Category: News
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GRA welcomes reduction in import values
The Ghana Revenue Authority (GRA) says it is hopeful that the announcement of the reduction of the benchmark values on some goods at the port will help the authority meet its financial target for the year. Last year, the GRA was not able to meet its revenue forecast. The Vice President, Mahamudu Bawumia at a…
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Kasapreko Company is Best Indigenous Tax Compliance Company for 2018
Kasapreko Company Limited (KCL), Ghana’s trusted beverage manufacturing company, has been named Best Indigenous Tax Compliance Company for 2018 by the Ghana Revenue Authority (GRA). The award is in recognition of KCL’s commitment to the filing of tax returns and compliance to tax laws which has immensely contributed to national development. Presenting the awards to…
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Reduction in import value will yield results – Gideon Boako
Dr. Gideon Boako, the spokesperson for Vice President, Dr. Mahamudu Bawumia, has explained that the reduction in the benchmark import values at Ghana’s ports by 50%, is significant, and will yield long term returns. He indicated that the move will not make Ghana a dumping ground for goods but rather boost local trade. The Vice…
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Ghana needs a world class packaging industry—Stakeholders
Stakeholders in the packaging industry have called on government to facilitate the creation of a world class packaging industry in Ghana. According to them, packaging can help Ghanaian exports compete with other products from across the world. Speaking to Citi Business News on the sidelines of the workshop, Frederic Couty, Senior Advisor on Packaging at…
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IMF exit conditions caused exchange rate spikes in March – Bawumia
Vice President, Dr. Mahammadu Bawumia has blamed the depreciation of the cedi the country experienced in March 2019 on some of the exit conditions by the International Monetary Fund (IMF) programme. According to him, the Bank of Ghana had to implement reforms to ensure an increase in the country’s international reserves in a bid to end…
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BoG didn’t pump money into economy to stabilize cedi – Bawumia
The Bank of Ghana did not inject $800m into the country’s international reserves in order to stabilize the cedi when it sharply depreciated against its major trading currencies in March 2019. This is according to the Vice President, Dr. Mahamudu Bawumia. Dr. Bawumia, who is also the chairman of the government’s Economic Management Team while…