Business General News

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

3,827  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

2,023  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

1,782  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

2,030  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

1,709MTN 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 […]

Business General News

Ashanti Car Dealers Spit Fire

2,342    THE EXECUTIVE Car Dealers Association in Ashanti Region, have complained bitterly about what they termed as “exorbitant import duties on cars at the port”. The Chairman of the irate group, Prince Kumi aka ‘Maxi the Car Dealer’, lamented that their businesses are on the brink of collapsing due to the ‘ killer’ duty […]