Category: Top Stories
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We are close to recovering from the impact of COVID-19 – hospitality players
Two years since the COVID-19 pandemic struck in Ghana, players in the hospitality space say business is almost back to normal for them. President of the Ghana Hotels Association, Dr Edward Ackah-Nyamike stated that “I think the industry is bouncing back and we are almost close to the pre-COVID-19 performance, at least from the middle…
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GCB Bank records strong growth in profits in 2021, after a sluggish 2020
Leading local bank, GCB Bank Limited has recorded an overall strong performance in the year 2021, as seen in its impressive growth in profits, both before tax and after tax as well as the increase in the loans and advances given to the bank’s customers last year as compared to the situation in 2020. Profits…
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GAWU laments lack of gov’t policy to boost food production
The General Agricultural Workers Union is lamenting the government’s failure to implement policies that will ensure a boost in production of food this year. According to the General Secretary of the Union, Edward Kareweh, the current situation being faced by farmers with fertilizer subsidy and high cost of production will lead to a low output…
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Telcos Chamber wants E-levy law reviewed to exclude salary payments via MoMo
Ahead of the highly anticipated implementation of the Electronic Transfer Levy (E-Levy) from May 2022, the Ghana Chamber of Telecommunications has called for a review of portions of the law to exclude the 1.5% charge on payment of salaries made via mobile money. According to the chamber, per the current law, salaries that are paid…
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PIAC asks GNPC to quit giving out loans to gov’t until significant recoveries are made
The Public Interest and Accountability Committee (PIAC) has advised the Ghana National Petroleum Corporation (GNPC) to desist from granting loans and guarantees until recoveries are made with reference to outstanding loans. This comes after reports that the Petroleum Corporation could not realize its budgeted revenue from loans and guarantees due to debts owed it by…
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IES predicts relatively stable fuel prices in the second pricing window of April
Consumers of fuel can heave a sigh of relief for the remaining weeks in April because the Institute of Energy Security (IES) is projecting relative stability in the price of fuel on the local market in the second pricing window of this month. According to the Institute, this is attributed to the 1.5 percent cedi…
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More oil cash could help gov’t meet 2022 revenue target – Seth Terkper
Former Finance Minister, Seth Terkper says a sustained high price of crude oil on the international market could help government in raking in much-needed revenue for this year. From a revenue target of GH¢72 billion in 2021, government has set for itself a new target of GH¢ 100 billion for 2022, and is hoping the…
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We’re working to ensure successful implementation of E-levy – Telcos Chamber
The Ghana Chamber of Telecommunications, says despite the tough demands that come with the reconfiguration of the systems of Electronic Money Issuers (EMI’s) in Ghana, for the implementation of the Electronic transfer Levy (E-Levy), its members are committed to making sure the implementation comes off successfully. The implementation of the E-levy, which is expected to…
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Ghana’s oil revenue up 17.5% despite decrease in production – PIAC
Data from the Public Interest and Accountability Committee (PIAC) has disclosed that Ghana’s revenue from oil production saw an increase to a record US$783.33 million in the year ending 2021. This represents a 17.5 percent increase in revenue from the US$666.39 million recorded in 2020. According to PIAC, this increase is due to higher crude…
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Economist charges gov’t to boost domestic production of food to check rising inflation rate
As food inflation continues to impact strongly on national inflation, Economist, Dr. Patrick Asuming is urging Government to introduce more policies and programs to boost domestic production as part of efforts to check the rising inflation rate in the country. National inflation has accelerated to hit 19.4% in March 2022, the highest since 2009. The…