Author: Bobbie Osei
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Current high inflation rate not an isolated event – Seth Terkper
Former Finance Minister, Seth Terkper has called on government to take a comprehensive look at the economy to resolve the high inflation rate phenomena being experienced and its knock-on effect on other parts of Ghanaian life. According to Mr. Terkper, the high rate of inflation is connected and tied to different aspects of the economy…
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Businesses will pass on increased cost of production from high utility tariffs – GNCCI
The Ghana National Chamber of Commerce and Industry (GNCCI) is cautioning that its members would have no choice but to pass on any increases in their cost of production that will arise, as a result of high utility tariffs. The remark follows the recent proposals for tariff increases by the Electricity Company of Ghana (ECG)…
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SIM cards and devices of E-Levy fraudsters will be blocked – Telcos Chamber
A week after the implementation of the Electronic Transfer Levy (E-Levy), the Ghana Chamber of Telecommunications is warning that the SIM cards, as well as the devices of persons defrauding people using the E-Levy, will be blocked when they are found out. According to reports from the Ghana Chamber of Telecommunications, some unscrupulous persons have…
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Gov’t urged to ban export of crude palm oil to protect local market
The government is being urged to ban the export of Crude Palm Oil (CPO) from Ghana, to ensure local processors have access to the raw material for their work. According to stakeholders in the Crude Palm Oil industry, the current ban on the export of the product by other countries like Indonesia requires that Ghana…
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GRA assures of robust system to keep records on all E-Levy deductions
The Ghana Revenue Authority (GRA) has assured that it has put in place enough systems to track and keep all records of deductions done as part of the implementation of the Electronic Transfer Levy (E-Levy). This follows an order from the Supreme Court charging the GRA to keep accurate records of all e-levy deductions to…
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Supply of cooking oil to stall if Indonesia’s ban on palm oil export persists
Stakeholders in the crude palm oil industry are warning of supply disruptions for cooking oil and imported crude palm oil on the Ghanaian market in the next 2 to 3 months if the ban on palm oil export from Indonesia isn’t lifted soon. Indonesia, the world’s biggest producer of crude palm oil, ordered a ban…
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GRA to address issues associated with E-Levy implementation on Thursday
The Ghana Revenue Authority (GRA) will later this week address questions from multiple stakeholders regarding issues that have come up following the implementation of the Electronic Transfer Levy (E-Levy). That’s according to the Ghana Chamber of Telecommunications. This comes on the back of numerous complaints about alleged unjustified deductions from people’s accounts, along with other…
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Momo Agents Assoc. warns of crisis if education on E-Levy isn’t improved
The Mobile Money Agents Association of Ghana is warning of a crisis if government does not ramp up education on the E-Levy for the general public. Despite attempts by the Finance Ministry, the Ghana Revenue Authority (GRA) and the media at raising awareness about the E-Levy, it appears more needs to be done. Checks by…
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Price of cooking oil to rise following Indonesia’s ban on palm oil export
The price of cooking oil and other products like soaps and biscuits, that are produced using crude palm oil (CPO) should rise in the coming weeks in Ghana if the ban on the export of palm oil from Indonesia isn’t lifted. This is according to stakeholders within the palm oil industry. Indonesia, the world’s biggest…
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Stay away from ‘SIDICOIN’ cryptocurrency investment scheme – BoG warns public
The Bank of Ghana (BoG) has warned the public about an impending launch of a cryptocurrency investment scheme named “SIDICOIN” in Ghana. According to a statement from the Central Bank, neither the cryptocurrency investment scheme nor its promoters have any approval from the Bank of Ghana to operate in the banking and payment services sector.…