Category: Government
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Ghana Statistical Service inaugurates new board
The Honourable Deputy Minister of Finance, Dr John Kumah, today inaugurated the Governing Board of the Ghana Statistical Service and charged the members to provide the needed guidance and assistance to the Management of Service. He further asked the Board to among others: (i) Work towards expanding the Establishment Post of the Service by ensuring…
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Stay away from ‘SIDICOIN’ cryptocurrency investment scheme – BoG warns public
The Bank of Ghana (BoG) has warned the public about an impending launch of a cryptocurrency investment scheme named “SIDICOIN” in Ghana. According to a statement from the Central Bank, neither the cryptocurrency investment scheme nor its promoters have any approval from the Bank of Ghana to operate in the banking and payment services sector.…
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Payment of neutrality allowance will trigger inflationary pressures – Labour Consultant
A Labour Consultant, Austin Gamey is warning of increased inflationary pressures if the calls for a neutrality allowance by the Civil and Local Government Staff Association of Ghana (CLOGSAG) are heeded by the government. Currently, the national inflation rate is close to 20%. CLOGSAG laid down their tools on Thursday, April 21, 2022, following the…
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A continuous rise in input prices will lead to higher commodity prices – AGI
The Association of Ghana Industries (AGI), is warning that prices of final goods will continue to rise if the high Producer Price Inflation rate in the country is not checked. Data from the Ghana Statistical Service shows that the year-on-year producer inflation for all industries was 29.3 % in March 2022. The 29.3 percent year-on-year…
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World Bank urges Ghana to implement policies that attract private investment
The World Bank Group has called on government to prioritize policies that attract investments from citizens and foreigners. According to the Bretton Woods institution such an approach is critical especially as countries like Ghana strive to return to a path of sustained economic growth. Ghana like many other developing countries is dealing with the impact…
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Gov’t will still struggle to meet 2022 revenue target despite E-Levy passage – Seth Terkper
Former Finance Minister, Seth Terkper has expressed doubt over government’s ability to meet the revenue target of GH¢ 100 billion, despite the approval of the Electronic Transfer Levy (E-levy) law. The implementation of the E-levy, which is expected to commence in May 2022, was originally expected to help bring in about GH¢6.9 billion this year…
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Attributing all our challenges to COVID-19 affecting Ghana’s credibility – Seth Terkper
Former Finance Minister, Seth Terkper says Ghana’s credibility on the international market is waning due to the continuous attribution of the country’s issues to the COVID-19 pandemic and the Russian–Ukraine War. The remarks come on the back of President Nana Akufo-Addo’s recent interview with the BBC, where the President sought to defend the state of…
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GUTA urges gov’t to get other countries to open their borders to facilitate trade
The Ghana Union of Traders Association (GUTA) has added its voice to calls on government to get Ghana’s neighbouring countries to also reopen their land borders, more than a week after President Akufo-Addo announced the reopening of Ghana’s land and sea borders President Nana Akufo-Addo’s announcement of a reopening of Ghana’s land and sea borders,…
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1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey
Director of the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey is concerned that the 1.5% rate of the Electronic transfer levy (E-Levy) will prevent government from achieving the GHC 6.9 billion target set for the levy. President, Nana Akufo-Addo, signed into law the E-levy Bill, two days…
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![Stakeholders call for subsidies, tax exemptions to boost adoption of electric cars [Video]](https://citibusinessnews.com/wp-content/uploads/2022/03/The_Rising_Trends-of-Electric-Vehicles-1.jpg)
Stakeholders call for subsidies, tax exemptions to boost adoption of electric cars [Video]
Stakeholders in Ghana’s nascent electric car space are calling for tax breaks and subsidies to boost the adoption of electric cars in the country. According to the Energy Commission of Ghana, there are over a thousand full electric and semi-electric vehicles on the country’s roads. But is there room for increased adoption, and what needs…