The government’s quest to make Ghana an industrialised nation in the nearest future is gradually beginning to bear major fruits. Through the Ghana Automotive Development Policy launched in 2019 with the aim of making affordable new vehicles in the Ghanaian market and reduce the heavy reliance on used vehicles, which create environmental pollution, Japan Motors […]
Parliament today Tuesday March 29, 2022 approved the Electronic Transactions (E-Levy) Bill. This decision was reached after the Consideration Stage was completed by a Majority-sided House following the third reading of the Bill. The opposition National Democratic Congress (NDC) staged a walk out after taking part in the debate of the Bill. The Finance Minister, […]
The Ghana Chamber of Bulk Oil Distributors (COBD) has forecasted an up to ¢1 per litre reduction in the price of petrol and diesel by April 1, 2022. This follows several engagements the COBD had with the Bank of Ghana (BoG) and stakeholders to fashion out interventions aimed at reducing the prices at the various […]
Nine persons have been put before an Accra Circuit for allegedly advertising “winning” lottery numbers on social media to deceive the public. The accused persons –Prince Agboglah Selorm, Wise Akagbo, Hallow Winnifred, Akli Gershon, Peter Sappey, Mantey Dzidzinyo, Oscar Amevor, Azilah Elijah and Samuel Kuditsa –according to the prosecution, were arrested following several complaints from […]
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 […]
