Category: Top Stories
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Gov’t must use revenue raised from Price Stabilisation and Recovery Levy to mitigate hike in fuel prices – Akwaboah
As the price of fuel at the pump continues to rise, a former board chairman of the Association of Oil Marketing Companies, Henry Akwaboah, says the government must begin drawing from the Price Stabilisation and Recovery Levy account to help reduce the impact of the rampant increase on consumers. He said he “thinks that all…
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2022 budget reading rescheduled to November 17
The date for the 2022 Budget Statement and Economic Policy of government presentation has been rescheduled from the 15th of November to the 17th of November 2021. This is according to the Second Deputy Speaker of Parliament, Andrew Asiamah Amoako. “Parliament is engaged in another equally important assignment on 15th of November and therefore, the…
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We won’t accept contributions from persons without Ghana cards from January 2022 – SSNIT
The Social Security and National Insurance Trust (SSNIT) says employers who submit contributions reports for employees without Ghana card numbers from next year risk attracting sanctions. According to SSNIT such reports submitted at its offices from the 2nd of January 2022 will be rejected and employers could suffer penalties on such contributions if they are…
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2022 budget: Replace ‘nuisance’ taxes with productive levies – Prof. Quartey
Ahead of the presentation of the 2022 budget, the Director of the Institute of Statistical Social and Economic Research (ISSER), Professor Peter Quartey, is calling for the scrapping of some nuisance taxes introduced in the previous budget. Professor Peter Quartey believes some of the taxes introduced did not live up to expectations with respect to…
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Government pledges to boost SME sector through strategic partnerships
The Ministry of Trade and Industry has pledged to strengthen partnership with the private sector to grow Ghana’s Small and Medium-sized Enterprises (SMEs) sector, which remains vital to the country’s economic outlook. A Deputy Minister for Trade and Industry, Nana Ama Dokua Asiamah Adjei, speaking during the launch of the ACET Business Transform which aims…
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First Ghanaian-owned and Ghanaian-flagged marine vessel arrives
Tullow Ghana says it has taken delivery of the MV Flat Confidence following the successful Offshore Vessel Inspection Database (OVID) testing on November 5, 2021. The MV Flat Confidence vessel is the first Ghanaian-owned, Ghanaian-flagged marine vessel to support offshore activities in the oil and gas industry in Ghana. The MV Flat Confidence was acquired…
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Some transport operators threaten to withhold their services from Thursday Nov. 11
The Concerned Drivers Association with support from other stakeholders including the Tipper truck drivers Association and the Okada Riders Association are threatening to park their vehicles and motorbikes from 3pm on Thursday, November 11, 2021, if they do not get a favourable response from the government, concerning their request for some taxes and levies in…
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GIPC and UNDP engage stakeholders on SDG Investor Map Utilisation
The Ghana Investment Promotion Centre (GIPC), in collaboration with the United Nations Development Programme (UNDP), held its first breakfast meeting on the Sustainable Development Goals (SDGs) Investor Map utilization, with the goal of channelling investments into major investment opportunity areas identified in the SDG Investor Map for Ghana. The SDG Investor Map which was initiated…
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Ghana won’t return to IMF for financial support – Ofori-Atta reiterates
Finance Minister, Ken Ofori-Atta has downplayed reports that government is considering the option of returning to the International Monetary Fund, IMF, for some financial support to help stabilize the economy. Some economists and finance professionals have already predicted that the country will secure a program from the fund to help deal with the current revenue…
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Dr. Ernest Addison calls for integrated approach to improve intra-African payments
Governor of the Bank of Ghana, Dr. Ernest Addison has called for a multidimensional integrated solutions approach to tackle the inherent frictions in cross-border payments in Africa. According to the World Economic Forum, payments which have always been the lifeblood of trade will be key for intra-African trade, which covers 55 countries with varying financial…