Category: Top Stories
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Stakeholders call for effective corporate governance structures to develop organizations
The institution of strong corporate governance structures has been highlighted as one of the many critical things that need to be in place to ensure the success and longevity of Ghana’s banking industry and other industries and businesses. According to these stakeholders, the recent default of banks, subsequent financial sector reforms, and collapse of many…
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GSE to soon create credit rating agency for listed firms
As part of efforts to boost the credibility of the stock market, the Ghana Stock Exchange will soon conclude processes for the establishment of an investor credit rating agency for players on the market. According to the managers of the local bourse, the domestic credit rating agency, which will be created by the end of…
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Ghana still working to improve local content in Oil & Gas industry- Akufo-Addo
President Akufo-Addo says Ghana is still struggling to get more local companies to participate in the oil and gas industry years after laws allowing local content were enacted. The President was speaking at this year’s International Energy Conference and Expo in Guayana. Ghana’s local content policy underpinned by L.I 2204, is geared towards a progressive…
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GREDA asks for tax rebates to build 20,000 housing units a year
The Ghana Real Estate Developers’ Association (GREDA), has called on the government to grant tax rebates to its members to enable them build enough affordable housing units in the country. President Nana Addo Dankwa Akufo-Addo back in April 2019, charged GREDA to develop a proposal to build 20,000 housing units a year to help deal…
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GRA to engage importers and exporters over amended VAT structure
The Ghana Revenue Authority (GRA) has responded to concerns raised by the Importers and Exporters Association of Ghana over a possible 12 percent increase in the prices of some commodities should it go ahead to implement the amended Value Added Tax (VAT) rate. According to the importers and exporters association, the amendment of the VAT …
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Economist urges government to address disparity in interbank and forex retail rates
The government will have to work harder to improve upon the credibility of the country’s fiscal regime in order to attract more foreign exchange into the country. This is according to an economist with DataBank, Courage Boti. Currently, analysts are concerned that speculations relating to the government’s handling of its debt and its ability to…
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Acquisition processes for AirtelTigo by gov’t to be concluded soon – Ursula
Communications and Digitalization Minister, Ursula Owusu-Ekuful, has disclosed that government is at the advanced stages of closing the deal for the acquisition of telecommunication company, AirtelTigo. She says the state is also finalizing processes in compliance with all requirements of the agreements explaining that these requirements will be fulfilled before the end of the current…
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Global advocacy group demands establishment of mechanism to check deforestation in cocoa sector
Right based campaign and advocacy organization, EcoCare Ghana, is asking chocolate companies, cocoa traders and the government to collaborate to establish a joint deforestation monitoring mechanism to check forest encroachment and illegal cocoa farming. This call comes on the back of data analysis by a global advocacy organization, Mighty Earth, which reveals that Ghana and…
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Elsie Addo Awadzi reappointed Second Deputy BoG Governor
The President, Nana Addo Dankwa Akufo-Addo has reappointed Second Deputy Governor of Bank of Ghana, Mrs. Elsie Addo Awadzi, for a second term with effective 14th February 2022. Mrs. Addo Awadzi has over 25 years of professional experience working in various capacities in Ghana and internationally in law, finance, policy and regulatory reforms, financial sector…
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Fuel prices to go up again by about 30 pesewas – COPEC
As fuel prices continue to hike, consumers may have to brace themselves for more shocks in the next couple of days. The Chamber of Petroleum Consumers Ghana (COPEC) is forecasting fuel prices could go up by up to 30 pesewas soon. Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPEC), Duncan Amoah said in…