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Sunday, April 22, 2018

Newmont shuts down operations in Ghana after Ahafo tunnel collapse

Mining firm, Newmont Gold Ghana Limited, has shut down all its mining operations in Ghana temporarily, after tragedy hits its Ahafo mine over the weekend. According to the mining firm, it would only resume operations...

Overvalued cedi puts 1D1F at risk – Ken Thompson

The cedi’s overvaluation makes imports cheaper and exports uncompetitive, which puts a constraint on economic growth, and could actually stifle government’s own ‘One District, One Factory’ initiative, Managing Director of Dalex Finance Ken Thompson...

BoG shuts down Wyselink Microfinance

The Bank of Ghana has cautioned the public against engaging in any financial transaction with a microfinance company by name Wyselink Microfinance Limited. The company, with offices in Takoradi, Assin Fosu, Ofankor and Dobro, is...

No dividends, as banks struggle to raise GH¢400m

Despite impressive performances in 2017, banks are not likely to dole out dividends this year; at least not so generously, as they struggle to meet the new GH¢400million stated capital set by the central...

‘Great cartel’ manipulating fuel prices – BOST staff warn gov’t

The Junior and the Senior Staff unions of the Bulk Oil Storage and Transportation Company Limited (BOST), have called on the government to move against what they describe as a cartel within the company sabotaging fuel...

Lending rates must come down — banks told

Following the central bank’s better-than-expected reduction of its policy rate, analysts speaking to the B&FT have said it is time for lending rates to trend downward. “If your cost of operations has gone down; if...

GRA locks up ACCL for GH₵2.3m tax default

The Debt Management and Compliance Enforcement unit of the Ghana Revenue Authority (GRA) has sealed-off the offices of clearing agency Africa Cargo Central Limited, for defaulting in tax payments to the tune of GH₵2.3million. According...

Gov’t must increase taxes to cater for rising expenditure – Ken Thompson

The only way government can meet its revenue targets in the short-term while maintaining its expenditure level is to increase taxes across the board for a specific period – at least for three years...

Easter Bunny: Best hotel deals in Accra for your perfect relaxation

Every year ends with Christmas and begins with the new year celebrations. As cliche as this may sound, there is virtually no space between the two celebrations and holidaymakers just love the long periods of relaxation away...

Mcottley Capital Assures Ghanaians of bright future

McOttley Capital, an investment management arm of McOttley Holdings, has assured Ghanaians and its cherished clients of bright future. A statement from the company said the operations of McOttley Capital remains stable, adding that, it...
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