – Bawumia

Vice President Dr. Mahamudu Bawumia has stated that government will ensure that both local and international automobile companies operating in Ghana, will be given equal incentives to enhance their operations. Following the announcement by the President that German automobile company, VW, will set up a plant in Ghana, local automobile company, Kantanka expressed concerns over […]

Read more

Investigroup signs a $10 billion MoU with Omani Company to build Ghana roads

To realize Ghana’s full economic transformation, our road network needs to be second to none. That is why Investigroup based out of the USA with offices in several countries including Ghana has signed a working MOU with MFAR Group of Companies to renovate and/or construct the road infrastructure in Ghana. In a visit to Oman […]

Read more

Government has comprehensive incentives for the 1D1F initiative – Alan Kyeremanten

Mr Alan Kwadwo Kyeremanten, Minister of Trade and Industry on Tuesday said government has outlined a very comprehensive set of incentives for Companies and Businesses that promote the, “One District One Factory” initiative to develop the country. The incentives include duty free status for importing machinery and equipment, duty free for importing all raw materials […]

Read more