The Governor of the Bank of Ghana (BoG) Dr Ernest Addison, has reiterated the fact that the banking sector is solid, well capitalised and healthy, though, there are a number of institutions in the industry that are going through distress.
A successful public floatation of the shares of Energy Commercial Bank (ECB) will bring to GH¢1 billion, the amount raised through the Ghana Stock Exchange (GSE) this year, after three different banks raised GH¢700 million.
Crude oil prices reached a four-year high in the week ending October 5, prompting calls for the government to remove some taxes on finished petroleum products in order to mitigate the pressure on citizens occasioned by the expected increases in ex-pump prices.
A customer of the troubled gold-trading firm,MenzgoldGhana Limited, has said that many people were enticed into investing with the company’s Gold Vault Market because of a perception that, the ChiefExective, Nana Appiah Mensah (NAM1), had a room full of money to settle all clients in the event of a mishap.
The Ghana Revenue Authority (GRA) has lost an accumulated revenue of GH¢4.5 billion over the past five years as a result of infractions by traders, importers and governmental agencies, the Head of Tax Policy Unit at the Ministry of Finance, Mr Daniel Nuer, has said.
President Nana Addo-Dankwa Akufo-Addo and the CEO of Eni, Claudio Descalzi, to discuss Eni's operational activities and the lead role Ghana can play in the partnership Eni recently signed with the UNDP to combine efforts on the development of renewable energy, energy efficiency, forestry and clean cooking initiatives, starting in Africa.