Category: Top Stories
-
Ghana EXIM bank CEO hosts national AfCFTA coordinator
On Wednesday 3rd August 2022, a Team from the National African Continental Free Trade Agreement (AfCFTA) Coordination Office led by the National Coordinator, Dr. Fareed Kwesi Arthur, paid a courtesy call on the Chief Executive of the Ghana Exim Bank (GEXIM), Lawrence Agyinsam. This follows the launch of the National AfCFTA Policy Framework and Action…
-
S&P revises Ghana’s rating to ‘CCC+/C’, outlook negative
Ratings agency, S&P Global Ratings, has revised Ghana’s rating from B-/B to CCC+/C. In a statement issued on Friday August 5, 2022, the global ratings agency, said though government has taken steps toward consolidating the fiscal deficit, including the recent passage of the Exemptions bill, high borrowing costs and softening growth make it difficult to…
-
LPG Marketers Association promise availability of product after strike
The LPG marketers Association of Ghana is assuring consumers they would get products to buy from the retail outlets of its member across the country. This comes after an earlier strike by the association over an embargo instituted by the government on the construction of new LPG stations in 2017. The development left many consumers…
-
GIPC and GSE sign MoU to attract more investment into Ghana
As part of efforts to attract more investment into the country, the Ghana Stock Exchange, GSE, and the Ghana Investment Promotion Investment Centre, GIPC have signed an agreement to promote deeper alliance between the two institutions. The Memorandum of Understanding, MoU, establishes a practical framework for developing greater partnership between the two institutions. The GIPC…
-
Dr. Ampabeng advocates consolidation of road taxes into fiscal policy
A Fiscal Policy Specialist with Oxfam Dr. Alex Ampabeng is advocating for the consolidation of all road levies into one road tax. He believes that the introduction of a road tax could help generate about 20 million cedis in revenue for the government annually. “Scrap all toll booths on the roads, scrap all charges relating…
-
We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel
International telecommunications firm, Telecel Group, says it is willing to re-engage government to get the clearance to acquire Vodafone PLC’s operations in Ghana, following earlier hurdles. Last week, news broke about Vodafone Group’s intention to exit Ghana’s telecom market to enable it re-focus on its key markets. The British telecommunication giant had agreed to offload…
-
Government eyeing GH¢750m with new E-VAT policy
The government is seeking to raise GH¢750 million in Ghana following the passage of the Value Added Tax Amendment bill, which introduces the E-Vat policy. The tax measure broadens the scope of the existing laws to cover electronic commerce, provides for the electronic issuance of a tax invoice, upfront payment of Value Added Tax by…
-
Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.
The Managing Director of Agricultural Development Bank Plc, Dr. John Kofi Mensah has disclosed that the African Continental Free Trade Area (AfCFTA) will help agribusiness entrepreneurs to access the African Market. The AfCTA is a single market (duty-free-quota-free) trading bloc covering the entire African Continent with a total population of 1.3 billion to create a…
-
We are not blocking sale of Vodafone Ghana to the Telecel Group – NCA
The National Communications Authority (NCA) has discredited reports that it was impeding the sale of Vodafone Ghana to the Telecel Group. News broke last week that Vodafone Plc had agreed on a sale of its operations in Ghana to Telecel Group, as the British telecommunications giant looks to refocus on key markets. Vodafone entered Ghana…
-
National AfCFTA Policy Framework and Action Plan launched to boost trade
President Akufo-Addo has urged the Ministry for Trade and Industry to ensure the hastened implementation of programs under the African Continental Free Trade Area (AfCFTA) agreement to allow for businesses to export significantly across the continent. This follows the launch of the National AfCFTA Policy Framework and Action Plan for boosting Ghana’s trade with Africa…