Amid growing concerns about the extent of illegal mining activities around the country and how it is negatively affecting our water-bodies, Minister of Lands and Natural Resources, Samuel Abu Jinapor, has reaffirmed government’s commitment to intensifying efforts against illegal mining.
The minister affirmed that government will soon deploy law enforcement...
Ghana International Bank (GHIB) celebrated its 65th Anniversary and First Deputy Governor-Bank of Ghana (BoG) Dr. Maxwell Opoku-Afari noted that the imperative and impetus which drove the founding fathers to open a bank in the heart of global financial centre London has proven to be a mark of deep...
While the Ghana Revenue Authority (GRA) has been tasked to meet ambitious revenue targets as part of its domestic revenue mobilisation efforts, it is ironic to hear the Chief Executive Officer-Ghana Investment Promotion Authority (GIPC), Yofi Grant, complain about the negative impact of tax harassment on foreign investors.
The GIPC...
The Ministry of Finance has released GH¢700million as the first tranche of a GH¢1.5billion bailout package for investors affected by the collapse of asset management companies (AMCs), which was announced during the 2024 mid-year budget review.
Finance Minister Dr. Mohammed Amin Adam made this public during the August 2024 Monthly...
The recent crossing of the GH¢16 mark against the dollar on the retail market has sparked widespread concern among Ghanaians far and wide.
Invariably, this translates into higher prices for imported goods, increased cost of living, and reduced purchasing power. For import-reliant businesses, the cedi’s weakness threatens their profitability and...
Chief Executive Officer-Ghana Cocoa Board (COCOBOD) Mr. Joseph Boahen Aidoo is confident the cocoa sector will receive a significant boost in coming years, with rehabilitated farms projected to add over 200,000 metric tonnes to the nation’s annual cocoa production.
COCOBOD expects to harvest 650,000 metric tonnes of cocoa this season,...
The Chartered Institute of Taxation, Ghana, is calling for the development of a comprehensive national tax policy that protects the country’s tax system from being subject to the whims of successive governments.
President-Chartered Institute of Taxation, Ghana, George Ohene Kwatia made this call at the 12th Annual International Tax Conference...
In resetting the economy, the Institute of Economic Affairs (IEA) is calling for the creation of a separate Ministry of Economy alongside the existing Ministry of Finance.
This new Ministry of Economy would absorb the National Development Planning Commission (NDPC) and be charged with preparing National Development plans, so that...
The Ghana National Chamber of Commerce and Industry (GNCCI) wants government to reconsider the current tax system – allowing private businesses to thrive and reduce relocation and collapse.
This is in relation to instances in the past few months when several notable companies such as Nivea, Glovo, Bic Pens, Dark...
As the inflation rate continues to decline, the suspended 15 percent value-added tax (VAT) on electricity could be reintroduced.
In its July 2024 Country Staff Report, the International Monetary Fund (IMF) noted the willingness of local officials to reinstate the tax once inflation eases.
On page 10 of the report, the...