Category: Business
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‘Talk tax’ likely to be increased in 2021 budget – Tax analyst
Ahead of the 2021 budget presentation, Ghanaians should be open to the possibility of the introduction of new taxes or an increase in some existing taxes. That’s according to a tax analyst, Timore Francis Boi. Steps taken by government to deal with the impact of COVID-19 on businesses and individuals have seen government’s expenditure ballooning, pushing…
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#GhBudget: Business owners share their expectations
As the country prepares to listen to the first budget presentation of President Akufo-Addo’s second term in office, various players in the Service, Industry and Agriculture sectors, are looking forward to interventions and policies that will protect their interests. Eyetcha Ocloo is the founder of The Shop Accra, a company that grants over 300 local…
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Stakeholders at ports call for punitive regulatory regime to check unregulated charges
Stakeholders at the countries ports including importers and exporters along with freight forwarders, say the need for a clear regulation of activities at the ports, is an issue that needs to be addressed or touched on in the upcoming budget reading on Friday. For months now, these stakeholders have been agitating and using all channels…
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BoG threatens 3-year ban for persons consistently issuing dud cheques
The Bank of Ghana says it will ban customers caught issuing dud cheques for three consecutive times, from accessing new credit facilities from the banking system for a period of up to three (3) years. This was contained in a notice from the Central Bank to Banks, Specialised Deposit-Taking Institutions (SDIs) and the Public, communicating…
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Fruit Exporters threaten to use Lome ports if licenses are not renewed
Members of the Sea-Freight Pineapple Exporters of Ghana (SPEG) are angry over what they call “unnecessary interferences” in their business by the Ghana Ports and Harbours Authority (GPHA). According to the Association, these interferences have led to an exorbitant increase in cost of operations to the tune of $245, 796 and 283,809 in 2019 and…
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Registrar General to meet clients of six defunct FMCs virtually on Thursday
The Registrar General, Jemima Oware, is set to have a meeting with customers of some six defunct fund management companies on Thursday, March 11, 2021. The meeting which is the first for this year will be held virtually. Dubbed Virtual First Creditors meeting, the session will be from 9:00 am to 3:30 pm on the…
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COPEC to launch scheme to insure fuel customers
The Chamber of Petroleum Consumers (COPEC) is set to launch a policy that will protect the interest of fuel consumers who have to deal with the consequences of the negligence of fuel station attendants and the sale of adulterated fuel products by some Oil marketing companies. The scheme in partnership with the Ghana Standards Authority…
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President’s 5% GDP growth rate projection realistic – Economist
Economist with DataBank, Courage Martey says the President’s announcement of GDP growth rebounding to nearly 5 percent in 2021 is not far-fetched. President Nana Akufo – Addo in his first State of the Nations Address for his second term in office, expressed confidence in the ability of government’s One Hundred Billion Cedi Ghana CARES Obantampa…
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UBA poised to change the face of E-Banking with new mobile app
Pan African financial institution, United Bank for Africa (UBA), Plc is set to change the face of digital banking services with its new mobile banking app aimed at delivering first-rate services to customers. The new UBA mobile banking app, has been armed with benefits and features designed to give its customers increased control and accessibility…
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Absa Deputy CEO, Peter Matlare dies after battling COVID-19
Deputy Chief Executive Officer of Absa Group Limited and Chief Executive responsible for Absa Regional Operations, Peter Matlare has passed on after succumbing to COVID-19 related complications. A statement issued by the Group stated that, the Deputy Group Chief Executive who had been with the bank since 2016, died on 7th March 2021. It also…