An Accra Circuit Court has adjourned to July 8, the GH¢ 1.6 billion tax evasion case against the Chief Executive Officer (CEO) of K.Ofori Limited and three others. The four accused are alleged to have fraudulently evaded taxes to the tune of GH¢ 1.6 billion between 2013 and April 2021 […]
Business News
GH¢11.8 billion lost to procurement breaches in five years – Report.
Share Share Tweet A five-year analysis of procurement infractions in the public sector shows that the malfeasance cost the economy some GH¢11.8bn from 2015 to 2019, according to data obtained from the Ghana Institute of Procurement and Supply (GIPS). The amount, based on audits of public expenses over the period, covers breaches […]
Ofori-Atta’s Databank, other bookrunners bagged GH¢875m in 4 years – Adongo alleges.
Bolgatanga Central MP Isaac Adongo has alleged that investment bank Databank, co-founded by Finance Minister Ken Ofor-Atta, and other financial institutions that have served as bookrunners for the government of Ghana’s borrowing program for the past four years of the Akufo-Addo government, have benefitted from GH¢875 million in transaction fees. […]
Fuel prices at pumps to marginally increase in June – IES
The Institute for Energy Security (IES) is predicting a marginal increase in fuel prices at the pumps in Ghana in the first pricing window of June 2021. The price of fuel on the local market remained stable in May despite an expected marginal increase by the Oil Marketing Companies (OMCs) […]
Politics in Ghana is business, not service to the people anymore – Salinko
Kumawood actor Salinko, known in private life as Abraham Davis, has said politics in Ghana is a business, not service to the people anymore as many believed. According to Salinko, if politics wasn’t a business entity, people like himself would have gotten the platform to join Ghana’s legislative body. He […]
