Author: Anita Arthur Kissi-Mireku
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AfCFTA Secretariat to begin operations ahead of trade activities from Jan. 2021
Parliament has approved the choice of Ghana as the host country for the establishment of the African Continental Free Trade Area Secretariat (AfCFTA) in Accra. A report of Parliament’s Foreign Affairs Committee says Ghana will secure premises for the secretariat and furnish it, as well as provide the necessary security. According to the report, the…
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New cedi denominations won’t affect cashless agenda – Hubtel CEO
The introduction of the new cedi denominations by the Bank of Ghana, will have little or no impact on government’s drive towards a cashless economy. That’s according to Alex Bram, the CEO of Hubtel Ghana, an e-Commerce platform, . Government has targeted 2020 to migrate all state-owned institutions to cashless systems from the manual receipt of monies…
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Businesses must understand new Companies Act- GARIA President
The President of the Ghana Association of Restructuring and Insolvency Advisers, GARIA, Felix Addo, is urging young entrepreneurs to seek understanding of the new Companies Act to avert lawsuits that may distract their operations. President Akufo-Addo assented to the New Companies Act, on August 2nd 2019. The Companies Act, 2019 has been in the works…
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New Ghana cedi denominations could cause inflation- Economist warns
Financial Economist, Dr. Lord Mensah, has stated that the introduction of the new Ghana Cedi notes by the Bank of Ghana, is likely to increase the prices of goods and lead to inflation. “For me, I think it has the tendency of causing inflation because anytime you are pricing, you will look for the minimum…
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Finance Minister hints of possible review of benchmark import value in 2020
The Finance Minister, Ken Ofori-Atta, has hinted of a possible review of the 50 percent benchmark import value next year. Government in April this year, during the mid-year budget review, reduced the benchmark value of import duties on general goods by 50 per cent and 30 per cent on vehicles to make importation cheaper. However,…
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Closing gap between industry and academia critical for reducing unemployment- GEA
Ghana’s unemployment levels will continue to remain high if government does not take serious steps to close the existing gap between industry and academia. That’s according to the Ghana Employers’ Association. Information available shows that in 2018, unemployment rate in Ghana was at approximately 6.71 percent of the total labour force. The unemployment rate is…
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COPEC raises alarm over sub-standard diesel; calls on regulators to act
The Chamber of Petroleum Consumers (COPEC), is asking government agencies responsible for the petroleum sector and standards to rid the market of sub-standard diesel being sold by some fuel stations. The product, known as harbour load or black oil according to COPEC, could ruin vehicle engines. Executive Secretary of COPEC, Duncan Amoah, is thus calling…
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GIPC hopeful of more investments in agric sector as it touts 2018 growth
The Ghana Investment Promotion Center, GIPC, says it is hoping to double investment in the agricultural sector to help increase non-traditional export in 2019. According to the Center, the agricultural sector was able to rake in 591 million dollars export in 2018, a figure it seeks to increase in 2019. Speaking about some plans adopted…
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Lack of access to credit affecting our operations – Local Rice Millers
The Rice Millers Association of Ghana, has blamed inadequate financing for their inability to purchase the huge volumes of rice produced by farmers across the country. The Millers allege that most financial institutions expressed interest in funding imported rather than local producers. Citi TV and Citi FM CEO, Samuel Attah-Mensah has been leading a campaign…
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Importers and Exporters Association reiterates call for suspension of increment in port charges
The Importers and Exporters Association of Ghana, has reiterated calls for the suspension of the impending 11 percent tariff increment for cargo handling at the Terminal 3 of the Tema Port. The increment, announced by the Ghana Ports and Harbours Authority (GPHA) is expected to take effect from 2nd December, 2019. Although the Ghana Ports…