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VAT on phones to distort mobile money – Economist

AN ECONOMIST, Dr Ebo Turkson, has impressed on the government to be cautious with its new taxes on mobile phones as they could distort efforts in driving a cashless economy. Dr Turkson argues that the move could restrict access to mobile money use which dwells largely on mobile phone ownership. …

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uniBank still open for business-KPMG assures customers of safety of deposits

YESTERDAY, THE Bank of Ghana announced the appointment of KPMG as the official administrator of uniBank Ghana Limited to assume managerial control of the bank The powers, functions and responsibilities of the shareholders, directors and key management are suspended effective with the appointment of the official administrator The responsibilities of …

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COPEC runs to Special Prosecutor over transactions of BOST

BY ROSEMOND BOATENG ADDAI Rosemond.adjetey@yahoo.com THE CHAMBER of Petroleum Consumers (COPEC) has intensified their call for a change in the oil sector as they appeal to the office of the Special Prosecutor (SP) to investigate an alleged corruption in the transactions of Bulk Oil Storage Transportation (BOST). According to the …

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29m Ghanaians use 34m mobile phones

BY DAAKYEHENE OFOSU AGYEMAN A RECENT report on the Ghanaian Mobile Sector by Africa’s leading e-commerce company, Jumia, has revealed that Ghana is one of Africa’s largest mobile markets, with about 34.57 million subscribers and a penetration rate of 119%. Ghana’s population is now estimated at 29.6 million, up from the 24.5 million recorded …

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Another Ponzi scheme hits Ghana as scores lose millions to Savanna Brokerage

BY Osei Owusu Amankwaah THOUSANDS OF customers of an online investment scheme, Savana Brokerage, are counting their losses as the digital platform has been inaccessible for weeks. It is estimated that funds amounting to over GH¢2million coming from Ghanaians across the country has been invested in the digital investment platform. …

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Govt signs 39 M to finance ‘Planting for Food and Jobs’ policy

GOVERNMENT AND African Development Fund (ADF) have signed a loan agreement to support the ‘Planting for Food and Jobs (PFJ)’ programme.   Ken Ofori-Atta, the Minister for Finance, last Thursday signed the agreement on behalf of the government whilst Dr Yero H. J. Baldeh, the Ghana Country Manager of the Bank, signed on its behalf. …

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BoG industry average interest base rate for February 24.5%

BY ROSEMOND BOATENG ADDAI rosemond.adjetey@dailyheritage.com.gh THE LATEST Bank of Ghana (BoG) report on Annual Percentage Rate (APR) says the industry average base rate as at February 28, 2018 was 24.5%. The report says there is a drop of 1.1 %, compared with average rate of 25.6 % at the end …

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Vivo Energy Ghana nurtures Green Leaders

VIVO ENERGY Ghana has entered into partnership with Environment 360, a non-governmental organisation, to roll out a comprehensive recycling programme dubbed ‘CyClean’ targeted at basic schools in the James Town, Chorkor and Lartebiokorshie enclave of the Greater Accra Region. A release copied to the DAILY HERITAGE says the initiative forms part …

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50 companies to be listed on GAX – Manager

BY ROSEMOND BOATENG ADDAI Rosemond.adjetey@yahoo.com MR DAVID Tetteh, Manager of Ghana Alternative Market (GAX), Ghana Stock Exchange (GSE), has stated that his outfit is working to list about 50 companies this year as part of plans to renew itself. According to him, the GAX , therefore, has planned to engage …

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Inflation rises slightly to 10.6%

THE CONSUMER Price Index (CPI), which measures the change over time in the general price level of goods and services that households acquire for the purposes of consumption in the month of February 2018, has increased to 10.6% as compared to the month of January 2018. Briefing the press in …

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