Home / BUSINESS

BUSINESS

TOR workers fear being sacked over refinery shut down

Workers of the Tema Oil Refinery (TOR) fear they would be laid off as the plant has been idle for about seven months due to the unavailability of crude oil. They have indicated that even though the refinery had undergone routine maintenance, workers were still waiting for the government to …

Read More »

GRA to begin CTN policy implementation on Monday despite lawsuit

Barring any last-minute intervention, the Ghana Revenue Authority (GRA) will begin implementation of the Cargo Tracking Notes (CTN) policy on Monday, October 15, 2018, despite an impending lawsuit filed by an aggrieved freight forwarder. A statement signed by the Commissioner General of the GRA, Emmanuel Kofi Nti directed importers to comply with the …

Read More »

GRA’s ‘controversial’ CTN policy takes effect October 15

The Ghana Revenue Authority (GRA) has announced that it will fully implement the Cargo Tracking Note (CTN) system at Ghana’s ports from October 15, 2018. The system was meant to be implemented in August 2018 but was postponed after pressure from the Freight Forwarders Association. But a letter addressed to the Shipowners …

Read More »

MPS bemoans controversy over tax waivers

Operator of the Tema Port expansion project, Meridian Port Services (MPS), has lamented the politicization of the tax waivers granted for its operations. Parliament in 2016, granted a tax waiver to the tune of 832 million dollars. But some have suggested a possible review of the amount citing possible instances …

Read More »

Nduom begins national campaign tour against panic withdrawals

The Chairman of GN Bank, Dr. Papa Kwesi Nduom will from today, Wednesday, October 3, 2018, lead a team of bank officials to begin a nationwide tour on the theme ‘Stop the panic withdrawals and strengthen indigenous banks. The tour is to appreciate customers who have remained loyal customers of the country’s indigenous banks, …

Read More »

Menzgold resumes payment of returns to customers today

Menzgold Ghana Limited will later today [Wednesday], resume payment of returns to its customers after halting payment last Tuesday. The company couldn’t pay all the customers who showed up at their offices on Tuesday to receive the dividends which were due, indicating that it wanted to revise its payment schedule …

Read More »