A report by the Sekondi-Takoradi Chamber of Commerce and Industry (STCCI) has shown that businesses in Western Region have been badly affected by the coronavirus pandemic, as about 90 percent of them have been hit one way or the other.
According to the Business Condition Report (BCR) Quarter 1, 2020,...
President Nana Addo Dankwa Akufo-Addo, has indicated that better roads should be the catalyst for national development and not an instrument of death and pain, cautioning motorists to be extra careful and disciplined on the highways and resist the temptation of over-speeding.
He said it is time accidents in the...
The Social Security and National Insurance Trust (SSNIT) has finally resolved its long-standing battle with pensioners over disagreements on Past Credit owed the latter ever since the three-tier Pension Scheme Act 766 was implemented.
A press release from SSNIT stated that it has released GH¢59,612,321 which hit the accounts of...
The general price levels of goods and services, according to Ghana Statistical Service, have further increased in the month of May - following price hikes by traders due to the coronavirus pandemic effects.
General prices increased by 0.7 of a percentage point over the previous month, as it recorded 11.3...
GH¢17.8bn to be borrowed
Only GH¢2bn in fresh issuance
Government plans to borrow a total of GH¢17.8billion between June 20 to August 20, but 89% of the debt, GH¢15.8billion, will be used to roll-over maturing loans, with only GH¢2billion in fresh issuances.
According to the Ministry of Finance’s issuance calendar,...
Twelve public sector unions, which have come together to form the Forum for Public Sector Registered Pension Schemes, have given government a two-week ultimatum to address their concerns on low pension amounts paid by the Social Security and National Insurance Trust (SSNIT), or they will lay down their tools.
According...
The University of Cape Coast School of Business has organised a virtual seminar to educate students on tax reliefs and financial reporting implications.
The e-seminar, themed ‘Coronavirus Pandemic, Tax Reliefs and Financial Reporting Implications’, had Dr. Abdalah Ali-Nakyea of Ali-Nakyea & Associates; Dr. Isaac Nyame of Ikerm and Associates’ and...
The National Labour Commission (NLC) has advised employers to negotiate pay cuts, salary suspension, partial layoffs and others in good faith with their employees, so as to reduce the acrimony that will ensue as a result of frustration of contracts due to the outbreak of COVID-19.
According to the NLC,...
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...
Fiscal Gap Created by the COVID-19 Pandemic
In his fourth address to update Ghanaians on the country’s responses to the Coronavirus pandemic the President directed the Finance Minister to prepare for approval by Parliament, a Coronavirus Alleviation Program (CAP) to address the disruption of economic activities, hardship of the...
