Category: Top Stories
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Resumption of Twitter Nigeria operations likely to undermine Africa office in Ghana – Digital Marketer
After a 7-month ban in Nigeria, Twitter has finally agreed to register in the country and pay local taxes. Nigeria suspended the social media firm last June after it deleted a tweet by President Muhammadu Buhari. But what does this development mean for Ghana as it was earlier announced as the headquarters of Twitter’s operation…
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Ghana lost $8 billion in undervaluation of gold exports between 2011 and 2017 – ISSER
The Institute of Statistical, Social and Economic Research says Ghana lost about 8 billion dollars between 2011-2017 in taxes due to the undervaluation of gold exports in the country. This was revealed in recent research work by the centre themed curbing Commodity-Trade related illicit financial flows, Policy options for Ghana. ISSER believes that the government…
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Use brokers when purchasing insurance policy -IBAG President urges public
The newly sworn-in President of the Insurance Brokers Association of Ghana (IBAG), Shaibu Ali, is urging the public to deal with insurance brokers rather than directly with insurance firms. According to him Insurance Brokers are trained personnel who can recommend ideal insurance packages for their clients and work to protect their interests. He stated that…
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Cedi depreciation pushes debt to almost GH¢345 billion in Nov; 78.4% of GDP
Latest data put out by the Bank of Ghana puts Ghana’s total public debt stock, as of November 2021, at US$ 58.2 billion or GH¢344.5 billion. In Cedi terms, the total debt stock increased marginally from GH¢341.8 billion in September by about GH¢3 billion to the GH¢344.5 recorded in November. In Dollar terms however the…
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Expect another fuel price hike in February – IES
The Institute for Energy Security (IES) is projecting a further increase in the prices of Liquefied Petroleum Gas (LPG), Diesel, and Petrol at various pumps across the country, over the next two weeks. According to the Institute for Energy Security, this is in spite of the suspension of the Price Stabilization and Recovery Levy (PSRL).…
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Poultry farmers yet to be compensated despite GH¢44M allocation to fight bird flu
Poultry Framers say they are yet to receive compensation for the outbreak of bird flu that hit the country sometime in July 2021. The ministry of Agric last year announced the government will compensate affected farmers by partially covering the losses of farmers whose activities have been affected by the disease. The government on the…
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Too many tax policy inconsistencies worrying – Tax Analyst
Tax Analyst, Francis Timore Boi has bemoaned the trend of tax policy inconsistencies from the government. According to him, the regular announcement of tax policies followed by a withdrawal of same isn’t good for the government. Since 2017 till date the government has made major U-turns in connection with some key policy proposals, including the…
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Stop posting losses and improve performance – Akufo-Addo charges SOEs
President Akufo-Addo has charged heads of state institutions and specified entities in the country to put an end to the phenomenon of posting losses annually and to work towards become profitable institutions. Losses posted by state enterprises and specified entities in the country between 2018 and 2019 rose by 200% percent according to the 2020…
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1.75% E-Levy is lowest tax in Ghana – Ursula
Communications and Digitalisation Minister, Ursula Owusu Ekuful believes the 1.75 percent tax on electronic financial transactions, also known as the E-Levy when compared to other taxes introduced in Ghana, is the lowest so far. She made this claim during the maiden edition of government’s town hall meeting on E-Levy held on Thursday, January 27th at…
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World Bank urges Ghana gov’t to take steps to stabilise its economy
The World Bank has charged the government of Ghana to prioritise the development of a roadmap that will return the country to a state of economic equilibrium that is credible in the eyes of stakeholders. Ghana’s public debt has increased from GH¢ 299.1 billion at the end of 2020 to GH¢344.5 billion as at end…