Category: Economy
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Cut down livestock importation and support local farmers – Animal Scientist urges Gov’t
An Animal Scientist, Doris Yaa Osei, says Ghana cannot continue to import livestock worth millions of cedis annually, when local farmers have the ability to produce for local consumption. According to her, the importation of pork, poultry and cattle, has seen tremendous increase over the years, with some 740 million cedis spent on livestock importation…
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We’ll leverage on technology to boost efficiency with new Tax Audit unit – GRA
The Ghana Revenue Authority, GRA, has said it will leverage on technology to boost efficiency at its new Tax Audit and Quality Assurance Unit. The GRA in collaboration with the Ministry of Finance have jointly inaugurated a new Tax Audit and Quality Assurance Unit to ensure a centralized audit planning process and guarantee quality auditing.…
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GRA, Finance Mins. inaugurate Tax Audit & Quality Assurance Unit to check corruption
The Ministry of Finance and the Ghana Revenue Authority, GRA, have jointly inaugurated a new Tax Audit and Quality Assurance Unit to ensure a centralized audit planning process and guarantee quality auditing. The unit will among other things enhance transparency in the tax space, while working to eliminate corrupt acts in revenue mobilization in the…
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BoG declares no dividend for 2019 despite GH¢1.8bn profit
The Bank of Ghana posted a profit of 1.8 billion cedis for 2019. This is about twice the operating loss of 793 million cedis it recorded in 2018. This has largely been attributed to the strong performance the central bank posted for the year under review. For 2019, the Bank of Ghana’s income from fees,…
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Tomato records highest increase in price for May – Esoko
A survey of market prices of some selected commodities has shown that the price of cooking tomatoes recorded the highest increase in May 2020. The average price of a 72 kilogram crate of the commodity went up by almost 13% to record 933 cedis; from the 826 cedis it recorded the month before. According to…
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Put measures in place to tax digital economy – Tax Analyst urges GRA
Tax Analyst, Dr. Abdallah Ali Nakyea, has suggested to the Ghana Revenue Authority (GRA), to put in place the necessary measures to tax digital business transactions going forward. He says this should enable the Authority to increase its revenue sources in order to meet or exceed revenue targets. The outbreak of the coronavirus pandemic has…
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UNIPASS takes off fully today after challenging pilot
Effective Monday, June 1, 2020, all new transactions in respect of import and export are expected to be processed only through the Ghana Revenue Authority’s new Integrated Customs Management Systems, also known as UNIPASS. UNIPASS, which will replace the systems operated by West Blue Consulting and the Ghana Community Service Network Limited (GCNet), is an…
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Africa must use COVID-19 to accelerate development through AfCFTA – GIPC CEO
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC) Yofi Grant, is urging member countries of the African Continental Free Trade Area (AfCFTA ) to leverage on lessons from covid-19 to accelerate development though trade. Mr. Grant says Africa has the potential to become self-reliant and should be ready to embrace this misfortune…
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GEPA to increase coconut export to boost earnings and create jobs
The Ghana Export Promotion Authority (GEPA), says it will increase export of coconut to improve revenue for non- traditional export. Already, GEPA has supplied 160,000 coconut seedlings to Coconut Farmers in the country to increase coconut production within the next five years. Chief Executive Officer of the Ghana Export Promotion Authority, Afua Asabea Asare, in…
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Power disruptions caused by Pokuase BSP project to end by Monday – MiDA
The Millennium Development Authority, MiDA, has assured electricity consumers within parts of Accra West and East regions of the Electricity Company of Ghana, that recent disruption to power supply should be over by next week Monday, May 18, 2020. It will follow the completion of the relocation of all four of GRIDCo’s transformers to the…