Business

Finance Minister, Ken Ofori-Atta, in preparation to resubmit the controversial E-Levy to parliament for consideration has made some changes to the pending tax which has been a cause of major division in the house. The finance minister however is of the view that the E-Levy will move Ghana’s Gross Domestic …

The Bank of Ghana has announced that from July 1, 2022, the Ghana Card will be the only identification card accepted for any form of banking or financial transactions in the country. According to a statement signed by the secretary of the central bank, all licensed and regulated financial institutions …

Fitch solutions’ current report suggests that Ghana’s economy is likely to continue to record wide budget deficits and arrears despite planned reforms to broaden the tax base. Fitch solutions in its Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis for the first quarter of this year said the country has better …

Beverages are at the centre of every Ghanaian festivity which also contributes to the nutrition of every individual.While 80% water is expected from beverage the rest is drawn from food. The food and beverage association of Ghana established in 2003 runs with a sole aim of serving as an intermediary …

Fuel is one of the unstable commodities in terms of price. Over the past couple of years, fuel prices have been on a steady rise, leading to persistent agitations among industry players and transport operators in the country. Currently, fuel price is on rise as a litre of diesel now …

The National Communication Authority in an earlier indication discloses that, it will extend the deadline for the ongoing SIM card registration from March 31 if the need be.

By: Naa Anyema Collison The Concerned Drivers Union Association, Ghana, has issued a notice of its intention to go on strike come 25th November 2021 over high prices of fuel in the country. The group said it has realised that the increase in the prices of fuel and spare parts …

The Finance Minister has been in the Media Space after presenting the “Agenkwa” budget for 2022 in Parliament. In an earlier submission made by the minister with Paul Adom Otchere monitored by Adoanewsonline.com on the State of Banking System in the country “the country have much more robust and profitable …

The Ghana Investment Promotion Center (GIPC) on Wednesday, 17th November 2021, launched the second edition of Taste of Ghana, purposed to showcase and celebrate Ghana’s unique culture in grand style. The launch, which took place at the Centre’s premises, served as the official outdooring for the main event dubbed ‘Taste …

By: Naa Anyema Collison As part of efforts by the government to rake in more revenue for the country, the government has slapped a 1.75 per cent levy on mobile money and other electronic transactions that exceed GH¢100 per day. The levy called ‘Electronic Transaction Levy or E-Levy’ is contained …

The government could turn to the Bank of Ghana for financing if it fails to enter the international capital market next year to issue a Eurobond, international research institution, REDD Intelligence has said. This is coming despite the Governor of the Bank of Ghana, Dr Ernest Addison, ruling out a …

The Executive Secretary of the Chamber of Petroleum Consumers, Ghana (COPEC) has called on Ghanaians to put pressure on Parliament to enact a law to curtail the powers of the Finance minister to impose unnecessary taxes on the petroleum sector. Mr. Duncan Amoah – Executive Director : COPEC Mr Amoah …

Price Stabilization and Recovery Levies on petrol, diesel, and LPG for two months. A statement issued by the National Petroleum Authority (NPA) said the approval follows the advice of the NPA to the Minister of Energy to seek government’s intervention to mitigate the impact of rising prices of petroleum products …

Ghana will be participating in the largest cultural and diplomatic fair, as 192 countries convergeat the World Expo 2020, which will be held in Dubai from October 1, 2021, to March 31, 2022. The country is poised to leverage this grand occasion, to showcase the immense opportunities itoffers across business, …

By: Naa Anyema Collison Ghana’s attractiveness as an investment destination has proved resilient amid the COVID-19 pandemic, with the country raking in 874.01 million dollars worth of investments from 122 projects in the first half of 2021. Of the total investment of US$874.01 million, The Foreign Direct Investment (FDI) component …

By: Naa Anyema Collison The Minister of Finance, Hon. Ken Ofori-Atta has inaugurated the Board of the Securities and Exchange Commission at the Ministry of Finance. The reconstitution of the Board was in line with the Securities Industries Act, 2016 (Act 929) as amended. Speaking at the inauguration ceremony, the …

By: Rukaya Hamidu Ghana and Mexico have committed to deepening bilateral relations between the two countries. A virtual ceremony was held at the Mexico Embassy in Accra earlier yesterday to mark the 60 years anniversary of the diplomatic relations between Ghana and Mexico. The ceremony saw the attendance of the …

President Akufo-Addo has appointed Ghana’s former Ambassador to China, Edward Boateng, as Managing Director of the Tema Oil Refinery (TOR).Mr. Boateng is expected to lead in the transformation of the company. Edward Boateng takes office at the Tema Oil Refinery at a time when workers at the state institution have …

By: Naa Anyema Collison The Head of Mission Embassy of Peru in Ghana Abel Antonio Càrdenas Tuppia has paid a courtesy call on the Lord Bishop of Accra Rt. Rev.Dr Daniel Sylvanus Mensah Torto. The visit was as part of Peru’s 200 years of independence celebration. In a conversation, the …

By Naa Anyema Collison The Ghana Union of Traders Association (GUTA) is accusing the government of attempts to remove the Benchmark Value Reduction of 50% on some selected imported items, saying, any scrapping of the policy will escalate the prices of goods on the market and increase hardship. A statement …