Former Finance Minister, Seth Terkper has cautioned government of the risk of huge subsidy debts and its potential to hurt the economy and collapse the energy sector of the economy should government resume paying petroleum levies.
The National Petroleum Authority (NPA) is planning to use proceeds of the Price Stabilisation...
The removal of import duties on spare-parts and other items will begin in 2018, the Ghana Revenue Authority (GRA) has said.
This due to completion of the processes and legal framework necessary for implementation of the decision announced by government in its 2017 budget.
It also follows the expected operationisation of...
President Nana Addo Dankwa Akufo-Addo has called on African leaders to ‘dismantle’ any cumbersome business processes and unfavourable policies to unleash private capital and expertise in achieving the Sustainable Development Goals (SDGs).
“Africa needs a strong and vibrant private sector to boost its economy. A strong and vibrant private sector...
The first Regional Round-table on Infrastructure Governance was held in Cape Town at the beginning of November. Peter Eigen, founder of Transparency International), who addressed the event, reflects on the vital importance of openness and transparency for successful and sustainable infrastructure projects.
Corruption is nothing new and it’s certainly not unique...
Despite the tightening of the public purse, which will see government expenditure controlled in 2018, the policies initiated by government do not support the idea that cash will be scarce in the economy, President of Groupe Ideal, Nii Kotei Dzani, has said.
“It is true that the biggest chunk of...
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...
Increasing sources of income for Africans are being realised through remittances, which have been observed as an important factor that impacts lives as well as brings about economic growth and development on the continent.
The theme of remittances was discussed by researchers and economists at the 12th African Economic Conference...
The US Ambassador to Ghana Robert P. Jackson has called on government to consider using an online portal in the procurement bidding process in Ghana.
According to him, the online bidding process is one sure way of ensuring transparency and providing a level playing field for all contractors who bid...
The Ghana Revenue Authority (GRA) has issued a garnishee order to Allied Oil Limited, seeking to collect all outstanding monies that the company has to pay a construction firm by name Ace Façade.
This follows the failure of the construction firm to pay tax of over GH₵5million, part of which...
…..but calls for deliberate policy for construction sector
The Association of Ghana Industries (AGI) Construction Sector has commended government for the bold initiatives in the 2018 Budget Statement and Economic Policy that seek to support industrial development generally and particularly manufacturing.
That, the AGI Construction Sector which is supported by the...