Author: Michael Ogbodu
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BoG must give special forex concessions to fuel importers to mitigate price hikes – COPEC
The Chamber of Petroleum Consumers (COPEC) is proposing that the Bank of Ghana (BoG) should give concessionary dollar rates to fuel importers in Ghana. COPEC believes this will go a long way to mitigate the constant hike in the price of fuel in the country. Executive Secretary of COPEC, Duncan Amoah stated that “we have…
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Government must address infrastructural concerns to boost domestic tourism – Hotels association
The Ghana Hotels Association says efforts must be made to address the infrastructure deficits across the country to chalk major successes with the government’s domestic tourism drive. According to the Association, poor road networks, and unstable phone connectivity among others in parts of the country discourage people from patronizing tourist attractions in such areas. President…
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2022 budget: high lending rates in the country must be addressed- TAGG
Ahead of the 2022 budget presentation later this month, the Traders Advocacy Group Ghana (TAGG) is calling on the government to address the issue of the high cost of lending in the country. President of the Traders Advocacy Group Ghana (TAGG) David Amoateng indicated that addressing this concern is imperative as businesses continue to deal…
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Players must ensure quality is not compromised in local seed production – Mrs Clottey
The Chief Executive Officer of the National Seed Trade Association, Augusta Nyamadi Clottey is calling on the government to provide additional funding for the various research institutions in the country to help in improving the quality of seeds produced in the country. There have been concerns by some players in the agric space about the…
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PRMA must be reviewed to restrict government’s use of oil money – Dr. Antwi
The Vice Dean of the School of Graduate Studies at the University of Professional Studies, Accra, Dr Samuel Antwi is calling for a review of the Petroleum Revenue Management Act (PRMA) to further regulate the government’s expenditure of funds generated from the sale of the country’s oil. He argued that the government under the current…
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2022 budget must make provision for payment of debts owed contractors – Construction Chamber
Barely a day to the presentation of the 2022 Budget Statement and Economic Policy, the Ghana Chamber of Construction Industry, is urging the government to ensure that plans for the settlement of debts owed its members as far back as 2016 are captured in the policy document. The chamber argues that the delayed payments adversely…
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GUTA calls on members to reject plans to reverse 50% benchmark value reduction policy
The leadership of the Ghana Union of Traders Associations (GUTA) has asked its members to reject plans to reverse the benchmark value reduction policy. This follows a communique sighted from the Ghana Revenue Authority which indicated the intended cancellation of the discounts on Benchmark Values for vehicles and general goods from the 15th of November…
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Gov’t must use revenue raised from Price Stabilisation and Recovery Levy to mitigate hike in fuel prices – Akwaboah
As the price of fuel at the pump continues to rise, a former board chairman of the Association of Oil Marketing Companies, Henry Akwaboah, says the government must begin drawing from the Price Stabilisation and Recovery Levy account to help reduce the impact of the rampant increase on consumers. He said he “thinks that all…
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We won’t accept contributions from persons without Ghana cards from January 2022 – SSNIT
The Social Security and National Insurance Trust (SSNIT) says employers who submit contributions reports for employees without Ghana card numbers from next year risk attracting sanctions. According to SSNIT such reports submitted at its offices from the 2nd of January 2022 will be rejected and employers could suffer penalties on such contributions if they are…
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2022 budget: Replace ‘nuisance’ taxes with productive levies – Prof. Quartey
Ahead of the presentation of the 2022 budget, the Director of the Institute of Statistical Social and Economic Research (ISSER), Professor Peter Quartey, is calling for the scrapping of some nuisance taxes introduced in the previous budget. Professor Peter Quartey believes some of the taxes introduced did not live up to expectations with respect to…