President Akufo-Addo, has reiterated the government’s commitment to assisting Ghanaian enterprises to take advantage of the coming into force of the African Continental Free Trade Area (AfCFTA). Speaking at the 2nd National Conference on the African Continental Free Trade Area, ...
Read More »Pay us Our Money Else You Will Lose December 7, Election CASLOC To Govt
The Coalition of Affected Savings and Loans Customers (CASLOC) has expressed displeasure over the government’s delay in paying their locked up funds which were deposited at microfinance companies and credit institutions whose licenses were revoked by the bank of Ghana. ...
Read More »IMF predicts end-year inflation rate of 11.6% for Ghana
The International Monetary Fund is predicting an end-year inflation rate of 11.6% for Ghana, according to its World Economic Outlook Report. This is coming on the back of the marginal drop of September 2020 inflation to a rate of 10.4%. ...
Read More »Spend wisely, broaden tax base to close huge fiscal gap – World Bank to Ghana, others
The World Bank has intensified its call for Ghana and other African countries to spend wisely and implement innovative strategies which will broaden the tax net to capture every income-generating activity in order to close the vast fiscal gap induced ...
Read More »Ghana’s Jubilee field reaches historic 300m barrels of oil
Tullow Ghana Limited (TGL), operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, has announced that the country has reached a milestone with 300 million barrels of oil production from the Jubilee field. Tullow and its partners GNPC, ...
Read More »Ghana’s economy to recover earlier than expected – Dep Governor
The First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari has given an indication that contrary to fears that the country’s economy will take some time before getting back on track, data available to the Central Bank suggest ...
Read More »Ghana’s debt jumped 1.66% to hit GHS263bn in July 2020
Ghana’s total public debt stock jumped by 1.66 percent to hit GHS263.1 billion [$46.3bn] in July 2020, according to the latest Summary of Macroeconomic and Financial Data. This represents about 68.3 percent of the country’s Gross Domestic Product, and is ...
Read More »Where did you now find money to pay depositors? – Adongo to Gov’t
Bolga Central MP Isaac Adongo is asking government where it raised the GHC3.56 billion to settle all locked up funds of customers of the collapsed financial firms. It comes after government announced that payment begins today for all customers whose ...
Read More »NBSSI and Mastercard Foundation outdoor “Nkosuo” program for MSMEs
The National Board for Small Scale Industries (NBSSI) in collaboration with the Mastercard Foundation on Wednesday September 16, 2020 launched the COVID-19 Recovery and Resilience Program for Micro, Small and Medium Enterprises (MSMEs) dubbed the “Nkosuo” Program. The program which ...
Read More »Call tax to reduce from 9% to 5% effective Today
The Ghana Chamber of Telecommunications has served notice to mobile subscribers and the general public that, mobile network operators will adjust tariffs to reflect the 4% reduction in Communications Service Tax by Tuesday, September, 15, 2020. A statement issued by ...
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