Latest Updates

National Project Coordinator for Sustaining Competitive and Responsible Enterprises (SCORE), a project under the International Labour Organisation, ILO has stated that reducing the number of employees in the current economic environment, as part of measures to control the negative impact of COVID-19, is not the best decision for business owners. According to him, the labour …

COVID-19: Business owners urged to be measured in reducing employee numbers Read More »

The Economic and Organised Crime Office (EOCO) has warned the public against doing business with a Chinese Company called Chy Century Heng Yue Group Limited and Sairuir-Commerce Ghana Limited. In a statement, EOCO said it had been monitoring the company since the middle of 2020 and has concluded it is a Ponzi scheme. “The company …

Don’t invest in Chy Century Heng Yue; it’s a Ponzi scheme – EOCO cautions Ghanaians Read More »

Frances Adu-Mante appointed Board Chair of Absa Bank Ghana Limited. Absa Group is pleased to announce the appointment of Mrs Frances Adu –Mante as Board Chair of Absa Bank Ghana after securing the necessary regulatory approvals. Mrs Adu-Mante, who has served on the Board since September 2017 succeeds Mr. Charles Alexander Cofie, who completed his …

Frances Adu-Mante appointed Board Chair of Absa Bank Ghana Limited Read More »

The Food and Drugs Authority (FDA) has revealed that as part of its activities for 2021, it is working with the Ghana Health Service and the Ministry of Health to ensure that a COVID-19 vaccine is approved for the use by Ghanaians. According to the Chief Executive Officer of the Authority, Mrs. Delese Mimi Darko, once the …

FDA working to approve coronavirus vaccine amidst second wave Read More »

Effective April 1, 2021, taxpayers will be required to use the Ghana Card Identification Number for tax purposes. This is according to the Ghana Revenue Authority, GRA. The Authority states that this forms part of efforts to identify and rope in more eligible taxpayers, especially those in the informal sector and enable organizations to easily …

Ghana card identification number to replace TIN in April 2021 – GRA Read More »

The Managing Director of Standard Chartered Bank, Mansa Nettey, has been elected as the new President of the Ghana Association of Bankers (GAB). This comes after the General Council of the Ghana Association of Bankers unanimously endorsed her appointment. She succeeds the immediate past President, Mr. Alhassan Andani who stepped down following his retirement as …

Ghana Association of Bankers appoints Mansa Nettey as new president Read More »

Telecommunications giant, MTN Ghana has disclosed it will extend a deadline that requires customers on its mobile money platform to present a valid national ID for transactions. The implementation was earlier expected to kick off from February 1, 2021 but according to General Manager of Mobile Money Limited, Eli Hini, the directive has since been …

MoMo: MTN postpones implementation date for valid ID requirement Read More »

e-Conomy Africa 2020, a new report released today by Google and the International Finance Corporation (IFC), estimates that Africa’s Internet economy has the potential to reach 5.2% of the continent’s gross domestic product (GDP) by 2025, contributing nearly US$180 billion to its economy. The projected potential contribution could reach US$712 billion by 2050. Driving this …

Africa’s Internet economy could be worth US$180 billion by 2025 – Google-IFC report Read More »

The Social Security and National Insurance Trust (SSNIT) has increased monthly pension by 10 percent for the year 2021. This implies that all pensioners on the SSNIT Pension Payroll, as of 31st December, 2020 will have their monthly pension increased by a fixed rate of 9.34 percent, representing the annual average Price Inflation plus a …

SSNIT’s 10% pension increase not enough – Labour Consultant Read More »