Ghana Bauxite Company Limited (GBC) has set an ambitious target of producing 6 million tonnes of bauxite by the end of 2025. To achieve this goal, the company has invested a substantial US$122.97 million in upgrading its infrastructure and operational efficiencies.This significant investment has enabled GBC to acquire a robust fleet of equipment, including surface miners,…
The Minister of Finance Dr Cassiel Ato Forson, has announced that the Government of Ghana is set to introduce a policy requiring all state agencies to procure certain essential goods exclusively from local producers. The Finance Minister made the point that no country can develop without a strong industrial base, and while trade is important,…
Two Chinese have been arrested for their involvement in illegal mining activities along the Bonsa River in the Western Region, as part of the ongoing efforts to curb the environmental and economic damage caused by illicit mining. The suspects, identified as Huan Ciongjian (38) and Ling Yong (56), were detained by the Western Central Regional…
The Secretary General of the Commonwealth, Shirley Ayorkor Botchwey has advised African governments to invest in trade routes between Africa and the Caribbean. She disclosed that there are many trade opportunities that can be harnessed between countries in the Caribbean and Africa. “If you take between Caribbean and Africa, it is just the Atlantic that…
The Acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi, has dismissed concerns that GoldBod’s dual role in trading and regulatory oversight could lead to conflicts of interest. In a post on X, Gyamfi clarified that GoldBod is neither a regulator nor a competitor in the gold trade but a monopoly responsible…
Sponsors of the 2025 Channel One TV/Citi FM “Back to Your Village” Food Festival have lauded the event for significantly enhancing their brand visibility and engagement with the community. The sponsors have committed to partnering with Channel One TV and Citi FM for the 2026 Food Festival. Notable sponsors include Jibu, Gino, KOA Natural, Twellium Industries, Pan…
Tax Partner at PwC Ghana, Abeiku Gyan-Quansah has supported government’s commitment to review Ghana’s current Value Added Tax (VAT) system to encourage more businesses pay their taxes. Describing the present VAT system as terrible, Mr. Gyan-Quansah urged the Finance Minister to capitalize on the current goodwill enjoyed by the government to make drastic changes in…
The Governor of the Bank of Ghana (BoG) Dr. Johnson Asiama will today March 24, 2025 chair his first Monetary Policy Committee (MPC) meeting to review developments in the economy. The meeting, which starts today, is expected to end on Wednesday March 26, 2025. The committee is expected to engage the media on Friday March…
The Minority leader and Member of Parliament for Effutu constituency, Alexander Afenyo-Markin, has raised questions about the age of the new Inspector General of Police (IGP), COP Christian Tetteh Yohuno, signalling that steps would be taken to dig further. Speaking on the floor of Parliament in the presence of the new IGP who accompanied the…
Deputy Finance Minister Thomas Ampem Nyarko has justified the government’s decision to abolish the Electronic Levy (E-Levy), the betting tax, and several other taxes, emphasizing that the move aligns with President John Dramani Mahama’s campaign promises and will boost financial inclusion. Speaking on the OXFAM Tax Dialogue on Channel One TV on the topic “The Tax Implication…
