Category: Business
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Gov’t still committed to passing condominium bill – Works and Housing Minister
The Ministry for Works and Housing says it has not relented on its efforts in getting the Condominium Bill to be passed to regulate activities in the housing sector. The Ministry began processes to pass the bill in efforts to regulate the possession of both residential and non-residential condominiums in Ghana, but five years down…
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‘We are not going to the IMF’ – Ofori-Atta insists amid push for E-levy
Finance Minister, Ken Ofori-Atta, says Ghana will not seek a bailout from the International Monetary Fund, IMF, despite the current economic challenges. Mr. Ofori-Atta says government will consider home-grown solutions to deal with the difficulties because the country has what it takes to turn its ailing economy around. Speaking at the third in a series of town…
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Don’t delay in announcing new MD for GACL – Workers urge gov’t
Workers at the Ghana Airport Company Limited (GACL) have called on the government not to delay in announcing a substantive head for the institution. The call follows the dismissal of the Managing Director of the Ghana Airports Company Limited, Mr. Yaw Kwakwa. The termination of the appointment of Mr. Kwakwa is captured in a letter…
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Airport workers conflicted over removal of GACL MD Yaw Kwakwa
Workers at the Ghana Airport Company Limited (GACL) are conflicted over the dismissal of the Managing Director of the Ghana Airports Company Limited, Mr. Yaw Kwakwa. The termination of the appointment of Mr. Kwakwa was captured in a letter from the Transport Ministry directing the Board Chairman of the Ghana Airport Company Limited to honour…
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Fuel price hikes: Ride-hailing drivers call for adjustment in transport fares
The National Alliance of Digital Drivers is calling on their employers to adjust their fares upwards to make up for the increase in fuel prices. According to the Association, the continuous hike in fuel prices is taking a toll on their finances. A litre of fuel at the pumps crossed ed the GH¢7 mark in…
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Attorney General’s Department to prosecute non-compliant data controllers
The Data Protection Commission of Ghana has compiled a list of non-compliant data controllers to be forwarded to the Attorney General’s department for prosecution. This follows refusal by some Data Controllers to register with the Data Protection Commission as mandated by law under Section 46(3) of the Data Protection Act 2021 (Act 843). Ghana joined…
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Gov’t slaps Maxam company with $6 million fine over Appiate explosion
The government has imposed a fine of $6 million on Maxam Ghana Limited, the company at the centre of the explosion that occurred at Appiate in the Prestea Huni-Valley Municipality of the Western Region, which killed some 13 people and destroyed the entire community. This was disclosed by the Minister for Lands and Natural Resources,…
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Government rejects Moody’s downgrade of Ghana’s credit rating
The government is unhappy with credit rating agency, Moody’s, for downgrading Ghana’s Long-Term Issuer and Senior unsecured bond ratings to Caa1 from B3. According to government, it believes that the recent fiscal consolidation measures announced by the Finance Minister and the 2022 budget, which are anchored on debt sustainability and a positive primary balance, largely…
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Gov’t urged to ensure stable fiscal regime to attract more investments
Executives of leading mining company, Gold Fields, say businesses and investors will appreciate stability in the country’s fiscal regime. According to them, a stable fiscal regime helps with the effective running of businesses. Different stakeholders have for some time now been raising issues with the trend of policy inconsistencies from the government especially when it…
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Prices of goods to go up by 12% over implementation of amended VAT
Consumers may have to pay an increase of about eight to twelve percent from February for some commodities should the Ghana Revenue Authority (GRA) implement the amended Value Added Tax (VAT) rate. This is according to the Importers and Exporters Association of Ghana (IEAG). The association says, the amendment, which was gazetted on December 31,…