Author: Ellen Dapaah
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Gaming industry players call for more consultation on proposed gaming tax
Players in the gaming industry have called for a broader stakeholder engagement with the government ahead of plans to tax their business. According to them, taxing the industry may have an adverse effect on their business. The move to tax the industry follows the government’s concerns that Ghana loses over GHS300 million annually in revenue…
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Don’t approve new fuel levies – COPEC to MPs
The Chamber of Petroleum Consumers (COPEC) has asked that Members of Parliament throw out the new levies on petroleum products. According to the Executive Secretary of COPEC, Duncan Amoah, there are loopholes in the revenue generation of the state that the Finance Ministry needs to find solutions to rather than bringing in new levies. “I…
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Telcos Chamber urges telecoms union to reconsider strike
The Ghana Chamber of Telecommunications has urged the Telecom and IT Professionals Union to consider dialogue instead of striking over a pay dispute. “While the Chamber acknowledges and respects the right of TIP to negotiate for favourable conditions of services, the body is appealing to the union to continue to pursue their demands through negotiation…
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Government seeks $5.5 billion to settle remaining clients of defunct FMCs
The government is seeking the approval of US$5.5 billion to complete payment of the bailout packages to the remaining customers of defunct fund management companies who are yet to be settled. “Mr. Speaker, for the Securities and Exchange Commission to fully settle investors of the remaining 17 AMCs [asset management companies], an amount of GH¢5.5…
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Cedi depreciation in 2020 lowest in fourth republic – Kyei-Mensah-Bonsu
The Minister for Parliamentary Affairs and caretaker Minister for Finance, Osei Kyei-Mensah-Bonsu has touted last year’s performance of the cedi against the other currencies. According to him, the depreciation of the cedi against the dollar in 2020 is the lowest recorded so far in the fourth republic, in spite of the dire effects of the…
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2021 budget: Government to raise US$5 billion from ICM funding program
Government has begun processes to raise an amount of US$5 billion to “support growth-oriented expenditures” in the 2021 budget for this year. This comes after an earlier consideration to launch a 2021 International Capital Market (ICM) funding programme for the medium term in order to raise this amount of money. The ICM Programme instruments consist…
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Asoriba, Hollard Life to provide church members platform to give and be insured
Africa’s leading church technology service provider, Asoriba, and top life insurer, Hollard Life Assurance, have partnered to provide church members a platform to give electronically to their churches while earning free life insurance. With this partnership, church members can gain life cover and hospital cash-back by simply dialing USSD code *800*80# or downloading MyChurchPay Mobile…
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MTN to sanction vendors who charge extra money for credit transfers
Leading telecommunication giant, MTN Ghana, has warned that vendors, who charge customers a fee when they sell MTN airtime to them through the Electrical Virtual Distribution (EVD) system otherwise known as credit transfer, will be sanctioned. MTN has reduced the amount of physical recharge cards on the market as part of efforts to go largely…
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British Airway’s decision to reverse operations from Gatwick temporary – Analyst
The recent decision by British Airways to halt its move of the operation of its Ghana Service from the London Heathrow Airport to London Gatwick Airport, has been described as temporary. According to Aviation Industry analyst, Sean Mendis, British Airways is likely to reverse its decision to service Ghanaians from the Gatwick Airport in October…
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GRIDCo allays fears of ‘dumsor’ following recent blackouts
The Ghana Grid Company Limited, GRIDCo, says the country has not returned to the days of severe erratic power cuts otherwise known as ‘dumsor’. This comes after several parts of the country have been plunged into darkness several times in the last few weeks. But GRIDCo in attempts to take away the fears of citizens…