Business Archives - APMediaGH

February 21, 2025February 21, 2025

GRA Probes Shooting At Sogakope Customs Checkpoint

The Ghana Revenue Authority (GRA) has initiated an investigation into a shooting incident that occurred at the Sogakope Customs checkpoint on February 19, 2025. The incident unfolded during a Customs Division operation aimed at intercepting a suspected smuggled Mercedes-Benz E350 sedan

February 20, 2025February 20, 2025

Ghana Loses GH₵4.6 Billion to Tax Exemptions in 2023

Ghana's Finance Ministry has reported that the country incurred GH₵4.6 billion in tax expenditures in 2023, a slight decrease from the GH₵4.8 billion recorded in 2022. While this indicates a marginal improvement, the substantial amount of exemptions, particularly import waivers, continues

February 20, 2025February 20, 2025

24-Hour Passport Service Coming Soon, Says Foreign Minister

Ghana's passport application centers are set to implement a 24-hour service this year, with officials working in three shifts, according to Foreign Affairs Minister Samuel Okudzeto Ablakwa. The initiative aims to address the significant backlog of passport applications. The Minister revealed

February 18, 2025February 18, 2025

Criminologist Calls For Regulation Of MoMo Vendors’ Cash To Curb Attacks

A criminologist at the Kwame Nkrumah University of Science and Technology (KNUST), Dr. Jones Opoku-Ware, is advocating for regulations to limit the amount of cash mobile money (MoMo) vendors can hold. This call comes after a recent fatal attack on a

February 12, 2025February 12, 2025

Oil Marketers Dispute Gold-for-Oil Impact on Fuel Price Decreases

Accra, Ghana – The Chamber of Oil Marketing Companies (COMAC) has challenged the assertion that the previous government's Gold-for-Oil (G4O) policy was a major factor in the decline of fuel prices. COMAC argues that global market forces, not the G4O initiative,

February 12, 2025February 12, 2025

Economist Urges Ghana to Re-evaluate Foreign Aid Dependence After USAID Cuts

Accra, Ghana – Following recent funding cuts by the United States Agency for International Development (USAID), Professor Patrick Asuming, an economist and lecturer at the University of Ghana, has called on Ghana to reassess its reliance on foreign aid. This comes

February 11, 2025February 11, 2025

Mahama Orders Finance Minister to Resolve USAID Funding Shortfall

President John Dramani Mahama has instructed Finance Minister Dr. Cassiel Ato Forson to urgently address the $156 million funding gap caused by the suspension of the United States Agency for International Development (USAID) programme. A statement from the Presidency on February

February 11, 2025February 11, 2025

Boankra Port Project Progress Impresses Ghana Shippers Authority Chief

Boankra, Ashanti Region – Professor Ransford Edward Gyampo, Acting Chief Executive of the Ghana Shippers Authority (GSA), has expressed satisfaction with the progress of construction at the Boankra Integrated Logistics Terminal (Boankra Inland Port). During a site visit, Prof. Gyampo commended

February 10, 2025February 10, 2025

IMF To Consult On Ghana’s 2025 Budget Amid Tax Reform Plans

Accra, Ghana – The International Monetary Fund (IMF) will begin crucial discussions with the Ghanaian government this week regarding the 2025 budget, which is slated for presentation in March. These talks coincide with the government's plans to eliminate several key taxes,

February 7, 2025February 7, 2025

Back On The Road: Tolls Return With Advanced Collection System

The Ministry of Roads and Highways has announced the reintroduction of road and bridge tolls to generate revenue for road maintenance and infrastructure projects. In a statement released on Thursday, February 6, 2025, the Ministry outlined plans to implement a modern,