Author: Ellen Dapaah
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National Chocolate Week: GTA optimistic of a boost in chocolate products to push sector
The Ghana Tourism Authority is optimistic that this year’s National Chocolate week will make chocolate tourism a key feature of its product offerings. The National Chocolate Week celebration, under the theme: ‘Eat Chocolate, Stay Healthy, Grow Ghana’, and sub-themed ‘Our Chocolate, Our Health, Our Wealth’, is part of efforts to promote the domestic consumption of…
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GACL Governing Board holds cordial discussions with staff, union leaders
Members of the Governing Board of the Ghana Airports Company Limited (GACL) has met with staff of the company, as well as the leaders of the company’s workers union. The meetings, held on February 9, 2022, were characterized by cordial discussions between all the stakeholders on the affairs of the company. This follows the termination…
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GRA assures of improved systems to regulate its auctioning processes
The Ghana Revenue Authority (GRA) has assured that it is on course to automate its systems to block all leakages in the collection of revenue in the country. This follows the failure of the Authority to account for the auctioning of 1,719 confiscated vehicles during the period 2015 to 2017 in the recent Auditor General’s…
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Suspension of PSRL was an unrealistic way of tackling fuel price hikes – IES
The Institute for Energy Security (IES) has described the suspension of the Price Stabilization and Recovery Levy (PSRL) as an unrealistic strategy for bringing down domestic fuel prices. Prices of fuel have gone up at the pumps across the country because the levy, which is a key component of the fuel price build-up, has been…
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GRA readies itself for implementation of e-levy ahead of Parliamentary approval
The Ghana Revenue Authority (GRA) has begun preparations towards the implementation of the yet-to-be approved electronic transfer levy. Although the bill for the controversial levy is still under consideration in Parliament, a letter signed by the Commissioner-General of the Authority hints that the revenue collection entity is already developing a monitoring platform for the full…
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Seth Terkper advises against e-levy; urges government to run to IMF
A former Finance Minister, Seth Terkper, is asking the government to heed to calls by stakeholders to return to the International Monetary Fund (IMF) to finance the country’s deficit instead of taxing Ghanaians through the electronic transfer levy. Mr. Terkper who has already registered his opposition to the idea of the e-levy, believes the government…
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Tullow Ghana donates 200 Samsung tablets to Ghana Health Service
Tullow Ghana Limited has donated 200 pieces of Samsung Galaxy A7 tablets to the Ghana Health Services. Responding to the COVID-19 pandemic in Ghana, the government of Ghana has rolled out the National Vaccination Days campaign aimed at vaccinating about 64% of the population to help reduce fatalities from infection and the impact of the pandemic in…
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IEA calls for changes in current inflation targeting structure
The Institute of Economic Affairs (IEA) has asked for reform in the current inflation-targeting framework operated by the Bank of Ghana. The Director of Research at the Institute of Economic Affairs, Dr. John Kwakye believes the framework does not help the country achieve its inflation targets because it predominantly focuses on demand-side factors, while the…
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GRA in talks with stakeholders to increase tax on tobacco products
The Ghana Revenue Authority (GRA) says plans are underway to revise the current tax structure on tobacco products in the country. Tobacco products such as cigarettes, cigars, and cheroots are taxed in Ghana. The taxes include excise tax and sales tax or VAT, import duty, a health insurance levy, ECOWAS levy, and economic development and…
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E-levy to push gov’t revenue to 20% of GDP in 2022 – Fitch projects
International rating agency, Fitch, has projected that the electronic transaction levy will help increase government revenue to 20 percent of GDP in 2022. The 1.75% electronic transaction levy, also known as the e-levy, has become a controversial subject in the country, with both sides in Parliament sharply divided over its approval. While the Majority is…