The Majority in Parliament has mounted vehement defence of the purchase of five aircraft for the country’s military and the presidency. According to them, the time is ripe and with a booming enough economy for the country, Ghana can afford to purchase the aircraft. The Minister of Defence upon recommendation by the military is seeking [...]
Read the rest of this story »Mr. Asare Akuffo, President of the Ghana Association of Bankers has expressed concern about the artificial growth of banks as a result of the mandatory minimum capital requirements. The requirements which were introduced in 2009, upped the minimum capital banks require to operate to GH¢60 million with locally-owned banks expected to achieve this by 2012. [...]
Read the rest of this story »Brewery giants Guinness Ghana says it has no immediate plans of taking over another brewery so it could further consolidate its position as market leader. It follows talks amongst some market watchers. Managing Director, Ekwunife Okoli told Joy Business its focus this year is to introduce innovative products to meet the increasing needs of its [...]
Read the rest of this story »Tullow’s recent public offer has been successful. The Jubilee operator was however able to sell about 3.4 million of the four million shares it floated. The oil exploration firm was seeking to raise GHS140 million with the sale of the shares at GHS31 each and market watchers had all predicted a massive over subscription. The [...]
Read the rest of this story »Banks and financial institutions may soon be charging Value Added Tax (VAT) for some of advisory services they are offering. The bill that will actualize this is currently before parliament. The tax will however not be applied to deposits, ATM charges and the main traditional services bank render to their customers. Joy Business has learnt [...]
Read the rest of this story »For the first time since the beginning of the year, the Esoko Ghana Commodity Index (EGCI) registered a significant drop when it closed the week ended July 15 at 5905 at wholesale level, from the previous week’s closing of 9515 points, and 15553 points at the retail level when it closed the previous week at [...]
Read the rest of this story »The Public Relations Officer of the Komfo Anokye Teaching Hospital, Kwame Frimpong, has denied it is not accepting National Health Insurance Scheme (NHIS) card bearers. Some patients, who had initially received treatment at the hospital on certain diseases using the insurance scheme, were turned away when they went there for further treatment prompting accusations the [...]
Read the rest of this story »About thirty-seven (37) diseases have been scrapped off completely from the list of diseases treated freely under the National Health Insurance Scheme (NHIS) at the Komfo Anokye Teaching Hospital (KATH). The list of diseases, which hither to were covered under the NHIS but have been scrapped, Today discovered, include tumor diseases – some of which [...]
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