The profitability model of traditional insurance business runs counter to the whole essence of insurance as a mechanism to compensate policyholders for losses.
Policyholders expect their claims paid, and quickly, when they suffer losses. Delays in claim settlement could lead to unimagined costs for insureds. If a burnt production unit...
Reliable power supply is key to any serious economy seeking to develop. It is widely regarded as a major determinant of economic prosperity for any society. It has been accepted as a crucial ingredient that propels any economic activity, and is indeed the pillar of wealth creation. Particularly in...
“You can leave without a friend but never without a neighbour.” – African proverb
Every product comes with some form of instructions on how to use it. Not only do they provide important details about the product to the customer, but they are purposed to ensure proper use of the...
Fund for Export Development in Africa, FEDA has been established by Afreximbank to facilitate foreign direct investment flows into Africa’s trade and export sectors and to fill the equity funding gap that amounts to $110 billion per annum in exports related sectors.
FEDA is a new vehicle created to deal with...
New data from the Bank of Ghana (BoG) have revealed that despite the pandemic generally slowing down momentum of the economy, coupled with the upcoming general election, businesses remain confident about economic prospects as indicators show activities have picked up months after COVID-19-related restrictions were eased.
The Bank’s Composite Index...
The Chief of Staff (COS), Akosua Frema Osei-Opare, has inaugurated a Technical Committee at Jubilee House to look into the issues regarding development on the Aviation lands at La Transmission station (LA-Ts) and La Nkwantanang at Adenta.
This comes after a recent strike action by the Staff Union of the...
The Alliance for a Green Revolution for Africa (AGRA) and its implementing partners joined stakeholders in Ghana’s agricultural sector to celebrate the 36th National Farmers’ Day held at Techiman in the Bono East Region from 2 - 6 November, 2020.
The theme for the five-day event was ‘Ensuring Agricultural Development...
Head of Client Coverage at First National Bank Ghana, Richard Kokoih, has stressed the need for government to work closely with the private sector to reduce the country’s infrastructure deficit.
According to Mr. Kokoih, government must see the private sector as a critical partner in its infrastructure development projects -...
The Ghana Revenue Authority (GRA) and Ghana Union of Traders Association (GUTA) have begun efforts to educate the informal sector on the importance of paying taxes to the state, and through that attract them into the nation’s tax net.
The two bodies have launched a collaboration that will require both...
Players call for tax restructuring
Fears for slow growth of govt’s digitalisation agenda
In 2019, almost half or 48 percent of revenues generated by telecommunication companies – mobile network operators and infrastructure companies – in the country went to government as taxes.
A Mobile Industry Transparency Initiative study conducted...