ECG ‘begs’ GRA to offset ¢600m tax obligation
The Electricity Company of Ghana (ECG) is negotiating with the Ghana Revenue Authority (GRA) to offset about ¢600 million of its tax obligations to the state. The GRA intends to write off the debt of some “sensitive” public sector institutions that have accumulated over the years. Samuel Dubik Mahama, the Managing Director, ECG, who disclosed […]
Economy slows down in Q4 2022
Economic growth slowed to 3.7 percent in the fourth quarter (Q4) of 2022 compared to 5.6 percent in the same period of 2021, according to provisional data released by Ghana Statistical Services (GSS). The provisional real quarterly gross domestic product (GDP) data indicate that non-oil GDP also declined – from 6.9 percent in 2021 to 4.3 percent […]
GRA board, SML Ghana to boost revenue collection audit beyond downstream sector
as latter’s innovative technology earns praise from tax authority The Ghana Revenue Authority (GRA) has expressed its commitment to supporting Strategic Mobilisation Limited (SML) Ghana – a revenue and assurance audit firm, as it expands its gatekeeping services beyond the country’s petroleum downstream sub-sector. During a stakeholder engagement between the Board of GRA and SML […]
$2.5m of crude condensate missing at Tema Oil Refinery – Energy Minister
$2.5m of crude condensate missing at Tema Oil Refinery – Energy Minister $2.5m of crude condensate missing at Tema Oil Refinery – Energy Minister GraphicOnline Apr – 20 – 2023 , 07:05 The Energy Minister, Dr. Matthew Opoku Prempeh, has revealed that crude condensate worth $2.5m has gone missing from the Tema Oil Refinery (TOR). Dr. […]
I’ll overhaul governance system to end corruption — Kofi Koranteng
• Kofi Koranteng — Independent presidential hopeful I’ll overhaul governance system to end corruption — Kofi Koranteng Samuel Duodu Politics Apr – 20 – 2023 , 07:31 An independent presidential hopeful for the 2024 general election, Kofi Koranteng, has pledged to overhaul the country’s governance system to address issues of bad leadership and corruption. Mr Koranteng who […]
NPP petitions police to arrest Mahama, Asiedu Nketia over ‘treasonable and incendiary comments’
The governing New Patriotic Party (NPP) has petitioned the Criminal Investigations Department (CID) of the Police Service to arrest ex-president John Mahama for allegedly making treasonable remarks. The National Organiser of the party Henry Nana Boakye popularly known as ‘Nana B’ said the NPP wants the CID to arrest the National Chairman of the opposition […]
Collapse of Beige Bank: Witness accuses former CEO of making bank his ‘cash cow’
Michael Nyinaku The first prosecution witness in the criminal case against the former Chief Executive Officer (CEO) and owner of the defunct Beige Bank, Mike Nyinaku, has alleged that the bank was turned into a ‘cash cow’ for the accused where customer funds were siphoned at his will. Julius Ayivor, a chartered accountant said the […]
Prioritising China in debt cancellation quest not the best – Economist to government
Finance Minister, Ken Ofori-Atta A development economist at the University for Development Studies (UDS) says government’s decision to place a premium on the involvement of China in pursuit of debt forgiveness is rather not the best. Dr Michael Ayamga said although China is Ghana’s biggest creditor, the country would be in good standing if other […]
Cedi to record mixed performance this week
The Ghana cedi is expected to record a mixed performance this week as the market awaits a decision of Ghana’s external debt restructuring with its bilateral creditors. The Paris Club of International Creditors has set up a partial creditor committee to begin restructuring talks with Ghana. Many analysts and market watchers will therefore be watching […]
From Ghana to Germany: Tracking down the owner of a lost wallet
The black, weathered, plastic wallet found on the Italian island of Lampedusa had been carried 3,500km (2,200 miles) from Ghana and then seemingly discarded. Opening it up, Richard Opoku’s face stared back at me from the corner of his driver’s licence. It was one of a cache of personal documents, belonging to various people, that […]
