Author: Bobbie Osei
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GSE lauds suspension of taxes on capital gains on listed securities
The permanent removal of taxes on capital gains on listed securities in the country has been lauded by the Managing Director of Ghana Stock Exchange, Ekow Afedzie, describing it as critical to the growth of Ghana’s capital market. A capital gain is described as an increase in the value of any asset including stocks, over…
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Don’t retaliate over British Airways route change – Government advised
Government has been advised against taking any reciprocal action against British Airways in response to the expected rerouting of London-Accra-London flights from the London Heathrow Airport to the London Gatwick Airport. Earlier this year, British Airways announced it was shelving its decision to operate its Ghana Services from the Gatwick Airport for passengers travelling on…
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Policy rate may not change anytime soon – Economist
The monetary policy rate has once again been maintained at 14.5% by the Monetary Policy Committee of Bank of Ghana. This marks the 6th time in the past 12 months that the figure which signals the rate at which the Central Bank will lend to commercial banks has been maintained. In the statement issued by…
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BoG maintains policy rate for 6th time over short-term inflationary pressures
The Monetary Policy Committee of the Bank of Ghana after meeting last week and reviewing recent global and domestic developments, including the outlook for the Ghanaian economy has decided to maintain the policy rate for the 6th consecutive time at 14.5 percent. The maintenance of the policy rate which is of keen interest to businesses,…
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Policy rate likely to be maintained for 6th time over high inflation – Economists
The Bank of Ghana is likely to announce a stay of the Monetary Policy Rate for a 6th consecutive time later today, Monday, March 22, 2021. This assertion was made by some economists who have been sharing their view on Ghana’s economic outlook with Citi Business News. The rate which is of keen interest to…
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Supermarkets discriminating against local egg suppliers – GAPFA
Major supermarkets in the country are being accused of putting in place discriminatory barriers that hinder the ability of local producers of eggs to have their produce on their shelves. The comments come on the back of research conducted by Konfidants, an international business advisory firm, which showed a sharp decline in Made-In-Ghana eggs on…
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Increased manufacturing pushes PPI for February to over 10%, highest in 12 months
The average price of goods and services received by domestic producers in the country for their production activities, in the month of February went up by 10.3 percent, when compared with the prices received by the producers in February of last year. The increase in prices which brings the producer price inflation rate for February…
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Passage of Tax Exemptions Bill will boost revenue mobilization – Stakeholders
Some stakeholders have reiterated the need for Government to fast-track the passage of the Tax Exemptions Bill to ensure monies lost to tax exemptions are mopped-up to aid government’s revenue mobilization. Many have described the new revenue targets, especially, the non-oil tax revenue of GHC 53.6 billion, as high considering the marginal increases in revenue…
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Expect intermittent power outages as we fix power system – GRIDCo
The Ghana Grid Company Limited (GRIDCo) says consumers of power should expect some intermittent power outages in the coming months. This is due to ongoing projects on the Pokuase and Kasoa substations and other transmission line works across the country. These works are expected to ultimately fix certain incidental problems in the power system to…
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‘Talk tax’ likely to be increased in 2021 budget – Tax analyst
Ahead of the 2021 budget presentation, Ghanaians should be open to the possibility of the introduction of new taxes or an increase in some existing taxes. That’s according to a tax analyst, Timore Francis Boi. Steps taken by government to deal with the impact of COVID-19 on businesses and individuals have seen government’s expenditure ballooning, pushing…