Category: Top Stories
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Hotels record low patronage amid Easter festivities
The fortunes of most hotels across the country are yet to turn for the better this year as the Ghana Hotels Association says business continued to be slow for its members during the Easter festivities. The tourism and hospitality industry has been one of the worst-hit since the outbreak of the COVID-19 pandemic. However, the…
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Profits of leading banks increased in 2020 despite COVID-19 outbreak
Data from the financial statements of some leading banks in the country for the year ended 2020, shows increases in profits for some and some declines for others. This can be gleaned from the Summary Statements of Comprehensive Incomes of 10 of Ghana’s top banks during a year in which COVID-19 ravaged all aspects of…
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Replacing TIN with Ghana card won’t automatically increase revenue – Tax Analyst
A tax analyst, Francis Timore Boi says the replacement of the TIN with the Ghana Card for tax identification purposes by the Ghana Revenue Authority, will not immediately or necessarily result in the exponential growth in the country’s internally generated revenue. According to him, the growth will depend on how the Ghana Revenue Authority fully…
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We’ll establish national housing authority soon – Asenso-Boakye
As part of efforts to address the housing deficit in the country, the government says processes are underway for the establishment of a National Housing Authority. The authority will regulate the acquisition of housing units in the country. This was revealed by the Minister for Works and Housing, Francis Asenso-Boakye during an inspection of some…
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FDA deploys team to markets to prevent sale of fish washed ashore at Osu
The Food and Drugs Authority (FDA) has dispatched an inspection team to markets in parts of the capital, Accra following the washing ashore of some fish at the Osu Castle beach. The team has been sent to monitor the Osu Mandela market in the Korle-Klottey municipality, in particular. This move, according to the FDA is…
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FDA warns against consumption of washed-ashore fish as lab investigations begin
The Food and Drugs Authority (FDA) has warned the public against consuming any suspicious fish following reports that the fish washed ashore at the Osu Castle beach may have been sent to various markets. According to the Authority, it has also begun laboratory investigations to ascertain whether such fish are good for consumption or not.…
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BoG releases list of approved e-money issuers, payment service providers
The Bank of Ghana (BoG) has released the list of regulated companies approved to operate as electronic money issuers and payment service providers for business transactions in the country. They include five dedicated electronic money issuers and 21 payment service providers. This follows the passage of the Payment Systems and Services Act, 2019 (Act 987)…
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Ghana Card to replace TIN from today
Effective April 1, 2021, the Ghana Revenue Authority (GRA) will convert all National Identification numbers into Tax Identification Numbers (TIN). This forms part of efforts to identify and rope in more eligible taxpayers, especially those in the informal sector and enable organizations to easily share important data with the Authority. President Nana Addo Dankwa Akufo-Addo…
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Woodfields Energy denies withholding payments to TOR
Woodfields Energy Resources Limited, an indigenous Ghanaian petroleum company, has refuted claims of its indebtedness to the Tema Oil Refinery (TOR) to the tune of five million dollars. According to the company, they have honoured all their payment obligations for processing fees to TOR and is not indebted to the refinery for any processing fee…
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Poultry farmers welcome government’s plan to industrialize Kumasi
The Greater Accra Poultry Farmers Association has lauded government’s plan to turn the Ashanti Region into the second industrial city of Ghana. The Association however believes it can only benefit from the move only with the establishment of industries that rely on some of the products its members produce. In an interview with Citi Business…