Category: Banking And Finance
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Simplify tax issues to boost public compliance – Oxfam charges Gov’t
Some tax analysts have charged the government to boldly implement the needed measures to strengthen the country’s tax regime into a highly progressive one where those earning more continue to pay more. The sentiments were shared at the 2nd Ghana Tax Dialogue Forum organized by Oxfam Ghana on the theme “How should a fair tax…
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Consider re-calibrating luxury vehicle tax policy — tax specialist
Ahead of his presentation of the 2019 mid-year budget review to parliament next week, the Finance Minister Ken Ofori-Atta, has been urged to consider bringing an end to the implementation of the luxury vehicle tax policy. The luxury vehicle tax which was introduced during the 2018 midyear budget review by the Finance Minister to help…
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Ecobank, others provide financial support to 16 medical students
Ecobank together with its partners Woodin, Old Mutual and Emirates are supporting 16 medical students under the Ecobank Medical School Exchange program. Ecobank provided cash of US$1,000 to each of the 16 students whilst the partners – Emirates gave special discounts on air tickets (of up to 30%), Old Mutual provided insurance packages and Woodin…
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World Bank commits US$3.1m for digital entrepreneurship and skills agenda
The World Bank has supported Ghana government with US$3.1 million towards its digital entrepreneurship and skills agenda. The support, which was provided through the Transformation Project, is to ensure that the youth become Information Communication Technology (ICT) literate. Speaking at the programme, monitoring and evaluation co-ordinator for the Transformation Project, Victor Adadjie indicated that the…
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Savings and Loans companies told to stop investing depositors’ funds in real estate
The Executive Secretary of the Ghana Association of Savings and Loans Companies, Tweneboah Kodua Boakye, has cautioned its members to stop investing short-term depositors’ funds into long-term portfolio such as real estate. Commenting on the challenges facing the savings and loans sector, Mr. Boakye explained that the association’s members would have to support each other…
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InvestCorp posts impressive results
InvestCorp Asset Management Limited, the fund manager of InvestCorp Mid-Tier Financial Services Investment Fund Plc. (InvestCorp Mid-Tier Fund), has stated that despite the recent challenges in the Ghanaian financial sector, the Fund realised an impressive annual increase of 74% in its shareholder base at the end of 2018. The company in its 2018 Annual Report,…
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Ghana Integrity Initiative wants Akufo-Addo to remove new GRA Boardchair
The Ghana Integrity Initiative, an anti-graft institution, has called on the President to revoke the appointment of Kwame Owusu as the Board Chair of the Ghana Revenue Authority (GRA) until he is cleared of previous corruption allegations. In a press statement issued Monday, the anti-corruption watchdog stated that the appointment of the former Managing Director…
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Ensure 3-yrs economic stability before adopting Eco — Prof. Quartey
Ghana and other West African countries taking steps to adopt the bloc’s single currency must ensure that they have, at least, met three of the primary convergence criteria successively for three years before making that decision or else it will be disastrous, professor of economics at the University of Ghana, Prof. Peter Quartey has said.…
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Most rural banks are well capitalized—ARB Apex Bank MD
The Managing Director of the ARB Apex Bank, Kojo Mattah has maintained that most of the rural and community banks operating in the country are well capitalized and serving their clients, contrary to reports that majority of them are struggling. He stated that the services rendered by rural banks are critical to the economic stability…
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Fire Service advocates balconies in high rise buildings
The Ghana National Fire Service (GNFS) has impressed upon corporate institutions seeking to build high rise structures to incorporate balconies to aid in evacuation exercises in cases of fire incidents. The Service believes the move will reduce fatalities at such facilities when fires occur. Divisional Officer Grade III at the Greater Accra Fire Service, Eric…