Author: Edna Agnes Boakye
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Register for VAT or face additional 12.5% charges – GRA to importers
The Ghana Revenue Authority (GRA) has issued a stern warning to importers who are eligible to register for Value Added Tax (VAT) but have failed to do so. Effective June 6, 2023, these importers will face an additional charge of 12.5% on the customs value of taxable goods they import. This development comes in light…
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29 CSOs raise red flags over GNPC – PetroSA deal
The CSO Coalition on Extractive Governance is demanding for the immediate removal of GNPC Board Chairman, Freddie Blay and its CEO, Opoku Ahweneeh Danquah. The demand for their removal comes in light of GNPC’s intention to sell 50% stakes in Jubilee Holdings Limited (JOHL) to PetroSA, despite the substantial revenue potential this interest holds for…
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7th Ghana CEO Summit and Expo held in Accra
The Chief Executive Network Ghana on Monday, May 22, 2023 held the 7th Ghana CEO Summit and Expo in Accra. The one-day Summit was under the theme “Economic Sovereignty, Sustainable Corporate Governance and Digital Industrial Transformation: New Paths for Growth and Prosperity. A Private-Public Sector CEO Dialogue & Learning.” Opening the summit, the Former President, John Mahama said…
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Maintain old transport fares for now – GPRTU to drivers
Ghanaians seeking to enjoy a 10% reduction in transport fares may have their hopes dashed following the refusal of some drivers to bring down fares. In a surprising turn of events, the Ghana Private Road Transport Union (GPRTU) has appealed to the general public to continue paying the existing fares until the leadership of the…
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Finance Minister pledges efficient resource deployment for future growth and stability
Finance Minister, Ken Ofori-Atta has highlighted the importance of the Debt and Debt Exchange Programme (DDEP) in minimizing interest payments and supporting Ghana’s debt management efforts. He further outlined strategies to enhance economic resilience, including reducing import dependency and improving operational efficiency. Addressing a joint press conference between the Government of Ghana and the International…
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IMF praises Ghana’s structurally comprehensive programme
While speaking at a joint press conference between the Government of Ghana and officials of the IMF, the IMF mission chief for Ghana, Stephane Roudet highlighted the extensive structural components of Ghana’s program with the Fund, emphasizing its richness and capacity to strengthen the country’s economy. Mr. Roudet stated, “it is important to emphasize that…
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Gov’t won’t rush to return to capital market – Ofori-Atta
Finance Minister, Ken Ofori-Atta has emphasized the country’s commitment to fiscal responsibility, stating that Ghana will not hastily seek to return to the international capital market for borrowing. Speaking at a press conference on Thursday (May 18), Ofori-Atta highlighted the importance of revenue measures and prudent expenditure management in ensuring financial stability and sustainability. He…
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Efforts underway to secure IMF cash on Friday – Ofori-Atta
The Finance Minister, Ken Ofori-Atta has revealed that Ghana is set to receive the first tranche of the $3 billion bailout package approved by the International Monetary Fund (IMF), tomorrow, May 19, 2023. While speaking at a joint press conference between the Government of Ghana and officials of the IMF, Ofori-Atta outlined a roadmap for continued…
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Cedi becomes world’s best performer ahead of anticipated IMF bailout – Bloomberg
The Ghana Cedi, has outperformed all other global currencies against the US dollar over the past six months, buoyed by investor confidence in the country’s potential approval for a US$3 billion bailout from the International Monetary Fund (IMF). According to Bloomberg’s currency tracker, the Cedi’s remarkable 33% gain since November marks the highest among approximately…
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CUTS International criticizes PURC for ‘ill-timed’ 18.36% tariff increase
Research and public policy think tank, CUTS International has reacted to the recent tariff increment by the Public Utilities Regulatory Commission (PURC) for electricity and natural gas by 18.36% across all consumer groups. The decision to increase the tariffs was made after a review for the second quarter of 2023 to prevent extended power outages and…