Equatorial Coca-Cola Bottling Company to acquire Voltic (GH) Limited and West African Refreshments Ltd.
Equatorial Coca-Cola Bottling Company (ECCBC) and Coca-Cola Beverages Africa (CCBA) have reached an agreement for ECCBC to acquire Voltic (GH) Limited (Voltic) and West African Refreshments Limited (WARL). Voltic is a subsidiary of CCBA, and WARL is a subsidiary of CCBA and The Coca-Cola Company (TCCC). The transaction will strengthen ECCBC’s position as a leading […]
Ghana, Côte d’Ivoire to begin joint 330KV power line project
Ghana and Côte d’Ivoire are set to commence the construction of a 330-kilovolt (kV) double-circuit transmission line as part of the West Africa Power Pool (WAPP) initiative. The 243-kilometre cross-border project is designed to boost electricity exchange between the two countries and enhance grid stability across the wider West African region. Feasibility studies have confirmed […]
GRA imposes 15% VAT on non-life insurance premiums starting July 1
The Ghana Revenue Authority (GRA) has announced a 15% Value Added Tax (VAT) on non-life insurance premiums, effective July 1, 2025. The new tax will apply to policies covering areas such as property, health, and travel—but notably, motor insurance will remain exempt. The policy, which forms part of measures outlined in the 2025 national budget, is expected […]
GIPC to sanction businesses failing to register Technology Transfer Agreements
The Ghana Investment Promotion Centre (GIPC) has signaled a tougher stance on non-compliance with Technology Transfer Agreement (TTA) regulations, warning of impending sanctions against banks and businesses that fail to register such agreements with the Centre. Technology Transfer Agreements are agreements between a company in Ghana (Transferee) and a company outside Ghana (Transferor) for the […]
Fitch’s recent credit rating upgrade a relief
Fitch’s recent credit rating upgrade to ‘B-’ with a stable outlook, signalling improved investor confidence, is pleasing. Reacting to Fitch’s upgrade of Ghana’s credit rating, Finance Minister Dr. Cassiel Ato Forson described the upgrade as a significant milestone and indicated that it reflects government unwavering resolve to fully revive the economy and deliver lasting relief […]
MTNGH, SOGEGH Lift GSE as Turnover Sinks
Gains by MTN Ghana (MTNGH) and Société Générale Ghana (SOGEGH) propelled the Ghana Stock Exchange Composite Index (GSE-CI) to a 54.18-point rise on Tuesday, closing at 6,230.47 points. The year-to-date (YTD) return now stands at 27.45%, marking a continued rebound in equities, despite subdued trading volumes. The GSE Financial Stock Index (GSE-FSI) also edged higher […]
Embrace transformative ESG ambition – KPMG urges businesses
Bernard Owusu-Ansah, a Manager in KPMG Ghana’s Governance, Risk &Compliance and ESG Services unit, has called on Ghanaian businesses to embrace transformative Environmental, Social, and Governance (ESG) principles. Emphasising the crucial shift Ghanaian businesses must make, he added that the true measure of a company’s ESG commitment lies not merely in regulatory compliance, but in […]
Ghana Secures 0% Tariff Access to Chinese Market in Major Trade Breakthrough
Ghana has secured full tariff-free access to the Chinese market for all its exports, marking a significant milestone in the deepening of economic relations between the two countries. The announcement was made by Minister of Foreign Affairs and Regional Integration, Samuel Okudzeto Ablakwa, via social media platform X (formerly Twitter) on Wednesday, June 12, 2025. […]
GSE Market Indices Dip as Trade Volumes Slump by Over 80%
The Ghana Stock Exchange (GSE) witnessed a bearish trading session on Thursday, June 13, 2025, as both key market indices closed in the red, coupled with a significant drop in market activity. The benchmark GSE Composite Index shed 5.92 points to close at 6,072.02 points, dragging down its year-to-date (YTD) return to 24.21%. Similarly, the […]
Gov’t Replenishing Sinking and Stabilisation Funds to Guard Against Future Economic Shocks – Seth Terkper
Economic Advisor to President John Mahama and former Finance Minister, Seth Terkper, says the current administration is instituting long-term financial buffers aimed at preventing a recurrence of Ghana’s recent economic difficulties. Speaking on JoyNews’ PM Express, Mr Terkper disclosed that government is actively replenishing the Sinking and Stabilisation Funds as part of measures to build […]