Category: Top Stories
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GRA sensitizes stakeholders on simplified tax laws
The Ghana Revenue Authority (GRA) has begun a nationwide sensitization of stakeholders on its simplified tax laws aimed at boosting compliance. The Authority abridged the tax laws with the support of the German Development Agency (GIZ) to make them user-friendly and easily accessible to taxpayers and to increase taxpayer understanding of the legal framework for…
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Ghanaian cashew farmers leverage technology to attract better prices
An increasing number of Ghanaian smallholder cashew farmers are getting better prices on their harvests, and reducing their operations expenses, thanks to the continued rollout of a smartphone app that gives them direct access to Olam Food Ingredients in Ghana. The app empowers farmers to get prices directly from the company rather than from traditional…
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Ghana’s oil industry must avoid pitfalls Nigeria encountered to thrive – Extractives analyst
A professor in environment and development at the University of Reading Chukwumerije Okereke has reiterated the need for managers of Ghana’s Oil and Gas resources to avoid making the same mistakes Nigeria has made with its vast oil resources. The comment was made during a panel discussion on the plans of African governments’ on climate…
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Customers of Blackshield Fund Management Company receive bailout text messages
Some customers of Blackshield Fund Management Company have started receiving text messages from the Securities and Exchange Commission (SEC) for them to get part of their locked up monies paid. SEC explained that the Commission started transmitting the text messages to the customers from Friday, November 20, 2020. The Commission said there were six steps…
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AfCFTA Secretariat rolls out ‘Vision’ initiative backed by Super-App
The Africa Continental Free Trade Area (AfCFTA) Secretariat has launched a new initiative known as the AfCFTA Vision which is purposed to bring together financial institutions to share knowledge on how to implement the trade agreement in 2021. The initiative, which is in partnership with the Sankoree Institute, an affiliate of AfroChampions, comes barely two…
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Telecoms sector paid over GH¢3.2 billion in taxes in 2019 – Report
Findings from a Total Tax Contribution (TTC) survey by the Ghana Chamber of Telecommunications has brought to light the significant contribution of the telecommunication sector towards Ghana’s socioeconomic development. According to the data, the sector’s total taxes and payments to government amounted to over GH¢3.2 billion in 2019. This figure represents approximately 9.5 percent of…
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Stakeholders question impact of high interest rates on local businesses
Industry stakeholders have questioned the ability of Ghanaian businesses to remain competitive in the era of the African Continental Free Trade Area, following the maintenance of the Monetary Policy Rate by the Bank of Ghana for the 4th consecutive time at 14.5 percent. The reduction in the rate, which determines the percentage at which the…
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Engineers & Planners expresses interest to acquire shares in Cardinal Resources Limited
Ghanaian owned business, Engineers & Planners has expressed interest to acquire shares in Cardinal Resources Limited. Cardinal Resources Limited (ASX/TSX: CDV) is a West African gold‐focused exploration and development Company that holds interests in tenements within Ghana, West Africa. In a press release on November 24, 2020, Engineers & Planners said it intends to takeover…
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Ghana can’t industrialise with green energy – GAEC’s Dr. Seth Debrah
Even though there have been a lot of calls for Ghana to switch to renewable energy, not everybody thinks it’s the way to go for the country’s industrialisation agenda. Acting Director of the Nuclear Power Institute at the Ghana Atomic Energy Commission (GAEC), Dr Seth Kofi Debrah, is one of such people. He says renewable…
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Extend operational hours of Kumasi Airport to maximise facility – Aviation analyst
Aviation analyst, Sean Mendis says beyond the expansion of the Kumasi Airport to international status, efforts have to be made to properly manage and utilize the facility to full capacity. According to him measures also have to be made to increase operational hours of the airport. He stated that, “While Ghana has made investments in…