Category: Invest In Ghana
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Illegal tourism facilities to be dealt with from this week – Ghana Tourism Authority
The Ghana Tourism Authority has promised to intensify its campaign against unregistered hospitality facilities across the country. According to the Deputy CEO in Charge of Operations at the Ghana Tourism Authority Ekow Samson, the goodwill that Ghana’s tourism industry is enjoying can be negatively affected if unregulated facilities are allowed to exist. Speaking to Citi Business News on the…
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Stock analyst hopeful GSE will bounce back after woeful performance
The General Manager of UMB Stockbrokers Ben Ackah says he is cautiously optimistic about the fate of the Ghana Stock Market for the rest of the year. He made his position known after the market hit its lowest level in about 2 years, mainly due to the happenings in the financial sector. The GSE Composite…
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Ban on import of vehicles over 10 years old to be implemented- Kyerematen
Trade and Industry Minister Alan Kyerematen says government is ready to implement a ban on the importation of vehicles older than 10 years among other measures as part of efforts to create a competitive automotive industry while protecting Ghanaians from the dangers of old vehicles. He made the comments at the launch of the new…
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Close to GHS100 million spent on capacity building – Business Development Minister
The Minister for Business Development, Mohammed Ibrahim Awal has revealed that his ministry has so far spent about GHC 100 Million as part of its many initiatives to build capacity of entrepreneurs across the country. The Ministry has for the past two years implemented a number of initiatives including the Presidential Business Support, Green Business…
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President Akufo-Addo assents new Companies Act
President Nana Addo Dankwa Akufo-Addo has given assent to the new Companies Act replacing the 1963 version. This was after the new Act was brought to him from Parliament on Friday, 2nd August after it was passed in May this year. President Akufo-Addo made this known on Saturday, 3rd August, 2019, when he delivered the keynote…
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Too many taxes can drive away investors – Telcos’ Chamber warns
The Ghana Chamber of Telecommunications is warning that the high level of taxation in the telecommunication sector could repel investors from bringing their funds to Ghana. Parliament recently approved an increase in the communication service tax announced by the government in the midyear budget review. During the presentation of the mid-year budget, the Finance Minister…
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Young entrepreneurs must look beyond cash to thrive — Yofi Grant
The Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC) Yofi Grant has cautioned that the growing support for young businesses and entrepreneurs across the country will not yield the expected results if the entrepreneurs themselves fail to institute key accountability measures. He made the remarks on the sidelines of the 3rd Edition…
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Telcos’ Chamber calls for more dialogue on “talk tax” before it’s increased
In an attempt to walk the fine line of meeting government’s revised total revenue and grants target of GHC 58.9 billion, while avoiding overtaxing its citizens, the Finance Minister Ken Ofori-Atta has made a number of proposals, key amongst them is the proposed increase in the Communications Service Tax (CST) from 6 to 9 percent.…
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Ghana is investment destination of choice in Africa – Dr. Bawumia
Vice President Dr. Mahamudu Bawumia has told Canadian investors that Ghana has the best investment environment in Africa for both local and foreign investors. He said Ghana did not only have stable political and security environment but has a benign legal and regulatory environment that offered the best investment climate on the African Continent.…
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Gov’t must prioritise investment in artisanal and small-scale mining – Third World Network-Africa
Mining industry stakeholders have called for improved and sustained support for artisanal and small scale mining of both salt and gold in Ghana. According to them, the downgrading of artisanal and small scale mining (which directly employs an estimated one million people and supports approximately 4.5 million more) in favor of large scale mining is…