Category: Local Economy
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Retrieve our locked-up funds – Customers of TTL Capital to SEC
Over twenty-four thousand investors of the First Fund Investors Association have issued a two- week ultimatum to new fund managers, TTL Capital, to pay their locked-up funds of about GHS170 million or face their wrath. According to them, they have not been paid for the past 2 years. Addressing the media during a press conference,…
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GUTA welcomes GRA’s decision to collect taxes digitally
A little over a week since the Ghana Revenue Authority (GRA) decided not to accept personal and corporate cheques for the payment of taxes and levies in any of its offices, President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng says businesses are hopeful the move will help government achieve its revenue…
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Registrar General to delete names of companies that fail to file returns by June 30
The Registrar-General, Jemima Oware, says companies that fail to file their returns by the end of June 2021, risk having their names struck out of the list of businesses in Ghana. She said about 200,000 companies have since 2011 failed to file their annual returns and financial statements despite several notices and reminders. Speaking on…
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#CitiBusinessFestival: MSMEs exempted from taxes must still file returns – Ali-Nakyea
A Senior Lecturer at the University of Ghana Law School, Dr. Abdallah Ali-Nakyea, has advised Micro Small and Medium Enterprises (MSMEs) to file annual returns on their income to the Registrar General’s Department even when exempted from paying taxes. MSMEs are required to pay taxes to facilitate development initiatives, but young entrepreneurs [less than 35…
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Standard is the language of trade; it’s critical to meet them – Prof. Dodoo to businesses
The Chief Executive Officer (CEO) of the Ghana Standards Authority (GRA), Prof. Alex Dodoo, has said it is extremely important for entrepreneurs to be concerned about the role of standardization in their businesses if they seek to excel. According to him, standardization is “the language of trade”. Prof. Alex Dodoo was speaking on the theme…
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Take advantage of incentives, tax exemptions and rebates – Tax analyst urges businesses
Businesses continue to be encouraged not to lose sight of the government’s tax waivers to enable them to grow and sustain their operations. Tax analyst and Senior Lecturer at the University of Ghana School of Law, Dr. Abdallah Ali-Nakyea, says there exists an array of incentives, tax exemptions, and rebates that, Micro Small and Medium…
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#CitiBusinessFestival: Virtual forum on ‘Doing Business in Ghana as an MSME’ comes off today
The second edition of the 2021 Citi Business Festival’s virtual fora comes off today [Tuesday, 8th June, 2021]. The forum, which is expected to kick off at 11:00 am and end at 1:00pm, will be hosted by Citi News’ Vivian Kai Lokko. The discussion will be centered on the theme “Doing Business in Ghana as…
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Third party assessment can resolve ENI/Springfield unitisation impasse – Egyapa Mercer
Deputy Minister-designate for Energy, Andrew Egyapa Mercer, has called for the introduction of a third-party assessment of the directives on the unitisation of the Afina and Sankofa fields. This follows a delay in the two companies joining forces to explore the Afina and Sankofa fields. It will be recalled that former Energy Minister, John Peter…
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Over 16,000 agribusinesses couldn’t recover from COVID-19 shocks – GSS
A new survey conducted by the Ghana Statistical Service with support from the UNDP and GiZ has found that about 16,000 agribusinesses have not recovered from the shocks of the COVID-19 pandemic. The study which focused on firms’ survival, measured from their operational status, the impact of the pandemic on wages and employment revealed that…
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#CitiBusinessFestival: Training on entrepreneurship should begin from SHS – Yofi Grant
The Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, believes one of the ways to raise more entrepreneurs within the Micro Small and Medium Enterprises (MSMEs) sector is for the government to empower the youth through skills training right from Senior High School. Speaking on the on-air series of the…