Category: Business

Dannex buys Adcock’s stake in Ayrton

Drug Manufacturing Limited Dannex Limited has acquired Adcock Ingram’s 53 per cent interest in Accra based Ayrton Drug Manufacturing Limited. In June, Adcock Ingram, a South African pharmaceuticals manufacturer, hinted it would sell this stake to Dannex Limited, a Ghanaian pharmaceuticals group. 0emailprint

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Artisans upgrade vocational skills

Ten artisans have been awarded more than GH¢50,000 grants by the Youth Inclusive Entrepreneurial Development Initiative for Development (YIEDIE), after upgrading their vocational skills at Anaji in the Western Region. They were given the grants based on a critical assessment of their business plans, site visitation and viability of their plans. The 10 beneficiaries, including a woman, went through various […]

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W/Regional CSAU wins World Bank award

The Western Regional Clients Service Access Unit (CSAU) of the Lands Commission, has been adjudged the best by the World Bank for delivering quality land documentation services to clients. The unit received a total of 17,277 land applications from clients and completed 14,825 in record time, representing 85.96 per cent work performance from November 12, 2015, to November 12, 2016. […]

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Database software shoots  up GRA tax mobilisation

Database software shoots up GRA tax mobilisation

The Ghana Revenue Authority (GRA) says it has recorded massive shoot-up in tax mobilisation through the deployment of Total Revenue Integrated Processing System (TRIPS).   For instance, the Domestic Tax Revenue Division (DTRD) of the GRA, through the software had made more than ten billion Ghana cedis in tax collection.   The GRA said many companies now use TRIPS to […]

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Stakeholders discuss  sustainable vision  for mining industry

Stakeholders discuss sustainable vision for mining industry

Stakeholders have made a comprehensive discussion on a practicable vision for the mining industry in Ghana at a workshop held in Wa. The forum was to solicit inputs from the stakeholders in drafting a sustainable vision for the industry. Themed, “Developing Ghana’s Mining Vision”, the workshop was also used to sensitise the participants to raise awareness on the new mining […]

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Asokore Rural Bank records significant growth

Asokore Rural Bank records significant growth

Asokore Rural Bank is showing strong growth with profit on its operation hitting GHȼ220,063.00, last year. This represented an increase of 1,726.25 per cent over the year 2014, with a total of GH¢12,748.00. During the period, its total assets also increased to GHȼ16,027,816.00 from GHȼ12,752,132.00. A GNA report said Francis Nyanin, Board Chairman of the bank, announced these at the […]

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KMA internally generates GH¢21.2 million revenue

The Kumasi Metropolitan Assembly (KMA) had collected a total GH¢21,204,978.54 in internally-generated revenue as of the end of September. John Alexander Ackon, the Ashanti Regional Minister, who is also the acting Metropolitan Chief Executive (MCE), said the figure represented 72 per cent of the GH¢29,596,267.00, it had targeted for the year, according to a GNA report. He said the assembly […]

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Ghana bans toxic fuel imports

Ghana bans toxic fuel imports

Ghana and four other West African countries have agreed to tighten their air quality standards and stop importing toxic fuels from Europe, the United Nations Environment Programme (UNEP) has said. After a summit with the UNEP, Ghana together with Nigeria, Benin, Togo, and Cote d’Ivoire decided to limit sulphur in fuels from 3,000 parts per million to 50 parts per […]

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Project to increase production of rice launched

Project to increase production of rice launched

A project to increase rice productivity and profitability and to promote a market-oriented approach to the production of rice in the country has been launched. Dubbed, “Enhancing Market-Based Agriculture by Smallholders and Private Sector Linkages in Kpong Irrigation Scheme”, the project is being implemented by the Ghana Irrigation  Development Authority (GIDA) with the Japan International Cooperation Agency (JICA) assisting. Scheduled […]

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Capital Bank embarks on expansion project

Capital Bank embarks on expansion project

The Capital Bank, an indigenous bank with a firm hold on the small and medium scale enterprise (SME) sector, has injected a new capital of about GH¢50million to become the bank of excellence in the next five years. The initiative embarked on in December last year, was to enable the bank expand into other African markets. According to a statement […]

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