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Customs intercepts fake US dollars at Sogakope

The Customs Division of the Ghana Revenue Authority (GRA) has intercepted fake US dollar notes amounting to $358,000 at Sogakope in the Volta Region. The fake notes, in $100 denominations, were concealed in a Nigeria-registered commercial Nissan Pathfinder vehicle, with registration number AKD 710 EP. According to the Assistant Commissioner in charge of the Aflao Border, Mr Frank Cudjoe Ashongthe, parcel co ...

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BOST commits to supply petroleum products to West African countries

• Mr Obeng leading the team on inspection tour of one of the depots Bulk Oil Storage and Transportation Co. Ltd (BOST), has affirmed its commitment to continue to supply petroleum products to Burkina Faso through SONABY, a Burkinabe state owned company, responsible for procurement of petroleum products  for that country. Additionally, BOST will also be extending the supply to Mali and Niger very soon, Mr. A ...

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2,300 Goldfields workers go to court over dismissals

About 2,300 workers of Goldfields Ghana Limited have sued the company over its plans to sack them due to the short lifespan of its Tarkwa mine. Per the lawsuit initiated on their behalf by the Ghana Mine Workers Union (GMWU) at the Labour Division of the Accra High Court, Goldfields had informed the workers that they would be served with termination letters by yesterday, December 12, 2017. The notice to ser ...

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Don’t demonise profit-oriented businesses –Kufuor

Former President John Agyekum Kufuor has cautioned Ghanaians against demonising profit-oriented businesses, saying such actions would not help the private sector to thrive. He said even though the government would not tolerate corruption, people who were making their money genuinely should not be discriminated against or singled out for mud-slinging. Former President Kufuor made the remarks when he joined w ...

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Microsoft eyes partnership with gov’t

Microsoft have been impressed with government’s commitment toward education that they have resolved to aid that course through technology, Jaye Richards-Hill, the Business Development manager of Microsoft Worldwide (Education team) has revealed. “Where you have a government that places importance on education improvement as it appears the Ghanaian government does, then Microsoft are ready and willing to sup ...

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US$1.05bn cocoa loan stabilises cedi — BoG

The Bank of Ghana (BoG) has confirmed receipt of US$1.05 billion of this season’s cocoa loan, which it says is instrumental in stabilising the cedi against its seasonal depreciation pressures. The inflows have also boosted the country’s gross reserves, bolstering them to US$6.9 billion, equivalent to 3.9 months of import cover in October, the Central Bank Governor, Dr Ernest Addison, told journalists on Nov ...

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Alpha Capital customers frustrated over stalled withdrawals

Customers of Alpha Capital Savings and Loans have for the past week been unable to withdraw their savings as they continue to be turned down by the financial institution. The disappointed customers, mostly from Madina, where another branch of the Savings and Loans company had been closed down due to lack of funds to pay its clients, stormed the Adabraka branch of the company to demand their money. Numbering ...

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$100m required to reclaim ‘galamsey’ lands

Ghana will need at least $100 million to reclaim lands destroyed by illegal mining activities countrywide. The reclamation process will involve the removal of poisonous substances from the soil, dredging of water bodies and, where possible, removal of pollutants to make the land useful again. The Lead Advocate of the Multi-sectorial Mining Integrated Project (MMIP), Dr Isaac Karikari, disclosed this at Bole ...

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We can’t do without FDIs — Grant

There is the need to balance the debate around whether the country should rely more on local investment or foreign direct investment, especially as indigenous companies do not have the requisite financial muscle to drive socio-economic growth, CEO of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, has stated. “We cannot grow the economy on our own and government does not have much to spend. That i ...

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PMMC to value gold before export from January 2018

From January next year, gold produced by large-scale miners will have to be graded, valued and tested to determine its ingredients and quality before being allowed to be exported, the Managing Director of the Precious Minerals Marketing Company (PMMC), Dr Kwadjo Opare-Hammond, has said. Interacting with a section of the media in Accra last Saturday, Dr Opare-Hammond said although the company had already bee ...

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