Category: Business
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GRA sensitizes stakeholders on simplified tax laws
The Ghana Revenue Authority (GRA) has begun a nationwide sensitization of stakeholders on its simplified tax laws aimed at boosting compliance. The Authority abridged the tax laws with the support of the German Development Agency (GIZ) to make them user-friendly and easily accessible to taxpayers and to increase taxpayer understanding of the legal framework for…
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Ghanaian cashew farmers leverage technology to attract better prices
An increasing number of Ghanaian smallholder cashew farmers are getting better prices on their harvests, and reducing their operations expenses, thanks to the continued rollout of a smartphone app that gives them direct access to Olam Food Ingredients in Ghana. The app empowers farmers to get prices directly from the company rather than from traditional…
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Customers of Blackshield Fund Management Company receive bailout text messages
Some customers of Blackshield Fund Management Company have started receiving text messages from the Securities and Exchange Commission (SEC) for them to get part of their locked up monies paid. SEC explained that the Commission started transmitting the text messages to the customers from Friday, November 20, 2020. The Commission said there were six steps…
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AfCFTA Secretariat rolls out ‘Vision’ initiative backed by Super-App
The Africa Continental Free Trade Area (AfCFTA) Secretariat has launched a new initiative known as the AfCFTA Vision which is purposed to bring together financial institutions to share knowledge on how to implement the trade agreement in 2021. The initiative, which is in partnership with the Sankoree Institute, an affiliate of AfroChampions, comes barely two…
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Registrar-General to meet customers of eight collapsed fund management firms
The Registrar-General will today, Wednesday, November 25, 2020, meet with customers of eight defunct Fund Management Companies. A statement from the Registrar-Generals said the meeting will be held virtually and customers can join via specially designated time slots and specially created ID’s. The firms include Unisecurities Ghana Limited, EM Capital Partners, Heritage Securities Limited,…
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Telecoms sector paid over GH¢3.2 billion in taxes in 2019 – Report
Findings from a Total Tax Contribution (TTC) survey by the Ghana Chamber of Telecommunications has brought to light the significant contribution of the telecommunication sector towards Ghana’s socioeconomic development. According to the data, the sector’s total taxes and payments to government amounted to over GH¢3.2 billion in 2019. This figure represents approximately 9.5 percent of…
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Stakeholders question impact of high interest rates on local businesses
Industry stakeholders have questioned the ability of Ghanaian businesses to remain competitive in the era of the African Continental Free Trade Area, following the maintenance of the Monetary Policy Rate by the Bank of Ghana for the 4th consecutive time at 14.5 percent. The reduction in the rate, which determines the percentage at which the…
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Engineers & Planners expresses interest to acquire shares in Cardinal Resources Limited
Ghanaian owned business, Engineers & Planners has expressed interest to acquire shares in Cardinal Resources Limited. Cardinal Resources Limited (ASX/TSX: CDV) is a West African gold‐focused exploration and development Company that holds interests in tenements within Ghana, West Africa. In a press release on November 24, 2020, Engineers & Planners said it intends to takeover…
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Artisans at Arts Centre want $150 COVID-19 test reduced ahead of yuletide
Artisans at the Arts Centre in Accra, one of Ghana’s top shopping hubs for tourists, are worried that they may record low sales this festive season due to the coronavirus pandemic. According to them, the $150 charged travellers for COVID-19 testing at the airport has deterred potential travellers from coming into the country, depriving them…
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Environmental sustainability key in NEDS implementation – GEPA
Ghana’s plans to harness its non-traditional export (NTE) sector to reap in a projected revenue target of 25 billion USD in the next 10 years through the National Export Development Strategy, (NEDS), will be implemented in strict compliance with international regulations and standards on environmental sustainability, a statement from the Trade Ministry has said. The…