Category: Top Stories
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Police reiterates call for financial institutions to procure fit-for purpose bullion vans
The Ghana Police Service has reiterated calls for all financial institutions in the country to resort to the use of fit for purpose bullion vans for their cash-in transit activities. The remarks were made after the Police in the Greater Accra Region thwarted an attempted robbery attack on a bullion van at the North Industrial…
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Lack of attractive mortgages to blame for NPLs in construction sector – GREDA
The Ghana Real Estate Developers’ Association (GREDA), is attributing the high Non-Performing Loans (NPLs) in the construction sector to the lack of attractive mortgages in the country. Data from the Bank of Ghana shows that repayment challenges associated with COVID-19 were paramount last year, with the NPL ratio in the banking sector increasing from 15.5…
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Poultry farmers still not compensated after bird flu outbreak in July 2021
None of the over two thousand members of the Greater Accra Poultry Farmers Association has received compensation following an outbreak of bird flu that affected their farms sometime in July last year. This development comes despite the fact that the government in January this year announced a GH¢14 million compensation for farmers whose livestock were…
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Fuel price hikes: Gov’t must act now to preserve economy – Mr Akwaboah
Former Board Chairman of the Association of Oil Marketing Companies, Henry Akwaboah says the government must address the erratic increase in the price of fuel in the country to prevent further escalation of the situation. Prices at the pumps are almost GHS8 at many fuel stations in the country after starting the year at about…
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GRA to roll out second phase of ICUMS by end of March
The Ghana Revenue Authority (GRA) has disclosed plans to roll out the second phase of the Integrated Customs Management System (ICUMS) at the ports by the end of the first quarter of this year to rake in more revenue for the country. The Integrated Customs Management System deployed in March 2020, is a single-window project…
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Gov’t urged to make Ghana a jewelry production hub in Africa
Acting Executive Vice President and Head of Gold Fields in West Africa, Joshua Mortoti has urged the government to prioritize turning Ghana into a jewellery production hub on the continent. Ghana overtook South Africa as the continent’s largest gold producer with 4.8 million ounces in 2018 and increased the production to 5.0 million ounces in…
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Poultry farmers blame reoccurrence of bird flu on delayed disinfection exercise
Members of the Greater Accra Poultry Farmers Association are blaming Ghana’s Veterinary Service for the reoccurrence of the bird flu outbreak across various regions in the country. They say the pour nature of the disinfection exercise caused the flu to affect more farms. According to the association, the veterinary service after destroying affected birds failed…
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GNPC begins stakeholder engagements ahead of decommissioning of Saltpond Oil field
The Ghana National Petroleum Corporation (GNPC) has begun a series of engagements to inform, educate and solicit feedback from stakeholders as part of plans to decommission the Saltpond Oil Field, which is also Ghana’s first oil field. A statement issued by GNPC and signed by its General Manager for Sustainability and Stakeholder Relations, Dr. Kwame…
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Tax analyst lauds GRA’s plan of taxing e-commerce, online businesses
Tax analyst, Francis Timore Boi, has lauded the Ghana Revenue Authority’s plans to begin taxing electronic commerce and online businesses. The GRA has disclosed of plans of raking in some GH¢2.7 billion from taxes as it targets betting, gaming, and e-commerce companies starting from April this year. This will mean the likes of Netflix and…
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COVID-19: Govt’s stimulus packages impacted positively on beneficiary firms – GSS Survey
Recent data from the COVID-19 Business tracker survey for wave III conducted by the Ghana Statistical Service, GSS, between 1st and 30th September 2021, has revealed an improvement in sales of some Small and Medium-sized Enterprises as a result of the government’s stimulus packages. The positive effect was evident amongst small businesses as their sales…