The port operator has signed a purchase agreement with Shanghai Zhenhua Heavy Industries Company Limited (ZPMC) for the acquisition of 15 new gantry cranes, including 3 STS cranes and 12 RTG cranes. The $53.31m investment will enhance the capacity at Terminal 3 in the Port of Tema and reflects MPS’ commitment to continuously improve its […]

Thriving Ghanaian business, Hair King, dealers in authentic hairs and other beauty accessories such as body lotions and perfumes among others is adding another department to its business. The new addition known as Hair King’s Place is a multi-purpose place made up of a state of the art Spa or Massage Center, a Hair Salon […]

Government has committed about $100million to support entrepreneurs in the country, Minister for Business Development has said. Mohammed Awal said, ‘We want to make young people know that when you have a business idea, the government is willing to support you. In 2017 government devoted 10 million dollars to support startups but this year the […]

An international tax consulting firm, KPMG, has identified eight different tax policies which are currently derailing the smooth running of businesses in the country. The policies include the decoupling of the GETFund and NHIL Levy from VAT, Luxury Vehicle Levy and the extension of National Fiscal Stabilisation Levy (NFSL). The rest are letters of credit […]

Mr Ken Ofori-Atta, the Minister of Finance, said there was the need to build the capacity of local insurance companies to empower them to handle the risk associated with the oil and gas sector. Mr Ofori-Atta was speaking in an address read for him at the commissioning of the Serene Insurance Company at Tema. The […]

New York-based investment advisory firm, Development Capital Partners (DCP) has been chosen to advise Ghanaian footballer turned entrepreneur, Asamoah Gyan on his growing investment portfolio. Gyan Investments Ghana Limited is the holding company for the business interests of Asamoah Gyan including Baby Jet Airlines, Mama Vits Investments Ghana Ltd, Baby Jet Promotions and Goldstar Consult […]

Ghana’s Finance Minister, Ken Ofori-Atta last Friday told Japanese businesses that, the current stable macro and political environment is an opportune time for them to launch into the West African region using Ghana as the hub. “We are now combining politically stable environment with fiscal consolidation and macro stability and we would like, therefore, to […]

Five oil companies that under-declared or failed to declare returns on fuel they loaded at the Tema Tank Farm (TTF) this year have been suspended by the National Petroleum Authority (NPA) until they are able to reconcile their figures and revert to the NPA for final determination of their cases. They are Union Oil Ghana […]

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