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No renewal of license for fronting companies – Petroleum Commission

Egbert Faibille

 The Petroleum Commission of Ghana has cautioned all businesses that engage in fronting to desist from the practice or face the law. The Commission has stated that it will not renew the license of any Joint Venture which fails to fully disclose the identities of its shareholders. The CEO of the Petroleum Commission, Egbert Faibille Junior believes the clamp down ...

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Aviation authorities attend 13th ICAO conference in Canada


The Deputy Minister of Aviation and MP for Takoradi,  Hon. Kwabena Okyere Darko-Mensah has led a team of Aviation experts from the Ministry of Aviation and the Ghana Civil Aviation Authority to attend the Thirteenth Air Navigation International Civil Aviation Conference(ICAO) conference currently ongoing in Montreal, Canada. Also part of the delegation are seasoned experts from the Ghana Meteorological Agency. ...

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Sports betting company betPawa awards customers


Mobile Sports Betting Company, Bet Pawa has awarded two of its customers with cash prizes after emerging winners of one of its bets. The winners,Evans Kojo Aidoo and Gideon Boateng  won twenty three thousand five hundred and thirty six cedis and twenty two thousand four hundred and sixteen cedis respectively, this was after they placed bets on some football matches. ...

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Govt raises GHS988m domestic bond

Finance Minister, Ken Ofori-Atta

Government has raised a total of 988 million cedis bond at a rate of 19.5 percent. The three-year domestic bond which was issued yesterday was also opened to non-resident investors. There is more in this report. An initial guide price for the bond which was open to non-resident investors was set at between 18.75 percent and 19.5 percent. The listing ...

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MTN Ghana revenue hits GHS3.54bn

Selorm Adadevoh - MTN CEO

MTN Group has announced that its Ghana unit’s third quarter revenue grew around 23 percent boosted by its mobile money service MoMo, a Reuters report has said. According to Reuters, MTN Ghana said revenue for the nine months ended 30 September 2018 rose to 3.54 billion Ghana cedi from 2.49 billion Ghanaian cedi during the same period a year ago. ...

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MTN shares soar despite incomplete investors’ data


It has emerged that MTN is yet to complete the reconciliation of information of some investors who bought into the company’s shares almost two months after the company listed on the Ghana Stock Exchange. As a result, managers of the stock market are anticipating increased trading activities on the exchange after the processes are completed. The Managing Director of the ...

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‘We’ll resist imposition of CTN through the back door’—GUTA                                                                                        

Tema Port

The Ghana Union of Traders Association (GUTA) wants the Ghana Revenue Authority (GRA) to revoke the quota system infused into the Cargo Tracking Note (CTN). According to GUTA, the quota system will bring unnecessary bureaucracy, time wasting, lobbying and cost that may create possible avenues for frustration and corruption. The union, has warned that it will vehemently resist any attempt ...

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Court strikes out name of one defendant in defunct uniBank case

Clifford Mettle

An Accra High Court hearing the case between the Receiver of Defunct uniBank, Nii Amanor Dodoo and shareholders of the bank has struck out the name of one of the defendant, Clifford Duke Mettle. Mr. Clifford Mettle was an executive director of defunct unibank until the Bank of Ghana revoked its license this year. The action, according to the court ...

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CUTS Ghana seeks strict tax enforcement in 2019 budget

Finance Minister, Ken Ofori-Atta

As the Finance Minister, Ken Ofori Attah prepares to submit the 2019 budget statement and economic policy to the government, several civil society groups have been sending their inputs for consideration. One of such is the CUTS Group which is primarily concerned with competition and how it affects the consumer. Among the proposals put forward include the need to enforce ...

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President appoints Jerry Ahmed Shaib as new CEO for Coastal Development Authority

Jerry Ahmed Shaib - CEO, Coastal Development

President Akufo Addo has appointed Mr.  Jerry Ahmed Shaib as the CEO of the Coastal Development Authority in pursuant to Section 3(1) of the Coastal Development Authority Act, 2017 (Act 961). His appointment will however require confirmation from the governing Board of the Authority in consultation with the Public Services Commission. This appointment follows the resignation of former CEO, Samuel ...

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