Category: Top Stories
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2022 budget: high lending rates in the country must be addressed- TAGG
Ahead of the 2022 budget presentation later this month, the Traders Advocacy Group Ghana (TAGG) is calling on the government to address the issue of the high cost of lending in the country. President of the Traders Advocacy Group Ghana (TAGG) David Amoateng indicated that addressing this concern is imperative as businesses continue to deal…
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PRMA must be reviewed to restrict government’s use of oil money – Dr. Antwi
The Vice Dean of the School of Graduate Studies at the University of Professional Studies, Accra, Dr Samuel Antwi is calling for a review of the Petroleum Revenue Management Act (PRMA) to further regulate the government’s expenditure of funds generated from the sale of the country’s oil. He argued that the government under the current…
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2022 budget must make provision for payment of debts owed contractors – Construction Chamber
Barely a day to the presentation of the 2022 Budget Statement and Economic Policy, the Ghana Chamber of Construction Industry, is urging the government to ensure that plans for the settlement of debts owed its members as far back as 2016 are captured in the policy document. The chamber argues that the delayed payments adversely…
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Abena Osei-Poku appointed as new chairperson of Ghana Stock Exchange council
The Ghana Stock Exchange (GSE) Council has appointed Abena Osei-Poku as the Chairperson of the Council effective October 14, 2021. She is the second female in twenty-six years to become the Chairperson of the Exchange after Mrs. Gloria Nikoi of blessed memory. Abena Osei-Poku takes over from Mr. Ray Anselm Sowah, whose tenure ended at…
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2022 Budget: Gov’t tasked to check policies that hinder growth of small businesses
Calls for government to take steps at addressing fundamental challenges facing in various sectors of the economy keep intensifying as Finance Minister, Ken Ofori-Atta, prepares to present the 2022 Budget statement. Businesses in the Small and Medium-sized Enterprise (SME) industry for instance are charging the government to review regulations that hinder the growth of small…
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GUTA calls on members to reject plans to reverse 50% benchmark value reduction policy
The leadership of the Ghana Union of Traders Associations (GUTA) has asked its members to reject plans to reverse the benchmark value reduction policy. This follows a communique sighted from the Ghana Revenue Authority which indicated the intended cancellation of the discounts on Benchmark Values for vehicles and general goods from the 15th of November…
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COCOBOD CEO confident cocoa production will hit 1.5m metric tonnes soon
CEO of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo has announced that the ongoing rehabilitation of all areas which have been affected by the cocoa swollen shoot virus disease will increase cocoa production to 1.5 million tonnes in the medium term. Speaking at the Netherland Embassy’s Orange Cocoa Day event to highlight and garner…
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Reversal of 50% benchmark value policy commences on November 15
Effective Monday, November 15, revised selected items cease to enjoy 30% and 50% discount on benchmark or invoices for vehicle and general goods. The items include, sugar, noodles, palm oil, roofing sheets, toilet paper, facial tissue and towel, chocolates, Portland cement, clinker and mosquito coil. Other items also include vehicles, ceramic tiles, aluminum products, cartons,…
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2022 Budget: Gov’t urged to institute measures to block tax revenue leakages
Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye is asking the government to adopt pragmatic measures in the 2022 budget to seal all loopholes in Ghana’s tax system to rake in more revenue for development. Ghana loses a substantial amount of revenue annually through illicit financial flows such as trade…
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2022 budget: Stakeholders in manufacturing sector demand policies for stable economy
On November 17, the Finance Minister, Ken Ofori-Atta, is expected to present the budget statement for the 2022 fiscal year. Ahead of this presentation, stakeholders are hopeful that issues such as Ghana’s debt sustainability, illicit financial flows, unemployment, reduction of the revenue and expenditure gap, and many others will be addressed. Managing Director of fast…