Category: Local Economy
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Momo Agents Assoc. warns of crisis if education on E-Levy isn’t improved
The Mobile Money Agents Association of Ghana is warning of a crisis if government does not ramp up education on the E-Levy for the general public. Despite attempts by the Finance Ministry, the Ghana Revenue Authority (GRA) and the media at raising awareness about the E-Levy, it appears more needs to be done. Checks by…
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More focus on agric sector will aid gov’t in achieving 2022 GDP growth target – Economist
After a challenging two years against the backdrop of the COVID-19 pandemic, Ghana is seeking to return to a path of economic growth comparable to pre-pandemic levels but several global and local factors are militating against projections. In the 2022 budget, the government projected an overall real GDP growth rate of 5.8 percent. But some…
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Ghana Bauxite Company woos investors for mining and refinery
A high powered delegation comprising mostly the new Board Members of the Ghana Bauxite Company (GBC) led by its able Executive Chairman, Mr. Isaac Ofori Poku, has participated in this year’s 2022 Bauxite and Alumina Conference held this week in the USA, in faraway Miami. The delegation led by the Minister of Lands and Natural…
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Price of cooking oil to rise following Indonesia’s ban on palm oil export
The price of cooking oil and other products like soaps and biscuits, that are produced using crude palm oil (CPO) should rise in the coming weeks in Ghana if the ban on the export of palm oil from Indonesia isn’t lifted. This is according to stakeholders within the palm oil industry. Indonesia, the world’s biggest…
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Shippers’ Authority, FDA partner to tackle non-tariff barriers impeding trade facilitation
As part of measures to improve processing of documents at the port, the Ghana Shippers’ Authority (GSA) has partnered the Food and Drugs Authority (FDA) to sensitize shippers on ways to address import permit application challenges. The move is part of efforts to tackle the growing Non-Tariff Barriers (NTBs) as well as support trade facilitation.…
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Payment of neutrality allowance will trigger inflationary pressures – Labour Consultant
A Labour Consultant, Austin Gamey is warning of increased inflationary pressures if the calls for a neutrality allowance by the Civil and Local Government Staff Association of Ghana (CLOGSAG) are heeded by the government. Currently, the national inflation rate is close to 20%. CLOGSAG laid down their tools on Thursday, April 21, 2022, following the…
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Concrete steps must be taken to expand production to promote regional trade – BoG
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi has reiterated the need for concrete steps to be taken to expand production and delivery of goods and services to promote regional trade and growth under the African Continental Free Trade Area. According to her, this will help accelerate the progress of the implementation…
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BoG assures of robust policies to stimulate economic growth– Elsie Awadzi
As the country finds ways of recovering from the COVID-19 pandemic and the on-going war between Russia and the Ukraine, the Bank of Ghana has assured that it will continue to provide strong policy support to promote domestic and regional economic growth recovery efforts. This is according to the Second Deputy Governor of the Bank…
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Move from Abossey Okai to Afienya won’t be forced on spare parts dealer– Leadership assures
Leadership of the Abossey Okai Spare Part Dealers Association is assuring its members that no trader will be forcefully evicted from their current location as part of ongoing efforts by the government to relocate spare parts dealers of Abossey Okai in Accra to Afienya, a community in the Greater Accra Region. The remarks follow a…
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A continuous rise in input prices will lead to higher commodity prices – AGI
The Association of Ghana Industries (AGI), is warning that prices of final goods will continue to rise if the high Producer Price Inflation rate in the country is not checked. Data from the Ghana Statistical Service shows that the year-on-year producer inflation for all industries was 29.3 % in March 2022. The 29.3 percent year-on-year…