Author: Benjamin Aklama
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Over 16,000 agribusinesses couldn’t recover from COVID-19 shocks – GSS
A new survey conducted by the Ghana Statistical Service with support from the UNDP and GiZ has found that about 16,000 agribusinesses have not recovered from the shocks of the COVID-19 pandemic. The study which focused on firms’ survival, measured from their operational status, the impact of the pandemic on wages and employment revealed that…
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Nana Addo charges MTN to support startups as it marks 25 years in Ghana
President Akufo-Addo has charged MTN to invest in startup businesses and create a telecommunications museum to compile Ghana’s telecommunications history. According to the president, the South African multinational’s success is worth emulating. The president also noted that the story of MTN is yet more proof if any were needed, of the famous saying that Africans…
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ExxonMobil pulls out of Ghana, abandons oil fields
US oil and gas company, ExxonMobil has pulled out of Ghana, abandoning its exploration activities in the Deepwater Cape Three Point Block in the Western Region. The company in a letter to the Minister of Energy, Matthew Opoku Prempeh, copied to the Petroleum Commission and Ghana National Petroleum Corporation, (GNPC) and sighted by Citi Business…
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GRA takes on OMCs for not remitting consumer taxes totalling over GHS100 million
The Ghana Revenue Authority on Thursday, May 20, 2021, began an exercise to take on Oil Market Companies (OMCs) that have defaulted in honouring their tax obligations to the state. The exercise saw the GRA partially possessing and locking up assets of some seven oil marketing companies who, cumulatively, owe the state over GHS100 million…
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New taxes: We don’t expect changes in price of goods, services – Revenue Officer
The Ghana Revenue Authority (GRA) says it does not expect Ghanaians to feel the impact of the new COVID-19 levy which was rolled out with four other new taxes and levies on Saturday, May 1, 2021. The government in its 2021 budget and fiscal policy announced the introduction of a 1% COVID-19 health recovery levy…
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Recruitment into security agencies not suspended – Finance Ministry
The Ministry of Finance has denied media publications that a moratorium has been placed on all recruitments into security agencies. It said the publications are false and should be disregarded. In a statement issued by the Finance Ministry on Tuesday, April 27, 2021, it said the reports, which were based on a supposed official statement…
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Let’s inculcate moral training in business education – Accra Business School Council Chair
The Council Chair of the Accra Business School is advocating for the integration of integrity and ethos in Ghana’s educational curriculum in a bid to strengthen the fight against the canker of corruption. According to Prof. Kwame Omane-Antwi, many of Ghana’s problems including the galamsey menace can be traced to corrupt dealings of people in…
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Credit unions appeal for locked-up funds
The Ghana Credit Unions Association (CUA), has called on the government to expedite work on releasing funds belonging to its members that were locked up during the banking sector clean up. According to the association, the locked-up funds, totalling about GHS203 million belongs to regular Ghanaians who are currently going through difficult times out of…
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Agyapa deal failed because Ghanaians did not trust government – Manteaw
Extractive sector policy researcher and analyst, Dr. Steve Manteaw, has blamed the failure of the Agyapa Gold Royalties deal on the public’s belief in the notion that they were misled by the government. Speaking at a forum on the theme “Extractive Sector Governance: Examining Political economy factors for promoting transparency, participation and accountability” organized by…
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AfCFTA: Reduce cost of power, address credit challenges to boost Ghana’s competitiveness – Konfidants
International advisory firm, Konfidants has urged government to devise strategies to strengthen the country’s existing trade relations on the African continent to take maximum advantage of the African Continental Free Trade Area (AfCFTA). Konfidants also advised government to among other things address the exorbitant cost of credit and power in order to prepare the country…