Category: Top Stories
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Ghana needs a comprehensive digital regulatory framework – TechGulf CEO
Franklin Asare, CEO of TechGulf, has highlighted the crucial need for a strong digital regulatory framework in Ghana to strengthen the country’s digital economy. Speaking at the inaugural Citi Business Festival Forum on Citi TV, themed ‘Reimagining the Digital Economy,’ Asare, previously the Country Director for Oracle Corporation, emphasized the importance of implementing regulatory measures…
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Citi Business Festival: Forum on Digital Economy comes off today
The first forum of the Citi Business Festival 2023 will be held today, Tuesday, June 6, 2023, on the topic, ‘Reimagining the Digital Economy.’ Today’s live TV forum will focus on reimagining the digital economy as seasoned panelists explore the possibilities for businesses in the fourth industrial revolution. The two-hour in-depth conversation will be heavy…
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Re-consider computation of VAT for local industries- AGI tells govt
Government is being urged to reconsider its current calculation of Value Added Tax (VAT) on indigenous companies whose annual revenue exceed GHS 500,000 per annum to reduce the economic burden on local industries. According to the Association of Ghana Industries per the current calculations of VAT of 15% and the summation of the COVID levy,…
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IMF proposes acquisition, mergers of banks to mitigate financial sector instability
The International Monetary Fund (IMF) is asking government to consider a possible acquisition and mergers of banks and other non-bank financial instructions as part of moves to mitigate the country’s financial sector shocks. Under its risk assessment matrix, the IMF in its latest country report in Ghana in said these proposals if adopted will among…
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Five financial bills to be laid before Parliament as MPs return today
The Revenue Administration Regulations, 2023, along with several other financial bills are to be laid before Parliament as the House reconvenes today, Tuesday, June 6. The other Bills are the Customs (Amendment) Act, Income Tax (Amendment) Regulations, VAT (Amendment) Regulations, and the Insurance Regulations, 2023. These were revealed by the Member of Parliament for Nsawam…
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Register for VAT or face additional 12.5% charges – GRA to importers
The Ghana Revenue Authority (GRA) has issued a stern warning to importers who are eligible to register for Value Added Tax (VAT) but have failed to do so. Effective June 6, 2023, these importers will face an additional charge of 12.5% on the customs value of taxable goods they import. This development comes in light…
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Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO
There is a strong push for businesses to leverage digital technologies to conduct business. Beyond using the internet for buying and selling, marketing, and other activities, optimal utilization of the necessary tech tools in the face of the growing digital economy will improve business operations. This was the central theme of the June 5 edition…
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Citi Business Festival enters week one; focuses on Digital Economy
The programmes lined-up for the 2023 edition of the Citi Business Festival being organized by Citi TV/Citi FM will begin today, Monday, June 5, 2023. The first week delves into the ‘The Digital Economy’ with the first episode of the radio series airing later today. It will feature, Franklin Asare, Chief Executive Officer of Tech Gulf…
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Re-establishing national airline critical to reducing forex loss – Former Civil Aviation Boss
A Former Director General of the Ghana Civil Aviation Authority, Wing Commander Andy Mensah Retired has reiterated calls for the country to fast-track processes of re-establishing an indigenous commercial airline. He explains that an indigenous airline will reduce the incidence of transferring traveling traffics to other destinations which reduces the inflow of the forex into…
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Ghana’s unsustainable debt largely attributed to Energy Sector – World Bank Rep
Pierre Frank Laporte, the World Bank (WB) Country Director to Ghana, says Ghana’s energy sector debt is a major contributor to the country’s debt woes. In an interview monitored by GNA, the country director indicated that his outfit had identified certain factors that were driving the country’s debt situations. According to Mr Laporte, one of…