Latest Updates

Latest Updates

UDS

Three UDS students win GH¢45,000,00 business support fund

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Three students of the University for Development Studies (UDS) have each received GH¢15,000.00 to implement their business ideas to help create jobs to reduce dependence on government for employment. The three students, Miss Mariam Sulemana, Ms Christiana Opoku and Master Abdul-Hakim Zakaria, presented innovative business ideas in the areas of agriculture technology and nutrition, which …

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private sector

Credit to private sector improves amid recovery in economic activities

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Credit to the private sector grew at a faster pace in October compared with a year ago, as the economy recovers from the effects of COVID-19. Central bank data show that the year-on-year growth in private sector credit stood at 13.4 percent in October compared with 13.1 percent in October 2019. The total value of outstanding …

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Companies

Change auditors before August 2022 – Registrar General directs companies

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Private companies have been directed to replace their auditors that have served for more than six years. The affected companies are to comply with the directive before August 2022, the Registrar General, Mrs Jemima Oware, told the Graphic Business on Tuesday. Mrs Oware said the move was in compliance with Section 139 (11) of the …

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mobile

Mobile industry tax contribution hits GH¢3.2billion in 2019

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The Ghana Chamber of Telecommunication on Tuesday said the mobile network operators and infrastructure companies contributed GH¢3.2billion in taxes and other remittances to the government in 2019. The taxes include total taxes borne, total taxes collected and other payments and remittances. Value Added Tax (VAT) stood as one of the top tax lines of the …

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Mobile Money

Value of MoMo transactions drops after five months of consistent increase

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The total value of Mobile Money transactions has fallen for the first time after five months of continuous increase. The surge began in May, as it shot up from GHS32.8 billion in April to GHS41.5 billion, representing a whopping 26.5 percent increase. But after several months, it has dropped from GHS58.8 billion in September to …

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Ghana

Nissan appoints Japan Motors as vehicle assembly partner in Ghana

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Nissan has appointed longtime partner Japan Motors Trading Co. as its local partner in an all-new vehicle assembly facility in Accra, Ghana. The appointment is a result of the 2018 Memorandum of Understanding between Nissan and the government of Ghana to lay the foundation for a sustainable automotive manufacturing industry in the country. The first …

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Facebook

Coronavirus: Facebook accused of forcing staff back to offices

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More than 200 Facebook workers from around the world have accused the firm of forcing its content moderators back to the office despite the risks of contracting coronavirus. The claims came in an open letter that said the firm was “needlessly risking” lives to maintain profits. They called on Facebook to make changes to allow more remote …

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National

NIC releases list of insurance companies in good standing

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The National Insurance Commission(NIC) has shared with the general public all the insurance entities that can be trusted for business operations. NIC is the regulatory and supervisory body of the insurance services sector with a broad consumer. The commission has served the general public with the list of insurance entities in good standing as of …

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Fraud

Chartered Institute of Bankers to launch Code of Ethics to curtail fraud

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As part of efforts to reduce the number of fraud cases perpetuated by employees within the banking industry, the Chartered Institute of Bankers in collaboration with the Bank of Ghana and the Ghana Association of Bankers will soon launch the Ghana Banking Code of Ethics. According to the latest banking industry fraud report from the Bank of …

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