Business Archives - Page 27 of 41

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,

February 6, 2024February 6, 2024

Businesses Are Being Over-Taxed – GUTA President

The president of the Ghana Union of Traders' Association (GUTA) says businesses in Ghana are being overtaxed. Dr Joseph Obeng speaking on Joy News' AM Show on Monday, February 5, said this is hurting their ability to compete and grow in

February 5, 2024February 5, 2024

Only 14% Of Working Ghanaians Satisfied With Financial Situation – Report

Only 14% of working Ghanaians are very satisfied with their financial situation. According to the 2023 Old Mutual Financial Services Monitor, the informal sector and local income earners in Ghana are the most financially stressed. While 68.0% of those financially stressed

February 5, 2024February 5, 2024

Burkina Faso, Niger, Mali To Decide Fate Of Ghanaian Traders Following ECOWAS ‘Exit’

There’s a looming diplomatic row as Burkina Faso’s Military leader Ibrahim Traoré has disclosed that his country will consult Mali and Niger to take a final decision on whether to allow Ghanaian traders and other West African nationals to do business

February 5, 2024February 5, 2024

Anglo-Gold Ashanti Is Functioning—-Sustainability Manager Confirms.

Sustainability Manager at Anglo-Gold Ashanti (AGA), Mr Emmanuel Massey says the mining company was in operation and functioning at optimal levels. He noted that currently, the mine has between 2000 and 2, 500 workers who were offering direct and support services.

February 5, 2024February 5, 2024

Emissions Levy, VAT On Electricity Will Affect Businesses – GUTA

The Ghana Union of Traders Association (GUTA) has voiced its opposition to the proposed implementation of Value Added Tax (VAT) on electricity charges and the imposition of an emission levy. The association argues that these measures will have severe adverse economic

February 2, 2024February 2, 2024

ECG Goes After Defaulting Customers In “Operation No Free Consumption”

The Electricity Company of Ghana (ECG) has launched a two-week exercise across the country, dubbed “Operation No Free Consumption”. ECG staff will update customer details during the exercise, collect any arrears and disconnect customers who owe the company. ECG will use the Zeus mobile device to record details of all

February 1, 2024February 1, 2024

Emission Levy Takes Effect Today, Feb. 1

Today, February 1, 2024, newly enacted Emissions Levy Act, 2023 (Act 1112) comes into effect in Ghana. This new legislation imposes a levy on carbon dioxide equivalent emissions on vehicles with internal combustion engines.The Ghana Revenue Authority (GRA) has announced that

February 1, 2024February 1, 2024

Labour Commission Will Be Overwhelmed With Strikes, Says Gamey

Austin Gamey, a labour consultant, has said the strike initiated by the Tertiary Education Workers Union of Ghana (TEWU) might be the first of many unions to initiate strikes this year. The TEWUG, in solidarity with the Ghana Association of University Administrators, the