Category: Top Stories
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Use 2022 Mid-Year Budget to review tax exemption regime – GUTA
The Ghana Union of Traders’ Association (GUTA) has once again underscored the need for government to review the tax exemption regime to curtail revenue losses, as the Minister of Finance, Ken Ofori-Atta prepares to present the Mid-Year Budget Review on the 13th of July. According to the Association, there is a lack of urgency in…
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Time to take strategic steps to grow Ghana’s economy is now – Pierre Laporte
The Country Director of the World Bank, Pierre Laporte has charged government to take advantage of the current global economic crisis to take strategic steps to help grow Ghana’s tourism sector and the general economy in the medium to long term. Tourism is an important driver of economic growth in Ghana. According to data from…
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IMF programme won’t affect free SHS, other flagship programmes – Gov’t
The Ministry of Finance says government flagship programmes like the free SHS policy, Agenda 111 among others, will not be scrapped following government’s decision to seek an IMF bailout. The Ministry says government will ensure that pro-poor policies are not affected by the IMF conditionalities. Government last Friday announced plans to seek help from the…
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NPA encourages consumers to lodge complaints of foul play at the pump for redress
The National Petroleum Authority is encouraging the public to reach out to its office whenever they have a challenge with products sold to them at the pumps. This according to the NPA will enable it to weed out non-compliant companies in the system. Communications Manager at NPA Mohammed Abdul-Kudus stressed that it was important that…
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Banks must improve their systems to check rising spate of financial fraud – e-Crime Bureau
Cyber security firm, e-Crime Bureau is encouraging businesses in the financial sector to beef up their security and ensure they safeguard their systems to mitigate the occurrence of fraud. This follows a recent report by the bank of Ghana which indicated an increase in fraud-related losses by Banks and specialized deposit taking institutions in Ghana…
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E-Levy won’t be terminated because of IMF bailout – Gov’t assures
As government commences its in-person meetings with the delegation from the International Monetary Fund (IMF) team, led by Mission Chief for Ghana, Carlo Sdralevich, starting, Wednesday July 6, 2022, it is assuring that the controversial Electronic Transfer Levy (E-Levy) will not be terminated. According to the IMF, it stands ready to assist Ghana to restore…
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IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey
Ahead of the commencement of in-person meetings between the Government of Ghana and the delegation from the International Monetary Fund on Wednesday 6th July 2022, the Director of the Institute for Statistical, Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey believes the Fund will reject any program that will see…
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‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah
Minister for information Kojo Oppong Nkurmah has ruled out suggestions that the electronic transfer levy (e-levy) has failed and should be scrapped following the request for help from the International Monetary Fund (IMF). According to him, although government had earlier insisted that seeking a bailout from the International Monetary Fund was not an option, it…
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‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah
The government has assured Ghanaians that its negotiations with the International Monetary Fund will be in the best interest of Ghanaians. The government is set to meet with the Team from the International Monetary Fund on Wednesday, July 6, 2022. Some Ghanaians fear flagship programs such as the Free SHS as well as public sector…
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IMF team arrives in Ghana on Tuesday ahead of Wednesday’s bailout talks
A team from the International Monetary Fund (IMF) is set to arrive in Ghana on Tuesday, July 5, 2022, ahead of a discussion with the government of Ghana on a bail-out request made to the fund. President Nana Akufo-Addo on Friday, July 1, 2022, directed the Finance Minister, Ken Ofori-Atta, to commence engagements with the…