Category: Top Stories
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GUTA pleads with gov’t to hasten slowly with complete reversal of benchmark values
The Ghana Union of Traders Associations (GUTA) is pleading with the government to hasten slowly with a complete reversal of the benchmark value discounts. The appeal comes after the government’s announcement of a new 30 percent discount on the benchmark values of all imported goods and a 10 percent discount for vehicles from the initial…
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Veterinary service assures poultry farmers affected by bird flu of compensation in due time
The Veterinary Services Department says it is yet to receive funds that have been allocated to it by the Ministry of Finance to compensate farmers whose birds were affected by an outbreak of bird flu in July last year. The veterinary services department has been at the forefront of dealing with constant outbreaks of bird…
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Ghanaians urged to assume leading roles in energy sector to boost local content
Energy Minister, Dr. Matthew Opoku Prempeh has reiterated calls for Ghanaians to assume leading roles in the various sub-sectors under the country’s energy sector. According to him, the practice of expatriates being awarded huge contracts due to the lack of skills and technical know-how among Ghanaians must be addressed. To achieve this, he believes more…
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Clearance inspection agencies barred from ports are back – Stakeholders bemoan
Clearance inspection agencies, which were barred from operating at the nation’s ports by government in 2018, have returned to the ports on the blindside of government. This came to light at a forum on Port Relations organised by the Importers and Exporters Association of Ghana. Government in June 2018 charged all inspection agencies except the…
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Audit Agency to be upgraded to a service – Abena Osei-Asare
The Ministry of Finance has indicated that plans are underway to upgrade the internal audit agency to a service. This according to the ministry is part of efforts towards strengthening the agency in the performance of its functions. The development with the agency was revealed by a deputy Minister of Finance, Abena Osei-Asare who was…
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Fuel prices may cross GH¢8 soon if Russia-Ukraine tensions stay high – COPEC
The Chamber of Petroleum Consumers (COPEC) is warning that if nothing is done by authorities in Ghana, regarding the rising fuel prices on the global market as Russia invades Ukraine, fuel prices could cross the GH¢8 mark at the pumps in the first pricing window of March. A barrel of Brent Crude Oil which was…
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Rice millers kick against new benchmark values policy
The Rice Millers Association of Ghana, has described governments new directive to adjust the benchmark value policy to 30 percent discount for all goods and 10 percent for vehicles as a political move which goes against the country’s industrialization agenda. They argue the move will ultimately collapse the local rice industry. The association had long…
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World Bank Group launches new country partnership framework for Ghana
The World Bank Group’s (WBG) Board of Executive Directors today discussed a new five-year Country Partnership Framework (CPF) for Ghana for 2022 to 2026. The CPF prioritises investments in human capital, job creation, economic diversification, building a resilient health system, and fostering a greener and more inclusive society. Ghana has achieved considerable economic and social…
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Benchmark values reduced to 30% and 10% for goods, vehicles respectively
After months of agitation and weeks of consultations with stakeholders in the trading community on the benchmark values reduction policy, the government has finally concluded on a 30 percent discount for all goods and 10 percent for vehicles. According to the government, this development, which will take effect from March 1, 2022, allows for a…
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Gov’t urged to introduce policies to cushion Ghanaians as fares go up on Feb. 26
Head of the Economics Division at the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey says stakeholders should expect the upcoming 15% increase in transport fares as announced by the Road Transport Operators, to increase national inflation in the coming months. The new fares, which are expected to…