Government has directed the Ghana Oil Company (GOIL) to reduce price of fuel at the pumps effective Tuesday, December 7. This follows a crunch meeting between government and transport operators at the Presidency on Monday evening. Head of Communications at the GPRTU, Abass Imoro, who disclosed this on PM Express with Evans Mensah, on Monday, said government […]
The Ghana Free Zones Authority (GFZA) and the Ministry of Trade and Industry are in the process of developing three separate industrial cities in the country to boost the government’s industrialisation agenda. Known as the Special Economic Zones Project, the industrial cities are being developed in the Ashanti, Western and Eastern regions to serve as […]
The successful operations of KGL Group and its subsidiary companies, KGL Technology Limited, KEED and KGL Foundation, are set to contribute significantly to the national economy and Government of Ghana at an expected cumulative value in excess of 100 million Ghana Cedis per annum. KGL Group has contributed significantly to revenue growth and capacity development […]
Effective January 1, 2022, small-scale miners (SSM) will no more be required to pay three per cent withholding tax on gold at the point of export through the Precious Minerals Marketing Company (PMMC). This follows the government’s fiscal policy to scrap the three per cent withholding tax on processed gold and replace it with 1.5 […]
The Telecommunications Chamber has stated that it will engage the government on the newly introduced electronic transaction levy to ensure all-inclusive digital transactions at all levels. According to Chief Executive Officer of the Telecommunications Chamber, Kenneth Ashigbey, the government did not engage the telecommunications industry before introducing the new levy. “So far as this particular […]
The government expects to mobilise about GH¢6.5 billion from the newly introduced E-Levy next year, the Minister of State at the Ministry of Finance, Mr Charles Adu Boahen, has told Graphic Online. The levy imposes a 1.75 per cent tax on mobile money and other electronic (E) transactions that exceed GH¢100 per customer per day. […]
The Minister of Information, Mr Kojo Oppong Nkrumah, says the 2022 budget will focus on creating an enabling environment for young entrepreneurs in the country to develop and grow their businesses. Youth entrepreneurship has become topical in recent weeks following public discussions about how young Ghanaians can be supported to succeed in private businesses. In […]
The government of Ghana has completed the takeover of the ownership of AirtelTigo, Bharti Airtel has disclosed in a regulatory filing to the Bombay Stock Exchange. “This is in further to our announcement dated October 27, 2020, and April 16, 2021, regarding Government of Ghana’s takeover of ownership of Airtel/Tigo Joint Venture. We wish to […]
Facebook has changed its corporate name to Meta as part of a major rebrand. The company said it would better “encompass” what it does, as it broadens its reach beyond social media into areas like virtual reality. The change does not apply to its individual platforms, such as Facebook, Instagram and Whatsapp, only the parent […]
President Akufo-Addo has promised the people of the Central Region that government would operationalise the Komenda Sugar Factory in the first quarter of 2022. The $35 million factory, built from an Indian Exim Bank facility, has not worked since its commissioning in 2016. The factory was revamped to revive the local production of sugar, thereby […]
In its quest to strengthen its foothold in the country’s oil and gas industry, the Ghana National Petroleum Corporation (GNPC) has acquired commercial interests in the Jubilee and the TEN fields. The national oil company now has seven per cent commercial interest in both the Jubilee and the TEN fields, having taken over part of […]
South African food and beverage manufacturer Pioneer Foods has recalled its Ceres apple juice brands that sells in Ghana and other common markets in African countries due to contamination of mould toxins. The recalled brands were detected to have elevated levels of patulin – a fruit-based mould which when consumed can cause nausea, gastrointestinal disturbances, […]
