Author: Ellen Dapaah
-
CSOs begin fresh push for passage of Tax Exemptions Bill
There is a fresh push for the re-introduction of the Ghana Tax Exemptions Bill in Parliament. A group of civil society organisations with funding from Oxfam want the Bill back on the agenda of the 8th Parliament after the 7th Parliament failed to pass it. Under the Legislative Advocacy project, the Tax Justice Coalition, Ghana…
-
ADB’s profit after tax in 2020 up by 400% despite impact of COVID-19
Despite the ravaging impact of the COVID-19 pandemic on the financial sector, Ghana’s sole agriculture bank, the Agricultural Development Bank (ADB) has recorded a 400 percent increase in profit after tax for the year 2020. GHS65.5 million was declared for 2020 as against GHS14.9 million recorded in 2019. This was announced by the former Board…
-
Newly inaugurated COCOBOD board tasked to ensure prudent payments to LBCs
The Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto, has charged the newly inaugurated eleven-member board of the Ghana Cocoa Board (COCOBOD) to address the issue of delayed payments to Licensed Buying Companies (LBCs). For months now, the cocoa sector has been faced with the problem of Licensed Buying Companies carting cocoa from farmers…
-
African governments urged to ensure smooth implementation of Pan African Payment system
African countries have been asked to build an integrated and organized financial mechanism, and allow an independent monetary system, to ensure the smooth and effective implementation of the Pan African Payment and Settlement System (PAPSS). This was captured in a communiqué issued at the end of the 5th Ghana International Trade and Finance Conference. The…
-
Bank of Ghana revises mergers and acquisitions directive
The Bank of Ghana still reserves the sole right to approve any merger, acquisition or transfer of shares and stakes in any regulated financial institution. This is according to the new directives on Mergers and Acquisitions issued by the Central Bank. Under the new set of directives, the Bank of Ghana draws heavily on its…
-
Some fertilizer suppliers yet to receive money released by government – Peasant Farmers
The Peasant Farmers Association says the government is employing a delayed approach in settling debts owed fertilizer suppliers in the country. This comes after the Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto, told Parliament on Thursday, August 5, 2021, that GHS260 million had been released to pay fertilizer suppliers under the Planting for…
-
Former World Bank VP Frannie Leautier joins Governing Council of ICCE
The Institute of Certified Chartered Economists (ICCE) has announced the appointment of Dr. Frannie Leautier, a former Vice President of the World Bank Group, to its Governing Council. The ICCE is a professional body for economists committed to raising economics professionals with the highest ethical standards through quality education and collaborative learning. The Institute provides…
-
ISSER reiterates need for assessment of newly introduced taxes
The Institute for Statistical, Social and Economic Research (ISSER) has called for a critical assessment of the new taxes imposed on the country in the early part of this year. The government, as part of its revenue mobilization drive, introduced some levies and taxes in the 2021 budget, a move many criticized. The taxes include…
-
Government urged to provide roadmap for delivering one million jobs agenda
Labour analyst, Senyo Agyabeng, has urged the government to provide a roadmap for delivering its one million jobs agenda. In Ghana, available data indicates that 600,000 people out of the total labour force of over 12 million are not employed. Analysts have warned that the figure may go up if interventions are not put in…
-
Africa must build robust compliance systems against financial crime – Nana Addo
President Nana Addo Dankwa Akufo-Addo has stated that for Africa to be able to transform itself and become the epitome of economic empowerment and self-reliance, it needs to have the wherewithal to be able to protect and optimise the resources at its disposal. To this end, President Akufo-Addo, speaking at the EBII Africa Investments Risk…