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Daily Archives: August 14, 2019

Dangote’s oil refinery to be completed late 2020 due to import delays

Africa’s largest oil refinery will not be finished until the end of 2020 due to problems importing steel and other equipment, executives at Dangote,...

Congo-Brazzaville May Join Nigeria As Africa’s Largest Oil Producers

Republic of Congo could produce nearly 1 million barrels of crude per day following a new oil discovery in the country, a company involved...

Naira weakens on falling oil prices, lower bond yields

The Nigerian naira weakened to 364 per dollar on Friday, from a quote of 363.50 the previous day as falling oil prices tightened liquidity...

The telcos tax burden

The Ghana Telecoms Chamber has engaged in a lobby to avert the increase in the Communications Service Tax (CST) from six percent to nine...

Turf war between GRA, GPHA at ports

The Customs Division of the Ghana Revenue Authority (GRA) has initiated steps for the respective laws and regulations governing operations of port authorities be...

GRA introduces tax stamp authenticator to tackle fraud

The Ghana Revenue Authority (GRA) has referred two cases of tax stamp fraud to the courts for trial with other cases also undergoing further...

Gov’t capital expenditure slashed yet again

Ghana’s capital expenditure budget has been slashed yet again, under the 2019 mid-year budget review, continuing a worrying trend. The fall in governments capital expenditure...

Single Spine Workers to receive salary increases

Government has started moves to address salary disparities in the public sector after nearly a decade of implementing the single spine salary structure. The move...

PBC to be suspended from Stock Exchange

The Ghana Stock Exchange (GSE) will suspend the listing status of licensed cocoa buyer, Produce Buying Company (PBC) Limited from the bourse effective tomorrow Thursday, August...

PDS saga takes new turn

The controversy over the authenticity of the guarantees underpinning the granting of a 20 year electricity distribution concession to Power Distribution Services, now being...

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