Category: Top Stories
-
Peasant farmers petition Minority over challenges of local rice industry
The Peasant Farmers Association and the Rice Farmers Association have petitioned the Minority in Parliament over the state of the local rice industry. According to the Executive Director of the Peasant Farmers Association, Dr. Charles Nyaaba, the reduction in benchmark values on imported goods is serving as an indirect subsidy for imported rice which is…
-
Clement Akapame, Lom Ahlijah launch book titled ‘Commercial Law In Ghana – Sourcebook’
A book providing Ghanaian literature on Commercial Law has been launched at the Ghana Institute of Management and Public Administration (GIMPA). The book “Commercial Law In Ghana – Sourcebook,” was written by private legal practitioners Clement Akapame and Lom Nuku Ahlijah and launched on Thursday 3rd February 2022. The 424-page hardcover book, written as a…
-
AZA Finance assures of increased collaborations with Fintech companies to ensure growth under AfCFTA
AZA Finance has assured of increased collaborations and support for companies within Ghana’s financial and fintech ecosystem to grow and take full advantage of the Africa Continental Free Trade Agreement (AfCFTA). This comes on the back of the recently launched Pan-African Payments and Settlement System – a revolutionary Financial Market Infrastructure to enable instant, cross-border…
-
GRA readies itself for implementation of e-levy ahead of Parliamentary approval
The Ghana Revenue Authority (GRA) has begun preparations towards the implementation of the yet-to-be approved electronic transfer levy. Although the bill for the controversial levy is still under consideration in Parliament, a letter signed by the Commissioner-General of the Authority hints that the revenue collection entity is already developing a monitoring platform for the full…
-
Private management of national airline critical for its success – Daniel Mckorley
Executive Chairman of embattled McDan Aviation, Daniel Mckorley is calling for private management of the proposed national airline if it is to succeed this time around. President Nana Akufo-Addo in his 2021 State of The Nation address, stated that Cabinet had granted policy approval for the establishment of a National Flag Carrier or Home Based…
-
Banks likely to give more loans if Ghana card policy takes effect – Bankers Assoc.
The Ghana Association of Bankers, says it is confident banks will be willing to give out more loans after the Ghana Card becomes the only card accepted for all financial transactions. The Bank of Ghana has directed all licensed and regulated financial institutions under the central bank, to accept only the Ghana Card for transactions…
-
PMMC appeals for gov’t support to settle its GH¢65 million debt
The Precious Minerals Marketing Company (PMMC) Limited, is calling for government support to settle a legacy debt of over GH¢65 million. The company owes some four banks, and the debt has accrued over a ten-year period. The revelation comes after the 2020 Auditor General’s report, revealed that losses posted by state enterprises and specified entities…
-
Seth Terkper advises against e-levy; urges government to run to IMF
A former Finance Minister, Seth Terkper, is asking the government to heed to calls by stakeholders to return to the International Monetary Fund (IMF) to finance the country’s deficit instead of taxing Ghanaians through the electronic transfer levy. Mr. Terkper who has already registered his opposition to the idea of the e-levy, believes the government…
-
AfCFTA members conclude negotiations on rules of origin to enhance free trade
Member states of the African Continental Free Trade Area (AfCFTA) have concluded their negotiations on the rules of origin, a move expected to further reduce tariffs on original goods produced within the African continent. This was disclosed by the Chairperson of the African Union Ministers of Trade, Ebrahim Patel. Although trading under the African Continental…
-
McDan suspends private jet operations; asks for guidance and further talks
McDan Aviation has announced the suspension of its private jet operations at the Terminal 1 of the Kotoka International Airport. This is to enable the management of McDan Aviation to hold talks with the Ghana Airport Company Limited (GACL) over contentions regarding operational procedures. In a letter sighted by Citi Business News dated January 31,…