Author: Michael Ogbodu
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Don’t reverse the 50% reduction in benchmark values – GUTA appeals
The Ghana Union of Traders Associations (GUTA) wants the government to abort plans to scrap the 50% reduction in benchmark values. GUTA insists that, if the reversal is carried through, it will adversely affect their businesses. There are rumours that government intends to reverse the 50% reduction in benchmark values introduced about two years ago.…
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GUTA calls for collaboration with government on 1D1F
The Ghana Union of Traders Association (GUTA) is calling on the government to align the trading community to its one district one factory initiative. GUTA argues that as traders, they can play a significant role in the success of the program, adding that they can serve in the distribution of products from the factories. President…
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Ghana-China trade hits over $4 billion in first half of 2021 – Chinese Ambassador
Despite the impact of the COVID-19 pandemic on the global economy, bilateral trade between Ghana and China continues to grow. H.E. Lu Kun, the Chinese Ambassador to Ghana, revealed that the value of trade between Ghana and China in the first half of 2021 alone was over 4 billion dollars. This according to the ambassador…
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China might be flexing its economic muscle with closure of Ningbo-Zhoushan port – Dr. Lord Mensah
Economist Dr. Lord Mensah says China’s partial closure of one of its major ports may be another attempt by the country to flaunt its economic muscle. A portion of the Ningbo-Zhoushan port was closed last week after a COVID-19 case was recorded at the facility. Some argue though that this move might be just China…
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GUTA expresses concerns over closure of China’s Ningbo-Zhoushan port
The Ghana Union of Traders Associations (GUTA) has raised concerns over the partial closure of one of China’s major ports, the Ningbo-Zhoushan Port. According to the association, this poses a major concern as China is a major source of goods imported into Ghana. President of GUTA Dr Joseph Obeng stated that “It is going to…
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Prioritize government’s ‘Year of Roads’ agenda – Construction Chamber to Road Fund Board
The Ghana Chamber of Construction Industry says it expects the newly constituted Road Fund Board to work assiduously to achieve government’s year of roads agenda. Chief Executive Officer of the Chamber, Emmanuel Cherry, stated that “…the second year of roads is a mandate that the board must quickly prioritize to make sure that they realise…
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Mend damaging cocoa slavery slur on West Africa – Honorary President of Solidaridad
A roundtable on cocoa hosted by Solidaridad West Africa has ended with a strong call on the governments of Ghana and Cote d’Ivoire to take urgent steps to mend the reputational damage that has arisen from the deliberate anti-slavery marketing approach used by chocolate manufacturers in Europe. The call was made by Nico Roozen, Honorary…
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Government to release GHS800 million for payment of contractors
The Minister for Roads and Highways, Kwesi Amoako-Atta says GHS800 million has been made available for the payment of works executed by road contractors across the country. This follows agitations by some contractors over the delayed payment for projects completed, in some cases as far back as 2016. Some had threatened legal action against the…
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Construction Chamber welcomes formation of Road Fund Board
The Ghana Chamber of Construction Industry has welcomed the announcement by the government of the constitution of the Road Fund Board. The chamber has been at the forefront of calls on the government to constitute the board so its members who are in some cases owed since 2017 can be paid for projects executed. Chief…
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Traders advocacy group lauds government for not introducing new taxes in budget review
Traders Advocacy Group Ghana has commended the government for not introducing new taxes in the 2021 mid-year budget review. The government as part of efforts towards reviving the economy amidst the Covid-19- pandemic earlier in the year introduced some new taxes, including the Energy Sector Recovery Levy. In an interview with Citi Business News, General…