Category: Local Economy
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Economists back calls by IMF for gov’t to prioritize progressive revenue mobilizations
Some economists have backed calls by the International Monetary Fund (IMF) for government to prioritize progressive revenue generation. According to them this will ensure that the rich in our society are made to pay taxes and levies which are commensurate with the value of their assets as well as their income. The International Monetary Fund…
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Intensify tax compliance efforts to increase revenue – Prof. Bokpin
An economist and Professor with the University of Ghana Business School, Professor Godfred Bokpin is urging government to intensify its tax compliance efforts in its quest to increase revenue mobilization in the country. According to him, this will enable government generate more revenue and enable it raise funds for key infrastructure projects thereby leading to…
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Ghana’s financial market to receive boost after launch of Capital Market Master Plan – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta, says confidence in Ghana’s financial markets should rise, with the introduction of a 10-year strategic Capital Market Master Plan by the Securities and Exchange Commission (SEC). The Capital Market Master Plan (CMMP) is aimed at diversifying the capital market as well as boosting economic growth. The plan hinges on…
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Ghana likely to lose if ENI/Springfield impasse ends up in court – IES
Ghana could be the overall loser if the ongoing impasse between ENI Ghana Exploration and Production Limited, and Springfield Exploration and Production Limited, which has led to a delay in the unitization of their Afina and Sankofa oil fields, end up in the International Court of Arbitration. That’s according to the Executive Director of the…
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Ghana to be removed from EU’s money laundering list
The European Union (EU), has announced plans to take off Ghana from its list of countries noted for money laundering and terrorism financing. This decision is said to have been arrived at during President Nana Akufo-Addo’s two-day working visit to Brussels, Belgium, a statement from the Jubilee House said. “The European Union acknowledged the efforts…
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MSMEs to enjoy low interest rates with creation of Development Bank Ghana – Ofori-Atta
Finance Minister, Ken Ofori-Atta has assured that the establishment of the Development Bank Ghana (DBG) will see a reduction in interest rates for Ghanaian businesses. This comes barely a day after the Ministry of Finance and the European Investment Bank signed an agreement for the provision of a €170 million facility for the establishment of…
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Increased manufacturing pushes PPI for April to over 11%
The average price of goods and services received by domestic producers in the country for their production activities, in the month of April 2021 went up by 11.1%, when compared with the prices received by the producers in April 2020. The increase in prices which brings the producer price inflation rate for April 2021, to…
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Cyber Security Authority to be operationalized by end of 2021
The Ministry of Communications and Digitalisation will this year operationalize the National Cyber Security Authority as part of the country’s digitalisation effort. Parliament passed the Cybersecurity Act 2020 in November 2020, which establishes the Cyber Security Authority. The Authority is expected to among other things protect the critical information infrastructure of the country, regulate cybersecurity…
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ECG Board and officials pay familiarisation visit to Alpha TND Factory
The Board of the Electricity Company of Ghana (ECG) led by its Board Chairman, Mr. Keli Gadzekpo, and some officials have paid a one-day familiarisation visit to the factory base of energy and power distribution resource company Alpha TND Limited located at Prampram in the Greater Accra region. Mr. Keli Gadzekpo was accompanied by Mr.…
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Invest in effective systems to detect fake currencies – E-crime Bureau to businesses
Cyber Security firm, E-crime Bureau has charged the over 200,000 mobile money agents across the country and businesses to invest in tools and systems such as money counting machines to detect fake currencies being introduced into the system by unscrupulous characters. Earlier this month National Security busted a 13-member gang involved in the printing and…