The Bulk Oil Storage and Transportation Limited (BOST) has debunked earlier media reports which suggested that the company paid a little over GHS 28 million for the purchase of iPhones for its corporate executive members. In a statement issued on September 30, the Oil Company maintained, it has made some purchase of the said iPhones …
Former President John Mahama has been approached by the leadership of customers of the now-defunct Menzgold Company Limited, seeking his help in retrieving their funds locked in the illicit gold dealership and investment company. The customers have suffered since the company was shut down in 2018, with 217 people dying and some suffering from blindness …
Five business executives suspected to have breached data protection laws have been arrested by a joint team operation led by the Data Protection Commission (DPC) and the Ghana Police Service. The Commission in a bid to ensure that businesses possess the required authorisation to process clients’ data embarked on an enforcement operation on Thursday to …
Eleven shop managers have been summoned by the Domestic Tax Compliance Taskforce of the Ghana Revenue Authority (GRA) for thorough investigations into their business operations. The shop owners have been involved in issuing selective VAT invoices and have failed to adhere to tax compliance regulations, leading to substantial revenue losses for the state. The GRA …
The Ghana Extractive Industry Transparency Initiative (GHEITI) says enough progress has been made in tackling the issues of obscure licensing procedures and concealed ownership. Dr Steve Manteaw, the Co-Chair of the GHEITI, at a dissemination workshop, highlighted the significant progress that was made in promoting transparency and accountability within the extractive industry, leading to solving …
The Bank of Ghana has pegged the depreciation of the cedi to the American greenback at 22.5 percent as of the September 2023. One will now need GHS 11.07 to exchange a dollar on the interbank market. In the Central Bank’s latest Summary of Economic and Financial Data for September 2023, the cedi has also …
The Ghana Revenue Authority (GRA) has appealed to the business community to collaborate with its taskforce as the Authority moves to engage leadership of traders to address concerns over the collection of taxes. This comes on the back of a warning by the Ghana Union of Traders Association (GUTA), against the GRA over allegations of …
Ivy Eva Yankah, the General Manager of Papaye, has highlighted the significance of Citi TV and Citi FM’s Business Olympics in fostering high-level networking opportunities among corporate organizations in Ghana. During an interview with Frema Adunyame on Citi TV’s Breakfast Daily, she emphasized the value of the event in bringing together professionals from diverse corporate …
The Executive Director of the Economic and Organized Crime Office (EOCO) COP Maame Yaa Tiwaa Addo-Danquah (Mrs) has reiterated the commitment of her outfit to working with other bodies to ensure that laws governing the tobacco trade are complied with to the letter. She noted that the illicit tobacco trade poses a challenge as other …
The Mobile Telecommunications Network (MTN) has declared that the act of split cash transaction is illegal, urging its clients to report any Mobile Money (MOMO) agent who engages in such unlawful practice for action. The MTN charges for mobile money cash transactions at a fixed rate pegged at GH₵10 cedis on GH₵1000 and above for …