Home / News / Business (page 30)

Business

Business News

3% VAT flat rate takes off

The Ghana Revenue Authority (GRA) has commenced the application of the 3% VAT Flat Rate to replace the previous 17.5% Input – Output VAT computation approach effective July 1, 2017. The old approach, which suffered low compliance due to the extensive paperwork in filing VAT returns is being replaced …

Read More »

Bucharest, Budapest back to TAP’s network

TAP operation between Lisbon and the cities of Bucharest and Budapest has begun. These destinations are now back to the destinations map of the Portuguese Airline, and joins the 44 international European destinations already served by TAP. Flights between Lisbon and Bucharest will operate six times a week, on …

Read More »

China’s $9tn bond market opens up to foreign investors

A long-awaited scheme enabling foreign investors to buy and sell Chinese bonds has been launched. The Bond Connect programme is Beijing’s latest attempt to open up its financial markets and attract foreign capital. China’s $9 trillion bond market is the third-largest in the world, but only 2% of Chinese …

Read More »

1-district-1-factory won’t compete with existing factories – Minister

The Volta Regional Minister, Dr. Archibald Letsa has disclosed that, Agro-base Processing factories which are already operating in some districts of the region will not be given any competition from the government’s ‘one-district-one-factory’ policy. The policy which forms part of the Akufo-Addo led administration’s national industrialization agenda, intends to …

Read More »

I’ll sue Ken Agyapong – Senyo Hosi

The CEO of the Chamber of Bulk Oil Distributors Senyo Hosi is threatening to drag New Patriotic Party (NPP) MP for Assin Central to court for allegedly maligning him. Mr. Hosi is demanding an apology and retraction from the maverick politician in 24 hours over bribery and corruption claims …

Read More »

Dirty oil saga: Calls for BOST MD interdiction unwarranted – Majority

The Majority in Parliament has described as ridiculous calls for the interdiction of the MD of the Bulk Oil Storage and Transportation (BOST) company, Alfred Obeng, following disclosures that he sanctioned the sale of contaminated fuel to two companies operating illegally in Ghana. They are Movenpiina and Zup Oil. …

Read More »

Huawei pledges more investment in Ghana     

Vice President Dr. Mahamudu Bawumia has visited Huawei’s Executive Briefing Center in Beijing where in a telepresence video conference system interacted with its Ghana employees as part of his official visit to China recently. He also held talks with Mr. Li Dafeng, Senior Vice President of Huawei. He said …

Read More »

Gov’t, Unilever announce plans to transform oil plantation – Starr Fm

The Government of Ghana and Unilever have announced a Joint Vision to transform the Twifo Oil Palm Plantation (TOPP) into a state-of-the-art sustainable palm oil plantation. Vice President, Dr Mahamudu Bawumia and Unilever Global CEO Paul Polman agreed a Joint Vision, outlining their support for the development of a …

Read More »

$19bn Chinese money a “mirage” – Quashigah – Starr Fm

The MP for Keta Richard Quashigah has shot down announcement by government a total of $19 billion is coming from China to support the country’s development agenda. According to the NDC lawmaker, the facility announced by Vice President Dr. Mahamudu Bawumia after a trip to China is likely not …

Read More »

Allow institutions to work to clear doubts – Akoto Osei – Starr Fm

The Minister for Monitoring and Evaluation Dr. Anthony Akoto Osei has said the probing of the sale of contaminated oil from the Bulk Oil Storage and Transportation Company Limited (BOST) to Movenpiina and Zup Oil must be thorough to clear all doubts the public may habour. “People should not …

Read More »