Category: Business
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Twenty out of 24 banks in Ghana paid GRA GHS1.6 billion as corporate tax in 2019
Twenty (20) out of the twenty (24) banks licensed in Ghana by Bank of Ghana in 2019, paid a total direct tax of GHS1.6 billion, which also include the five per cent national fiscal stabilization levy to Ghana Revenue Authority (GRA), the agency mandated by law to assess collect and account for tax revenue on…
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Ghana faces huge housing deficit; invest in the sector – Lecturer urges investors
Dr. Frank Gyamfi-Yeboah, a Senior Lecturer at the Department of Land Economy at the Kwame Nkrumah University of Science and Technology (KNUST), has told Ghanaian investors in the diaspora that Ghana is currently facing extreme housing deficit, hence the need for them to invest in the sector and make gains. He explained that this is…
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Guiness Ghana launches 60th anniversary with a pledge to build lasting legacy
Ghana’s leading total beverage company, Guinness Ghana, has launched its diamond jubilee anniversary celebration. At a virtual event, management of the company reiterated the firm’s contribution to Ghana’s economic development for the past 60 years as well as its plans for the years ahead. Managing Director of the company, Gavin Pike, said, “It has been…
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Ignore ‘mischievous and malicious’ fuel smuggling allegations – GRA
The Ghana Revenue Authority (GRA), has described as false, accusations of fuel smuggling by its Customs Division. In a statement, the Authority asked the general public to disregard these “negative assertions” circulating on social media purported to be from a private radio station. “The Authority views these allegations as mischievous and malicious since they have…
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Registrar-General to meet creditors of defunct fund managers via virtual meeting
The Registrar-General and official Liquidator for the collapsed Fund Management Companies (FMCs) is set to hold virtual meetings with creditors of the collapsed institutions. The meetings will be held from Monday, September 7 to Friday, September 11, 2020. It will include customers of 20 out of 53 defunct fund management companies whose licenses were revoked…
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Registrar-General begins official liquidation of 20 defunct fund management firms
The Registrar-General and Liquidator for the collapsed Fund Management Companies has begun official processes to liquidate 20 out of 53 firms whose licenses were revoked by the Securities and Exchange Commission (SEC) in November 2019. It follows a High Court order for the formal winding up of the companies. To this end, creditors of 20…
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26-yr old Ghanaian becomes 1st woman to win the Africa Prize for Engineering Innovation
A Ghanaian technology entrepreneur has won the Royal Academy of Engineering’s prestigious 2020 Africa Prize for Engineering Innovation. Charlette N’Guessan is the first ever woman to win the Africa Prize, and the first winner from Ghana. The 26-year-old N’Guessan and her team developed BACE API, a software that uses facial recognition and artificial intelligence to…
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Ghana and Nigeria begin high level talks to settle trade dispute
A Nigerian delegation led by the Speaker of the Nigerian House of Representatives, Olufemi Gbajabiamila, and a Ghanaian delegation led by Ghana’s Speaker of Parliament, Prof. Aaron Michael Oquaye, are in talks to find ways to improve trade relations between the two countries. This follows recurring tensions between Ghanaian and Nigerian retailers in parts of…
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ESOKO Ghana predicts drop in food prices as harvesting begins
Commodity Analyst, Esoko Ghana, has said the prices of some foodstuffs are likely to see a further reduction in the month of September. It attributes this to the current harvest season for majority of commodities which are grown down south of the country. It says these foodstuffs will increase the volumes supplied to the market…
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1st Virtual Africa Automotive Forum opens with insights on Africa’s potential in auto industry
Ghana’s Trade and Industry Minister, Alan Kyerematen, has asked African countries to work at creating the right business environment and legislation to lay the platform for the continent in its quest to become a relevant player in the global automotive industry. Ghana, through its Automotive Development Policy, has already amended portions of her law to…