Category: Business
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Transparency with public on economic situation is key – World Bank Country Director
The World Bank Country Director for Ghana, Liberia, and Sierra Leone, Mr. Pierre Laporte says it is key that government is transparent with the general public on the current economic situation the country finds itself in. Government recently expressed its unhappiness with credit rating agencies, especially after Moody’s downgraded Ghana’s long-term foreign currency sovereign rating…
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Custom House agents laud use of ICUMS at the ports
Freight forwarders at the Tema ports have lauded the Integrated Customs Management System (ICUMS) currently being used to facilitate trade activities. According to them, the system, which was deployed in 2020, has yielded positive results and has helped put them in check. The Acting President of the Association of Customs House Agents Ghana, Yaw Kyei,…
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Rising fuel prices affecting sale of high engine capacity cars – Automobile Dealers
The rising cost of fuel at the pumps is negatively affecting the sale of high engine capacity cars. This is according to the Automobile Dealers Union Ghana. After starting the year at around GH¢6.65 petrol and diesel per litre are now selling for GH¢8.29 at some of the major oil marketing companies. This represents an…
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German Cooperation holds training Workshop for 20 fashion SMEs
With support from German Cooperation, 20 small and medium-sized enterprises (SMEs) from the Ghanaian textile and fashion sector participated in a 2-week workshop from 21 February to 4 March. This workshop marked the end of the first phase of a larger programme, called “Ghana-German SME Exchange and Training Programme”, implemented and managed by COGNOS International.…
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Diasporans urged to take advantage of AfCFTA to bring investments to Ghana
The Second Lady, Samira Bawumia, has implored Ghanaians in the diaspora to take advantage of the opportunities of the African Continental Free Trade Area (AfCFTA) and bring investments to Ghana. According to her, there is the enabling environment for businesses to thrive, hence the call for Ghanaians living in the diaspora to return home to…
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Ghana to engage global investors at Dubai Expo
Ghana is poised to showcase its immense investment opportunities to the international business community, on its National Day, slated for March 8, 2022, at the ongoing Dubai Expo. The country’s contingent will on the day, highlight government’s commitment to promote creativity, and display the huge prospects in critical sectors such as manufacturing, health, tourism, agriculture…
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LPG prices increase by 6%, LPG Marketers want taxes on product scrapped
The LPG Marketers Association of Ghana is calling on the government to scrap taxes imposed on the product in order to ease the pressure on consumers. According to the Vice-Chairman of the association, Gabriel Kumi, they will have no option but to pass on the extra cost to consumers anytime there is an increase. Prices…
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Gov’t must adopt measures to properly analyze cost of petroleum contracts to avoid losses – PIAC
The Public Interest and Accountability Committee (PIAC) is asking the government to adopt measures to thoroughly vet costs provided by international companies before petroleum contracts are signed. In a 10-year assessment report on the petroleum sector, the Committee says this needs to be tackled with all seriousness to prevent wastage of money in the sector.…
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Gov’t could struggle if revenue measures aren’t supported – John Kumah
A Deputy Finance Minister, John Kumah says it may get to a time that government may not be able to fulfill some critical payment obligations if its revenue mobilization measures including the Electronic Transfer levy, also known as the E-levy are not supported. The Electronic Transfer Levy is one major component within the 2022 budget…
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Increase investment in rice production to make local produce competitive – Peasant Farmers
Head of Programmes and Advocacy at the Peasant Farmers Association of Ghana, Charles Nyaaba has reiterated calls for government to adequately support and invest in rice production in the country. According to him, leaving players in the rice value chain to compete with produce from areas with well-subsidized rice programs, only leads to Ghana’s rice…