Author: Emmanuel Oppong
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Afreximbank urges African businesses to embrace insurance
The Executive Vice President of the Intra – African Trade Bank of the African Export-Import Bank (Afreximbank), Kanayo Awani has reiterated the need for African businesses to embrace innovative insurance packages to spur economic growth. This, she explains will reduce the several instances of the continent’s over reliance on its external partners for optimal economic…
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NPRA targets 25% pension penetration in informal sector by 2026
The National Pensions Regulatory Authority (NPRA) is working to increase pension penetration amongst the informal sector workers. This move if finalized will see the penetration increased from 6 to 25 percent by 2026. The Authority explains that although a section of the informal sector hold a misconception about pensions it is committed in its sensitization…
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Growth and Sustainability Levy will jeopardize business operations – Ghana Chamber of Mines
The Ghana Chamber of Mines is impressing on government to have a deeper engagement with players within the mining industry to reconsider the Growth and Sustainability Levy as it has a crippling effect on the sector. This follows the implementation of the Growth and Sustainability Levy and two other new taxes on Monday, May 1,…
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Unlock the full potential of mining, energy sectors for domestic industrialization – Abu Jinapor
The Ministry of Lands and Natural Resources has reiterated calls for players within the mining Industry to prioritize value addition to its extractives exported out of the country to ensure the country rakes in the full benefit of the Industry. The sector Minister, Samuel Abu Jinapor maintains that narrative of naturally endowed countries being caught…
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Update your records or have your names expunged – ORC tells businesses
Businesses entities and other professional bodies risk having their details expunged from the National Register if they fail to update their records with the Office of the Registrar of Companies (ORC). This, the ORC explains has become necessary as the new office was hived from the Registrar General’s Department. Jemima Maama Oware, the Registrar of Companies…
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African leaders urged to push for electronic cars over combustible automobiles
Players within the Africa energy space have criticized the various governments in the sub-region for allowing the establishment of combustible automobile industries on the continent. They argue, among other things, that investments in the automobile industry should focus on electric vehicles (EVs) to mitigate the negative impacts of fossil fuel use. Dr. Ferdinand Tornyie, a…
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Modify old trade conventions to favor local printing firms – AGI tells govt
The Association of Ghana Industries is calling on government to review some outdated trade policies to give a boost to local producers within the printing, packaging and labeling space. The Association explains that with the growing presence of industrial revolution in the country, local producers have built their competences to meet the demand of clients…
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Re-consider computation of VAT for local industries- AGI tells govt
Government is being urged to reconsider its current calculation of Value Added Tax (VAT) on indigenous companies whose annual revenue exceed GHS 500,000 per annum to reduce the economic burden on local industries. According to the Association of Ghana Industries per the current calculations of VAT of 15% and the summation of the COVID levy,…
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Re-establishing national airline critical to reducing forex loss – Former Civil Aviation Boss
A Former Director General of the Ghana Civil Aviation Authority, Wing Commander Andy Mensah Retired has reiterated calls for the country to fast-track processes of re-establishing an indigenous commercial airline. He explains that an indigenous airline will reduce the incidence of transferring traveling traffics to other destinations which reduces the inflow of the forex into…
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Ghana’s energy sector needs audit to ascertain debt levels – COPEC
The Chamber of Petroleum Consumers Ghana (COPEC) is calling for a full-scale audit to be launched into Ghana’s power and energy sector to ascertain the country’s current debt level of the sector. This comes at a time when the Public Utility Regulatory Commission (PURC) has increased electricity tariff by 18.3 per cent and has since…