Author: Michael Ogbodu
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85% of susu collectors now use technology – Association
The Ghana Cooperative Susu Collectors Association says about 85% of its members now use some form of technology in their operations. According to the association, this forms part of their digitization agenda. Susu is an age-old saving system where a person called a susu collector visits individuals to collect cash deposits daily for a month.…
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$170 million GPGC judgement debt against government due to negligence – ASEPA
The Alliance for Social Equity and Public Accountability (ASEPA) has described the $170 million judgement debt the government has been slapped with as unfortunate and a clear sign of negligence and lack of respect for contractual agreements. Executive Director of ASEPA, Mensah Thompson, said that “it is very unfortunate, and we believe it shouldn’t have…
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Halt implementation of Insurance Act 2021 – GUTA to Government
The Ghana Union of Traders Association (GUTA), is calling for the suspension of the implementation of the Insurance Act 2021 due to some clauses the association finds problematic. Per the law, importers are to insure their goods only with local insurance companies. The law also prescribes a jail sentence for importers who do not comply…
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Importers unhappy with custodial sentencing clause in Insurance Act 2021
The Importers and Exporters Association of Ghana has raised concerns over a custodial sentencing clause in the Ghana Insurance Act 2021. The law prescribes a jail sentence for importers who do not comply with the mandatory Marine Insurance Policy. The association believes the law is not business-friendly and counterproductive hence must be removed from the…
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Construction Chamber calls on government to constitute Road Fund Board
The Ghana Chamber of Construction Industry has called on the government to immediately constitute the Road Fund Board. The Chamber said the constitution of the board would ensure its members who are owed monies as far back as 2017 are paid. Chief Executive Officer of the Ghana Chamber of Construction Industry, Emmanuel Cherry, stated that…
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Fix TOR and BOST to cushion consumers from fuel price hikes – COPEC
As fuel prices continue to rise at the pumps, the Chamber of Petroleum Consumers (COPEC) says the situation will not change until institutions like the Tema Oil Refinery (TOR) and the Bulk Oil Storage and Transportation Company Limited run at full capacity. According to COPEC, once the entities commence operations, they should be able to…
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AOMC blames recent fuel price increase on hikes on global oil market
The Association of Oil Marketing Companies says the recent increase in fuel prices is due to a hike in the global oil market. Fuel prices at the pumps shot up from GHS6.05 to GHS6.23 over the weekend, an increase that many consumers have expressed concerns over. On the other hand, oil prices on the world…
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Stakeholders call for review of free zones policy to protect Ghana’s interest
Public Service International, a labour group, says amidst efforts to revive the economy due to the impact of the COVID-19 pandemic, the government must review the country’s Free Zones policy. According to the group, the policy in its current state has failed over the years to achieve its main objectives. Daniel Oberko, Tax and Trade…
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Don’t under-declare goods at ports, ICUMS will flag you – Importers warned
The Importers and Exporters Association of Ghana is urging its members to avoid under-declaring their goods in order not to fall foul of the law. According to the association, under the Integrated Customs Management System (ICUMS) persons who engage in such activities will be exposed. Samson Asaki Awingobit, the Executive Secretary of the Importers and…
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Stakeholders kick against calls by BOST for introduction of fuel reserve levy
Some stakeholders have reacted to recent calls by the Bulk Oil Distribution company for a new levy to be introduced to help it improve upon the country’s current oil reserves. According to BOST, the country has just about two weeks of reserves to serve the country hence its call. The Bulk Oil Storage and Transportation…