Author: Ellen Dapaah
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Vulnerabilities in digital systems reason for increase in banking sector fraud – E-crime Bureau
The latest report released by the Bank of Ghana on cyber fraud indicates that the banking industry, in 2019, reported a total of 2,295 fraud cases as compared to 2,175 fraud cases reported in 2018. Giving reasons for the increase in the number of fraud cases in the sector, the central bank stated that the…
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Mahama’s pledge to SMEs laudable but not doable – Tax analyst
A tax analyst, Timore Francis Boi, has doubted the feasibility of the National Democratic Congress’ Flagbearer, John Dramani Mahama’s promise to provide some tax reliefs for Small and Medium Scale Enterprises (SMEs) when voted into power. On Wednesday, August 19, Mr. Mahama disclosed that he will exclude SMEs from paying corporate income taxes when given…
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Edward Boateng seeks tariff-free entry of Ghana’s cocoa products into Chinese market
Ghana’s cocoa products will soon enjoy zero tariffs on China’s market should everything go as planned. This is according to Ghana’s Ambassador to China, Edward Boateng. He made these comments after a launch of the Africa Cocoa Centre; a cocoa trading space which will connect Africa to China’s fast-growing appetite for chocolate and other cocoa…
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Security services to remain on existing pension programmes – Oppong Nkrumah
The Minister for Information, Kojo Oppong Nkrumah has revealed that the government has taken a decision to exclude security service agencies in the country from the unification of pensions and has opted to allow these services to remain on their already existing pension programmes. The Minister, while addressing the press on Thursday, August 20, 2020,…
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TEDMAG begins training of FBOs, value chain actors across Ghana
The Technical Education Development to Modernise Agriculture in Ghana (TEDMAG) Project on Tuesday,18th August, 2020 has launched a training session for Farmer Based Organisations (FBOs) and value chain actors across the country. The training which is to take place from 18th to 24th August in Accra, Kumasi, Sunyani, Wa, Bolgatanga, Ho, Tamale and Cape Coast…
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Economist justifies hike in government’s expenditure after BoG quarterly report
A new report released by the Bank of Ghana on the government’s financial standing in the first quarter of 2020 indicates that the government’s expenditure increased by over GH¢5,867 million; indicating a 28.3 percent increase as compared to the amount of money spent in 2019 over the same period. According to the report, “Government expenditure…
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SMEs to be exempted from paying corporate income tax – Mahama pledges
Small and Medium Scale Enterprises (SMEs) stand a chance of enjoying some tax reliefs if Ghanaians vote the flagbearer of the National Democratic Congress (NDC), John Dramani Mahama into power. According to him, these businesses will be free from paying corporate income taxes should he be given the nod. This will form part of efforts…
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80 warehouses built, others ongoing to support farmers – Bawumia
As part of efforts to better the agricultural sector, the government has so far built about 80 warehouses across the country to enable proper food storage. This, according to the Vice President, Dr. Mahamudu Bawumia, forms part of the government’s promise of building a warehouse in each district in Ghana. Many farmers, over time, have…
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Afrocacy elated over commissioning of AfCFTA Secretariat building
A Pan African social movement, Afrocacy, has lauded the “successful commissioning” of the Africa Continental Free Trade Area (AfCFTA) Secretariat building. The ceremony, which took place, Monday, August 17, is purposed to administer the free trade agreement for creating a single market across 55 countries with a combined population of 1.2 billion and a total…
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Importers hopeful of better trade should borders reopen
The Importers and Exporters Association of Ghana has welcomed the hint by the President, Nana Addo Dankwa Akufo-Addo that the country’s air borders may be opened in September 2020. Ghana’s air and land borders have been closed since March following the occurrence of the novel coronavirus. The closure has adversely affected most businesses, including the…