News Headlines

BoG Schools Banks On How to Recapitalise To GH¢400m

The Bank of Ghana (BoG) has officially revised the minimum capital of banks to GH¢400 million, in a public notice that also seeks to educate the banks on how to meet the new requirement.

The notice, published Monday afternoon, notes that banks would be required to meet the required minimum capital through three main ways; fresh capital injection, capitalisation of income surplus and a combination of fresh capital injection and capitalisation of income surplus.

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GIPC Signs MoU With Oxford Business Group

The Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding (MoU) with Oxford Business Group (OBG) for its forthcoming publication dubbed: “The Report: Ghana 2018”. Under the MoU, GIPC, a longstanding partner of OBG, would contribute to the Group’s research for the publication.

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New Tax Regimes Will Catalyze Productive Economy – Vice President

In line with the several tax reliefs announced in the last budget statement, government is determined to shift the focus of economic management from taxation to production, Vice President, Dr. Mahamudu Bawumia has emphasised. He observed that, making the economy productive is the only workable way to expand trade and create jobs for all Ghanaians. 

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Minister Reiterates Government’s Commitment to Building Friendly Business Environment

Mr. Yaw Osafo-Maafo, the Senior Minister, has reiterated government’s commitment to creating the most friendly business environment that would result in mutually rewarding economic returns for investors.

Delivering the keynote address at the Ghana Investment Summit 2017, in Accra, Mr. Osafo-Maafo said Government’s proposed initiatives to strengthen the economy and deliver good paying jobs would create an environment that would attract investors.

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Akufo-Addo to launch ‘One District One Factory Policy’ Friday

President Nana Addo Dankwa Akufo-Addo, will on Friday launch his government’s flagship policy popularly termed ”One District One Factory” at Ekumfi in the Central Region.

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