Tag: GNCCI
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GNCCI urges gov’t to introduce deliberate policies to boost revenue mobilisation
The Ghana National Chamber of Commerce and Industry, GNCCI, has reiterated calls for government to operationalise the Tax Exemption Bill and the Property Tax law and other deliberate programmes to boost domestic revenue mobilization. According to the Ghana National Chamber of Commerce and Industry, the high cost of doing business in the country which they…
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Utility tariff adjustment must favour industries, sustain business growth – GNCCI
As the Public Utilities Regulatory Commission (PURC) engages stakeholders on electricity tariff adjustment in the face of current economic challenges, the Ghana National Chamber of Commerce and Industry (GNCCI) says any adjustment must favour industries. According to the GNCCI, further increases, particularly in energy cost, will be detrimental to the private sector. The GNCCI notes…
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AfCFTA: Address challenges of local businesses – GNCCI to government
The Ghana National Chamber of Commerce and Industry (GNCCI) has asked for the challenges being faced by local businesses to be addressed in order to gain from the African Continental Free Trade Area (AfCFTA). Since the commencement of the agreement on January 1, 2021, businesses in Ghana, both big and small, have been charged to…
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GNCCI calls for stimulus packages for local businesses involved in AfCFTA
President of the Ghana National Chamber of Commerce and Industry (GNCCI), Clement Osei-Amoako, says government should consider providing a stimulus package for local businesses involved in the African Continental Free Trade Area (AfCFTA). According to him, the commencement of the AfCFTA means Ghanaian businesses will now have to compete with businesses from other African countries…
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GNCCI calls for donor support for data-driven projects
The Ghana National Chamber of Commerce and Industry (GNCCI) is calling for donor support to assist in covering the cost of acquiring critical data for its operations. GNCCI says the support will enable it to inform Ghanaians on the bottom-up decision on government policies. The President of the Chamber, Clement Osei-Amoako, made the request while…
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Chamber of Commerce and Industry lauds ‘Talk Tax’ reduction
The Ghana National Chamber of Commerce and Industry has lauded government for its decision to reduce the Communication Service Tax, also known as ‘Talk Tax’ from 9 to five percent. As part of efforts to mitigate the economic impact of Covid-19 on individual consumers and businesses, government announced the reduction in the Mid-year budget to…
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Businesses react to BoG’s decision to maintain policy rate at 14.5%
In the wake of the COVID-19 pandemic and its impact, Ghanaian businesses had been looking forward to a further reduction in the policy rate by the Bank of Ghana. The policy rate, which is the rate at which the central bank lends to commercial banks, and is also used by banks to calculate their base…
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Chamber of Commerce and Industry bemoans impact of coronavirus on trade
The Chief Executive Officer of the Ghana National Chamber of Commerce and Industry, Mark Badu Aboagye, says the suspension of some airline services to China due to the outbreak of the Coronavirus has severely affected trading activities. “It has had an impact on trade and the danger is that you do not necessarily have to…
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Manufacturers to pass on increased tariffs to consumers—Chamber of Commerce warns
Manufacturers are likely to transfer to Ghanaians, the cost associated with the recent increase in electricity and water tariffs announced by the Public Utilities Regulatory Commission (PURC). That’s according to the Ghana National Chamber of Commerce and Industry (GNCCI). The Utility Services Regulator recently approved an 11.17 percent tariff increment for electricity and 8.1 percent…
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‘Pull breaks on CTN, engage us more’ – GNCCI to GRA
The Ghana National Chamber of Commerce and Industry (GNCCI) is alarmed at the apparent defiance by the Ghana Revenue Authority (GRA) to go ahead with the Cargo Tracking Notes policy despite the call to engage stakeholders further. The GNCCI is the latest business group to have urged the GRA to pull the breaks on the…