Author: Bobbie Osei
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We’ll ensure passage of e-levy by end of January – Adu Boahen
The Minister of State at the Ministry of Finance, Charles Adu Boahen, has assured that government will ensure the e-levy is passed in Parliament by the end of this month. Parliament adjourned sitting to January 25, 2022, without passing the controversial Electronic Transfer Levy of 1.75% which government hopes will rake in close to GH¢7…
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New AGI President calls for affordable power, credit to drive industrial growth
Newly sworn-in President of the Association of Ghana Industries (AGI), Dr. Humphrey Ayim-Darke, has charged government to prioritise, among other things, efforts at reducing the cost of electricity and the cost of credit to Ghanaian businesses. According to him, the affordability of the two would help make Ghanaian businesses to be competitive in the era…
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Fuel prices cross GH¢7 mark; represents about 40% increase in 12 months
The price of a litre of fuel has crossed the GH¢ 7 mark for the first time at some pumps across the country. Fuel prices per litre stayed at around Gh¢6.50 on average for a few weeks, and then rose to reach an average of Gh¢6.70 at most pumps in the past week alone, according…
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Continuous travel restrictions may impact international traffic to Ghana – Aviation Analyst
Aviation analyst Sean Mendes says the continued imposition of air travel restrictions in different parts of the world will hamper the ability of Ghana’s aviation sector to fully bounce back to pre-pandemic levels. Despite the strong performance of the domestic sector in 2021, international travel traffic is still underperforming. The Ministry of Foreign Affairs has…
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Fuel prices to hit GH¢7 per litre by January ending – IES predicts
The Institute for Energy Security (IES) says consumers should expect fuel prices at the pumps to hit GH¢7 per litre in the second pricing window of this month, January. Fuel prices per litre at most pumps around the country dropped to around GH¢ 6.50 on average in the past few weeks but have now risen…
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Gov’t charged to address exorbitant fees of shipping lines once and for all- GIFF
The Ghana Institute of Freight Forwarders (GIFF) is urging the government to take a closer look at the shipping lines operating in Ghana and the exorbitant fees they charge importers and exporters. According to the freight forwarders who are in charge of the import and export of goods, the unreasonably high fees of shipping lines…
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Prices of goods won’t increase by 50% if benchmark discounts are reversed – AGI
The Association of Ghana Industries (AGI) has debunked claims and threats of a 50% hike in the prices of goods on the markets if the government goes ahead with the implementation of the reversal of discounts on benchmark values at the ports. The remarks follow consistent claims by the Ghana Union of Traders Association and…
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Don’t backtrack on reversal of benchmark value discounts – AGI urges gov’t
The Association of Ghana Industries (AGI) is urging the government not to relent in its goal of implementing the reversal of the reduction in benchmark values policy introduced in 2019. The remark follows President Nana Akufo-Addo’s directive to the Ghana Revenue Authority (GRA) to suspend the planned implementation of the policy reversal, for further consultations.…
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Be circumspect in your debt accumulation in 2022 – Prof. Quartey to gov’t
The government has been urged to be circumspect when it comes to borrowing this year, 2022. This is according to the Director of the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey. A close look at the Summary of Macroeconomic and Financial Data from the Bank of…
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Implementation of revised benchmark values policy deferred again to Jan. 17
The Ghana Revenue Authority (GRA), has for the second time deferred the implementation of the reversal of reduction of values of imports (known as Benchmark Values) on selected items, to Monday 17, January 2022. The authority explains that the transitional arrangements are to ensure a smooth implementation. It is also to allow a storage free…