Friday, April 11, 2025

Finance

Gatwick Airport plans to cut 600 jobs due to coronavirus

Gatwick Airport has revealed plans to cut a quarter of its workforce due to the impact of coronavirus. About 600 jobs could be lost following an 80% reduction in the number of passengers. The airport is running at about 20%...

African Union Commission inaugurates African Continental Free Trade Area (AfCFTA) permanent secretariat as launchpad for Africa’s economic transformation

The African Development Bank Group provided a $5 million institutional support grant to the AU towards the establishment of the AfCFTA secretariat At a ceremony on Monday to commission the permanent secretariat of the African Continental Free Trade Area (AfCFTA),...

Ghanaians to use Ghana Card numbers as TIN for business transactions next year

The Government, through the Ghana Revenue Authority (GRA), has begun processes to convert the National Identification numbers into Tax Identification numbers (TIN) to ensure easy payment of taxes. The move will allow Ghanaians to use their Ghana Card numbers to...

Trump’s unemployment boost could be $300 a week for some Americans

The checks are expected to start going out in a couple of weeks President Trump has pledged to partially restore extra unemployment benefits at $400 a week — but many jobless Americans may not receive the full amount. That's because an...

Mid-year review is empty – Ato Forson

Mr Cassiel Ato Forson, Ranking Member on Parliament's Finance Committee, has described as empty, the Government's  Mid-Year Budget Review presented by Finance Minister, Ken Ofori-Atta on Thursday. “There’s nothing in it for Ghanaians to be happy about,” Mr Forson said, after...

Parliament discuses Revenue Administration (Amendment) Bill

Parliament is considering the report of the Finance Committee on the Revenue Administration (Amendment) Bill, 2020. The Bill seeks to amend the Revenue Administration Act, 2016 (Act 915) to establish an Independent Tax Appeals Board (ITAB) to hear and determine...

Almost 60,000 workers now facing redundancy day after Rishi Sunak’s ‘jobs, jobs, jobs’ mini-Budget

ALMOST 60,000 workers face redundancy just a day after Rishi Sunak's mini-Budget promised to focus on "jobs, jobs jobs". Since March, 57,702 jobs have either been lost or put at risk as a result of store closures or major cut...

Finance Ministry shuts down over coronavirus scare

The Ministry of Finance has said it has closed down its premises from July 7, 2020, due to an ongoing Coronavirus testing exercise on its staff. In a memo issued by the Chief Director of the ministry, Patrick Nomo, and copied to...

African Development Bank joins World Trade Organisation (WTO) and other Multilateral Development Banks (MDB)s to support trade finance amid COVID-19 crisis

Since the beginning of the COVID-19 outbreak, multilateral development banks have stepped up their trade finance programs to support essential imports and key exports The African Development Bank Group (www.AfDB.org) has joined the World Trade Organisation and other multilateral development...

Boeing announces next wave of job cuts

The layoffs are part of a previously announced plan to to reduce the workforce by 10 percent Boeing has reportedly announced that the company is undergoing another round of layoffs. The company notified approximately 1,030 employees companywide that they will lose their jobs by...
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