Category: Local Economy
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SIM cards and devices of E-Levy fraudsters will be blocked – Telcos Chamber
A week after the implementation of the Electronic Transfer Levy (E-Levy), the Ghana Chamber of Telecommunications is warning that the SIM cards, as well as the devices of persons defrauding people using the E-Levy, will be blocked when they are found out. According to reports from the Ghana Chamber of Telecommunications, some unscrupulous persons have…
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Gov’t urged to ban export of crude palm oil to protect local market
The government is being urged to ban the export of Crude Palm Oil (CPO) from Ghana, to ensure local processors have access to the raw material for their work. According to stakeholders in the Crude Palm Oil industry, the current ban on the export of the product by other countries like Indonesia requires that Ghana…
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Wereko-Brobby advocates against dual use of LPG
Energy Analyst and former Chief Executive Officer of the Volta River Authority, Dr. Charles Wereko Brobby, has raised concerns about the dual use of Liquefied Petroleum Gas (LPG) in the country. According to him, the situation where LPG is used more in the transport industry than for domestic use, is making it difficult for government…
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GRA assures of robust system to keep records on all E-Levy deductions
The Ghana Revenue Authority (GRA) has assured that it has put in place enough systems to track and keep all records of deductions done as part of the implementation of the Electronic Transfer Levy (E-Levy). This follows an order from the Supreme Court charging the GRA to keep accurate records of all e-levy deductions to…
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Supply of cooking oil to stall if Indonesia’s ban on palm oil export persists
Stakeholders in the crude palm oil industry are warning of supply disruptions for cooking oil and imported crude palm oil on the Ghanaian market in the next 2 to 3 months if the ban on palm oil export from Indonesia isn’t lifted soon. Indonesia, the world’s biggest producer of crude palm oil, ordered a ban…
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Henry Chinedu Onwuzurigbo appointed as new Zenith Bank CEO
Zenith Bank (Ghana) Limited has appointed Henry Chinedu Onwuzurigbo as its new Managing Director/Chief Executive Officer of the Bank. He takes over from Anthony Akindele Ogunranti who has been elevated to the position of Executive Director in Zenith Bank Plc. Mr. Onwuzurigbo, until his appointment, was the Executive Director of Zenith Bank Ghana. Before joining…
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World Bank provides $200m to accelerate Ghana’s digital transformation agenda
The World Bank has approved $200 million to help the Government of Ghana increase access to broadband, enhance the efficiency and quality of selected digital public services, and strengthen the digital innovation ecosystem in Ghana to help create better jobs and economic opportunities. Digital is one of Ghana’s best-performing sectors and grew on average by…
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Private sector urged to leverage SDG investor map for investment in housing sector
The Ghana Investment Promotion Centre (GIPC) and the United Nations Development Programme (UNDP) have urged the private sector to explore the immense opportunities in Ghana’s Housing and Infrastructure sectors, using insights from the Sustainable Development Goal (SDG) Investor Map. The call was made during the just ended third edition of the SDG Investor Map Breakfast…
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GRA to address issues associated with E-Levy implementation on Thursday
The Ghana Revenue Authority (GRA) will later this week address questions from multiple stakeholders regarding issues that have come up following the implementation of the Electronic Transfer Levy (E-Levy). That’s according to the Ghana Chamber of Telecommunications. This comes on the back of numerous complaints about alleged unjustified deductions from people’s accounts, along with other…
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CalBank PLC organizes maiden cashless market
As part of efforts to deepen its relationship with merchants and customers, indigenous bank, CAL Bank PLC has disclosed of its new strategy to enable customers transact business digitally. According to the Bank, this forms part of efforts to drive the digitization agenda in the country and increase the adoption of the use of its…