The Registrar-General’s Department recorded about GH¢75.2 million in revenue for the 2017 calendar year. The department registered about 86,914 new companies in 2017 as against 60,000 in 2016. Of the total business registrations, online transactions at the Registrar-General’s Department (RGD) saw a tremendous growth, with more than 12,400 transactions recorded last...
The Ghana Revenue Authority (GRA) has quelled fears expressed by some businesses that failure to get a Tax Identification Number (TIN) by end of March this year will deny them the opportunity to do so later. The GRA Public Relations Officer, Bobie Ansah, told B&FT that registration for the TIN...
President Nana Addo Dankwa Akufo-Addo has said the three-year programme between Ghana and the IMF will end this year as agreed. He said this during his presentation of the second State of the Nation Address to parliament. Delivering the address Nana Addo Dankwa Akufo-Addo said, “I am also pleased to report...
GH¢5bn in total circulation, up from GH¢20.5bn in 2018 GH¢276m, GH¢149m worth of GH¢200 and GH¢100 notes in circulation GH¢50 note is highest in system at GH¢9bn A total of GH¢306 million has been spent by the Central Bank to print money in 2019 including the new notes of...
The Central bank has announced the establishment of a new FinTech and Innovation Office to drive the Bank’s cash-lite, e-payments, and digitisation agenda. The regulatory body said the emergence of FinTech solutions has introduced significant complexities that require the sector supervisor’s focus, to understand and supervise effectively. The setting...
A policy analyst with the Integrated Social Development Centre (ISODEC), Dr. Steve Manteaw, has been elected to chair the Public Interest and Accountability Committee (PIAC) whilst Dr. Thomas Kojo Stephens, of the Ghana Bar Association (GBA), was elected Vice Chair. PIAC, established in 2011, under the Petroleum Revenue Management Act...
Private pension funds have maintained their strong growth over the years, reaching a record high of GH¢9.7billion in 2017, from the previous year’s GH¢6.8billion. Data from the sector regulator, the National Pensions Regulatory Authority (NPRA), show that 9.2 billion of the 9.7 billion was accrued from Assets Under Management (AUM)...
The Ghana Revenue Authority’s (GRA) revenue collection target of GH¢39.8bn is achievable with suitable revenue collection strategies and dedication of staff, Commissioner-General of the GRA, Mr. Emmanuel Kofi Nti, has said. “The target is achievable on the back of hard work and the rollout of innovative measures in the course...
Per Capita GDP, which in principle is a measure of the total economic output of the country divided by the number of people, has reached a four-year high of US$1,632 or GH₵7,110 at the end of 2017, the statistical service has revealed. The figure is an 8.2 percent increase over...
Small businesses at the regional and district levels are expected to benefit from a GH₵38m facility to be advanced by the Microfinance and Small Loans Centre (MASLOC) this year. This is aimed at enabling prospective beneficiaries to shore-up their businesses as part of the Centre’s programme of activities for the...