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March 19, 2018 7:00 AM Alibaba commits to Lazada with fresh $2bn investment

Alibaba is increasing its control of Lazada, its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO with a long-standing Alibaba executive. Alibaba’s first investment came in April 2016 when it bought 51 percent of Lazada for $1 billion, and it added another 85

March 18, 2018 10:05 AM GFA Veep, George Afriyie to contest 2019 GFA Presidency

Ghana Football Association vice president, George Afriyie, has officially announced his intention to contest the 2019 GFA Presidential Elections. The Liberty Professionals executive made his intention known to journalists at his 50th birthday celebrations on Friday night at his residence. Afriyie, who has been vice to Nyantakyi since 2015, becomes the second 75

March 9, 2018 6:00 AM Journalists cautioned against misreporting financial issues

The Director-General of the Securities and Exchange Commission (SEC) Rev Daniel Ogbarmey Tetteh has advised financial journalists in Ghana to remain objective in their reportages on financial issues in the country and not present themselves as experts. Speaking on the role of financial journalists in the capital market at a training workshop for journalists 87

March 6, 2018 9:16 AM Olympics, GFA head back to court after negotiation stalemate

Accra Great Olympics FC Limited and the Ghana Football Association are heading back to court after the former accused the latter of taking an entrenched position in dealing with the protest brought against Elmina Sharks FC. Olympics want the GFA to relegate Elmina Sharks and re-instate them or expand the league to 18 teams to accommodate them. An Accra 51

March 3, 2018 9:19 AM Northern Region ready for business – Tamale Entertainment chief

For several years, sporadic conflicts in the north have detracted from the beauty of the region, leaving it with nothing but bad press. The situation has arguably rendered the area one of the highly impoverished regions in the country. But it appears that this period is phasing out as chiefs of Tamale are a staging a serious campaign to get investors 95

February 27, 2018 7:24 PM C’ttee wants law school interviews scrapped; backs entrance exams

The Subsidiary Legislation Committee of Parliament will recommend that the House approves the provision that allows the Ghana Legal Council to conduct interviews for entrants into the Ghana School of Law. The Committee has, however, rejected proposals for the scrapping of the entrance examinations for admission into the school. The proposed regulations 58

February 27, 2018 7:12 AM ECG holds awards night to climax 50th anniversary

The Electricity Company of Ghana ECG, over the weekend held a dinner and an Awards night to climax the month-long celebration of the company’s 50 years of dedicated service to Ghana. The program was launched in January to commemorate five decades of the existence of the state power producer under the theme “50 Years of Powering the Socio-Economic Growth 60

February 23, 2018 9:58 AM New law to track VAT electronically in the offing

Parliament will soon pass a law that will track all VAT issued at various retail centers across the country. The Fiscal Electronic Device Bill is expected to connect all Point of Sale (PoS) devices with the Ghana Revenue Authority (GRA)’s systems. The move is to ensure that VAT issuing companies do not under declare their values and also punish tax evaders 51

February 21, 2018 11:38 AM Man City’s Aguero avoids punishment for fan altercation

The clubs have until 18:00 GMT on Friday to respond to the charges, while Aguero has been “reminded of his responsibilities”. Manchester City striker Sergio Aguero will not be punished by the Football Association following a post-match confrontation with a fan after Monday’s FA Cup defeat by Wigan. Television footage appeared to show Aguero pushing a supporter 67

February 20, 2018 3:30 PM Koforidua court adjourns Akuapem chieftaincy case to March 8

The case involving the Republic vrs Nana Afua Nketia Obuo II and twelve others at the Koforidua High Court, has been adjourned. One of the factions in the Akuapem chieftaincy dispute is facing a contempt of court suit for defying a court injunction which was restraining both factions from engaging in any chieftaincy activities. The dispute follows the death 43