Category: Top Stories
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Expect about 20 pesewas increase in fuel prices soon – COPEC
The Chamber of Petroleum Consumers Ghana (COPEC) is projecting fuel prices may go up by about 20pesewas in the coming days. This development is based on a number of factors that have impacted global fuel pricing. Fuel prices currently sell at about GHS 6.6 at the pumps. But there is an expected change in the…
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Benchmark value: Give concessions to imported raw materials not items produced in Ghana – AGI
As the implementation of the reversal of discounts on Benchmark values Policy begins, the Association of Ghana Industries (AGI) is calling for a stay of execution on the reversal on raw materials which cannot be sourced locally. The government announced the decision to scrap discounts on benchmark values in the 2022 budget as part of…
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Prices to go up by 50% with reversal of benchmark values policy – GUTA
The Ghana Union of Traders Association is warning of a steep increase of about 50% in the prices of some major goods imported into the country if the Ghana Revenue Authority (GRA) goes ahead with the implementation of the government’s policy directive on the reversal of the reduction of values of imports on selected items,…
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CFA Society GH urges members to abide by code of ethics
The Chartered Financial Analyst Society Ghana is urging all players in the investment space to abide strictly by the code of ethics to avert any situation that could lead to another financial sector clean-up. The financial sector cleanup exercise which began in 2017 led to the revocation of licenses of 53 Fund Management Companies. The…
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Construction Chamber chastises stubborn contractors slowing down ongoing payment process
The Ghana Chamber of Construction Industry has described as unfortunate the unwillingness of some contractors to avail themselves to be paid by the government. At the moment, the chamber says contracts worth up to GHC 1 million that are in arrears are being paid by the government. This comes after years of calling on the…
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E-levy; Telco’s must scrap charges on transfers ahead of implementation – Dr Ampaabeng
As the conversation of the electronic transaction levy continues to hang in the balance in parliament, Tax consultant, Dr Alex Ampaabeng is proposing the scrapping of charges on all mobile money transactions. Dr Ampaabeng believes the removal of the charges by telcos will make the implementation of the levy by the government less burdensome for…
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More infrastructure needed to satisfy growing data demand in Ghana – MTN CEO
Chief Executive Officer of MTN Ghana, Selorm Adadevoh has reiterated the need for the telecommunication industry to improve the current infrastructure base for internet data to ensure they meet the data demands of their customers. According to a recent Fitch Solutions report, Ghana’s telecommunication industry is said to be one of the fastest-growing in Africa…
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Demand for made-in-Ghana handicraft increases
The industrial art and craft sub-sector contributed a total of $30,630,413 (1.08 per cent) of Ghana’s non-traditional exports (NTEs) earnings in 2020, the report on ‘Analysis of Non-Traditional Export Statistics’ has revealed. The figure indicates an increase of 110.88 per cent from $14,524,610 in 2019, and it is attributed to the increasing demand for made-in-Ghana…
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BoG responds to Togbe Afede XIV on High Interest Rates in Ghana
The Bank of Ghana’s attention has been drawn to a recent article published on JOY FM online platform (myjoyonline.com) with the caption: “Bank of Ghana has lost focus”, and which has since been republished by other media houses and circulated widely on social media. In the said article, Togbe Afede XIV is reported to have…
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American Chamber of Commerce assures of more collaborations between Ghana and USA to boost trade
As the first year of the implementation of the African Continental Free Trade Area (AfCFTA) comes to an end, the United States Ambassador to Ghana, Stephanie Sullivan, has assured of deepened trade relations between Ghanaian and American businesses to enhance their activities and capture new foreign direct investment. According to the Chamber, Ghana’s political stability,…