Category: Local Economy
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Most MSMEs unwilling to pay more taxes even for better government services – CDD report
The majority of Medium, Small and Micro Enterprise (MSME) owners in Ghana are unwilling to pay more taxes even if it means benefiting from more improved government services. This is according to the report of a survey conducted by the Ghana Center for Democratic Development (CDD-Ghana). The report titled ‘Access to Justice and Public Services,…
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We only suspended operationalization of toll collection, not the law – Roads Ministry
The Roads and Highways Ministry has clarified that the recent directive by the sector minister for the cessation of the collection of tolls on public roads was not to set aside the laws for toll collection. According to the Ministry, the directive was to the effect of stopping the operational duties of toll collection due…
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E-levy won’t discourage people from going cashless – Adu Boahen
Minister of State at the Finance Ministry, Charles Adu Boahen, is confident the introduction of the Electronic Transaction Levy by the government will not discourage Ghanaians from going cashless. The announcement of the new levy was made during the 2022 Budget reading on Wednesday, November 17, 2021, as part of the government’s strategies to widen…
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GIPC launches 2nd edition of Taste of Ghana
The Ghana Investment Promotion Center (GIPC) has launched the second edition of Taste of Ghana, purposed to showcase and celebrate Ghana’s unique culture in grand style. The launch, which took place at the Centre’s premises, served as the official outdooring for the main event dubbed ‘Taste of Ghana 2.0”, scheduled to take place on 27th…
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2022 Budget: 1.75% tax imposed on MOMO, other electronic transactions
As part of efforts by the government to rake in more revenue for the country, government has slapped a 1.75 per cent levy on mobile money and other electronic transactions that exceed GH¢100 per a day. The levy called ‘Electronic Transaction Levy or E-Levy’ is contained in the 2022 budget. Delivering the 2022 budget statement…
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Finance Minister delivers 2022 Budget today
The government’s Budget Statement and Economic Policy for the year 2022 is expected to be presented in parliament today, Wednesday, November 17, 2021, by the Finance Minister, Ken Ofori-Atta. This will be the sixth budget of the Akufo-Addo administration, in accordance with Article 179 of the 1992 constitution. Many await the presentation of the 2022…
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Abena Osei-Poku appointed as new chairperson of Ghana Stock Exchange council
The Ghana Stock Exchange (GSE) Council has appointed Abena Osei-Poku as the Chairperson of the Council effective October 14, 2021. She is the second female in twenty-six years to become the Chairperson of the Exchange after Mrs. Gloria Nikoi of blessed memory. Abena Osei-Poku takes over from Mr. Ray Anselm Sowah, whose tenure ended at…
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![Use 2022 Budget to push development and growth of entrepreneurship in Ghana [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2021/11/Parliament1-750x375-1.jpg)
Use 2022 Budget to push development and growth of entrepreneurship in Ghana [ARTICLE]
Entrepreneurship has been a major contributor to the gross domestic product (GDP), employment generation and innovation in Ghana. The International Trade Center (ITC) reported in the 2016 SME Competitiveness in Ghana that small businesses represent about 85% of businesses and contribute about 70% of Ghana’s gross domestic product (GDP). The report further indicated that they…
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Gov’t urged to develop policies to prevent exploitation of natural resources
The World Sustainability Organization has called on the Government to develop policies targeted at preventing the exploitation of the country’s natural resources. According to the Organization, over-exploitation of natural resources harms the health of ecosystems and the livelihoods and wellbeing of people. Speaking in an interview with GHOne TV’s Natalie Fort, he noted although Ghana…
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Importers threaten to increase prices of goods if Gov’t doesn’t restore benchmark policy
The Importers and Exporters Association of Ghana is threatening to have its members increase the price of the goods they bring into the country if the government goes through with the reversal of the 50% benchmark policy on some 32 product categories. Some documents cited by Citi Business News purportedly from the Ghana Revenue Authority…