Author: Nerteley Nettey
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Increase our Margin to maintain our Infrastructure – BOST MD
The Managing Director of the Bulk Oil Storage and Transportation Company, BOST, Edwin Provencal, says there is the need for the BOST margin in the petroleum price build-up to be increased from 3 pesewas to 12 pesewas. He says the current margin is woefully inadequate to put the company in a strategic position to fix…
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Processing of documents for Freight Forwarders on May Day yields less results
An attempt by the Ghana Revenue Authority, GRA, to use the May Day Holiday to make up for the days it lost in the processing of documents for freight forwarders and importers due to implementation challenges with the new UNI-PASS system, did not yield the desired results. Citi News’ Tema Correspondent, Elvis Washington, reported that…
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Show off your cooking skills with Huawei Nova 5T’s innovative 5AI cameras
Now that you have the extra time to spend at home, why not perfect your cooking skills? Apart from the basic rice with stew, now you have the time to search for more recipes and start experimenting in the kitchen. It won’t hurt to show off these skills on your social media either! Throw out…
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GRA announces measures to provide relief to taxpayers amid COVID-19
As part measures to mitigate the economic burden on taxpayers due to the novel Coronavirus pandemic, the Ghana Revenue Authority, GRA, has announced that taxpayers who redeem all their outstanding debts due the Authority by June 30, 2020, will be granted a remission of penalties on their principal debts. These measures, according to the GRA,…
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Ghana’s COVID-19 cases now 2,169 with 229 recoveries; 18 deaths
Ghana’s confirmed cases of the novel Coronavirus (COVID-19) have hit 2,169 The number of recoveries have also increased to 229 from 212, whiles the death toll has risen from 17 to 18. This is according to the Ghana Health Service (GHS). This means that 95 new cases have been recorded since the GHS last update…
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Income Tax Act amended to assist specific tier 3 contributors affected by COVID-19
Parliament has amended the Income Tax (Amendment) Act 2015 to exempt withdrawals from third tier Provident funds and personal pension schemes from tax. This is to cushion only contributors who have lost their jobs or capital due to the Coronavirus pandemic. The Amendment in fiscal terms will amount to 639 million Ghana cedis if all…
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Akufo-Addo extends Ghana’s border closure by one month
President Nana Addo Dankwa Akufo-Addo has extended the closure of the country’s borders by one month. The extension takes effect from Monday, May 4, 2020, at 1:00am. The President made the announcement at the virtual May Day celebration on Friday, May 1, 2020 at the Jubilee House. The government says the border closure is to…
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Chamber of Freight & Trade urges Gov’t to take absolute control of port clearance
The Chamber of Freight and Trade says the recent challenges faced by freight forwarders at the country’s ports should inform government to assume full control of the clearing of goods at the ports. GCNet was ordered by the Office of the Senior Minister to handover the single window platform to UNIPASS on April 28. However,…
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BoG issues first Dedicated Electronic Money Issuer license to Zeepay
In accordance with the Payment Systems and Services Act, 2019 (Act 987), the Bank of Ghana (BoG), has authorized its first Dedicated Electronic Money Issuer license, to a local Financial Technology (Fintech) company, Zeepay Ghana Ltd. This is part of efforts to deepen financial inclusion in the country, the Bank of Ghana announced in a…
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COVID-19: COPEC calls for emergency support for oil and gas companies
Following the economic impact of the novel Coronavirus on individuals and businesses, the Chamber of Petroleum Consumers (COPEC) is urging government to consider providing emergency assistance to oil and gas companies. According to COPEC, a lot of these companies are, “are reeling heavily under the harsh effects of our 3 weeks lockdown and subsequent low…