Category: Local Economy
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Reversal of 50% benchmark value policy commences on November 15
Effective Monday, November 15, revised selected items cease to enjoy 30% and 50% discount on benchmark or invoices for vehicle and general goods. The items include, sugar, noodles, palm oil, roofing sheets, toilet paper, facial tissue and towel, chocolates, Portland cement, clinker and mosquito coil. Other items also include vehicles, ceramic tiles, aluminum products, cartons,…
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QIC launches Golden Age Comprehensive Insurance Policy for ‘Baby Boomers’
The Quality Insurance Company Limited (QIC) has launched an enhanced comprehensive motor insurance product dubbed “Golden Age Comprehensive Insurance” Policy exclusively for baby boomers in the society. According to the Company, this unique insurance product, is targeting people born between 1946 and 1964 (baby boomers) because they are better drivers and have disposable income to…
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Gov’t urged to use the 2022 budget to stimulate production activities in the country
The government is being urged to use the 2022 budget statement and economic policy to introduce supply-side initiatives that will stimulate production. According to economist Courage Martey, an improvement in domestic production will go a long way to mitigate the rising rate of inflation. The year-on-year inflation rate for October 2021 hit 11 percent, according…
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G-Money launches ‘Win like a Gee’ Promotion
G-Money, GCB Bank’s innovative mobile money wallet service, has launched a new promotional campaign dubbed “Win like a Gee” to reward its fast-growing customer base. The main objective of the six-month-long campaign, is to increase product uptake by rewarding customers and agents through the creation of awareness and educating the public of the benefits of the…
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2022 budget: Replace ‘nuisance’ taxes with productive levies – Prof. Quartey
Ahead of the presentation of the 2022 budget, the Director of the Institute of Statistical Social and Economic Research (ISSER), Professor Peter Quartey, is calling for the scrapping of some nuisance taxes introduced in the previous budget. Professor Peter Quartey believes some of the taxes introduced did not live up to expectations with respect to…
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Some transport operators threaten to withhold their services from Thursday Nov. 11
The Concerned Drivers Association with support from other stakeholders including the Tipper truck drivers Association and the Okada Riders Association are threatening to park their vehicles and motorbikes from 3pm on Thursday, November 11, 2021, if they do not get a favourable response from the government, concerning their request for some taxes and levies in…
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Insurance companies charged to position themselves to take advantage of AfCFTA
The Commissioner of Insurance, Justice Ofori has tasked insurance companies to stategise and position themselves to take advantage of the African Continental Free Trade Area(AfCFTA) framework to build a resilient industry. He said AfCFTA was the biggest trade agreement in the world and the insurance industry would have a huge role to play to ensure…
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GIPC and UNDP engage stakeholders on SDG Investor Map Utilisation
The Ghana Investment Promotion Centre (GIPC), in collaboration with the United Nations Development Programme (UNDP), held its first breakfast meeting on the Sustainable Development Goals (SDGs) Investor Map utilization, with the goal of channelling investments into major investment opportunity areas identified in the SDG Investor Map for Ghana. The SDG Investor Map which was initiated…
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7th CEO Network Business Cocktail to be held Nov 25
The Ghana CEO Network has announced that the 7th CEO Network Business Cocktail will be held on Thursday November 25, 2021 at Number One Oxford Street in Accra. Addressing the press at a media launch, Founder and CEO of the Ghana CEO Network, Ernest De-Graft Egyir explained that, “the Ghana CEO Network Business Cocktail is…
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Ghana won’t return to IMF for financial support – Ofori-Atta reiterates
Finance Minister, Ken Ofori-Atta has downplayed reports that government is considering the option of returning to the International Monetary Fund, IMF, for some financial support to help stabilize the economy. Some economists and finance professionals have already predicted that the country will secure a program from the fund to help deal with the current revenue…