The acting Commissioner-General of the Ghana Revenue Authority (GRA), Ammishaddai Owusu-Amoah, has charged the Customs division of GRA to automate more of their processes and develop unique technologies to help block gaps in their system and boost their collection figures.
He made this known in a speech read on his...
says investor confidence directly correlated with rising debt
calls for increase in net export to drive post-pandemic recovery
The nation’s enviable social and political stability, in comparison to its peers, has been a source of pride and a magnet for investments. However, it has had an indirect adverse effect...
Cryptocurrencies have been on a surging run this year but its gaining more grounds. After Eight years with bad names and initial scam reviews, it has gotten stronger and caught the attention of many investment firms as well as corporate entities like Microsoft.
With traditional ways of transferring money across...
The Monetary Policy Committee (MPC) of the Bank of Ghana has, once again, hiked the policy rate by 250 basis points, saying impacts from shocks experienced in the economy over the past few months still persist.
This effectively pushes the policy rate to 27 percent from the previous 24.5 percent...
…amid elevated inflation, interest rate and credit rating downgrades, and impacts on the financial market
Addressing the country’s debt burden, government on Monday, December 5, 2022 launched the Domestic Debt Exchange programme aimed at restructuring the country's domestic debt to ensure sustainability. This programme is particularly relevant in the context...
...as concerns linger over appetite for debt, effects on equities
Amid the deterioration in investor confidence due to elevated concerns over the nation's sovereign fiscal and debt sustainability, which have resulted in a sudden tightening of the Eurobond market against Ghana, government in its 2022 budget must outline measures...
Like most African countries, Ethiopia is among the world’s poorest and most densely populated - experiencing climate change effects including changes in rainfall patterns and severe droughts. However, Ethiopia has taken advantage of the challenges and is transforming its once faltering economy into the world’s fastest-growing economy, according the...
The Ghana Union of Traders Associations (GUTA) has issued a stern warning to government, saying the proposed 17.5 percent Value Added Tax (VAT) on mobile phones should not be introduced.
It also warns that the new formula by Customs for calculating duties on imported cables must be reversed.
The warning comes...
Mr. Kofi Sekyere, Chairman of Kumasi City Mall, has said it is about time Ghanaians saw shopping malls as potential markets for locally produced and manufactured goods to enable retail shopping facilities to contribute towards the country’s import substitution strategy.
Mr. Sekyere made this observation when the President, Nana Addo...
The Ghana Revenue Authority has refuted claims that since introduction of the Integrated Customs Management System (ICUMS), the state has lost revenue. Rather, the authority has had its revenue projections on target even with the teething problems that greeted the start of the system on June 1, 2020.
Commissioner General...