Author: Nerteley Nettey
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GRA to roll-out automated tax clearance system from October – Veep
Government has revealed that it will begin rolling out the automation of all tax clearing certificates, TCCs, from October this year. This is part of efforts to promote tax compliance. This latest move is aimed at reducing the voluntary use of powers and its attendant alleged corruption by public officials in the country. Prior to…
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Vegetable exporters target US$7m revenue by 2023
Vegetable producers and exporters in the country are projecting an annual revenue of US$ 7 million between now and next year as contribution to the non-traditional export sector (NTE). According to the producers, this is a result of increasing demands in the EU and US markets coupled with high production capacity in Ghana. Already, statistics…
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Local currency crosses ¢10 to one dollar mark on retail market
The local currency has crossed the ¢10 to one dollar mark on the retail market. A visit by Citi Business News to some forex bureau and banks within the capital shows that some are selling a dollar for GH¢9.98 whilst others are selling it for GH¢10.10. According to some of the forex bureau operators, there…
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Full Text: Monetary Policy Committee of BoG increases key rate to 22%
The Monetary Policy Committee (MPC), today held an extraordinary meeting to review recent developments in the economy and assess risks to the outlook. The Committee took note of the increase in inflation in the month of July and heightened pressures in foreign exchange market and deliberated on the underlying drivers. A summary of the assessment…
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AGI reiterates calls for the implementation of policies to support businesses
The Association of Ghana Industries, AGI, has reiterated calls for the introduction of deliberate policies and programmes to support industries or businesses. According to the AGI, this is one of the best ways that the country can overcome its current economic crisis. Speaking at the 5th Ghana Industrial Exhibition Summit in Accra, President of the…
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Tariff Increment: PURC urged to ensure consumers get value for money from electricity usage
The Chamber of Independent Power Producers Distributors and Bulk Consumers, has charged the Public Utilities Regulatory Commission PURC to ensure consumers get value for their money. This comes after the Public Utilities Regulatory Commission (PURC) announced a 27.15% increase in tariff for electricity and 21.55% increase in water tariff effective September 1, 2022. Commenting on…
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S&P downgrade: Gov’t urged to quicken pace of fiscal consolidation
Economist with Databank, Courage Martey has reiterated calls for government to hasten the pace of fiscal consolidation in the short to medium term. In an interview with Citi Business News, the economist said this will restore the country back above the current downgraded position that the country is facing. His call comes as international ratings…
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GIPC and GSE sign MoU to attract more investment into Ghana
As part of efforts to attract more investment into the country, the Ghana Stock Exchange, GSE, and the Ghana Investment Promotion Investment Centre, GIPC have signed an agreement to promote deeper alliance between the two institutions. The Memorandum of Understanding, MoU, establishes a practical framework for developing greater partnership between the two institutions. The GIPC…
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We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel
International telecommunications firm, Telecel Group, says it is willing to re-engage government to get the clearance to acquire Vodafone PLC’s operations in Ghana, following earlier hurdles. Last week, news broke about Vodafone Group’s intention to exit Ghana’s telecom market to enable it re-focus on its key markets. The British telecommunication giant had agreed to offload…
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WAPCo commits to cleaner and reliable energy
Managing Director of the West African Gas Pipeline Company Limited, (WAPCo), operator of the West African Gas Pipeline (WAGP), Gregory Germani has assured of his outfit’s commitment to providing cleaner and reliable energy for customers. According to him, his outfit has an enviable safety practice and record which reflected its commitment to safe operations to…