Category: Government
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How can Ghana Develop; an examination of some key factors: skills, infrastructure, eCommerce, finance and leadership development
The question of development has engaged many scholars over the years. As an ardent observer and involved in the analysis of policies pertaining to Development Economics and followed the field over the years with great interest and enthusiasm, I am always intrigued by the question “development”, that is, why are some countries developed, whiles others…
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Austin Gamey’s claims on ‘Accumulated Leave’ flawed – Labour Law Practitioner
A former head of Legal and Administration at the Trade Union Congress (TUC), Paapa Kwasi Danquah, says the claim by Labour Consultant Austin Gamey, to the effect that one automatically forfeits their leave when they do not utilize it under a given year is flawed per the labour laws. According to Mr. Gamey, per Section…
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#CitiBusinessFestival: Be committed to partnerships to attract more FDIs – Yofi Grant to businesses
The Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Yofi Grant, says Ghanaian businesses that seek to enter into joint ventures with foreign companies must understand the terms of such engagements, and give off their best to attract more Foreign Direct Investments. “In mining, a lot of development is from the foreign direct…
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UNIPASS rakes in GHS490m in 17 days – GRA
The Ghana Revenue Authority, GRA, has reassured freight forwarders that technical challenges that have disrupted the Integrated Customs Management, ICUMS, will be addressed by the end of June. The ICUMS, also known as UNIPASS, was rolled out on June 1, to take over the single window platform from GCNet and West Blue Consult at the…
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Provisional GDP for 2020 1st quarter increases to 92.5 billion cedis
Provisional figures released by the Ghana Statistical Service shows that the country’s first quarter Gross Domestic Product (GDP), that is from January to March at current prices, increased to 92.5 billion cedis. Compared to the same period in 2019, the figure was at 84.8 billion cedis. On sector basis, Services recorded the highest growth rate…
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We have GH¢1.35bn locked up in collapsed Microfinance, S&Ls – Fund Managers lament
The Ghana Securities Industry Association, GSIA, is appealing to the Ministry of Finance to urgently facilitate the payments of locked up monies estimated at 1.35 billion cedis, belonging to its members in the collapsed Savings and Loans and Microfinance Companies. The Association says the delay in accessing their funds is affecting onward payments to their…
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Over 170,000 businesses apply for GHS1bn stimulus package for SMEs – NBSSI
More than one hundred and ten thousand businesses have successfully completed their application for the government’s GHS1billion Coronavirus Alleviation Programme Business Support Scheme. This is a huge jump from the 14,000 businesses that registered in the first week. A statement from the National Board for Small Scale Industries, NBSSI, said this represents 65% of the…
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Aker Energy to start phased development on Pecan oilfield
Oil producing company, Aker Energy has begun negotiations with the government of Ghana to commence the first phase of the development of the Pecan oil field. The company in a statement said that the move should culminate in the production of oil from Ghana’s fourth oilfield as soon as practicable. The announcement by Aker comes…
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Sustained production to boost revenue as gold prices surge – Chamber of Mines
The Ghana Chamber of Mines says it is important for the country to sustain its gold production if government is to make enough revenue from the commodity. Although many sectors of the economy have been hit amidst the coronavirus pandemic, gold prices have seen a surge, hitting 1,715 dollars an ounce as at June 4,…
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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…