NPRA gets tough on employers to pay SSNIT contributions

NPRA gets tough on employers to pay SSNIT contributions

The National Pensions Regulatory Authority (NPRA) has renewed its call on companies to ensure the payment of the pensions of their workers. The call comes at a time the regulator is keen on increasing the number of informal workers to...
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Ghana Health Service pays GH¢61,000 to government,out of GH¢ 116,400 vehicles auctioned

Ghana Health Service pays GH¢61,000 to government,out of GH¢ 116,400 vehicles auctioned

The Ghana Health Service (GHS) has paid Gh?61,000, being part payment of the GH¢ 116,400 realised from the sale of “unserviceable” vehicles, into government’s Non-Tax Revenue Account (NTRA). The auctioned cars were: Double Cabin Pickups, Station Wagons,...
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Government settles on 49% shares for ECG concessionaire

Government settles on 49% shares for ECG concessionaire

President Nana Akufo-Addo has announced three major amendments to the Power compact under the Millennium Challenge Corporation (MCC) which will allow for Private Sector Participation (PSP) in the Electricity Company of Ghana. The new terms of the agreement, he...
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Bank of Ghana puts 15-year limit on bank CEOs

Bank of Ghana puts 15-year limit on bank CEOs

The Bank of Ghana (BoG) is to implement new corporate governance guidelines for the banking sector next month, as it seeks to ensure that proper corporate governance practices are entrenched. The new guidelines will see the capping of the tenure...
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Ecobank bags $75m profit in first quarter of 2017

Ecobank bags $75m profit in first quarter of 2017

Ecobank Group has delivered a return on tangible equity of 16% on pre-tax profit of $75 million, from continued cost efficiency gains while revenue of $425 million went up 3% in constant dollars, despite macroeconomic headwinds. Ade Ayeyemi, Group CEO,...
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COCOBOD to destroy aging cocoa trees

COCOBOD to destroy aging cocoa trees

The regulator of cocoa sector in Ghana, Cocoa Board (COCOBOD), is to undertake a rehabilitation of cocoa farms in the country. According to Cocobod, all cocoa trees over 30 years on about 50,000 hectares of cocoa farms would be destroyed...
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Glo gains more than 110k subscribers as Expresso woes continue

MTN Ghana continues to occupy the top spot in mobile voice subscriptions for the period ending February 2017 recording in excess of 20.26 million subscribers representing an increase of more than two percent from January 2017’s figure of 19.8 million....
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Developing countries including Ghana risk losing credibility – World Bank President

Developing countries including Ghana risk losing credibility – World Bank President

World Bank President, Jim Yong Kim has warned that developing countries including Ghana stand the risk of losing credibility if they keep competing with the private sector in developing businesses and creating wealth for the economy. Governments must prioritiz...
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Mortgage rates seen falling

Mortgage rates seen falling

More workers are expected to qualify for mortgages to buy homes, as the local currency stabilises and Treasury Bills (T-Bills) rate show a downward trend. The Managing Director of HFC Bank, Robert Le Hunte, at the bank’s Annual General Meeting...
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Money Lenders Association Now Micro-Credit Association

Money Lenders Association Now Micro-Credit Association

The Money Lenders Association of Ghana has rebranded its name to Micro-Credit Association, Ghana (MCAG), with approval from the Bank of Ghana (BOG), to enable it to reposition the industry and serve its customers in an efficient and effective manner....
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