Business Archives - Page 24 of 39

February 17, 2024February 17, 2024

Bank Of Ghana Re-affirms Anti-Money Laundering Regime

The Bank of Ghana (BoG) has reiterated its commitment to address major gaps in the financial ecosystem of the country. This is to ensure the country does not return to the EU and UK’s list of high-risk money laundering and terrorism

February 15, 2024February 15, 2024

ECG Blames 80% Of GHS1.9bn Losses On Cedi Depreciation

The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has attributed approximately 80 percent of the company's financial losses to the depreciation of the Ghanaian Cedi. According to the Auditor General’s report, state power distributors generated a

February 14, 2024February 14, 2024

Push For Removal Of Taxes By Minority MPs A Political Gimmick – Stephen Amoah

The Majority in Parliament has described moves by the NDC Minority to introduce a private members bill to repeal a raft of taxes, which the Vice President committed to abolish if he is elected president, as political gimmick. This was after

February 14, 2024February 14, 2024

Bring Back Import Restrictions Bill bill – Afriyie Akoto Urges Govt

Former Minister of Food and Agriculture, Dr. Owusu Akoto Afriyie, says the government must strongly consider restricting the importation of certain food items into the country to protect Ghanaian farmers and enhance their global competitiveness. Dr. Owusu Akoto Afriyie emphasized that

February 13, 2024February 13, 2024

GRA To Facilitate Voluntary Tax Compliance

The Domestic Tax Revenue Division (DTRD) of the Ghana Revenue Authority (GRA) is poised to explore creative ways of mobilizing revenue for economic management in 2024. The Division is also committed to facilitating voluntary tax compliance through measures such as new

February 12, 2024February 12, 2024

Spare Parts Dealers Go Gaga Over Bawumia’s Flat Rate Tax Proposal

The Abossey Okai Spare Parts Dealers Association has expressed its appreciation for the visionary proposal put forth by Dr. Mahamadu Bawumia, the New Patriotic Party’s (NPP) presidential candidate, Dr. Mahamadu Bawumia to implement a flat rate tax on the importation of

February 9, 2024February 9, 2024

First National Bank Announces Partnership With MTN MoMo

First National Bank Ghana has announced a strategic partnership with Mobile Money Limited to offer MoMo services across all channels. This partnership aligns with the bank’s refreshed brand and our commitment to providing helpful, easy and safe banking to Ghanaians. The

February 8, 2024February 8, 2024

Government Suspends 15% VAT On Electricity

The Ministry of Finance has directed the Electricity Company of Ghana, Ltd (ECG) and the Northern Electricity Distribution Company (NEDCO) to suspend the implementation of 15% VAT on electricity directive. Organised Labour has scheduled next Tuesday (13 February) to embark on a demonstration

February 7, 2024February 7, 2024

Independent Power Generators Kick Against Emissions Levy

The Independent Power Generators, Ghana (IPGG) has indicated the implementation of the Emissions Levy may spike up the prices of power because it exerts a levy of GH¢100 per tonne on carbon dioxide equivalent emissions from producers. Chief Executive Officer of

February 7, 2024February 7, 2024

EU Must Relook Crop Imports Policy – GARDJA

The European Union (EU) must relook at its policies on cash crop imports from the developing world, the Ghana Agriculture and Rural Development Journalists Association has said. A new law that penalizes commodity trading companies for importing goods including cocoa, coffee,