Category: News
-
Govt misses luxury vehicle tax revenue target
Government has missed its target for the luxury vehicle tax for the first five months of its operation by about 80 percent. The Ghana Revenue Authority was able to rake in about a fifth of the 104 million cedis target from the tax. The Luxury vehicle tax was introduced by government in 2018 to help…
-
Ken Thompson downplays IMF, World Bank growth projections for Ghana
The Chief Executive Officer of Dalex Finance, Kenneth Thompson has downplayed the significance of the IMF and World Bank projections for Ghana’s economy. The IMF and the World Bank have projected a growth rate of 8.8 percent and 7.6 percent respectively for Ghana’s Economy, making it one of the fastest growing economy in the world…
-
Growth must reflect in livelihoods of Ghanaians – IMF to gov’t
The International Monetary Fund (IMF) has advised the government of Ghana to ensure that the country’s expected economic growth translates into an improvement in the livelihoods of the citizenry. The Fund maintains that this could be achieved if the government ties its policies and programs with the aim of solving issues such as unemployment. The…
-
Importers plead with gov’t to extend three month dollar hedging at ports
Some importers have appealed to government to further extend the three months pegging of the dollar rate to the cedi at the ports to six months. Even though they commend government for its decision to peg the local currency at 5 Cedis 8 pesewas to a Dollar at the ports for the next 3 months,…
-
Ex-workers of defunct UT, Capital banks hopeful meeting with Labour Dept will be fruitful
Ex-workers of defunct UT and Capital Banks who allegedly had their contracts terminated by GCB Bank for not possessing the minimum qualification required to work with the bank, are hopeful a scheduled meeting between them, the management of GCB Bank, and the Labour Department will be fruitful. The ex-workers who maintain that the termination of…
-
GRA to confiscate ECOWAS vehicles for exceeding 90 day entry period
The Customs Division of the Ghana Revenue Authority(GRA) has stated that it will start confiscating vehicles from the ECOWAS region that stay in the country for more than 90 days without legal permission. This the Customs Division says it will do through the full implementation of Article 5 of the ECOWAS Protocol on the Free…
-
Financial institutions must provide credit to business women—2nd Dep Governor of BoG
Some leading female executives and government appointees say the financial conditions are right for financial institutions to advance more credit to business women in the country. The latest data from the Bank of Ghana shows that the three largest recipients of total credit or loans in Ghana, namely, commerce & finance, services and manufacturing sectors…
-
GIPC expresses disquiet over presentation of forged documents in business registration
The Ghana Investment Promotion Center has expressed disquiet about the increasing rate at which foreign entities presenting forged documents to business regulators in Ghana. According to stakeholders at the 2019 Economic Counsellors Dialogue organized by the Ghana Investment Promotion Center (GIPC), if the situation is not addressed it can negatively impact Ghana’s image in the…
-
Load shedding to minimize as Ghana Gas completes tie-in of gas pipelines
Ghana should increase its power production by about 450 megawatts within the coming months. This follows the completion of tie-in of gas pipelines connecting Takoradi and Tema in a bid to stabilize the production and supply of power. There have been cuts in power supply to parts of the country over the past two months…
-
Drop in benchmark values : Smugglers to face prosecution – GRA
The Ghana Revenue Authority (GRA) has stressed that it will not spare any importer who smuggles goods into the country in a bid to avoid paying the required taxes on their products. The caution follows the implementation of revised benchmark values on imports. The government believes the move should help reduce smuggling of goods into…