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Government’s digitisation programme will reduce interest rates – Bawumia

Vice President Dr Mahamudu Bawumia has said the digitisation programme embarked upon by government at the various public institutions would ultimately result in the reduction of interest rates on loans.  He explained that the digitisation programmes like the National Identification System and the National Digital Property Addressing System would make …

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Europe, Africa must forge deeper relations – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo on Tuesday stressed the need for Africa and Europe to forge closer, meaningful partnerships that would promote trade and investment between both continents. He said Ghana and the rest of Africa were looking forward to a more candid, equal, improved, mutually beneficial and not a …

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Ghana’s total public debt stands at GH¢138.9b – Bank of Ghana

Ghana’s total public debt stands at GH¢138.9 billion which is 68.6 per cent of GDP at the end of September 2017 from GH¢138.1 billion which was 68.3 per cent of GDP in August 2017, the Bank of Ghana has said. According to the central bank, of the total, domestic debt …

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Ghana faces risk as maturing foreign debt payment approaches – Moody’s

Ghana will be facing the risk of financing stress as payment of its international debts get near, according to a new report by Moody’s Investor’s Services. In the report copied to ghanabusinessnews.com, Moody’s says the maturity wall is approaching for countries in sub-Saharan Africa, including Ghana. “Ghana faces principal payment …

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First Lady urges Ghanaians in China to project Ghana

The First Lady, Mrs Rebecca Akufo-Addo, has urged Ghanaians living and working in China to project the good name of Ghana as they seek more knowledge to help develop the country.  “There is a lot to learn from China, therefore, those of you here should learn and bring the knowledge …

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Ghana Legal Council bans two lawyers for flouting rules of profession in KASAPA case

The Ghana Legal Council has banned two lawyers from the same law firm for breaching the rules of the legal profession for a period of two years. The Council has withdrawn their licenses. The two lawyers, Kwame Amoako and Charles Owusu Juanah belong to K-SAN Law firm where Juanah is …

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Remittance agencies urged to use technology to end long queues

Remittance agencies have been urged to deploy technology to create convenience for their customers during the Christmas and New Year festivities.  Mr Archie Hesse, Chief Executive Officer of Ghana Interbank Payment and Settlement Systems (GhIPSS), said in an interview that it was very important for remittance agencies to explore technology …

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Rwandan government condemns Libya slavery, offers sanctuary to migrants

The government of Rwanda is offering sanctuary to Africans held in captivity and being sold into slavery in Libya. The government joined the rest of the world to condemn the inhuman act. In a press statement issued Wednesday November 22, 2017 and copied to ghanabusinessnews.com, it said Rwanda, like the …

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Over one million businesses in informal sector dodge tax payment  – Commissioner-General

In excess of one million economically-active business entities in the informal sector have been found to be outside of the tax net – not paying any tax on their earnings. Commissioner-General of the Ghana Revenue Authority (GRA), Mr. Emmanuel Kofi Nti, said these businesses had not registered with the authority.  …

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