Category: Local Economy
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Supply Ghanaians with more made-in-Ghana products – AGI urges GUTA
The Association of Ghana Industries (AGI) has urged members of the Ghana Union of Traders Association (GUTA) to supply consumers with made-in-Ghana products following the government’s decision to reverse the 50% benchmark value reduction policy on some selected items. According to the AGI, GUTA’s lack of support for local manufacturers will not help Ghana’s industrialisation…
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Real time payments such as GIP and Mobile Money interoperability becoming the favourite of many
Customers’ preference for real time payment channels is becoming abundantly clear, as such products continue to register impressive growth in patronage. The GhIPSS Instant Pay (GIP) platform which enables payments made across different banks to be effected instantly, has been recording impressive growth in volume year on year. Total volume of GIP transactions from January…
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Companies urged to adopt talent-management strategy to enhance employee performance
The Institute of Directors, Ghana is advocating the need for companies to adopt a talent management strategy to identify and develop the skills and proficiencies of their employees. According to the Institute, this was critical to achieving organisational success and enhance the performance of their employees. Addressing graduands at the 20th Graduation and Induction ceremony…
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Deputy Finance Minister hints at review of implementation strategy for e-Levy
A Deputy Minister of Finance, Abena Osei-Asare, has hinted that the government may be reviewing the implementation strategy of the proposed Electronic Transaction Levy (E-Levy) in the coming days. Speaking at a Deloitte Economic Dialogue Webinar on the 2022 budget-themed ‘Digitalisation as a catalyst for economic recovery and growth’, Abena Osei-Asare stressed that government is…
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Volta Fair has moved the Region to another level – Minister
Dr Archibald Yao Letsa, Volta Regional Minister, has noted that the ongoing fifth Volta Trade and Investment Fair which started on November 15, has moved the Region to another level. He said the Region was one of the most trending topics and people were calling from various parts of the world and were excited about…
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GUTA cautions of ‘intense protests’ if benchmark value policy is reversed
The Ghana Union of Traders Associations (GUTA) is warning of intense protests if the government goes ahead with plans to reverse the benchmark value reduction policy. Over a week after the Finance Minister proposed the reversal of the benchmark reduction policy in the 2022 budget, different stakeholders have defended or spoken against the move. In…
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BOST takes delivery of 5,400 pipes for expansion
The Bulk Oil Storage and Transportation Company Limited, BOST, has finally taken delivery of 5,400 pieces of 12- inch pipe among other equipment to support the rehabilitation and expansion works on its petroleum transmission lines from Tema to Akosombo. The pipes, which include valves, flow meters, pumps and generators were procured in 2009 for $63.2 million…
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Kosmos Energy commissions Hunger Relief Projects to aid the vulnerable
Leading exploration and production company, Kosmos Energy, has commissioned the second phase of the Hunger Relief Projects for the James Camp Prison, Senior Correctional Centre and Light Outreach Foundation, a Christian charity organization. The project involved the construction of snail, mushroom farming structure and irrigation facility as well as land preparation for vegetable farming. It…
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E-levy is critical for improving Ghana’s tax-to-GDP ratio – Ofori-Atta
The Finance Minister, Ken Ofori-Atta has defended the Electronic Transaction Levy proposed in the 2022 budget, saying it will help lift Ghana’s tax-to-GDP ratio to a level comparable to peer economies in the sub-region. At around 12% in 2019 and 2020, and 13% in 2021, Ghana’s tax-to-GDP ratio remains far below the government’s target of…
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MELR holds workshop to train Community Child Protection Committees on child labour
The Ministry of Employment and Labour Relations (MELR) has held a three-day workshop to train Community Child Protection Committees (CCPCs) on child labour in the Ashanti Region. The workshop is under the Trade for Decent Work Project (T4DWP) championed by the International Labour Organisation (ILO) and the European Union (EU). Child labour and its worst…