The Bank of Ghana (BoG) has slashed its benchmark rate, the policy rate by 100 basis points (bps), signalling a return to monetary easing after a year of tightening. The bank reduced the rate from 14.5 per cent to 13.5 per cent today after concluding its 100th Monetary Policy Committee (MPC) meeting on May 29. […]
The government will launch the Development Bank Ghana (DBG) in July with a seed capital of about $500 million. The bank is seen as Ghana’s best bet to addressing the issue of the lack of long-term and competitively priced credit which has faced the private sector for years. Nearly $250 million out of the initial […]
The Ghana Revenue Authority (GRA) has rolled out a tax incentive scheme for taxpayers to help cushion businesses and people against the coronavirus disease (COVID-19) pandemic. The scheme involves waiving the penalty and the accrued interest on tax arrears for both corporate and individual taxpayers as a motivation for them to regularise their tax obligations during […]
The new developers of the Ada Songhor Salt Project are seeking to boost salt production at the facility to one million metric tonnes annually by next year to make Ghana the leading producer of the commodity in West Africa. Electrochem Ghana Limited — which was granted a 15-year mining lease by Parliament in October 2020 […]
The government will in the coming weeks introduce more measures to ease the burden on the public. The Minister of Finance, Mr Ken Ofori-Atta, who disclosed this, said: “Starting this month, we are rolling out over eight additional interventions under the GhanaCARES “Obataanpa” programme and they will be in the health, agriculture, tourism, trade, digitisation, […]
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. […]
