Businesses will have to adapt to the changing payment system in order to support the cash-lite drive. This is according to Mr. Archie Hesse, the Chief Executive Officer of Ghana Interbank Payment and Settlement System (GhIPSS). He said some long-held corporate practices will have be aligned to electronic payments.
Ghana...
The Director-General of the National Development Reform Commission of China, Wang Jianjun, in is the country with a delegation that includes financial experts to confer with government regarding revival of the country’s ailing railway sector.
The estimated cost required for revamping the country’s railway sector is US$7billion, and the Chinese...
Government’s efforts to revamp the country’s railways have caught the attention of the Chinese government, as the Director-General of the National Development Reform Commission (NDRC) of China, Mr. Wang Jianjun, is currently in Ghana to have discussions toward the project.
It is estimated that that government will require US$7billion to...
The Domestic Lumber Trade Association (DOLTA) has expressed worry over the poor quality of local timber resulting from over-exploitation of the country’s forests and is hereby calling on government to waive taxes on imported woods to save the situation.
The association said this has led to a point where over...
Despite the dwindling fortunes of agriculture since the start of commercial oil production some six years ago, the dreaded oil-linked Dutch disease has not set in, Finance Minister, Ken Ofori Atta has assured.
Dutch disease references problems associated with a rapid increase in the production of natural resources, such as...
As local businesses continue to explore avenues to fund their business activities, operators of sole proprietorship businesses have been asked to consider converting to limited liability companies to deepen their chances of ensuring business sustenance and attracting the right investment.
Many Ghanaian-owned businesses do not survive the first generation. From...
The Domestic Tax Revenue Division (DTRD) of the Ghana Revenue Authority (GRA) has migrated 67 tax offices across the country onto the Total Revenue Integrated Processing Systems (tripsTM) for revenue collection.
This is with support from its technical partner, the Ghana Community Network Services Limited (GCNet).
tripsTM is software for tax...
A 35-member business delegation from Bavaria, Germany, was in the country last week to explore business opportunities for the mutual benefit of the two countries. The delegation is the first trade mission from that region to Ghana and was focused on partnering Small and Medium Enterprises (SMEs) which are...
The VP’s focus with this project is to accelerate the digitization of the economy and move Ghana beyond aid dependence
GE ,the world’s premier Digital Industrial Company, recently joined a delegation to Silicon Valley led by Vice President, Dr. Mahamudu Bawumia, who is currently spearheading the country’s digital transformation project.
The...