Category: Top Stories
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Automate IGF streams to achieve revenue target – Prof. Quartey
In order for government to achieve its set revenue target for the year 2021, it must ensure the automation of all domestic revenue mobilization streams. This is according to Professor Peter Quartey, the Head of Economics Department, Institute of Statistical, Social and Economic Research (ISSER), University of Ghana. According to him, ensuring efficiency in tax…
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Supermarkets discriminating against local egg suppliers – GAPFA
Major supermarkets in the country are being accused of putting in place discriminatory barriers that hinder the ability of local producers of eggs to have their produce on their shelves. The comments come on the back of research conducted by Konfidants, an international business advisory firm, which showed a sharp decline in Made-In-Ghana eggs on…
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Fast-track system upgrade – AGI to GRIDCo
The Association of Ghana Industries has admonished the Ghana Grid Company, (GRIDCo) to hasten its announced system upgrade to prevent any negative effect on operations of industries. Speaking to Citi Business News, Chief Executive Officer of the Association of Ghana Industries, Seth Twum Akwaboah while commending GRIDCo for announcing the upgrade timelines urged the company…
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Yet-to-be-approved taxes must have timelines – KPMG’s Anthony Sarpong
International Auditing Firm, KPMG says the yet to approved new taxes are a necessary evil as the government strives to engineer the recovery of the economy following the impact of the COVID-19 pandemic. In an interview with Citi Business News on the sidelines of a stakeholder engagement on the 2021 budget organised by KPMG, its…
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Increased manufacturing pushes PPI for February to over 10%, highest in 12 months
The average price of goods and services received by domestic producers in the country for their production activities, in the month of February went up by 10.3 percent, when compared with the prices received by the producers in February of last year. The increase in prices which brings the producer price inflation rate for February…
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PUWU urges Gov’t to support women affected by COVID-19 pandemic
The Public Utility Workers Union (PUWU), has called on government to offer specific support particularly to women whose jobs and livelihoods were affected by the COVID-19 pandemic. According to the Union, majority of women in Ghana work in the informal sector, a situation that exposed them more to COVID-19 infections, as some women in the…
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We’ll engage supermarkets to promote made in Ghana goods – Ministry of Trade
The Ministry of Trade and Industry has stated that it is taking the necessary steps to help increase the stock of various made in Ghana goods on the shelves of supermarkets in the country. This follows a recent survey by an international business advisory firm, Konfidants which revealed that only 26 percent of goods sold…
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Ken Ofori-Atta justifies proposed new taxes
The Finance Minister-designate, Ken Ofori-Atta, has justified the proposed new taxes in the 2021 budget. Osei Kyei-Mensah-Bonsu, the caretaker Finance Minister, while delivering this year’s budget statement announced moves to impose taxes on fuel, i.e. 10 pesewas per litre for diesel and petrol as Sanitation and Pollution Levy (SPL) and 20 pesewas per litre of…
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Blame recent fuel hikes on rise in world prices not new taxes – OMCs
The Association of Oil Marketing Companies (AOMC) has attributed the latest increases in prices of petroleum products to the prices and forces of demand and supply on the world market. In a statement to clarify issues on the back of the government’s newly proposed petroleum levies, the OMCs said the upward adjustment of the fuel…
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BOST targets Sahelian countries after reviving Bolga Depot
Ghana’s quest to serve as a hub for petroleum products in the sub-region received a major boost following the revival of the Bolgatanga Depot of the Bulk Oil Storage and Transportation Company Limited (BOST). The facility which has a capacity to hold about 46.5 million litres of petroleum products has been dormant since 2018 largely…