Category: Government
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Government to review luxury vehicle tax in Mid-Year Budget
The Ministry of Finance has announced plans to review the luxury vehicle tax introduced in the 2018/2019 national budget. Under the law, vehicles with engine capacity above 3.0 are charged fees ranging from 1000 cedis and above. The law has been criticized by car dealers and vehicle importers, arguing that it has increased their cost…
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Government’s Gh¢1.32 billion owed GNPC needs urgent attention — Parliament
A report by the Finance Committee of Parliament has revealed that state-owned entities (SOEs) have defaulted in paying some GH¢1.32 billion owed the Ghana National Petroleum Corporation (GNPC) — an act which the committee warns would negatively impact on the company’s operations. The Committee in its assessment of the 2018 PIAC Semi-Annual Report on the…
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Supreme Court grants AG permission to sell Woyome’s assets to recoup GHS51m judgment debt
The Supreme Court has given permission the Attorney General to sell properties belonging to businessman Alfred Woyome offset some GHS51 Million judgment debt paid illegally to him by the State. The properties earmarked for sale include two executive buildings of the businessman, lthe office complex of Anator Holdings, a company owned by Mr. Woyome, and…
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Regulator impounds unlicensed courier operating motorbikes
The Postal and Courier Services Regulatory Commission has cautioned that it will not hesitate to arrest and possibly prosecute operators of courier services that are not licensed by the Commission. It follows a crackdown on Wednesday [June 26, 2019] where about sixty motorbikes were impounded for offering courier services but without a license. The latest…
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Government secures GHS1 billion in loans for nationwide water projects — Mrs. Dapaah
Minister for Sanitation and Water Resources, Cecilia Dapaah has disclosed that government has secured various loan facilities totaling GHS1 billion to expand access to potable water across the country. The Minister disclosed this at the 2019 Water Africa and West Africa Building and Construction Exhibition and Seminar held in Accra. The two-day event brought together…
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Ministry of Energy pushes target for universal electricity access from 2020 to 2025
The Ministry of Energy has reviewed its target of ensuring universal electricity coverage from 2020 to 2025. This, the Ministry says, has become necessary even as it implements new measures to enhance energy efficiency in the country, as well as address the remaining challenges in ensuring energy supply to some rural parts of the country.…
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Banks to start operating MoMo points directly from July–BoG
The Bank of Ghana (BoG) is predicting stiffer competition as banks prepare to directly operate mobile money(MoMo) vending points through the Electronic Payment and Financial Services law from July 2019. By this, banks in the country will be allowed to brand specific points to render mobile money services. Speaking to Citi Business News on the…
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VRA responsible for 98% of Ghana Gas’ debt stock – PIAC report
It has emerged that the Volta River Authority, VRA, alone is liable for almost ninety-nine (98.99) percent of the amounts owed the Ghana Gas Company by its suppliers. According to the 2018 annual report of the Public Interest and Accountability Committee, PIAC, the VRA owes Ghana Gas over two hundred million dollars as at the…
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Sissala East hits 50 percent of its annual revenue target in first quarter
The Sissala East Municipal Chief Executive, Karim Nanyua, has described as encouraging the ability of the Assembly to mobilize 50 percent of its yearly targeted revenue by April ending 2019. He said efforts by the Assembly was encouraging but appealed to all to pull resources and efforts together to ensure the yearly revenue mark…
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#CitiBizFestival: “This is Ghana Exhibition” comes off on 29th June
The Citi Business Festival continues with the next outdoor event which is “This is Ghana Exhibition” scheduled to come off this weekend at the Alisa Hotel in Accra. The programme will create space for Small and Medium Enterprises (SMEs) in the country to showcase their products. In Ghana, Small and Medium Enterprises contribute about 70%…