Category: Business
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E-levy will negatively impact fintech companies – ASEPA
The Alliance for Social Equity and Public Accountability (ASEPA) says the Electronic Transaction Levy introduced by the government in the 2022 budget risks distracting fintech businesses The levy is a 1.75 per cent rate applicable on all electronic transactions apart from those that add up to GH¢100 or less per day or a total of…
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Achieving renewable energy goals should not be rushed – UENR Vice Chancellor
Even though there have been a lot of calls for Ghana to switch to renewable energy as soon as possible, not everybody thinks it is going to be achieved in the short to medium term. The Vice-Chancellor of the University of Energy and Natural Resources, Prof Elvis Asare-Bediako is one of such people. He believes…
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Local industries will die if not protected from inferior imports – Prof. Dodoo
As the debate on the benchmark value reduction policy continues, the Ghana Standards Authority has added its voice to calls for the protection of local industries. According to the Director-General of the Authority Prof Alex Dodoo, local industries will die if they are left to compete unfairly with cheaper sub-standard imports. He made the remarks…
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Companies urged to adopt talent-management strategy to enhance employee performance
The Institute of Directors, Ghana is advocating the need for companies to adopt a talent management strategy to identify and develop the skills and proficiencies of their employees. According to the Institute, this was critical to achieving organisational success and enhance the performance of their employees. Addressing graduands at the 20th Graduation and Induction ceremony…
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AfCFTA member states urged to develop right policy frameworks to promote SEZ development
The Ministry of Trade and Industry is urging member states of the African Continental Free Trade Area Agreement (AfCFTA) to develop the right policy frameworks to promote the development of both Special Economic Zones and the operationalization of AfCFTA. According to the Ministry of Trade, this will also enable private sector operators to harness the…
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GUTA cautions of ‘intense protests’ if benchmark value policy is reversed
The Ghana Union of Traders Associations (GUTA) is warning of intense protests if the government goes ahead with plans to reverse the benchmark value reduction policy. Over a week after the Finance Minister proposed the reversal of the benchmark reduction policy in the 2022 budget, different stakeholders have defended or spoken against the move. In…
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BOST takes delivery of 5,400 pipes for expansion
The Bulk Oil Storage and Transportation Company Limited, BOST, has finally taken delivery of 5,400 pieces of 12- inch pipe among other equipment to support the rehabilitation and expansion works on its petroleum transmission lines from Tema to Akosombo. The pipes, which include valves, flow meters, pumps and generators were procured in 2009 for $63.2 million…
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OMCs sacrificing a lot to keep fuel price below GH¢7 – Oil Marketing Assoc.
Kwaku Agyemang-Duah, CEO of the Association of Oil Marketing Companies, says oil marketing companies are making a lot of sacrifices to keep the price of fuel in Ghana below GH¢7 per litre. According to him, with dealers barely compromising on their margins and the government maintaining all its taxes on petroleum products, the marketers are…
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Fuel shouldn’t cost more than GH¢6 per litre in Ghana – IES
The Institute for Energy Security (IES) believes fuel in Ghana should not sell for more than GH¢6 per litre if the government effectively manages the sector. According to its Executive Director, Nana Amoasi VII, many of the variables that influence the price of fuel in Ghana are within the control of the government either directly…
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Invest for Jobs partners Touton to create 1,600 green jobs in cocoa sector
Invest for Jobs, an initiative of the German Federal Ministry for Economic Cooperation and Development, has launched a project with Touton to ensure the survival of the cocoa industry. The project – ‘Cocoa Jobs for Organic Integrated and Improved Rural Economy’ will promote the organic and climate-smart cocoa production value chain in Ghana. This is…