Category: Local Economy
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GIPC to organise 2021 Q1 CEO’s breakfast meeting on technology transfer agreements
The Ghana Investment Promotion Centre is set to hold its first CEO’s Breakfast Meeting this year on Tuesday 30th March 2021 with a comprehensive look at Technology Transfer Agreements (TTAs). Under the theme “Technology Transfer Agreements: Eligibility, Compliance & Liabilities”, the first quarter edition of the renowned breakfast gathering of CEOs will sensitize the investor…
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Bank of Africa MD demands review of 5% financial sector clean-up levy
Managing Director for the Bank of Africa, Kofi Andah has asked for a review of the newly introduced financial sector clean-up levy of 5 percent. The levy was proposed in the recently read budget. According to the government, it is meant to help defray outstanding commitments in the sector following the clean-up which cost the…
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GSE lauds suspension of taxes on capital gains on listed securities
The permanent removal of taxes on capital gains on listed securities in the country has been lauded by the Managing Director of Ghana Stock Exchange, Ekow Afedzie, describing it as critical to the growth of Ghana’s capital market. A capital gain is described as an increase in the value of any asset including stocks, over…
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Deloitte Ghana Economic Dialogue: Trade Minister defends 2021 budget and policies to recover economy
As Ghanaian businesses continue to explore avenues to harness opportunities for growth amid the COVID-19 pandemic, the Minister for Trade and Industry, Alan Kwadwo Kyerematen, says government’s programmes and policies in the 2021 Budget and Economic Policy Statement are geared towards strengthening businesses. Addressing participants of this year’s edition of the Deloitte Ghana Economic Dialogue,…
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Government committed to supporting activities of PIAC – Nana Addo
President Nana Addo Dankwa Akufo-Addo has said the government will continually cooperate with the Public Interest and Accountability Committee (PIAC) to carry out its mandate. Speaking at the 10th-anniversary celebration of PIAC, President Nana Akufo-Addo said the government has given PIAC enough resources to implement its policies and programmes since 2017. The President was hopeful…
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Impact of COVID-19 on commodities continues to cause decline in exports
Latest data from the Bank of Ghana’s Summary of Macroeconomic and Financial Data for the period ending February 2021 shows the value of Ghana’s total exports decreased to about 2.5 billion dollars in February 2021, from the about 2.8 billion dollars recorded during the same time in 2020. An estimated 2.2 billion dollars was spent…
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ISSER advocates for effective revenue mobilisation for economic recovery
The Institute of Statistical, Social and Economic Research (ISSER) has asked the government to limit human contact in the country’s revenue mobilization by introducing automated and computerized tax collection systems. According to the institute, human contact in revenue collection usually forms grounds for bribery and corruption which denies the country of needed revenue. Describing the…
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Establish processing plant to address egg glut – Farmer association
The Greater Accra Poultry Farmers Association is proposing an egg processing factory as a solution to the challenge of a glut on the market. According to the association, this move will significantly reduce the loses of farmers who are currently having challenges selling their eggs. Michael Nyarko-Ampem, the President of the Greater Accra Poultry Farmers…
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U.S Embassy donates security screening equipment to KIA
The United States Embassy has donated state-of-the-art security screening equipment for use at the Kotoka International Airport (KIA). The security equipment includes one body scanner, nine explosive and narcotics trace detectors at the passenger checkpoint for outbound flights inside KIA terminal 3. Unlike the other scanners already available to the KIA, the equipment detects both…
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Upfield joins the Global Shea Alliance
Upfield, the global leader in plant-based nutrition and the leading producer of plant-based margarines, spreads and cheese products, has joined the Global Shea Alliance (GSA). Upfield has also registered as a GSA sustainability partner, committing to promoting the sustainable development of the shea sector. Joining the Global Shea Alliance is an important component of Upfield’s…