Business Archives - Page 8 of 41

August 19, 2024August 19, 2024

We’ll Reduce Cost Of Public Transportation – Bawumia

NPP flagbearer Dr. Mahamudu Bawumia has promised to reduce the cost of public transportation if elected into government in the upcoming elections. Outlining how he intends to get this promise fulfilled, Dr. Bawumia demonstrated his commitment to promoting and supporting the

August 17, 2024August 17, 2024

Pres Akuffo-Addo Calls For Rethinking Of Africa’s Devt Cooperation Framework

President Nana Addo Dankwa Akufo-Addo, has at the 5th anniversary of the Council on Foreign Relations Ghana urged African leaders and international development partners to critically reassess the current development cooperation framework. Speaking on the theme “The Limits of the Current

August 14, 2024August 14, 2024

Too Many Tax Exemptions Affecting Revenue – World Bank

Ghana’s tax system does not generate as much revenue as it should because of the many tax reliefs or exemptions that narrows the corporate income tax (CIT) base, the World Bank has said in its 8th Ghana Economic Update. According to the

August 14, 2024August 14, 2024

ECG Disconnects Kejetia Market Again Over GH¢7m Debt

The Kumasi City Market, also known as the New Kejetia Market, has been disconnected from the power grid by the Electricity Company of Ghana (ECG) due to outstanding arrears of over GH¢7 million. Despite a previous agreement to clear the debt,

August 13, 2024August 13, 2024

World Bank: Majority Of Ghanaian Banks Strong Enough To Avoid Recapitalisation

The World Bank in its 8th Ghana Economic Update, has indicated that more than half of the 23 banks operating in Ghana are well-positioned to avoid the need for recapitalisation. According to the World Bank, within a year, most banks successfully

August 12, 2024August 12, 2024

COCOA FARMERS PENSION DEDUCTIONS KICKS OFF IN THREE DISTRICTS

The Ghana Cocoa Board (COCOBOD) has commenced the pilot phase of deducting cocoa farmers' contributions to the Cocoa Farmers Pension Scheme, marking a historic milestone in Ghana’s cocoa sector. This initiative, which began on August 6, 2024, ensures real-time deduction of

August 8, 2024August 8, 2024

Sustainable Dev’t A Necessity, Integrating ESG Into Economic Strategies Crucial – KPMG

Evans Asare, Partner at KPM, has emphasised the need for a comprehensive re-engineering of the country’s economic model to achieve sustainable development. Addressing participants at the 2024 Ghana Economic Forum organised by the Business and Financial Times, he underscored the importance

August 8, 2024August 8, 2024

Boankra Inland Port Project Progresses

The Boankra Inland Port Project, a state-of-the-art logistics terminal located in the Ejisu Municipality of the Ashanti Region, is rapidly approaching its completion date. With an investment of $330 million, this project is poised to revolutionize trade and economic growth in

August 8, 2024August 8, 2024

Govt Grew Economy By $20bn In 2023

The Akufo-Addo/Bawumia Administration has achieved significant economic success, with the Ghanaian economy growing by $20 billion as of December 2023. According to the Minister of Finance, Dr. Mohammed Amin Adam, this growth is a testament to the effective economic management and

August 8, 2024August 8, 2024

GRA Grants Amnesty To Uncustomed Vehicle Users

The Customs Division of the Ghana Revenue Authority (GRA) has announced a 2-month amnesty period for users of uncustomed vehicles, effective from August 1 to September 30, 2024. This opportunity allows individuals to regularize the documentation of their vehicles without facing