Business

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 …

The Ghana Statistical Service (GSS) is expected to declare the country’s official population on Monday, August 2 at a press conference in Accra. This follows the end of the 2021 Housing and Population Census on Saturday, July 31. The exercise began midnight of Sunday, June 27 but had to be …

By Naa Anyema Collison The Ghana International Trade & Finance Conference has since its inception supported the agenda for the creation of a Single Continental Payment platform where all financial transactions will be carried out on the AfCFTA platform. Chairman of the Association of Ghana Industries Tsoam C. Akpeloo indicated …

BY: Naa Anyema Collison The Bank of Ghana’s Monetary Policy Committee (MPC) has maintained the policy rate at 13.5 per cent. The Committee said this is because its assessment showed that the risks to inflation and growth were broadly balanced. The committee announced this in a press statement on Monday, …

BY: Naa Anyema Collison Ghana’s total public debt stock has increased once again according to new data released by the Bank of Ghana. The debt stock which ended the first quarter of 2021 at GH¢ 304.6 billion, increased by almost GH¢ 30 billion in April and May. This saw Ghana’s …

BY: Patience Awadzi In Ghana where 15-seater commercial “Trotro” vehicle owners pay only GHS16 Income Tax per quarter on their total Revenue must certainly need to look for drastic measures to tax taxpayers in the informal sector. Critics say the tax imposed on operators in the informal sector does not …

BY: Raphael Richstison Tetteh The Vice President, Dr. Mahamudu Bawumia, says government will complete the fixing of unique addresses on all properties as part of the National Digital Property Address System by 2022. Speaking at the 13th Congregation ceremony at the University of Professional Studies, Dr. Bawumia presented the importance …

Minister of Trade and Industry Alan Kwadwo Kyerematen has given a strong assurance that the Komenda Sugar Factory in the Central Region will resume operations before the end of this year. He said government is in the process of finalising agreements with the strategic partner, Park Agrotech Limited, whose conditions …

The Minister of Trade and Industry, Alan Kyerematen, has stated that, government’s One District One Factory initiative has so far created 150,975 jobs since its establishment in 2017. The 1D1F program is a private sector-led initiative that seeks to create the necessary conducive environment for businesses to access funding from …

BY: Joyce Andzie The introduction of the mobile money service has really contributed to the development of the country. It has made sending and receiving money easier and faster, however, fraudsters have taken advantage of the highly positive technological service to steal from people. The problem is a colossal challenge …

The Deputy Minister for Food and Agriculture, Yaw Frimpong Addo has urged Ghanaians of a stable price of foodstuff by September. “It is our hope that once the new produce has been harvested by end of September, October prices will stabilize because we are going to have a lot of …

The government has secured a $34 million loan facility to rehabilitate the Kpong Left Bank Irrigation Project. The project, which has been completed awaiting investors, is sited between Akuse in the Eastern Region and Torgorme in the North Tongu District in the Volta Region. The Minister for Food and Agriculture, …

BY: Cynthia Bawa The Greater Accra Poultry Farmers Association is pleading on poultry farmers to be cautious and vigilant to avoid a further spread of the Highly Pathogenic Avian Influenza disease, otherwise known as Bird Flu, in the country. After the outbreak of Bird Flu in parts of Ghana, the …

Adoanewsonline.com Vice President Dr Mahamudu Bawumia has indicated that the launch of the comprehensive digital service and revenue collection platform, created to provide a single point of access to Government of Ghana services for the public, will increase government revenue by an estimated GHS3 billion. The Ghana.gov platform is in …

BY: Naa Anyema Collision Inflation for the month of June 2021 is 7.8%, according to figures from the Ghana Statistical Service. This means that in June 2021, the general price level was 7.8% higher than in June 2020. Month-on-month inflation between May 2021 and June 2021 was 1.3%. The higher …

BY: Naa Anyema Collison The Central Bank of Ghana has announced its 101st Monetary Policy Committee meeting will take place from Wednesday 21 to Friday, July 23, 2021. The meeting will entail the initiation of proposals for the formulation of the policies of the central bank, provision of statistical data, …

BY: Naa Anyema Collison Members of the Mobile Money Agents Association of Ghana (MMAAG) have hinted increase in service following an emergency meeting The Association had complained about a back-door increase in taxes imposed on telecommunication companies by the government, thereby forcing them to pass on the charges to their …

BY: Naa Anyema Collision The Ghana Investment Promotion Centre (GIPC) will on 23rd and 24th June 2021, hold the maiden Ghana Diaspora Investment Summit at the Kempinski Gold Coast City Hotel.The event, themed “The New Normal, leveraging Diaspora investments to build back better” will create an avenue to foster partnerships …

BY:   Justice Kwaku Aniah- Baba One of the most essential industries in society, banks are critical to our economy and everyday lives. From private citizens to small businesses, banks are responsible for the security of funds and accounts for their customers. Part of this security initiative requires private security …

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also …