Government appears To have shelved its plan to tax mobile money transactions by deferring it. According to a Deputy Minister of Finance, Kwaku Kwarteng, “government has not made a decision in the coming budget to impose additional taxes on mobile money as has been suggested.” The idea of taxing mobile money transactions was first suggested by the Communications Minister, Ursula …

Almost on the verge of near collapse early this year, BusyInternet, one of the key players and pioneers in the provision of internet services in Ghana, can now breathe a sigh of relief, as a new strategic investor is near closing deals for fund to inject a new lease of life into the company. The company with about 100 staffs …

By Adu Koranteng The Bank of Bank has assured the general Public of its readiness to deal ruthlessly with offenders involved in the collapse of the Seven Banks. The Banks include, UT, Capital Bank, Sovereign Bank, UniBank, Beige Bank, Royal Bank and the Construction Bank. The Central Bank in a press release, indicated that In line with its mandate to …

It has emerged that Capital Bank received a total of GHc620m in Liquidity Support from the Bank of Ghana (BOG) and not GHc610m as has been widely stated. According to thenewsplatformonline.com, an online news portal, sources close to mangers of defunct Capital Bank have said that the facility came in three tranches with the first tranche of GHc150m coming in …

By Ernest Addo The Inter-Ministerial Committee on illegal mining, which,  as part government’s effort to ensure sustainable mining and protect the environment,  was constituted in March 2017, has completed the Road Map that would regulate the activities of the Small Scale Miners and guide their operations, Deputy Information Minister,   Nana Dokua Asiamah-Adjei has said. The Committee, led by Prof. Frimpong-Boateng will …

Ryanair pilots are striking in five European countries, forcing the cancellation of a sixth of the firm’s flights during the holiday season peak. The 24-hour walk-out involves staff in Germany, Sweden, Ireland, Belgium and the Netherlands. About 50,000 passengers are understood to have been told of cancellations on 400 flights. The action is the largest in a series of strikes …

…Company Counsel Dares Precious Minerals To Produce Revocation Documents   By Frank Amponsah   Menzgold Company Limited has vehemently disputed claims by the Precious Minerals Marketing Company (PMMC), that it is violating the law in its trade of gold in the country and that the PMMC has also revoked the operating license of the company.   Menzgold Company Limited has come under …

The newly-formed Consolidated Bank Ghana Limited is offering former workers of the five collapsed banks a 60-day probation period to assess their employability. This was contained in a letter handed to the employees of Unibank, Beige Bank, Sovereign Bank, Construction Bank and Royal Bank who were merged into the new entity. “Dear employees we wish to welcome you to the …

The Economic and Organized Crime Office (EOCO) has reportedly initiated investigations into operations of gold purchasing firm, MenzGold and has invited its Chief Executive, Nana Appiah Mensah, following concerns by the Bank of Ghana over the operations of the company. the Executive Director of EOCO, K.K. Amoah  is believed to have has confirmed the invitation but declined to comment on the …

The management of First Allied Savings and Loans Limited has denied rumors making the rounds that the company belongs to the embattled sports administrator, Kwesi Nyantakyi. According to a statement signed by the Director of Communications of the company, Yaw Korankye the company has no affiliation with Foundations Saving and Loans (FSL) which is purported to be owned by the …