Thursday, November 14, 2019

SONA 2017: Ghana’s debt balloons to GH¢122bn

The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo has revealed that Ghana’s debt stock has ballooned to GH¢122 billion in 2016 from GH¢9.5 billion in 2009. The President made the revelation during...

Ghana’s mobile voice users hit 38m; MTN grabs 19m

Ghana’s total mobile voice subscriptions increased from 35,008,387 as at the end of 2015 to 38,305,078 by the close of December 2016. This represents a percentage increase of 9.42%, according to latest figures from the...

Gov’t to partner private sector to establish national airline

The Ghana Government is planning on partnering with an established private airline company in the establishment of a national airline. The minister for Aviation, Cecilia Dapaah, had earlier  hinted that Ghana will have its own...

HSBC sees full year profit plunge 62% to $7.1bn

HSBC has reported a 62% fall in annual pre-tax profit for 2016. The $7.1bn (£5.7bn) figure compares with $18.9bn a year earlier, and is well short of the $14.4bn analysts had been expecting. The bank attributed...

What Akufo-Addo’s SONA2017 should address

As President Akufo-Addo gets set to address Parliament this morning on the State of the Nation, policy think-tank IMANI has been looking at areas his address should focus on. Below is the full statement: Promising a...

GRA to tax mobile money services

The Ghana Revenue Authority is considering taxing mobile money services in the country. The move is in line with plans to plug loopholes in revenue mobilization in the informal sector. Figures released by the Bank of...

GCAA to scrap import duty on aircraft spare parts

The Ghana Civil Aviation Authority (GCAA) has given hint it will soon remove import duty on aircraft spare parts. The move is part of efforts to reduce the cost of domestic fares to boost...

Energy Bank to deepen commercial, SME relationships

Energy Bank says its strategic focus for this year is to deepen relationships with commercial, retail particularly the SME sector and consumer banking customers. This will be done through new product offerings targeted at their...

APR and AI paid on deposit drops at 27.6%

The Bank of Ghana has, on Monday, February 20, 2017 released its latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and  the Average Interest (AI) paid on...

AngloGold Ashanti remains committed to Ghana’s development

AngloGold Ashanti Limited has reiterated its commitment to playing a key role in unlocking the huge potential that exists in the mining sector to propel national growth and development. The Managing Director of AGA Obuasi,...