President Nana Addo Dankwa Akufo-Addo has said the talks with the International Monetary Fund (IMF) and the 2023 Budget will seek to address the concerns of Ghanaians and inject their aspirations into the management of the economy. He said it was for that reason he had, in the last three weeks, been meeting various stakeholders […]
In an effort to halt speculation and stabilitise the foreign exchange market in the country, the Bank of Ghana will hold (Tuesday October 25, 2022) hold series of discussions with the leadership of universal banks and Forex Bureau Associations, starting Tuesday. The Minister of Information, Kojo Oppong Nkrumah, who made this known at a press […]
The Ghana Union of Traders Association has suspended its strike action. This is contained in a press release signed by the General Secretary of the Association, Alpha A. Shaban. According to the release, the decision comes on the back of a meeting with the King of the Ga State, Mantse Nii Tackie Teiko Tsuru II […]
Ghana through the National Lottery Authority (NLA) will be playing host to the rest of the world and Africa in particular when the African Lotteries Association Conference is held in Accra in December. The Association will also be celebrating its 60th anniversary and will see dignitaries in the lottery industry from across the globe converging […]
A civil society organisation (CSO) with interest in agriculture and the social sector, SEND Ghana, has called on the government to bring back road tolls to help shore up revenue for development. It explained that reintroducing the road tolls would help generate more revenue for the state and ease the pressure on the economy, since […]
The Ghana Union of Traders Association (GUTA), has urged its members in Accra to close down their shops from Wednesday till Monday, October 24, 2022. The move is to protest against rising inflation, depreciation of the Ghana Cedi and high lending rate due to an increase in the policy rate by the Bank of Ghana. […]
ONLY six per cent of the GH¢23.7 billion goods imported into the country last year (2021) were properly insured under the Insurance Act, 2006 (Act 724). This means that GH¢22.3 billion representing 94 per cent of the imports were either not insured at all or were insured by foreign firms, a practice which is against […]
The Social Security and National Insurance Trust (SSNIT) is pushing for an amendment of the National Pensions Act, 2008 (Act 766) to compel employers to include the allowances of employees in the computation of their pensions. The move is to enable workers to earn bigger pensions when they retire. The Director-General of SSNIT, Dr John […]
The prospect of Ghana securing an expedited deal with the International Monetary Fund (IMF) has been given another boost, as the United Kingdom (UK), Germany and France have pledged to support the country to deal with its current economic crisis. These financing commitments came on the back of closed-door bilateral meetings hosted by a government […]
Some traders in Kumasi have called on the government to adopt more sustainable and business-friendly tax policies that would help the government to optimise its revenue mobilisation while promoting business growth. According to them, the current Value Added Tax (VAT) policy being implemented by the Ghana Revenue Authority (GRA) “does not support our system.” “The […]
The Ministry of Finance and the Bank of Ghana have constituted a five-member consultative committee to act as the liaison between the two state agencies and the financial services industry in developing a debt management strategy that meets the expectations of the government and the private sector investors. The work of the committee is also […]
The Development Bank Ghana (DBG) has so far disbursed about GH¢245 million to its partner financial institutions for on-lending to small and medium enterprises (SMEs). The disbursement started when the bank was set up in July this year. The Chief Executive Officer of the bank, Kwamina Duker, who disclosed this, said the DBG, in the […]
