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Archive for the ‘Business News’ Category

Feb
06/12
World Bank undisturbed over unused $1.5m loan to Ghana
Last Updated on Monday, 6 February 2012 06:33
Monday, February 6th, 2012
World bankThe World Bank said it is not worried yet that government has still not utilized over US$1. 5 million it approved for infrastructural development. There are accumulated funds the World Bank has approved since the year 2000 but have still not been fully utilized. The funds have been earmarked for infrastructural projects in the country such as roads, schools among others. A World Bank delegation that visited Ghana said it is hopeful the monies will...
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Jan
18/12
Miners still uncertain over new taxes
Last Updated on Wednesday, 18 January 2012 02:34
Wednesday, January 18th, 2012
MinersUncertainty over the application of new tax rates and rules outlined in this year’s fiscal budget has hobbled the plans of mining companies, Chamber of Mines chief, Toni Aubynn, has told the Business & Financial Times. Despite receiving a written response to the new tax-measures from the chamber, the government is yet to invite miners to talks, he said. The main uncertainty, according to him, surrounds the profit threshold upon which the proposed 10 percent...
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