Business Archives - Page 9 of 55

February 27, 2025February 27, 2025

Mahama Vows To Resolve Ghana’s Economic Crisis

President John Dramani Mahama has pledged to resolve Ghana’s ongoing economic crisis within the duration of his four-year term. During his first State of the Nation Address in his second term on Thursday, February 27, President Mahama acknowledged the severe economic

February 25, 2025February 25, 2025

Mahama Reaffirms Commitment to Fiscal Discipline, Assures Bank of Ghana Against Money Printing

President John Dramani Mahama has assured the newly sworn-in Governor and Deputy Governor of the Bank of Ghana (BoG) that his administration will prioritize fiscal responsibility and will not resort to reckless money printing to fund government expenditure. During the swearing-in

February 25, 2025February 25, 2025

NIA Announces Free Ghana Card Issuance at District Offices, Fees for Premium Services

The National Identification Authority (NIA) has reiterated that the first-time issuance of the Ghana Card remains free at its 276 operational district offices nationwide. However, fees have been introduced for first-time card issuance and other services at its Premium Centres, as

February 25, 2025February 25, 2025

Immigration Seizes Smuggled Cocoa Beans At Togo Border

Ghana Immigration Service officers, in collaboration with the Ghana Revenue Authority-Customs Division, have intercepted a truck carrying 1,115 gallons of smuggled cocoa beans at the Ave-Havi border post, destined for Togo. Acting on intelligence, officers stopped the truck, registration number AS

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