Category: Business
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Ghana is far from debt distress level – Ken Ofori Atta
The Finance Minister Ken Ofori Atta has refuted claims that Ghana stands a high risk of debt distress. The Economic Commission for Africa has listed Ghana as part of countries whose debt levels raise concern about ability to withstand the impact of the move on their economies. Ghana’s debt is stood at 173.2 billion cedis as…
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GRA starts implementation of 50% slash on import values
The Ghana Revenue Authority (GRA) has directed valuating agencies at the ports to effect changes in their valuation for imports effective Thursday [April 4, 2019]. A memo signed by Commissioner General of Customs, Isaac Crentsil to the agencies asked them to adjust the mechanism in accordance with the new directives from the government. Portions of…
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GRA welcomes reduction in import values
The Ghana Revenue Authority (GRA) says it is hopeful that the announcement of the reduction of the benchmark values on some goods at the port will help the authority meet its financial target for the year. Last year, the GRA was not able to meet its revenue forecast. The Vice President, Mahamudu Bawumia at a…
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Total Petroleum Ghana commits to better energy with 4th solar-powered station
Total Petroleum Ghana Limited has converted its service station at Korle Bu into a solar-powered one. The Total Group is committed to a global solar program and is aiming to equip 5,000 service stations with photovoltaic solar panels around the world. The project is fully aligned with Total’s ambition to become the responsible energy major…
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Gov’t to set up c’ttee to investigate foreign exchange regime – Ofori Atta
The Finance Minister, Ken Ofori-Atta has said that a committee will be set up to assess the foreign exchange regime of the New Patriotic Party (NPP). The Vice President, Dr. Mahamadu Bawumia on Wednesday reiterated that the NPP government has stabilised the economy and has put measures in place to maintain it. Speaking to Bernard Avle…
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Dumsor: Bawumia laments GRIDCo’s power transmission deficiencies
The Vice President, Dr. Mahamudu Bawumia has lamented the inability of the Ghana Grid Company Limited (GRIDCo) to operate at optimum level in the country. It says the company is struggling with transmission challenges as a result of obsolete distribution equipment. [contextly_sidebar id=”jc5XqNtbzp2yG9Twf5eczQbEeo11blE6″]Explaining the recent power cuts at a town hall meeting on Wednesday, Dr. Bawumia…