Ghana Business News — Ghana’s Premier Business News Portal
WEBAfrica’s mounting debt crisis and the need for reform in the global financial architecture. Aug 8, 2024 0. Africa’s debt stocks have grown significantly in the past decade. Understandably, African governments took advantage of historically low interest rates in the 2010s and borrowed heavily from international capital markets and China.
Ghana introduces beneficial ownership regime for company …
WEBMar 30, 2021 · The Registrar-General’s Department (RGD) has introduced the Beneficial Ownership (BO) Transparency Regime as part of the Company Registration processes under the Companies Act 2019 (Act 992). A statement signed by Mrs Jemima M. Oware, the Registrar-General, and copied to the Ghana News Agency, said one of the purposes for which the BO Regime ...
Newmont Africa pays over GH¢2b in taxes to Ghana government
WEBAug 28, 2023 · Newmont Africa has paid a total of GH¢2.046 billion in taxes, royalties, and carried interest to the government, through the Ghana Revenue Authority, Forestry Commission, and Ministry of Finance. The payment was made in the first half of 2023 in its operations in Ghana (Ahafo South and Akyem mines). A statement issued in …
Fire outbreaks in Ghana destroy properties worth over GH¢36m
WEBJul 19, 2022 · Fire incidents have destroyed properties worth GH¢36.197 million from January to June 2022, the Ghana National Fire Service, has said. The cost of salvage is over GH¢8 million. The figure is an increase over last year’s loss of GH¢24.2 million during the same period. A total of 35 persons perished and 207 others suffered injuries.
Northern Development Authority recovers GH¢185,000.00 from …
WEBJan 21, 2023 · The Northern Development Authority (NDA) has, over the past three years, recovered GH¢185,000.00 out of GH¢2,375,910.00 being debts accruing from the sale of motor tricycles. Mr Sumaila Abdul-Rahman, the Acting Chief Executive Officer (CEO), NDA, testifying at the Public Accounts Committee’s hearing in …
ADB shareholders empower Board to raise GH¢2b additional capital
WEBOn Jan 12, 2024. Shareholders of the Agricultural Development Bank PLC (ADB) have granted approval to the board for a record capital injection of GH¢2 billion to strengthen operations. The approval now empowers the bank to raise the additional equity capital of up to GH¢2billion through a renounceable rights issue.
Aflao GRA Customs exceeds 2022 revenue target by GH¢4 million
WEBFeb 20, 2023 · The Aflao sector Customs Division of the Ghana Revenue Authority (GRA), has exceeded its revenue target for 2022 by GH¢4 million. The Aflao sector mobilized GH¢213.84 million out of a revenue target of GH¢209.74 million for 2022, which was exceeded. Mr Joseph Allan, Chief Revenue Officer (CRO) of Customs, who doubles as the Second-in Command ...
Gold Fields announces new leadership team in Ghana
WEBOn May 9, 2024. Gold Fields Limited has announced a new leadership team for its Tarkwa and Damang Mines in Ghana. They are Mr Elliot Twum, who has been appointed as Vice President and Interim Managing Director for Gold Fields Ghana, and Ms Catherine Kuupol Kuutor, the Tarkwa Mine Manager, making her the first woman to be appointed to a …
More than $9b worth of Ghana gold exports unaccounted for
WEBOct 30, 2021 · An assessment of trade data on gold export between Ghana and its major partner nations, including India, United Arab Emirates and Switzerland in 2019, revealed that more than $9 billion worth of gold exports remained unaccounted for. Members of the Committee include representatives from the Minerals …
NBSSI is now Ghana Enterprises Agency - Ghana Business News
WEBJun 7, 2021 · The Ghana Enterprises Agency Act, 2020 (Act 1043), was passed by Parliament in November 2020 and assented to by President Nana Addo Dankwa Akufo-Addo in December, 2020. The Act repealed the National Board for Small-Scale Industries Act 434, (Act 1981). Ms Yankey-Ayeh said the NBSSI’s annual budget had increased from GH¢20,000 in 2016 to GH¢ ...