Category: Top Stories
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Government’s new tax policies to take effect from May 1
The implementation of the new tax policies announced in the 2021 budget statement and duly approved by Parliament will take effect from May 1, 2021. The implementation date was announced in a statement issued by the Ghana Revenue Authority (GRA) on April 20, 2021. According to the government the implementation of the new taxes which include…
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We’re rightful owners of GICEL’s estate land at New Weija – SSNIT
The Social Security and National Insurance Trust (SSNIT) has insisted that it owns properties at the light industrial estates located at New Weija in Accra contrary to claims by the Ghana National Association of Garages (GNAG). According to SSNIT, it owns the estate through its subsidiary, the Ghana Industrial and Commercial Estate Limited (GICEL), explaining…
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Daniel Mminele steps down as Absa Group Chief Executive
The Absa Group Board and the Group Chief Executive, Daniel Mminele, have come to an agreement pursuant to which he has stepped down as a Director and Group Chief Executive, and will be leaving the group with effect from 30 April 2021. The parties have not managed to achieve alignment in relation to the group’s…
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China exporting cocoa is a cause for concern – COCOBOD
The Ghana COCOBOD says China’s recent export of cocoa raises some concerns for the future of the sector in Ghana. The Asian country is reported to have exported to Belgium its first batch of cocoa beans weighing 500 kg worth about $3,600. In an interview with Citi Business News, the Public Affairs Manager of COCOBOD,…
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Tackle money laundering in real estate sector – GREDA to government
The Executive Secretary of the Ghana Real Estate Developers Association (GREDA) Samuel Amegayibor, has urged the government to adopt new and modern ways of fighting illicit money transfer in the real estate sector. According to him, money laundering, which is gradually creeping into the sector will drive away foreign investments if not checked. In an…
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Ghana’s 77th passport position warrants more visa-free treaties – Aviation analyst
Aviation analyst, Sean Mendis, has attributed Ghana’s 77th passport ranking to its relationship with other African countries. According to Mr. Mendis, unlike other European countries, African countries remain at a lower ranking as they still haven’t signed enough treaties with their neighbours to allow for free entry without a visa by its citizens. “I think…
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New tax court not enough, more needs to be done – Tax Analyst
Government has been urged to complement the expected establishment of a tax court with other reforms to ensure the many tax issues the country continues to deal with, are addressed. The Chief Justice, His Lordship Kwasi Anin Yeboah in a letter to the Ghana Bar Association on Friday, revealed that the Judicial Service is preparing…
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Ghana’s manufacturing sector contracted by 14% in second quarter of 2020 – World Bank
Ghana’s manufacturing sector declined by 14.3% in the second quarter of 2020 as a result of the economic shocks of the coronavirus pandemic. This is according to a report by the World Bank titled, Ghana’s Economic Update: Structural Transformation and Labor Market Performance, Challenges and Opportunities. “The manufacturing sub-sector was heavily affected by the disruption…
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AfCFTA: More efforts needed to drive private sector participation – Ahomka-Lindsay
A former deputy Minister of Trade and Industry, Robert Ahomka-Lindsay says if more is not done to drive private sector participation in the African Continental Free Trade Area (AfCFTA), Ghanaian businesses will gain little from the continent-wide agreement. According to him, no matter how well-grounded the AfCFTA objectives are, they will remain elusive if businesses…
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Ghana-Canada pursue improved trade relations
The Minister for Trade and Industry, Alan John Kyerematen, has advocated for increased trade relations between Ghana and Canada to improve the trade volumes between the two countries. Ghana and Canada have enjoyed close bilateral relations for over a century with relations covering high levels of cooperation in trade, investments and development. Also, trade between…