Business Hilights

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Business Hilights

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GRA launches e-card for payment of customs duty

The Ghana Revenue Authority (GRA) in collaboration with Ecobank and West Blue Consulting has launched an electronic card for the payment of customs duty. The new platform dubbed, “The Ghana National Single Window CashXPress Card” is a reloadable pre-paid card…

Banking/Investments

Ghana overtakes Nigeria, records $1.4b in FDI second quarter of 2016

Details from Ghana News Agency have revealed that the economy in second quarter of 2016 received foreign direct investments (FDI) to the tune of $1.4b within the same period, the National Bureau of Statistics (NBS), here in Nigeria said FDI…

France to increase investments in Ghana – Manuel Valls

Relying on the sustained stability of Ghana, France has said French businesses are ready to increase their investments in all sectors of the Ghana’s economy. French Prime Minister Manuel Valls who was on a visit told President John Darmani Mahama…

Ghana mining industry makes $4b in 2015

The managing director of Ghana Minerals Commission, Dr. Toni Aubynn has said that upon the fall in production and drop in the price of gold, the mining sector contributed some $4 billion to Ghana’s economy in 2015. He added that…

NNPC running at a loss, makes N1.02tn, loses N1.14tn in 8 months

There has been apprehension at the Nigerian National Petroleum Corporation (NNPC) headquarters since yesterday following the release of its financial results between January and August this year. The high point of the result shows that the corporation ended eight months…

Nigeria’s made in China war ship arrives today

Signal has emerged that before the end of today, NNS UNITY, the newest Nigerian Navy Ship built in China will berth at the Lagos Naval base. The ship is being commanded by Captain Abolade Ogunleye. The ‘man of war’ departed…

Shipping: Minister, stakeholders designing roadmap for national fleet

Barring any unforeseen contingency, all is set for the floatation of a new national shipping fleet to be driven by private sector investors coming both from abroad and Nigeria. This formed the consensus resolution of stakeholders’ in Nigeria’s maritime industry…

Senate, NPA fault $1.6bn Lekki Deep Seaport scheme

Just as the Senate has raised concerns on the approvals granted for the construction of the Lekki Deep Seaport without due consideration for intermodal railways services, the managing director of Nigerian Ports Authority (NPA), Ms. Hadiza Bala Usman yesterday expressed…

Banking/Investments

NASS rejects Ghana’s racist business policy targeting Nigerians

Almost three years after the former Nigerian Ambassador to Ghana, the embattled Senator Musiliu Obanikoro had mediated on the matter and stopped the harsh tax of $300,000 on Nigerian businesses; Ghana has reintroduced the same tax again. Already, the House…