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Tag Archives: Government

Breaking news: Kantanka Automobile given 10 year tax and import duty holiday by government

Government of Ghana has given Kantanka Automobile a 10 year tax holiday and duty free import of the materials for assembling and manufacturing purposes. It was announced by the CEO of Kantanka Group of Companies Nana Kwadjo Safo Ankofena Jnr at the end of year party and awards ceremony held …

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GOVERNMENT ANNOUNCES GHC 1,750,000 COMPENSATION FOR FAMILIES OF 7 SHOT IN ASAWA

His Excellency Nana Addo Dankwah Akufo-Addo has given families of the 7 Asawase Zongo men that some Kumasi Police Officers mistook for armed robbers and shot them dead GHC 1, 750,000. Each family is to receive a package of GHC 250,000. President noted that he arrived at that decision after …

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Agricultural Students to Boycott School if government refuse to restore their allowance

ByNana Asare Barimah Leaders of Agricultural Colleges Students Union (ACSU) have threaten to boycott school in all the five Agricultural Colleges when school reumes on the 8th February if government do not give them any reasonable response to their demands. The group says they are demanding for the resignation of …

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Government justifies support for 7 local banks

The government has justified its decision to back financial support arrangements that would raise the minimum capital requirement levels of seven local banks. Last year, the Bank of Ghana raised the minimum capital requirement of commercial banks from GH¢120 million to GH¢400 million and set a December 31, 2018 deadline. …

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Government does not pay $40 million for ENI Gas – Energy Ministry

The Ministry of Energy has stated that government of Ghana does not pay $40 million for ENI Gas. In a statement reacting to media reports on the Take-or-Pay clause in the Offshore Cape Three Point (OCTP) agreement between Ghana and the OCTP partners with ENI Ghana as the lead operator, …

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GETFund contractors beg Government to pay monies owed them since 2016

Some contractors who worked on projects for the Ghana Education Trust Fund (GETFund) have called on government to settle the debts owed them since 2016. Although GETFund received parliamentary approval for a 1.5 billion dollar facility in November 2018 to, among other things defray its debts, the association of Contentious …

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