Author: Anita Arthur Kissi-Mireku
-
Private Industries call for introduction of import license
CEO of the Private Enterprise Federation (PEF), Nana Osei Bonsu has called on government to introduce an import license policy to regulate the country’s imports. An import license is a document issued by a national government authorizing the importation of certain goods into its territory. According to him such a move has become critical as…
-
Poultry farmers call on government to revive local industry
The Greater Accra Poultry Farmers Association is calling on government to take immediate and drastic measures to revive the once vibrant industry. The call comes on the back of reports by the importers and exporters association that government has scrapped the 30% benchmark value reduction policy. On numerous occasions, players in the country’s poultry industry…
-
Micro Credit Association demand policies to control inflation and cedi fall in budget
Members of the Micro Credit Association of Ghana are calling on the Finance Minister, Ken Ofori Atta to introduce policies aimed at controlling inflation and stabilizing the cedi in the upcoming budget presentation. The economy has been hard hit with the effects of the depreciating cedi and the rise in inflation which is currently at…
-
Micro Credit Association to benefit from $200M loan facility from Afrexim Bank
The Micro Credit Association of Ghana says customers should expect a revamp in their operations in the coming weeks following a two hundred million dollar loan facility from Afexim Bank. The sector took hard hit during the onset of the COVID -19 pandemic whiles still adjusting to the 2017banking sector clean up. According to the…
-
IMF paints gloomy picture for banks in 2023
The International Monetary Fund is predicting a gloomy picture for the banking sector in developing countries including Ghana in the coming year if global economic conditions do not improve. This was captured in the latest Global Financial Stability Report released by the IMF. The Government of Ghana embarked on a clean-up exercise of the banking…
-
Take advantage of Regulatory Sandbox, BoG to fintechs and financial service providers
The Bank of Ghana has called on various fintechs and financial service providers to take advantage of its Regulatory Sandbox as part of government’s quest to drive financial inclusion. A regulatory sandbox is a framework set up by a financial sector regulator to allow small-scale, live testing of innovations by private firms in a controlled…
-
GRA rolls out electronic invoicing system from 1st October
The Ghana Revenue Authority (GRA) from Saturday 1st October 2022 began with the use of a certified invoicing system for the administration of Value Added Tax (VAT) in Ghana. This forms part of efforts to increase tax compliance and generate more revenue for the state. A Certified Invoicing System is an electronic invoicing system(E-VAT) certified…
-
Import duties will continue to drive inflation if not checked – Importers and Exporters Association
The Importers and Exporters Association of Ghana says prices of goods will continue to increase uncontrollably should government fail to reduce import duties at the ports The association has revealed that there have been huge differences in import duties and taxes at the port in the past days due to some differences in the exchange…
-
Mobile money loan defaulters to be denied access to future credit- BoG
The Bank of Ghana (BoG) has warned individuals who have acquired loans through Mobile Money platforms, but have deliberately refused to register their SIM cards with the intention of avoiding repayment of the loans to rescind the decision and clear their debt. A statement from the BoG stated that, “failure to repay such loans will…