Business General News

Over 11 million unregistered SIM cards to be deactivated on May 31-NCA hints

2,085  The National Communication Authority (NCA) has announced that over 11 million unregistered SIM cards will be deactivated on May 31, 2023. The 11 million SIM cards subscribers who were exempted from the current exercise. These include diplomats, refugees, and Ghanaians on official duties outside the country. Others include subscribers who have registered some of […]

Business General News

Convert ¢926m principal payments of bonds to T-Bills – IBF to government

3,025  The Individual Bondholders Forum (IBF) is proposing to government to convert the ¢926 million principal payments of matured bonds into Treasury bills at the prevailing market conditions, if it faces liquidity challenges. However, it wants all outstanding coupons in cash as and when they fall due. In a statement by its Convener, Senyo Hosi, […]

Business General News

Ghana’s reserves almost empty; to end 2023 at nearly 3 weeks of import cover – IMF

1,672  Ghana’s net international reserves will end 2023 at nearly three weeks of import cover (0.8 month), the 2023 International Monetary Fund Regional Economic Outlook Report (Sub-Saharan Africa) has disclosed. Again, the report said Ghana’s reserves stood at a little above two weeks (0.6 months ) of import cover in 2022, contrary to the Bank […]

Business General News

Chamber of Automobile Dealership Ghana (CADEG) Not part of Luxurious Car Theft Business

1,439  The so called stolen cars that the EOCO and the security agencies are talking about is true that they have track all these cars that have been shipped to Ghana. Luckily all Chamber of Automobile Dealership Ghana (CADEG) Group none is involved. The Facts is as is going on peoples are having doubts abouts […]

Business General News

KGL Technology Limited calls for a review of taxes on Gaming and Lottery Marketing Companies

1,698  The management of the KGL Technology Limited, a subsidiary of the KGL Group, has appealed to the Government of Ghana to review the imposition of the new: 1. 20% Income tax on the “Gross Gaming Revenue” of lottery, betting and gaming companies. And 2. 10% Withholding Tax on winnings from lottery, betting and games […]

Business General News

MTN Ghana Foundation Launches Enterprise Support Program To Invest In Youth Entrepreneurship

1,369MTN Ghana Foundation has launched the Enterprise Support Program which is geared towards boosting youth entrepreneurship and driving innovation across the country. The initiative, which is in partnership with Innohub Foundation, is part of MTN’s legacy projects aimed at accelerating socio-economic growth through economic empowerment initiatives. Through this partnership, MTN Enterprise Support Program will support […]