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...
The Northern Regional office of the Ministry of Trade and Industry (MOTI) has kicked start the implementation of the one district one factory (1F1F) programme with the establishment of implementation teams across the 26 Metropolitan, Municipal and District Assemblies of the region. The teams are to oversee the work of...
The Reinsurance sector in the country remains untapped, with a lot of room for growth in the provision of reinsurance capacity in the areas of oil and gas, marine, aviation and specialist liability risk. Mr. Justice Yaw Ofori, Commissioner of the National Insurance Commission (NIC) who disclosed this at the...
The Ghana Free Zones Authority (GFZA), a government agency that licences and regulates the activities of Free Zone Enterprises (FZEs), has said it has adopted some workable strategies which are already being implemented. The primary objective is to change the face of GFZB in the eyes of its valued investors:...
A nationwide campaign on www.change.org to get the National Consumer Protection Law passed has started across the country. The campaign is gathering 20,000 electronic petitions  urging the president to prioritise passage of the Consumer Protection law this year. Launching the campaign, Country Coordinator for CUTS Ghana - Mr. Appiah Kusi Adomako,...
Ghana and the African Development Fund (ADF) last week Thursday signed a US$39.01million loan agreement to support government’s Flagship Programme in Agriculture: Planting for Food and Jobs (PFJ). Mr. Ken Ofori-Atta, the Minister of Finance, signed on behalf of the Government of Ghana, while Dr. Yero H. J. Baldeh, Ghana...
…as Parliament approves Financial Account Information bill Parliament has given legal backing to a new bill that will enable the Ghana Revenue Authority (GRA) to exchange information with other tax administrations in the world regarding certain financial accounts of entities or individuals, in a bid to curb tax evasion. The bill,...
To ensure an increase in export volumes and draw more foreign investment into the country, government is strengthening supply chains of exportable products through the Coconut Export Revitalisation Project. “Our key vision under the current export strategies for the agricultural sector is to diversify our export base to ensure we...
The final report of the West Africa Growth Ring Corridor Master Plan (WAGRIC) that contains the action plans and strategies aimed at achieving spatial and economic integration of the sub-region has been presented. The plan aims at enhancing infrastructural and transport connectivity between Ghana, Togo, Burkina Faso and Cote d’Ivoire,...
Ghana’s inflation rate for February 2018 has gone up by 0.3% bring the rate to 10.6 per cent, up from the 10.3% recorded in January 2018. The monthly change rate for February 2018 was 0.9%, compared to the 1.4% recorded for January 2018. According to a release from the Ghana Statistical...