Category: Top Stories
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Government must tackle tax evasion to boost revenue – AOMCs
The Association of Oil Marketing Companies believes government may not have to introduce new taxes on petroleum products if steps are taken to address the issue of tax evasion. A recent report by the Chamber of Bulk Oil Distributors (CBOD) revealed that Ghana lost GH₵1.9 billion to tax evasion in 2019. Speaking to Citi Business…
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Value of MoMo transactions shoots up by over 120% in a year – BoG
The value of mobile money transactions has more than doubled in the last twelve months, according to the Bank of Ghana. The total value shot up by over 120 percent from February 2020 to February 2021. On a monthly basis, the value of transactions from January to February saw a minimal increase of about 1…
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Don’t retaliate over British Airways route change – Government advised
Government has been advised against taking any reciprocal action against British Airways in response to the expected rerouting of London-Accra-London flights from the London Heathrow Airport to the London Gatwick Airport. Earlier this year, British Airways announced it was shelving its decision to operate its Ghana Services from the Gatwick Airport for passengers travelling on…
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Eliminate delays in public service delivery to curb corruption – GII and PEF
The fight against administrative corruption will be a mirage unless it is targeted at eliminating unnecessary delays in the provision of public services. This is part of recommendations made in a report put together by the Ghana Integrity Initiative and the Private Enterprises Federation on using service delivery charters to promote service integrity in Ghana.…
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Policy rate may not change anytime soon – Economist
The monetary policy rate has once again been maintained at 14.5% by the Monetary Policy Committee of Bank of Ghana. This marks the 6th time in the past 12 months that the figure which signals the rate at which the Central Bank will lend to commercial banks has been maintained. In the statement issued by…
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Government’s proposed Housing Authority must be run by technocrats – GREDA
The Ghana Real Estate Developers Association is calling for the government to speed up the establishment of the proposed Ghana Housing Authority. The Association however believes that ensuring the authority is ran by technocrats and industry players who understand the country’s housing sector is key to ensuring it remains relevant in addressing the country’s housing…
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BoG maintains policy rate for 6th time over short-term inflationary pressures
The Monetary Policy Committee of the Bank of Ghana after meeting last week and reviewing recent global and domestic developments, including the outlook for the Ghanaian economy has decided to maintain the policy rate for the 6th consecutive time at 14.5 percent. The maintenance of the policy rate which is of keen interest to businesses,…
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Retirees petition CLOGSAG over payment of past credits by SSNIT
Some retirees have petitioned the Civil and Local Government Staff Association (CLOGSAG) against what they fear are attempts by the Social Security and National Insurance Trust (SSNIT) to short change them. They are accusing SSNIT of luring them to sign acceptance forms for their benefits when there are ongoing negotiations on the payment of past…
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Parliament’s Mines, Energy and Finance committees must review fuel taxes – COPEC
The Chamber of Petroleum Consumers (COPEC), is calling on Parliament’s Mines and Energy and Finance Committees to review the government’s proposal of a new petroleum tax. Following the passage of the 2021 budget, the various committees in Parliament are set to debate aspects of its appropriations to the sectors. Meanwhile, speaking to the Citi Business…
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Claims we spent GHS1.7 billion on COVID-19 inaccurate – Government
The government has clarified that it spent GHS19 billion on the COVID-19 pandemic contrary to media reports. This follows publications by some local media houses as well as a post by Member of Parliament for Yapei Kusawgu, John Jinapor, that per the 2021 budget statement, only GHS1.7 billion of the allocated GHS19 billion for issues…