Tax rebates to spur cash-lite agenda - eTranzact boss

The Central Securities Depository (CSD) is working to become the fourth central securities depository in Africa to issue legal entity identifiers (LEIs) for companies in Ghana, as part of efforts to strengthen the country’s capital-market infrastructure and deepen its integration with global financial markets.

Power tariffs will remain unchanged in the fourth quarter (Q4) despite a 3.04 percent depreciation of the cedi and a sharp rise in the inflation assumption used by the Public Utilities Regulatory Commission (PURC) as lower natural gas costs and a stronger projected contribution from hydro generation help contain pressure on electricity prices.

 The Bank of Ghana’s Monetary Policy Committee is weighing whether to maintain its 14 percent policy rate as rising inflation, pressure on international reserves and a sharp increase in global oil prices complicate the outlook for monetary policy.

The Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has indicated that the country is accelerating efforts to expand tree-crop production and local processing, including cashew, as government seeks to boost value addition, attract investment and increase the sector’s contribution to economic growth.

The Ghana Technical and Vocational Education and Training (TVET) Service has warned TVET institutions against charging prospective students and parents unauthorised fees during the ongoing admissions process.

The KGL Foundation and the GNPC Foundation have entered into a strategic partnership to expand educational opportunities for Ghanaian students, bringing the public and private sector together to support the development of the country’s human capital.

Guaranty Trust Bank (Ghana) Ltd [GTBank] has donated medical equipment to the Paediatric Oncology Unit of the Greater Accra Regional Hospital, Ridge-Accra, as part of its commitment to supporting improved healthcare delivery and better outcomes for children undergoing cancer treatment.

The Bank of Ghana has maintained its policy rate at 14 percent, with the Monetary Policy Committee assessing the risks to inflation and economic growth as broadly balanced despite renewed global price pressures.