The African Risk Capacity (ARC), a specialized agency of the African Union, in collaboration with the Africa Centres for Disease Control and Prevention has unveiled an outbreak and epidemics insurance policy for African governments.
The Board of Directors of the National Insurance Commission (NIC) has given a strong indication that it will work assiduously to push insurance penetration from the current single-digit to a double-digit figure as part of its four-year mandate.
The implementation of the Ports' Paperless Policy is to stabilise the economy to reduce the prices of goods and services in the country, Mr Baffour Ofori-Atta Kena, a Senior Freight and Logistics Officer of the Ghana Shippers' Authority, has said.
Ghana needs a smaller number of banks which are efficiently run. Thus, the Bank of Ghana's decision to slap a GHC400 million minimum capital requirement on universal banks should be seen as a blessing in disguise.
About $150 million is lost to corruption at the Tema Port alone every year, Information Minister Mustapha Hamid has revealed, saying the newly-introduced paperless system of collecting revenue at the port is meant to stem the haemorrhaging.
The ABN Group owners of Forbes Africa and CNBC Africa platforms have appointed Peace Hyde as its new Head of Digital Media and Strategic Partnerships. Hyde will still be maintaining her current role as the West Africa Correspondent for the leading business publication but will also head the new digital platform, www.ForbesAfrica.com and drive user
Government is working to reduce corporate income tax by five per cent next year, Finance Minister Ken Ofori-Atta has announced. This means businesses would pay 20 per cent of their profits as corporate income tax as against the current 25 per cent.