Category: Local Economy
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Ghana Airports Company appoints Pamela Djamson-Tettey as new MD
The Ghana Airports Company Limited has appointed Pamela Djamson-Tettey as its new Managing Director. The company in a statement said she has over 25 years of proven track record in Senior Management, including nine years in the mining industry, nine years in the manufacturing sector and five years in the power sector. Madam Djamson-Tettey is…
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Government set to announce a gradual reversal of Benchmark Value Reduction Policy
A deputy minister for Finance, Mrs Abena Osei-Asare has hinted at a pending announcement of a roadmap for a gradual reversal of the Benchmark Value Reduction Policy. The reversal of the Benchmark value reduction policy was met with stiff resistance from the trading community who threatened an astronomical hike in the price of imported goods…
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Government to begin taxing online businesses by April 2022
In a frantic effort to achieve an ambitious 80.3 billion Ghana cedis tax revenue target for the year 2022 and also attain a tax to GDP ratio of up to 16.5%, the government has initiated moves to widen the tax net and broaden the tax scope. Aside from the introduction of an electronic transfers levy…
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7 state entities shortlisted to list on Ghana Stock Exchange
About seven State-Owned institutions have been shortlisted for possible listing on the Ghana Stock Exchange this year. This follows a review of the performance of these state entities, which have been making losses since 2015. Speaking during a meeting with the media in Accra, Deputy Managing Director of the Ghana Stock Exchange, Abena Amoah noted…
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Ghana still working to improve local content in Oil & Gas industry- Akufo-Addo
President Akufo-Addo says Ghana is still struggling to get more local companies to participate in the oil and gas industry years after laws allowing local content were enacted. The President was speaking at this year’s International Energy Conference and Expo in Guayana. Ghana’s local content policy underpinned by L.I 2204, is geared towards a progressive…
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GREDA asks for tax rebates to build 20,000 housing units a year
The Ghana Real Estate Developers’ Association (GREDA), has called on the government to grant tax rebates to its members to enable them build enough affordable housing units in the country. President Nana Addo Dankwa Akufo-Addo back in April 2019, charged GREDA to develop a proposal to build 20,000 housing units a year to help deal…
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Economist predicts inflation driven hike in Ghana’s monetary policy rate.
Economist and lecturer at the University of Ghana Business School (UGBS), Dr. Patrick Opoku Asuming is confident the Bank of Ghana will soon increase its Monetary Policy Rate above the current 14.5%. This, according to him, is due to the rising inflation in the country and developments on the global scene especially the likelihood of…
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Don’t delay in announcing new MD for GACL – Workers urge gov’t
Workers at the Ghana Airport Company Limited (GACL) have called on the government not to delay in announcing a substantive head for the institution. The call follows the dismissal of the Managing Director of the Ghana Airports Company Limited, Mr. Yaw Kwakwa. The termination of the appointment of Mr. Kwakwa is captured in a letter…
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Rent and Transport associated prices push inflation to almost 14%
A significant increase in prices associated with Housing, Water, Electricity, Gas and other Fuel (28.7%), as well as Transport (17.4%), has pushed the rate of inflation for January 2022 to 13.9 percent. This is captured in the Consumer Price Index (CPI) data for January 2022, released by the Ghana Statistical Service. The rate is 1.3…
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Airport workers conflicted over removal of GACL MD Yaw Kwakwa
Workers at the Ghana Airport Company Limited (GACL) are conflicted over the dismissal of the Managing Director of the Ghana Airports Company Limited, Mr. Yaw Kwakwa. The termination of the appointment of Mr. Kwakwa was captured in a letter from the Transport Ministry directing the Board Chairman of the Ghana Airport Company Limited to honour…