Author: Emmanuel Oppong
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AGI advocates for innovative policies to support SMEs
Industry players are pushing for the adoption of innovative policies designed to provide Small and Medium Enterprises (SMEs) with dependable access to trade finance. They contend that these initiatives will not only boost SMEs’ production capacities but also assist in curbing the rising import costs burdening African economies. In an effort to foster economic growth…
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Transport owners and the missing NPA: who assured Sentuo to import BRVs?
Ghana’s petroleum downstream has about 5000 Bulk Road Vehicles (BRVs), out of which 4200 have installed tracking devices. There has been about 50% increment in the number of BRVs from 2013 to 2021. However, this increment resulted in a decline of average volumes per BRV by about 30% within the same period. This implies that…
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BOST clarifies amount paid for iPhones bought for company executives
The Bulk Oil Storage and Transportation Limited (BOST) has debunked earlier media reports which suggested that the company paid a little over GHS 28 million for the purchase of iPhones for its corporate executive members. In a statement issued on September 30, the Oil Company maintained, it has made some purchase of the said iPhones…
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Fuel prices to remain fairly stable at the pumps – COPEC
Prices of Petrol and Diesel are likely to remain unchanged in the first pricing window of October. Per projections from the Chamber of Petroleum Consumers (COPEC), there could be a one percent increase at the pumps, but Oil Marketing Companies (OMCs) have agreed not to pass on the cost to consumers due to competition. “There…
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Stakeholders push for West African airline to boost sub-regional trade
As the African Continental Free Trade Area (AfCFTA) continues to gain momentum, stakeholders in West Africa’s aviation sector are actively pushing for measures that would strengthen the regional industry to boost intra African trade. According to them, one key strategy African governments’ need to deploy is to incentivize local carrier operators, ensuring they play a…
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Fitch Solutions predicts Ghana’s medical devices market to post double-digit growth
Fitch Solutions anticipates a notable increase in Ghana’s healthcare budget, with projections indicating a rise to $16.5 billion in 2024, up from the recorded figure of $15.2 billion in 2023. This anticipated expansion in funding underscores Ghana’s commitment to strengthening its healthcare infrastructure there’s more in the following. According to a recent report from Fitch…
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Decentralizing your operations will boost revenue mobilization – GRA told
The Ghana Revenue Authority (GRA) has been urged to intensify its decentralization efforts to enhance domestic resource mobilization and boost tax compliance in the country. This call comes from the Retired Customs Officers Association. Addressing attendees at the 4th Annual General Meeting of the Retired Customs Officers Association in Accra, Major General Carl Modey Rtd.,…
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Peasant farmers advocate for comprehensive trade policy to achieve food security
As part of a concerted drive to combat food insecurity plaguing the African continent, the Peasant Farmers Association is advocating for a comprehensive trade policy aimed at ensuring a constant food supply throughout the region. This advocacy is in response to alarming findings from the Africa Agriculture Status Report, which reveal that approximately 50 percent…
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Ofori-Atta lauds establishment of independent secretariat to achieve climate prosperity
The Minister for Finance, Ken Ofori-Atta has disclosed that, the decision to establish an Independent Secretariat for Climate Vulnerable Forum and the V20 Group of Finance Ministers was a giant step towards achieving climate prosperity objectives. The Minister, who is the Chair of the V20 – the Finance Ministers of the Climate Vulnerable Forum, made…
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GRA fights off claims of harassing traders; calls for cooperation
The Ghana Revenue Authority (GRA) has appealed to the business community to collaborate with its taskforce as the Authority moves to engage leadership of traders to address concerns over the collection of taxes. This comes on the back of a warning by the Ghana Union of Traders Association (GUTA), against the GRA over allegations of…