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Category: Economy

Tax Agency Closed Down Africa Automobile

Economy, Manufacturing September 18, 2014September 19, 2014 MASAHUDU ANKIILU 0 Comments

THE Ghana Revenue Authority (GRA) on Thursday locked up the offices of Africa Automobile company, a leading retailer of Hyundai vehicles for non-payment of taxes. This follows the company’s indebtedness to the GRA to the tune of GHC6 million of Value Added Tax (VAT) which accrued for over two years. Officials of the GRA said […]

Worldwatch Institute Raises Red Flags

Agriculture, Economy September 18, 2014September 19, 2014 MASAHUDU ANKIILU 0 Comments

WORLDWATCH Institute, a US-based independent research organization that works on energy, resource, and environmental issues says positive global change can only be achieved if the social, economic, and environmental dimensions are fully addressed.

Ebola Could Drain Billlions From West Africa

Economy, Industry September 17, 2014September 17, 2014 MASAHUDU ANKIILU 0 Comments

THE largest-ever outbreak of Ebola could drain billions of dollars from economies in west Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday.

Ghana Holds Key Policy Rate On Account Of Weak Growth

Economy September 17, 2014September 19, 2014 MASAHUDU ANKIILU 0 Comments

   THE Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 19%, citing fiscal pressures and the volatilities in exchange rates, inflation outlook, mixed commodity price movements, and weak global growth.

Ghana Borrows¢2bn Every Month-Opposition Party Claims

Economy, Investing September 16, 2014September 19, 2014 MASAHUDU ANKIILU 0 Comments

Ghana’s largest opposition party-the New Patriotic Party (NPP) is at a lost at which the Mahama-led government is borrowing at a rate of GH¢2billion every month.

Ebola Outbreak: World Bank Allocates $105 Mln To Guinea, Others

Economy, Investing September 16, 2014September 19, 2014 MASAHUDU ANKIILU 0 Comments

THE World Bank Group’s (WBG) Board of Executive Directors today approved a $105 million grant to finance Ebola-containment efforts underway in Guinea, Liberia, and Sierra Leone to help families and communities cope with the economic impact of the Ebola outbreak.

Ghana To Get Financial Assistance From IMF

Economy, Investing September 16, 2014September 19, 2014 MASAHUDU ANKIILU 0 Comments

GHANA’S Deputy Minister of Finance, Mona Quartey has assured that the country’s economic bailout programme with the International Monetary Fund (IMF) would come with some financial assistance.

Doing Business In Sub-Saharan Africa

Economy, Investing September 15, 2014September 15, 2014 MASAHUDU ANKIILU 0 Comments

 DOING business in sub-Saharan Africa is a challenge, but those who are undeterred by a business environment that may not be as easy as it may be in other countries could reap high rewards, according to Dr Thomas Höppli, economic research analyst for the South African Institute of Professional Accountants (Saipa).

SABMiller takeover talk lifts JSE

Economy, Manufacturing September 15, 2014 MASAHUDU ANKIILU 0 Comments

THE local stock market was boosted by news that SABMiller [JSE:SAB], the second-biggest company on the JSE and the world’s second-biggest brewer, is facing a possible takeover bid from the world’s biggest brewer Anheuser-Busch InBev.

Air Seychelles Expands To Madagascar

Aviation, Economy September 15, 2014 MASAHUDU ANKIILU 0 Comments

AIR Seychelles, the national airline of the Republic of Seychelles, has announced the launch of direct flights to Antananarivo, Madagascar, commencing 3 December 2014.

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