Category: Local Economy
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Yet-to-be-approved taxes must have timelines – KPMG’s Anthony Sarpong
International Auditing Firm, KPMG says the yet to approved new taxes are a necessary evil as the government strives to engineer the recovery of the economy following the impact of the COVID-19 pandemic. In an interview with Citi Business News on the sidelines of a stakeholder engagement on the 2021 budget organised by KPMG, its…
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PUWU urges Gov’t to support women affected by COVID-19 pandemic
The Public Utility Workers Union (PUWU), has called on government to offer specific support particularly to women whose jobs and livelihoods were affected by the COVID-19 pandemic. According to the Union, majority of women in Ghana work in the informal sector, a situation that exposed them more to COVID-19 infections, as some women in the…
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BOST targets Sahelian countries after reviving Bolga Depot
Ghana’s quest to serve as a hub for petroleum products in the sub-region received a major boost following the revival of the Bolgatanga Depot of the Bulk Oil Storage and Transportation Company Limited (BOST). The facility which has a capacity to hold about 46.5 million litres of petroleum products has been dormant since 2018 largely…
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2021 petroleum revenue forecasts pegged at US$886 million
Government is expecting to realize roughly US$886 million as petroleum revenue for 2021. This was announced by the caretaker Finance Minister and Minister of Parliamentary Affairs, Mr. Osei Kyei-Mensah-Bosnu during the 2021 budget presentation in Parliament on Friday, March 12, 2021. The amount is made up of royalties of US$201.0 million, Carried and Participating Interest…
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Passage of Tax Exemptions Bill will boost revenue mobilization – Stakeholders
Some stakeholders have reiterated the need for Government to fast-track the passage of the Tax Exemptions Bill to ensure monies lost to tax exemptions are mopped-up to aid government’s revenue mobilization. Many have described the new revenue targets, especially, the non-oil tax revenue of GHC 53.6 billion, as high considering the marginal increases in revenue…
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30% corporate income tax rebate not enough incentive – Hotels Association
The Ghana Hotels Association says its expectation was not met in the recently delivered 2021 budget statement. According to the association, it expected more policies that will help the ailing industry get back on its feet. Speaking to Citi Business News, President of the Ghana Hotels Association, Dr Edward Ackah-Nyamike said the hotel industry will…
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Poor people will suffer most from newly-proposed taxes – Joe Jackson
Economist Joe Jackson is concerned that Ghanaians at the lower level of the economic ladder will be the worst hit by the government’s proposed new taxes and levies. He said while the taxes apply to every Ghanaian, they will come out as very harsh to the poor since the majority of them use consumables and…
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Vanguard Life trains staff in Customer Service Management
Vanguard Life Assurance, an indigenous life underwriter, has organized customer service training for its staff and management in Accra. The day’s training brought together 79 participants from all branches, both in-person and virtual. The training which was facilitated by highly acclaimed training experts, the MIKENZY CONSULTING LIMITED was largely appreciated by staff and management looking…
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We need clear policy to promote made-in-Ghana goods – Konfidants
Konfidants, an international business advisory firm, is urging the Ministry of Trade and Industry and its agencies such as the Ghana Enterprises Agency (Formerly NBSSI), National Entrepreneurship Innovation Program (NEIP), Standards Authority to collaborate with the FDA and other stakeholders such as industry associations to come up with a holistic policy and program framework to…
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Citi TV, UPSA to hold post-budget dialogue on March 18
Citi TV and the University of Professional Studies, Accra (UPSA) will hold a post-budget dialogue on Thursday, March 18. The theme for the programme is “Building Consensus for Effective Implementation of National Economic Policies.” The dialogue, scheduled to start at 4 pm on the day, will consist of a panel discussion and, question and answer…