Tag Archives: Business

Government says it has little control over the rising fuel prices in the country that has caused public outcry, particularly among transport operators. While the prices of petroleum products are largely influenced by the world market price of crude oil, the tax element at the pump constitutes more than half …

The 11 different taxes on petroleum products in the country have sparked calls on the government and other stakeholders to eliminate some of them, described by a section of the motoring public as falling in the category of nuisance taxes. A thorough assessment by the Daily Graphic revealed that for …

The State Transport Company (STC) has presented $700,000 to the government as the first tranche payment for the 50 buses that the government bought for the company in October last year. The Managing Director of the STC, Nana Akomea, told the Daily Graphic in Accra on Monday that STC was …

Rlg Ghana Limited has agreed to refund a total of 6 million cedis to the government after it failed to supply more than 12,000 laptops under the free laptop distribution programme in 2010. The money has been outstanding for more than two-years now. Environment, Science and Technology Minister, Prof Kwabena …

In less than 24 hours, the International Tribunal for the Law of the Sea (ITLOS) will settle the disagreement between Ghana and Cote d’Ivoire over an area where Ghana is currently undertaking oil exploitation. The arbitration process started in late 2014 after Ghana dragged Cote d’Ivoire to the ITLOS, the …

With Android, Google has already won the mobile war… at least, when it comes to software. Android is the world’s most popular mobile operating system and is installed on 64.76 percent of phones and tablets worldwide, twice the size of iOS, according to NetMarketShare. Google’s next mission is way more challenging, …

The City of Chicago, Illinois, USA, has deposited $20 million into the operations of Illinois Federal Service Bank (ISF Bank), which has the Nduoms, led by Dr.& Mrs. Papa Kwesi Nduom as majority shareholders. Chicago City Treasurer, Kurt Summers announced the deposit at a press conference on September 18, 2017. …

It has emerged that six years into petroleum production in Ghana, only 11 per cent of the accrued revenue has been allocated to the agricultural sector which is touted as the mainstay of the economy. Indeed, agricultural modernisation is part of the four priority areas selected for the use of …

The Ghana Drivers and Car Owners Association has given government up to the end of November this year to regulate Uber’s operations in the country or they will implement a well-thought-out plan where government will lose taxes paid by commercial drivers to the state.According to the Association, Uber is killing …

The Ghana Road and Transport Union (GPRTU)) has allayed fears of the commuting public of any transport fare increases following the recent fuel price hikes.Vice Chairman of the union, Robert Sabbah, explained that the current average increase of three per cent does not warrant any increase per their regulations.This is …