Category: Top Stories
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Stakeholder engagement critical to GRA’s e-commerce taxation move – Digital Marketer
Stakeholders in the e-commerce space and a digital marketer Naasei Boadi believes it is important that the benefits players in the space stand to gain from the E-Commerce tax is clearly spelt out to ensure compliance. He argues that this would help prevent similar resistance as the e-levy is currently experiencing. Mr Boadi stressed that…
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Workers union of GACL urge new MD to desist from privatizing the company
Leadership of the workers union at the Ghana Airport Company Limited (GACL) have welcomed government’s swift appointment of Pamela Djamson-Tettey as the company’s new Managing Director. Her appointment comes after the company’s previous Managing Director, Yaw Kwakwa, submitted his resignation effective close of day February 17, 2022, according to a statement from the company. The…
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AOMCs lament constant hikes in fuel prices
The Association of Oil Marketing Companies says the constant hike in the price of fuel on the global market is taking a toll on their businesses. Speaking to Citi Business News, CEO of the Association of Oil Marketing Companies, Kwaku Agyemang Dua stated that the development has compelled OMCs to reduce their margins to stay…
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Stakeholders advocate for accelerated development through value addition of country’s resources
The Board Chairman of the Mineral Income and Investment Fund, MIIF, Professor Douglas Boateng says Ghana’s position as the largest gold producer is worthless without visible development. According to him, it is unacceptable that there is not much evidence in terms of development despite Ghana’s rich natural resources. Professor Douglas Boateng made the assertion while…
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Ghana Airports Company appoints Pamela Djamson-Tettey as new MD
The Ghana Airports Company Limited has appointed Pamela Djamson-Tettey as its new Managing Director. The company in a statement said she has over 25 years of proven track record in Senior Management, including nine years in the mining industry, nine years in the manufacturing sector and five years in the power sector. Madam Djamson-Tettey is…
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Government set to announce a gradual reversal of Benchmark Value Reduction Policy
A deputy minister for Finance, Mrs Abena Osei-Asare has hinted at a pending announcement of a roadmap for a gradual reversal of the Benchmark Value Reduction Policy. The reversal of the Benchmark value reduction policy was met with stiff resistance from the trading community who threatened an astronomical hike in the price of imported goods…
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Producer Price Inflation rises from 14.7% to 15.6% in January 2022
The year-on-year Producer Price Inflation (PPI) for all industries for the first month of 2022 has risen to 15.6 percent, up from the 14.7 percent recorded in December 2021. The rate represents a 0.9 percentage point increase in the average price of goods and services received by domestic producers in the country for their production…
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World Bank assures of increased support for climate action in developing countries
The World Bank says it will ensure that countries that want to access facilities from it from 2023 show commitment in tackling climate change as well as compliance with the Paris Agreement. This forms part of the World Bank Group’s new Climate Change Action Plan that aims to deliver record levels of climate finance to…
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Government to begin taxing online businesses by April 2022
In a frantic effort to achieve an ambitious 80.3 billion Ghana cedis tax revenue target for the year 2022 and also attain a tax to GDP ratio of up to 16.5%, the government has initiated moves to widen the tax net and broaden the tax scope. Aside from the introduction of an electronic transfers levy…
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7 state entities shortlisted to list on Ghana Stock Exchange
About seven State-Owned institutions have been shortlisted for possible listing on the Ghana Stock Exchange this year. This follows a review of the performance of these state entities, which have been making losses since 2015. Speaking during a meeting with the media in Accra, Deputy Managing Director of the Ghana Stock Exchange, Abena Amoah noted…