Author: Bobbie Osei
-
Too many tax policy inconsistencies worrying – Tax Analyst
Tax Analyst, Francis Timore Boi has bemoaned the trend of tax policy inconsistencies from the government. According to him, the regular announcement of tax policies followed by a withdrawal of same isn’t good for the government. Since 2017 till date the government has made major U-turns in connection with some key policy proposals, including the…
-
World Bank urges Ghana gov’t to take steps to stabilise its economy
The World Bank has charged the government of Ghana to prioritise the development of a roadmap that will return the country to a state of economic equilibrium that is credible in the eyes of stakeholders. Ghana’s public debt has increased from GH¢ 299.1 billion at the end of 2020 to GH¢344.5 billion as at end…
-
Gold Fields assessing possibility of $500m investment for its Damang Mine
Leading gold mining company Gold Fields Limited says it is assessing the possibility of reinvesting up to $500 million in its Damang mine in the coming years. This reinvestment is likely to materialize the company’s assessment of the mine’s viability and plans for reinvestment are approved by leadership of the company. At the moment Gold…
-
Mining industry will learn from unfortunate Bogoso explosion incident – Gold Fields
Leading gold mining company, Gold Fields Limited, says the mining industry in Ghana can learn from the unfortunate Bogoso-Appiate explosion disaster and become better going forward. The January 20 explosion occurred along the Tarkwa-Bogoso-Ayamfuri road after a truck transporting mining explosives collided with a motorcycle, according to the Police. At least 13 people have been…
-
Tax analyst urges gov’t to increase minimum taxable income to GH¢500
Tax Analyst, Francis Timore Boi has urged the government to consider increasing the salary amount that is taxed at zero percent to a minimum of GH¢500. Currently, employees who receive GH¢365 and below as monthly salary or ¢4,380 as annual salary do not have their earnings taxed. This follows the amendment (no. 2) of the…
-
Disregard news of compulsory ‘Akwaaba insurance policy for international travelers – NIC
The National Insurance Commission (NIC) which regulates the insurance sector in Ghana, has described reports that all international travellers arriving in Ghana by the end of March this year will be expected to sign on to a compulsory insurance cover known as the ‘Akwaaba’ insurance policy, as untrue. Media reports suggested that the said product…
-
Lands Minister justifies suspension of companies at the center of Bogoso explosion
The Minister of Lands and Natural Resources, Samuel Abdulai Jinapor, has justified the decision to order for the closure of Maxam Ghana Limited and Jocyderk Logistics Limited, the two companies at the centre of the unfortunate Bogoso explosion. A letter from the Ministry to the Minerals Commission revealed that preliminary investigations showed that Maxam Ghana…
-
Gov’t urged to be consistent with COVID-19 protocols to attract international tourists
The government is being urged to ensure its anti-COVID-19 protocols, especially at the Kotoka International Airport, are not changed haphazardly in order to boost traveller confidence. This is according to Aviation Analyst, Sean Mendes. According to him, inconsistent COVID-19-related policies will deter international visitors from travelling to countries like Ghana. Despite the strong performance of…
-
![Mixed reactions greet BoG’s directive on use of Ghana Card for financial transactions [Video]](https://citibusinessnews.com/wp-content/uploads/2022/01/9fefb2e34cef087cb8569e5dd5760f10.jpg)
Mixed reactions greet BoG’s directive on use of Ghana Card for financial transactions [Video]
Some Ghanaians have expressed mixed reactions to the directive of the Bank of Ghana for all licensed and regulated financial institutions under the central bank, to accept only the Ghana Card for transactions from July 1, 2022. Per the notice from the Central Bank, the move is in furtherance of the BoG’s objective of ensuring…
-
Aggrieved First Fund customers demand release of locked-up cash
Members of the Coalition of Aggrieved Customers of First Fund have reiterated their call for the Securities and Exchange Commission (SEC) to ensure they are paid their locked-up cash. According to the Coalition, the customers number about 24,000 people and the monies owed them amounts to over GH¢117 million. It will be recalled that the…