Last week, the Ministry of Finance and International Finance Corporation (IFC) convened business leaders in the country to share ideas for ramping up investment toward sustainable growth and job creation, dubbed the Mutual Prosperity Dialogues.
An issue foremost in the minds of businesses, as gleaned from the interaction, was that...
A mere 0.5 percent of the informal sector’s active workforce is currently enrolled in the tier-one scheme, statistics from the Social Security and National Insurance Trust (SSNIT) have revealed.
This raises serious concerns about the majority of informal sector workers’ financial security in the country.
Out of approximately 600,000 individuals working...
Each year, World Food Day is observed on 16 October and marks the United Nations Food and Agriculture Organisation’s (FAO) founding in 1945.
It is an opportunity to spark conversations about our food, how it is produced and all its dimensions: availability, accessibility, utilisation and stability.
This year World Food Day...
Owing to the fact that the existing system for overseeing remittances is fraught with challenges, the country urgently needs to enhance its framework for monitoring and tracking same.
Issues such as obtaining accurate migration data and coordinating the efforts of regulatory agencies, money transfer companies (MTCs) and fintech firms have...
Fourteen (14) African commodity exchanges have agreed to harness their collective potential under the African Continental Free Trade Area (AfCFTA), in what market watchers describe as one of AfCFTA's biggest feats so far.
Known as the AfCFTA Association of Commodities Exchanges (ACX), its major aim is to work collectively in...
Governor of the Bank of Ghana, Dr. Ernest Addison, recently spoke at the IMF-African Caucus Meeting at the World Bank/IMF Meetings in Marrakech, Morocco, where he emphasised the importance of strengthening multilateral coordination and regulatory efficiency for sovereign debt resolution in low-income countries (LICs) through the creation of a...
According to section 41 of the VAT Act, businesses are compelled to issue VAT invoices at all times - and failure to do so contravenes the law.
It is to this end that the Ghana Revenue Authority (GRA) is continuing its arrests and clampdowns on non-compliant VAT-eligible businesses. Head of...
The delay in approving tax waivers to companies under the One District-One Factory (1D1F) initiative by parliament has been described as ‘worrying and killing industry’ by the Chairperson of the Trade Committee in Parliament, Carlos Kingsley Ahenkorah.
Mr. Ahenkorah made these remarks on the floor of parliament following presentation of...
Commercial Paper (or CP) notes are firmly integrated into the core of Ghana’s financial landscape.
Consequently, Ghana Stock Exchange (GSE) is actively pursuing self-regulatory status from the Securities and Exchange Commission (SEC) in a bid to simplify the regulatory framework for the commercial paper (CP) market and bolster investor confidence.
The...
On the occasion of World Youth Skills Day, which falls on July 15, a labour statistics report by the Ghana Statistical Service (GSS) suggests that over 1.5 million youth between the ages of 15 and 24 are classified as Neither Employed, Educated nor Trained (NEET).
The report’s findings were captured...
