Plans are far advanced by the Ghana Revenue Authority (GRA) to fully operate digital effective July 1, 2020 in line with government’s digitization drive. A GRA circular to its staff states that effective July 1, 2021, all payments for Taxes and Duties must be made directly to GRA bank accounts through digital means such as […]
The Vice-President, Dr Mahamudu Bawumia, has launched a platform that will harmonise individual fraud control mechanisms of mobile money operators in the country. He said the system would help in blocking subscriber identification module (SIM) cards and mobile devices, as well as blacklist identification numbers that connected to fraud or general crime-related cases. Dr Bawumia, […]
The Agricultural Development Bank (ADB) yesterday presented a cash prize of Gh¢570,000 to the 2020 National Best Farmer, Mr Solomon Kwadwo Kusi. Mr Kusi was presented the amount at a short ceremony in Accra during which the Minister of Food and Agriculture, Dr Owusu Afriyie Akoto, commended farmers for their tireless efforts to provide food […]
The 5th edition of the Ghana CEO Summit will be launched on Tuesday, April 20, at the Kempinski Gold Coast Hotel in Accra. The conference for decision makers, CEOs, heads of institutions, business leaders and entrepreneurs as well as investors and ambassadors, seeks to unlock Ghana’s economic potential by offering concrete, innovative and actionable solutions. […]
Ghana’s first digital project to monitor petroleum products lifted from depots across the country has recorded over GH¢600 million more revenue in six months than the same period the year before. The achievement follows the implementation of the digitisation programme rolled out by the government in June last year. The monitoring system, being implemented by […]
Research in the country’s marine resources claims that nine out of every 10 fishing trawlers operating in the country are beneficially owned by Chinese corporations. This is in spite of a prohibition against foreign ownership or control of trawlers flying the country’s flags. According to findings of the study, the foreign owners usually operated through […]
Lack of proper means of transporting goods to countries in the sub-region by sea is becoming a hindrance to the African Continental Free Trade Agreement (AfCFTA). Industry players have expressed the need for government to provide reliable vessels that can aid in the transportation of goods to countries like Liberia, Gambia, Guinea, and many others. […]
Tullow Oil has announced the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of its first well at the Jubilee Field yesterday. The company in a statement said it had contracted a high-specification seventh-generation drillship called the Maersk Venturer to drill four wells in 2021. “As previously announced, the […]
The National Pensions Regulatory Authority (NPRA) has retrieved GH¢3.1 million from companies that defaulted in the repayment of pension contributions under the tier two scheme. It has also taken 15 employers to court, while others are being processed for prosecution, after they were found to have defaulted in the payment of the mandatory contributions. The amount […]
President Nana Addo Dankwa Akufo-Addo has called on the Spanish business community to consider Ghana as the investment destination of choice in West Africa. He said the country had, over the years, carved a niche for itself as the most peaceful and investment-friendly nation in the sub-region. “As most of you know, Ghana is a […]
Players in the banking sector have been called upon not to pass on the additional five per cent tax imposed on their gross profits to their customers, particularly to small and medium enterprises (SMEs). The Executive Director of the National Board for Small Scale Industries (NBSSI), Mrs Kosi Yankey-Ayeh, who made the call in an […]
The Monetary Policy Committee of the Bank of Ghana has kept its policy rate unchanged at 14.5 per cent, citing pressures from rising crude oil prices and direct and secondary price effects of the revenue measures announced in the 2021 budget. “Risks to inflation in the near-term are broadly balanced, but there are emerging short-term […]
