Author: Ellen Dapaah
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Businesses urged to strengthen supply, value chains to boost local content beyond Ghana
Former Chairman of the Ghana Investment Promotion Centre (GIPC), Kwesi Abeasi, is asking Ghanaian businesses to get onto the international supply and value chains and work towards staying on them to stay relevant on the international market. According to him, businesses have the obligation of coming up with products and services that are competitive enough…
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Business community urged to help bridge gap between demand and supply of Ghanaian chocolate
Participants at a meeting to discuss ways to promote Ghana’s cocoa and chocolate industry have unanimously agreed, that the surest way to bridge the current gap between demand and supply of Ghana’s chocolate and other cocoa products is intensified efforts for investment into cocoa value addition. The Ghana Tourism Authority, in collaboration with Ghana Cocoa…
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Benchmark values reduced to 30% and 10% for goods, vehicles respectively
After months of agitation and weeks of consultations with stakeholders in the trading community on the benchmark values reduction policy, the government has finally concluded on a 30 percent discount for all goods and 10 percent for vehicles. According to the government, this development, which will take effect from March 1, 2022, allows for a…
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GRA to roll out second phase of ICUMS by end of March
The Ghana Revenue Authority (GRA) has disclosed plans to roll out the second phase of the Integrated Customs Management System (ICUMS) at the ports by the end of the first quarter of this year to rake in more revenue for the country. The Integrated Customs Management System deployed in March 2020, is a single-window project…
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Tax analyst lauds GRA’s plan of taxing e-commerce, online businesses
Tax analyst, Francis Timore Boi, has lauded the Ghana Revenue Authority’s plans to begin taxing electronic commerce and online businesses. The GRA has disclosed of plans of raking in some GH¢2.7 billion from taxes as it targets betting, gaming, and e-commerce companies starting from April this year. This will mean the likes of Netflix and…
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Producer Price Inflation rises from 14.7% to 15.6% in January 2022
The year-on-year Producer Price Inflation (PPI) for all industries for the first month of 2022 has risen to 15.6 percent, up from the 14.7 percent recorded in December 2021. The rate represents a 0.9 percentage point increase in the average price of goods and services received by domestic producers in the country for their production…
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Stakeholders call for effective corporate governance structures to develop organizations
The institution of strong corporate governance structures has been highlighted as one of the many critical things that need to be in place to ensure the success and longevity of Ghana’s banking industry and other industries and businesses. According to these stakeholders, the recent default of banks, subsequent financial sector reforms, and collapse of many…
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Global advocacy group demands establishment of mechanism to check deforestation in cocoa sector
Right based campaign and advocacy organization, EcoCare Ghana, is asking chocolate companies, cocoa traders and the government to collaborate to establish a joint deforestation monitoring mechanism to check forest encroachment and illegal cocoa farming. This call comes on the back of data analysis by a global advocacy organization, Mighty Earth, which reveals that Ghana and…
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Gov’t still committed to passing condominium bill – Works and Housing Minister
The Ministry for Works and Housing says it has not relented on its efforts in getting the Condominium Bill to be passed to regulate activities in the housing sector. The Ministry began processes to pass the bill in efforts to regulate the possession of both residential and non-residential condominiums in Ghana, but five years down…
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Tetteh Quarshie cocoa farm to become one of the best tourist sites – GTA CEO
The Ghana Tourism Authority is hopeful that the Tetteh Quarshie cocoa farm will become one of the best tourist sites in a few years to come. The Authority believes the current development being done on Ghana’s first cocoa farm will help attract more tourists and investors to grow the awareness and consumption of Ghana’s cocoa.…