Author: Bobbie Osei
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Courier service operators accuse regulator of stifling growth
The National Courier Association Ghana (NACAGHA), an association that seeks to represent its members on the regulatory issues that may affect their operation in Ghana, is cautioning against the massive unemployment that will hit the growing courier service industry if issues such as exorbitant registration fees along with alleged harassment from the police are not…
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Ghanaians cautioned against delaying saving for old age – Databank CEO
Group Chief Executive Officer at Databank Kojo Addae-Mensah has cautioned Ghanaians on the dangers of delaying saving for retirement, saying such delays is the reason why some people invest in risky investment schemes that promise high returns. According to him, the caution is warranted following insights gathered by Databank about the poor attitude to retirement…
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Databank CEO urges gov’t to prevent further rise in expenditure
Group Chief Executive Officer at Databank Kojo Addae-Mensah has urged government to take steps to control or better yet reduce the country’s total expenditure going forward. When the GH¢6.37 billion additional money the Finance Minister has requested from Parliament is approved, it will mean that government will now spend GH¢85.1 billion in the 2019 Fiscal year. Commenting on…
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Young entrepreneurs must look beyond cash to thrive — Yofi Grant
The Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC) Yofi Grant has cautioned that the growing support for young businesses and entrepreneurs across the country will not yield the expected results if the entrepreneurs themselves fail to institute key accountability measures. He made the remarks on the sidelines of the 3rd Edition…
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Telcos’ Chamber calls for more dialogue on “talk tax” before it’s increased
In an attempt to walk the fine line of meeting government’s revised total revenue and grants target of GHC 58.9 billion, while avoiding overtaxing its citizens, the Finance Minister Ken Ofori-Atta has made a number of proposals, key amongst them is the proposed increase in the Communications Service Tax (CST) from 6 to 9 percent.…
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Re-evaluate tax measures to help make industry competitive – AGI to Gov’t
Ahead of the 2019 mid-year budget review presentation later this morning, some private individuals and institutions have added their voice, to calls for some major reforms. The presentation of the supplementary budget by the Finance Minister, Ken Ofori-Attah, comes 8 months after the presentation of the main 2019 budget in November last year. Speaking to…
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More DKM Microfinance customers to be paid from next month
The Registrar-General, the Official Liquidator for defunct Diamond Microfinance Limited (DKM), has announced that it will from 1st August, begin the payment process of dividends to depositors who submitted new claims as well as depositors who were unable to validate their claims back in February this year but have since done so. The announcement follows a…
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Growing external debt component is cause for concern – Prof. Quartey
Director of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has cautioned that the cedi is at risk of depreciation due to the rising external component of Ghana’s public debt. Out of the total GHS200 million debt figure as at May this year, the external component reached GHS105.4 billion…
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Gov’t renegotiating expensive power purchase deals — Oppong-Nkrumah
Government has reiterated it’s committed to taking the necessary steps to ensure that high costs associated with bad power purchase agreements are significantly reduced. The Nana Akufo-Addo led administration has consistently accused the previous regime of signing power agreements which were knee-jerk reactions to the dumsor crisis, a situation which has led to the payment…
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Simplify tax issues to boost public compliance – Oxfam charges Gov’t
Some tax analysts have charged the government to boldly implement the needed measures to strengthen the country’s tax regime into a highly progressive one where those earning more continue to pay more. The sentiments were shared at the 2nd Ghana Tax Dialogue Forum organized by Oxfam Ghana on the theme “How should a fair tax…