Author: Emmanuel Oppong
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![Potential impacts of recently-introduced taxes on agribusiness in Ghana [Article]](https://citibusinessnews.com/wp-content/uploads/2023/04/taxes-1.jpg)
Potential impacts of recently-introduced taxes on agribusiness in Ghana [Article]
The three new taxes introduced by the government of Ghana in 2023 – the Growth and Sustainability Levy Act (Act 1095), the Excise Duty Amendment Act 2022 (Act 1094), and the Income Tax Amendment Act 2022 (Act 1093) – have raised concerns about potential impacts on agribusiness in Ghana. While the new taxes have been…
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AAC signs MoU with UCC to deepen research into rice production in Ghana
The Chief Executive Officer (CEO) of the Asian African Consortium (AAC), Mrs. Adelaide Araba Agyepong, has indicated the need for collaboration between academia and industry to find solutions to the deficit which exist in the rice production value chain in the country. Adelaide Araba Agyepong explains that well-thought-through research will redefine the growth of the…
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![The importance of trade secrets in the food and beverage industry [Article]](https://citibusinessnews.com/wp-content/uploads/2023/04/WhatsApp-Image-2023-04-21-at-04.22.29.jpeg)
The importance of trade secrets in the food and beverage industry [Article]
– An interview with Kojo Brifo, Freddy Hirsch WA MD, and Uduak Koka, Intellectual Property Expert and MD of Baesault In this interview, Kojo Brifo, Managing Director of Freddy Hirsch Nigeria and West Africa and Uduak Koka, an Intellectual Property expert and Managing Director of Baesault, an intellectual property consultancy speak on trade secrets in…
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Ghana’s economy grew by 3.1 percent in 2022 – GSS
Latest data from the Ghana Statistical Service, GSS has revealed that Ghana’s economy has expanded by 3.1% in 2022. According to the GSS, this is dip as compared to the 5.1 percent record in the year 2021. The data also shows that the economy grew by 3.7 percent in the fourth quarter of 2022. Addressing…
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Food inflation may go up due to 3 new taxes- Chamber of Agribusiness
A Director of Policy and Research Bureau at the Chamber of Agribusiness Ghana, Kojo Ahiakpa, has opined that the three taxes assented to by the president may cause food inflation to rise. President Nana Addo Dankwa Akufo-Addo has assented into law the three new taxes passed by Parliament in March 2023. The taxes are the…
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GSS projects 4.3 million tourist arrivals in Ghana by 2027
The Ghana Statistical Service (GSS) is projecting that about 4.3 million individuals will arrive in the country by 2027 as tourist arrivals . This, the GSS believes, if properly optimized by industry players, will help boost the local economy. The Service maintains that is committed to helping the various ministries set clearer statistical targets which…
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Ghana’s fiscal outlook to reduce to 6.6% – Prof. Osei-Assibey
Economist and Statistician, Professor Eric Osei-Assibey has opined that the fiscal outlook of the local economy will reduce to about 6.6 percent in the coming months of the year 2023. He explains that this forecast could be achieved based on government’s fiscal consolidation measures put in place as it seeks a $3 billion IMF bailout…
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DBG assures of finance support for SMEs to boost economic growth
The Chief Executive Officer of the Development Bank Ghana (DBG), Kwamina Duker has indicated the bank is disbursing at least 600 million Ghana cedis in loans for on-lending to SMEs this year as part of efforts to resuscitate the economy. He maintains that the challenges confronting the local economy can be partly resolved if the…
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Operators of Deepwater Tano/Cape presents PoD to govt
Operators of Deepwater Tano/Cape Three Points block offshore Ghana have submitted a Plan of Development to the Ghanaian authorities on behalf of its partners. The plan of development will form the basis for the sustainable and efficient development of the Pecan. This was contained in a press statement issued by Aker Energy Ghana Limited and…
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Inflation could anchor at 28% before end of 2023 – Courage Boti
Economist and currency analyst at GCB Capital Limited, Courage Boti is hopeful of a sharper decline in the country’s inflation as he predicts the year 2023 could end with a rate of about 28 percent. His comment comes on the back of a significant drop in inflation with the month of March recording 45% from…