Ghana loses nearly US$2.1 billion dollars to tax evasion and incentives annually, reveals a study carried out by the Integrated Social Development Centre (ISODEC), a civil society organisation. According to the study, which was conducted on behalf of the National Coordinating Council of the Public Services International (PSI), there was the loss of revenue in…
Citi Business News can confirm customers of DKM Diamond Microfinance limited will begin receiving their locked up investments by the end of this month, September, 2016. The payment will be made by the Registrar-General’s Department which is the official liquidator of DKM. Over 70,000 customers have so far been validated to receive their locked up…
The Managing Director of Unilever Ghana, Ms Maidie Arkutu has been honoured by the Business Excellence Magazine.She was presented with the award for the Most Outstanding Manufacturing Executive – Personal Products at the 2nd Feminine Ghana Achievement Awards 2016.The Feminine Ghana Achievement Awards, which took place at the Golden Tulip Hotel recently, identifies exemplary conduct,…
Some banks are impressing on the Bank of Ghana the need to possibly streamline the regulations for Mobile Financial Services. The Central Bank announced a new set of guidelines for the service about a year ago to improve money transfer via mobile phones. The new regulatory regime among others empowered telecom companies to also own…
Nii Osah Mills, the Minister of Lands and Natural Resources, has called for strategies that would respond to youth crime, re-integration and after-care services to support the development of vulnerable children and the youth.He said re-integration and after care services would address repetition, restore normal behaviour among juveniles and enhance reform. Nii Osah Mills was…
Ghana began pumping crude from a second offshore field operated by British company Tullow Oil on Thursday, hoping the additional revenue will boost its flagging economy. The Tweneboa, Enyenra and Ntomme (TEN) field expects to average around 23,000 barrels per day (bpd) in 2016, eventually reaching 80,000 bpd along with associated gas to be harnessed…
President John Mahama has pardoned three persons serving a four-month jail term for criminal contempt. A statement signed by the Communications Minister Dr Omane Boamah said the decision was taken on the advice of the Council of State and was on compassionate grounds.A radio host with the Accra-based Montie FM Salifu Maase and two panelists,…
Mobile Web Ghana and iSpace foundation have collaborated to launch the Unlocking Women and Technology project in Ghana. The project which aims to train women in technology, to improve their education and enhance business efficiencies, has been introduced by the two technology and entrepreneurship Non-for profit organisations, this week.Speaking at to the media, the Director…
A decision by Ghana’s security agencies to shut down social media platforms on election day to safeguard national security and stability has triggered ferocious public debate following concerns that early warning signs of conflict merited total blackout. The Ghana Police Service early this year said it was weighing the option of blocking social media services…