Category: Local Economy
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GEXIM’s “Tuesday Market” slated for 30th August 2022
The Management of Ghana Exim Bank (GEXIM) has announced Tuesday 30th August 2022 as the date for the next edition of its popular Small and Medium Enterprises (SME) Fair dubbed “Tuesday Market”. The Fair is scheduled to take place at the premises of the World Trade Centre in Accra between the hours of 10:00 am…
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We’re ready to help Ghana stabilize economy – IMF
The International Monetary Fund (IMF) has expressed its willingness to help Ghana stabilize its economy. This was disclosed by the IMF’s Managing Director, Kristalina Georgieva in a tweet after a meeting with the Finance Minister, Ken Ofori-Atta. The IMF concluded a fact-finding mission to Ghana in July in which it met with key stakeholders like…
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$750m Afrexim Bank loan hits Bank of Ghana’s accounts
The $750 million African Export-Import Bank (Afreximbank) Loan approved by Parliament last month, has hit the Bank of Ghana’s (BoG) account, sources close to Citi Business News have stated. The loan, which is part of a $1 billion dollar facility, reached the Central Bank on Thursday, 25th August 2022. Citi Business News sources with the…
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Managing Director of Ghana Stock Exchange, Ekow Afedzie retires in November
Managing Director of the Ghana Stock Exchange, Ekow Afedzie, is set to retire from his position later this year [November 2022], after 31 years of dedicated service. This was announced at the company’s 32nd Annual General Meeting in Accra. Ekow Afedzie was appointed as the Managing Director of the Exchange on January 1, 2020. Commenting…
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GUTA suspends plans to close shops after meeting with Council of State
The Ghana Union of Traders (GUTA) has called off its planned shop closure scheduled for Monday, August 29, 2022. This was after a meeting with the Council of State. GUTA said a joint committee has been set up to look into its concerns. President of the Association, Dr. Joseph Obeng, after the meeting, said the…
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GIPC’s gears up to host 19th edition of Ghana Club 100
After a two-year break owing to the COVID-19 Pandemic, the Ghana Investment Promotion Centre (GIPC) is bracing itself to host the 19th edition of its esteemed Ghana Club 100 awards in October at the Kempinski Gold Coast Hotel in Accra. The Ghana Club 100 is an annual compilation of 100 outstanding companies in Ghana’s business…
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Traders Advocacy Group calls on traders to defy GUTA’s strike directive
The Traders Advocacy Group Ghana is asking its members to disregard directives by the Ghana Union of Traders Associations (GUTA) to close their shops as a measure to drum home their displeasure with the government over the current economic situation. GUTA has instructed its members to act on the 29th of August in a bid…
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GRA to roll-out automated tax clearance system from October – Veep
Government has revealed that it will begin rolling out the automation of all tax clearing certificates, TCCs, from October this year. This is part of efforts to promote tax compliance. This latest move is aimed at reducing the voluntary use of powers and its attendant alleged corruption by public officials in the country. Prior to…
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GNCCI urges gov’t to introduce deliberate policies to boost revenue mobilisation
The Ghana National Chamber of Commerce and Industry, GNCCI, has reiterated calls for government to operationalise the Tax Exemption Bill and the Property Tax law and other deliberate programmes to boost domestic revenue mobilization. According to the Ghana National Chamber of Commerce and Industry, the high cost of doing business in the country which they…
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Cedi depreciation: About $2bn to be injected into economy – Oppong Nkrumah
Information Minister, Kojo Oppong Nkrumah, has said the government is expected to inject some $2 billion into the Ghanaian economy shortly. Kojo Oppong Nkrumah said the 750 million dollars expected from the Afremix Bank will hit the accounts of the Bank of Ghana this week, whilst the cocoa syndicated loan will add $1.3 billion. Speaking…