The Vaultz News

25/06/2025

The Commission reaffirmed its commitment to enforcing value-for-money principles and enhancing service quality.

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17/10/2022

Albeit, the Ghana stock market avoids any major losses, with traders resorting to some...

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The Ghana Stock Exchange (GSE) trading session on the final day of the week was a game of two halves, as they say in soccer, with early gains giving way to moderate losses after the announcement of new inflation figures by the Ghana Statistical Service. Albeit, the Ghana Stock Market avoided any maj...

15/08/2022

The announcement was delayed amid scuffles and allegations of vote-rigging by Mr Odinga’s campaign.

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Deputy President, William Ruto, has been declared the winner of Kenya’s presidential election after narrowly beating his rival, Raila Odinga. According to the official results, Mr Ruto polled 50.5% of the vote. In his speech, President-elect Ruto thanked the electoral commission for overseeing the...

15/08/2022

"These rates, in view of the Commission, are sensitive and responsive to the positions of all stakeholders in the utility space in line with sections 3(c) of PURC Act 1997 (Act 538).”

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The Public Utilities Regulatory Commission (PURC) has expressed its resolve to increase utility tariffs in the country on September 1. According to the Commission, in balancing the interests of service providers and consumers, it acknowledged that the very economic variables that have occasioned the...

13/08/2022

Through the works of GIPC and a supporting investor-friendly regulatory environment, Ghana has emerged as a desirable investment destination for global investors

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The Ghana Investment Promotion Center (GIPC) will be making a strong case for Ghana-directed investment at African Energy Week (AEW) 2022 to take advantage of the significant opportunities present across the entire oil and gas value chain. The African Energy Chamber (AEC) has announced the participa...

12/08/2022

"Notwithstanding the tough macro conditions, MTN remained focused on investing in our markets to increase broadband coverage and to reduce the cost to communicate" - Ralph Mupita.

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MTN Group has accelerated investment into its networks, reducing the cost to communicate and the delivery of solid financial results in the first half of 2022. The company highlighted in a statement that it has advanced the delivery of its strategy under challenging conditions, which included macroe...

12/08/2022

The Railway Workers Union has threatened to discontinue its passenger services from Accra to Tema and Takoradi to Kojokrom.

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The Railway Workers Union has threatened to discontinue its passenger services from Accra to Tema and Takoradi to Kojokrom effective, August 22. According to the union, it has over the years complained about the Railway Act, Act 779, which among other things transfers the assets hitherto under the c...

12/08/2022

Nigeria starts on a brighter note while Ghana fails to shine

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Africa’s representatives at the ongoing2022 U-20 Women’s World Cup in Costa Rica got their campaigns underway yesterday with mixed results. The Black Princesses of Ghana begun their campaign on bad note, falling heavily to USA by 3-0 in their opening game. Michelle Cooper opened the scoring for ...

12/08/2022

Retail sales dipped by 6.0 percent year-on-year to GH¢107.90 million in May 2022.

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Consumer spending, proxied by domestic VAT collections and retail sales, posted a mixed performance in May 2022, compared with the corresponding period in 2021. According to data from the Bank of Ghana (BoG), domestic VAT collections increased by 30.6 percent on a year-on-year basis to GH¢700.12 mi...

12/08/2022

“Our position on the safety of our cosmetic talc remains unchanged. We stand firmly behind the decades of independent scientific analysis by medical experts around the world that confirms..."

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Johnson & Johnson (J&J) has expressed its intent to stop making and selling its talc-based baby powder around the world from next year and transition to an all cornstarch based product. The firm noted that it continuously evaluates and optimizes its portfolio to best position the business for long-t...

12/08/2022

“Those in the informal sector already struggling to put body and soul together have been saddled with unbearable taxes to further worsen their precarious living standards.”

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The Youth Wing of the National Democratic Congress has revealed that it will not participate in this year’s International Youth Day Celebrations. According to the group, there is absolutely nothing for the youth to celebrate in these times of “excruciating hardship that the Akufo-Addo/Bawumia”...

11/08/2022

Ntabazi directed the Commissioner of Customs to stop clearing Value Added Tax (VAT) exempted rice imports at the borders.

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Parliament has directed the Minister of State for Trade, Hon Harriet Ntabazi, to withdraw her directive on what it termed, “unfair trade policy on rice importation”. On April 21, 2022, Ntabazi issued a directive to the Commissioner, Customs Uganda Revenue Authority (URA) where she directed the A...