Author: Michael Ogbodu
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Expect about 20 pesewas increase in fuel prices soon – COPEC
The Chamber of Petroleum Consumers Ghana (COPEC) is projecting fuel prices may go up by about 20pesewas in the coming days. This development is based on a number of factors that have impacted global fuel pricing. Fuel prices currently sell at about GHS 6.6 at the pumps. But there is an expected change in the…
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Benchmark value: Give concessions to imported raw materials not items produced in Ghana – AGI
As the implementation of the reversal of discounts on Benchmark values Policy begins, the Association of Ghana Industries (AGI) is calling for a stay of execution on the reversal on raw materials which cannot be sourced locally. The government announced the decision to scrap discounts on benchmark values in the 2022 budget as part of…
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CFA Society GH urges members to abide by code of ethics
The Chartered Financial Analyst Society Ghana is urging all players in the investment space to abide strictly by the code of ethics to avert any situation that could lead to another financial sector clean-up. The financial sector cleanup exercise which began in 2017 led to the revocation of licenses of 53 Fund Management Companies. The…
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E-levy; Telco’s must scrap charges on transfers ahead of implementation – Dr Ampaabeng
As the conversation of the electronic transaction levy continues to hang in the balance in parliament, Tax consultant, Dr Alex Ampaabeng is proposing the scrapping of charges on all mobile money transactions. Dr Ampaabeng believes the removal of the charges by telcos will make the implementation of the levy by the government less burdensome for…
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Association of Women in Mining calls for more support for women in the sector
Association of Women in Mining (ASWiM) a wing of the Ghana National Association of Small-Scale Miners is calling for more support for women in artisanal and small-scale gold mining. The group argues that to advance gender equality in Artisanal Small-Scale Mining in Ghana, key governance issues pertaining to the effectiveness of policy and legal instruments…
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5 regions of the north top list in food insecurity in Ghana – statistical service report
All the regions of the northern part of Ghana have ranked highest in food insecurity in the country. This was revealed in the 2020 Comprehensive Food Security and Vulnerability Analysis report by the Ghana Statistical Service has revealed. The upper east region led with 49% of food-insecure residents. In contrast, the Greater Accra and Central…
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Real estate players confident of a yuletide boom despite omicron concerns
The Real estate industry in Ghana was negatively impacted by the outbreak of the COVID-19 pandemic. Despite this, players in the space were confident of a boost this year following the availability of vaccines which proves to have a level of efficacy. However, with news of the new Omicron variant of the virus, what are…
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New COVID-19 variant to blame for global crude price falls – DR Sulemana
Fuel prices on the global markets have fallen sharply from over 80 dollars a barrel to about 72 dollars per barrel. This comes after some international agencies like Goldman Sachs projected the commodity could hit 90 dollars a barrel by the end of the year. What could be the cause of this sudden downturn? Energy…
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E-levy will negatively impact fintech companies – ASEPA
The Alliance for Social Equity and Public Accountability (ASEPA) says the Electronic Transaction Levy introduced by the government in the 2022 budget risks distracting fintech businesses The levy is a 1.75 per cent rate applicable on all electronic transactions apart from those that add up to GH¢100 or less per day or a total of…
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NIC backs plans by Fire Service to establish forensic laboratory
The National Insurance Commission says plans by the Ghana National Fire Service (GNFS) to establish its forensic laboratory will be a major boost for the insurance industry in the country. According to the commission, the lab will determine the cause of fires and help ascertain whether they fall under insurance policies. The forensic lab is…