While it is generally acknowledged that 70% of Ghana’s economy is the informal sector (GSS, 2017), it is also the sector in which SMEs are found.
SMEs in Ghana contribute about 70% to GDP and provide about 85% of manufacturing employment. However, in spite of its potential contribution to alleviating...
Twenty completed automated premix outlets will be opened by December in different locations across the country, the Ministry of Fisheries and Aquaculture Development (MoFAD) has disclosed.
The move seeks to streamline discrepancies in the premix fuel distribution chain, and will curb issues of middlemen, hoarding and corruption in the premix...
Is it not ironic that the Northern Electricity Distribution Company (NEDCo), a subsidiary of the Volta River Authority (VRA), spends GH¢120million every month to make electricity available for consumers and yet NEDCo was owed about GH¢1.2billion by consumers as at January 2023?
Additionally, NEDCo owes its parent company, the VRA,...
Complying with tax regulations often result in increased costs and a significant reduction in profits. In recent times, there has been cause to complain about the number of taxes businesses are being burdened with.
However, a coalition of civil society organisations (CSOs) has welcomed the of excise duty on products...
The Department of Factories Inspectorate, a department under the Ministry of Employment and Labour Relations, is in utter neglect - posing grave harm to factory workers and Occupational Safety and Health (OSH) issues.
For instance, an estimated 800 inspectors are required to effectively oversee the supervision of factories’ health and...
Already, market watchers are predicting that the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will keep the benchmark policy rate at its current level at the next meeting in May, following a significant decline in consumer inflation to 45 percent in March 2023.
Since inflation is set...
There is high consumer demand for chocolate that is free from child labour and deforestation in the developed world.
The fourth edition of the Chocolate Scorecard surveyed the world’s biggest chocolate companies to find out how they are addressing key challenges in the cocoa-chocolate value chain.
This year’s scorecard ranked 83...
It is a fact that Ghana depends largely on imported rice to make up for the deficit in domestic rice supply. Rice is one of the most staple foods consumed locally, but domestic production accounts for only one-third of consumption.
Available data from the Observatory of Economic Complexity (OEC) suggests...
Following the most recent Monetary Policy Committee (MPC) meeting’s conclusion, Bank of Ghana (BoG) Governor Dr. Ernest Addison projected a drop in inflation from 52.8 percent to 29 percent by end of the year.
The prediction was cited as one of the reasons for the 150 bps increase in the...
Government believes it is imperative that parliament prioritises the passage of three revenue bills currently before the august House. The outstanding bills are the Income Tax (Amendment) bill, Excise Duty & Excise Tax Stamp (Amendment) bills, as well as the Growth and Sustainability Levy bill.
The bills are necessary for...