Category: Top Stories
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Printing press operators bemoan low sales; blame emergence of QR codes
Players in the printing industry have expressed their concern over a decline in sales, which they attribute to the emergence of Quick Response codes (QR codes) and the high cost of production, including utility tariffs. Accra Newtown is a hub of almost all printing demands from books, posters, invitation cards, t-shirts, branded souvenirs, banners, calendars,…
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CJ advocates for comprehensive framework to promote sustainable blue economy
Chief Justice, Getrude Torkonoo is advocating for Ghana to establish a comprehensive legal, regulatory, and institutional framework that promotes the responsible utilization of the blue economy. Emphasizing the significance of adapting to global economic changes, she highlighted the importance of implementing measures to harness the potential of the marine environment for sustainable development. She made…
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Energy Commission targets 10% integration of renewable energy into national mix by 2030
The Energy Commission is targeting a 10 percent integration of renewable energy into the national mix by the year 2030. According to the commission, though the adoption of renewable energy was gradually being integrated into households and commercial entities, strategies were being put in place to scale up the integration. Deputy Director in charge of…
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Business Community urges govt to introduce tax relief measures in mid-year budget review
Stakeholders in the business community are urging the government to introduce tax relief measures in the upcoming mid-year budget review. According to Section 28 of the Public Financial Management Act, 2016 (PFMA) Act 921, the Finance Minister, Ken Ofori-Atta, is required by law to present the mid-year budget review to Parliament “not later than six…
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Ghana seeks $2.5bn in external financing through debt restructuring
The Chief Executive Officer (CEO) of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has revealed that Ghana is set to undergo external debt restructuring, which is expected to provide financing of approximately $2.5 billion in the coming days. The announcement was made as the GIPC indicated that negotiations with key partners are nearing a…
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Agribusiness players urged to find actions to increase food production
As Africa’s net food import is projected to reach US$ 110 billion by 2030, actors within the agribusiness space are being encouraged to leverage on the Africa Continental Free Trade Area to help find urgent actions to increase food production whiles optimizing profits. According to Professor Godfred Bopkin, the growing population of the continent needs…
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GIPC CEO highlights green investments as key to attracting global attention
In a recent Economic Counselors Dialogue, the CEO of the Ghana Investment Promotion Center, Yofi Grant shed light on the declining Foreign Direct Investment (FDI) landscape in Africa, emphasizing the need for strategic shifts towards green investments. Highlighting the World Investment Report, which unveiled Africa’s decline in FDI, the CEO emphasized that Ghana must seize…
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GIPC CEO urges enhanced public-private partnerships to propel economic growth
In a bid to promote sustainable finance, attract private investment, and drive the achievement of the Sustainable Development Goals (SDGs), the CEO of the Ghana Investment Promotion Centre (GIPC), Yofi Grant emphasized the importance of fostering strong public-private partnerships during the 2023 Economic Counselors Dialogue. Mr. Yofi Grant also emphasized the importance of fostering bilateral…
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Consider tax on plastics to raise revenue – Tax consultant to gov’t
Now as government struggles to raise revenue to support the country’s economic slowdown some tax analysts want government to turn attention to taxation on single use plastics. This they believe will help in Ghana’s revenue generation while protecting the environment. In recent times, there has been a strong push for policy instruments to drive responsible…
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Société Générale Ghana records GHS 109M profit in 2022 despite DDEP impact
Société Générale Ghana Plc recorded a GHS 109 million profit after tax for the year 2022 as compared to the GHS 184 million cedis recorded in 2021. This represents a decrease in the profit margin of the bank. This comes on the back of the implementation of the Domestic Debt Exchange Programme (DDEP) by government…