The Chamber of Bulk Oil Distributors (COBD) says there will be some reprieve for consumers of petroleum products soon because of some measures the Bank of Ghana (BoG) has announced. The Central Bank has announced it will provide more forex for importers of petroleum products at competitive rates, which is expected to check the recent […]
The government disbursed GH¢273 million to the 15 participating financial institutions (PFIs) under the One-District, One-Factory (1D1F) programme between 2017 and 2021, the Minister of Trade and Industry, Alan Kyerematen, has told Parliament. The amount represented the payment of interest subsidies to the financial institutions to de-risk loans granted to beneficiary 1D1F companies, he explained. […]
Ghana is turning to an internationally certified agro-processing facility in Dubai to add value to its cocoa and coffee and export them to the global market without hindrance. This will ensure that the country obtains more value from both commodities, about 10 times more than what it currently earns. Ghana can rake in over $10 […]
The Bank of Ghana (BoG) has cautioned the public about an impending launch of a cryptocurrency named “Freedom Coin” in Ghana. “It has come to the attention of Bank of Ghana that there is an impending launch of a cryptocurrency named “Freedom Coin,” the bank said. In line with notice NO.BG/GOV/SEC/2018/02 issued on 22nd January […]
As part of efforts to improve service delivery with regards to passport administration both in Ghana and its missions abroad, the government has signed visa waiver agreements with 8 countries. The countries are Qatar, Jamaica, Suriname, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Guyana, Venezuela and Malta. This means officials from these countries […]
The Bulk Oil Storage and Transportation Company Limited (BOST) has surcharged six transporters for adulterating petroleum products worth GH¢3,445,200.00 at its Kumasi depot last year. This follows the discovery of adulterated fuel by the company during pre-discharge testing processes at its depot last year. Investigations by the committee set up to probe the incidence showed […]
The Minister of Finance, Mr Ken Ofori-Atta, has called for increased political commitment from the governments of West African states to combat illicit financial flows. He said such commitment and political will would help eliminate the criminal activities such funds were used to support. He noted that a reduction in the menace would help reduce […]
The Ghana Revenue Authority (GRA) has started the implementation of six tax reliefs introduced by the government to lighten the tax burden on businesses and the citizenry. The reliefs are to cushion taxpayers against COVID-19-induced challenges and quicken the recovery to sustain and create jobs. They include the exemption of people whose annual incomes are […]
The National Petroleum Authority (NPA) has indicated its decision to restore the Price Stabilisation and Recovery Levies (PSRL) on petrol, diesel and Liquefied Petroleum Gas (LPG) products effective February 1, 2022. President Akufo-Addo had directed the National Petroleum Authority to extend the removal of the Price Stabilisation and Recovery Levies on petrol, diesel, and LPG to […]
Highly acclaimed crisis management company, LCB Worldwide Ghana Limited and the Ghana Union of Traders Association (GUTA) has taken the Market Centres Fumigation project to Cape Coast, the Central Regional Capital. The fumigation train stopped in Cape Coast on Saturday January 29, 2022. As was the case with the Abossey Okai Spare Parts Market in […]
Internationally acclaimed Crisis Management Company, LCB Worldwide Ghana Limited in collaboration with the Ghana Union of Traders Association (GUTA), has taken the fumigation of market centres in the country to the Eastern Regional Capital, Koforidua. Thousands of shops in the city, spanning six market centres namely, Central Market, Juaben Serwaa Market, Adweso Market, Zongo Market, […]
The government has concluded extensive consultations with key stakeholders on the electronic transactions levy (E-Levy) to help build consensus around the passage of the revenue measure. It has also secured the blessing of telecommunication companies (telcos) on the levy in the spirit of burden sharing, which has caused the firms to agree to shave off […]
