The Ghana Ports and Harbours Authority on Monday 10th February, 2020 rolled out an electronic toll-payment system. In this light the GPHA has engaged the various transport unions, drivers’ associations, freight forwarders and corporate organisations as well as shipping lines who are involved in the hauling of import cargoes from the port and evacuating of …
Month: February 2020
Globally, the dominance of cash payments continues to decline significantly. According to the 2018 Global Payments Report by McKinsey & Company, e-payment volumes exceeded $3 trillion in 2017 and will more than double by 2022. In Ghana, we have seen an exponential rise in e-payments over the past decade. This burgeoning rise in the ease …
Barclays Bank Ghana Limited, on Monday, February 10, 2020, officially commenced operations as Absa Bank Ghana Limited, a subsidiary of Absa Group Limited, after receiving all required regulatory approvals from the Bank of Ghana. The name change marks the start of a new era for the bank’s operations as a forward-looking African bank with global …
Vice President, Dr. Mahamudu Bawumia says government will by the end of this year, convert all National Identification Numbers to Tax Identification Numbers, to increase the tax paying populations. According to him, the move is expected to increase the tax population by some already existing 2 million registered tax payers to 16 million registered tax …
The Ministry of Fisheries and Aquaculture Development has started stakeholder engagements towards the 2020 closed fishing season to ensure its successful implementation. The engagements, which started in Accra, attracted leaders of the various fishing groups, representatives of civil society organisations and non-governmental organisations and the media to seek their views on how to ensure the …
Standard Chartered has opened a new 24hour Self Service Digital Hub in Westlands in Accra to offer various services to their customers. Yvonne Gyebi, Acting Head Retail Bank of the bank said, “Banking is now a lifestyle and clients expect total convenience, security as well as responsiveness. “The Digital Hub will provide an opportunity for our …
Some 32,000 households are expected to benefit from the construction of two solar plants in the Upper West Region by June and December respectively this year. This follows the sod cutting of the project by President Akufo-Addo that will see the construction of a 13-megawatt peak solar project in Kaleo and a 4-megawatt peak solar …
The kick-off and groundbreaking ceremonies for the Federal Ministry of Education and Research (BMBF) funded €5.8 million 400 kW Hybrid Waste to Energy (WTE) power plant construction to be situated at Atwima Nwabiagya in the Ashanti Region have taken place. The project is expected to help close the carbon cycle by developing the value chain …
The Governor of the Central Bank has disclosed that by the end of the first quarter, the bank will have finalized the necessary modalities for the effective implementation of the Enterprise Credit Scheme initiative. The scheme, which was announced by the Finance Minister, Ken Ofori-Atta, in his 2020 Budget and Economic Policy will target some …