Category: Top Stories
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Ghana losing its agric credential – Prof Bokpin bemoans
A lecturer at the University of Ghana Business School, Professor Godfred Bokpin, has bemoaned the neglect of the agricultural sector which used to be the bedrock of the nation’s economy. He explains that the service sector is being given prominence over the agricultural sector. This he argues spells doom for the country as most of…
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We’re committed to deepening collaborations with DBG to achieve its mandate — CBG MD
The Managing Director of Consolidated Bank Ghana Ltd. (CBG), Daniel Wilson Addo, has stated that his outfit is committed to deepening collaborations with Development Bank Ghana (DBG) to facilitate and strengthen long-term credit flow to drive economic growth among Ghanaian businesses. Commenting on the importance of the partnership, Mr. Addo said, “DBG has a big…
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AGI disappointed over passage of 3 new revenue bills
The Association of Ghana Industries (AGI) has expressed disappointment over the passage of government’s three new tax bills into law, by Parliament. In a statement signed by its Chief Executive Officer, Seth Twum Akwaboah, the Association, said the passage of the bills is detrimental to the economic growth of the country because they “pose very…
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$20 million Atlantic Shopping Mall opens in Accra
As a strategic move to bring new shopping experience to residents within the North Legon enclave and adjoining towns, Broll Ghana (Property Managers of Atlantic Mall) has officially opened Atlantic Mall worth $20 million. Located at the Atomic Junction Roundabout in the North Legon area near the University of Ghana, the Atlantic Shopping Mall is…
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BoG cuts dollar supply to BDCs for 2023 Q2
The Bank of Ghana has indicated that it has slashed its dollar supply to the Bulk Oil Distribution Companies due to the Gold for oil policy. This comes at the time when the president in delivering the State of the Nation Address in Parliament in March, said the policy, which is aimed at reviving the…
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Excessive tax policies may heighten cost of living – Federation of Labour
The Ghana Federation of Labour (GFL) has cautioned the Government to be mindful of overburdening the manufacturing sector with tax policies as that may result in widespread unemployment, increased cost of living, and endanger national security. Mr Abrahma Koomson, the GFL Secretary, in a statement said, with the current financial crisis and taking into account…
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Parliament passes three new taxes
Parliament has passed the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, the Ghana Revenue Authority Bill 2022 and the Income Tax Amendment Bill 2022. The financial bills presented to Parliament by the government seeks to rake in about 4 billion Ghana Cedis annually as part of domestic revenue mobilisation. The…
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BoG cautions against use of Ghana Cedi for bouquets and hampers
The Bank of Ghana has cautioned Ghanaians against the use of cedi banknotes as bouquets and hampers when gifting people. According to Bank, the currency was issued to be used as a medium of exchange for the purchase of goods and services and not for gifting people. Addressing the media on how to preserve the…
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CUTS International pushes for passage of Competition bill
Think Tank, Consumer Unity and Trust Society (CUTS) is urging government to quicken efforts to pass the Competition bill to ensure efficient market practices. The Think Tank explains that the absence of a Competition Law in the country has denied Ghanaians the opportunity to enjoy the best of goods and services on the market. According…
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GH¢5.5bn approved by Parliament not only for Blackshield customers – SEC
The Securities and Exchange Commission (SEC) has rejected claims that the GH¢5.5 billion approved by Parliament in 2021 to settle owed customers of defunct fund management companies is only for Defunct Gold Coast Management, now Blackshield customers. According to the SEC, the approved funds are for all investors in the 47 fund management companies that…