The country is expected to make some significant gains in oil production as Aker Energy, the operator of Deepwater Tano/Cape Three Points block offshore, has moved to develop the asset.
This comes as Aker Energy, on behalf of its partners, presented its plan of development (PoD) to the Ministry of...
We know that over the course of history, almost everything conceivable has been taxed: bricks, candles, coal, glass, newspapers, salt, soap, sugar, tobacco, windows, tea… and the list continues.
On 31st March 2023, Ghana’s parliament passed the Income Tax (Amendment) (No.2) bill, 2022. Among the provisions is the re-introduction of...
In 2018, the Ministry of Finance in collaboration with financial sector regulators and other key stakeholders developed a National Financial Inclusion and Development Strategy (NFIDS) to address the fundamental barriers preventing the underserved population from accessing financial products and services that would enable them to generate income, build assets,...
…as inflation drops significantly to 45% in March 2023
Market observers are predicting that the Bank of Ghana (BoG) Monetary Policy Committee (MPC) will keep the benchmark policy rate at its current level in the next meeting in May, following a significant decline in consumer inflation to 45 percent in...
The National Petroleum Authority (NPA) is developing a framework to regulate the importation, storage, processing and marketing of bitumen in the country.
The framework, which will have inputs from the Ghana Standards Authority (GSA), Ghana Highways Authority (GHA) and Customs Division of the Ghana Revenue Authority (GRA), is to streamline...
Amid renewed investor participation in the equities market, the Portfolio Manager at EcoCapital Investment Management Limited, Elliot Amponsah, has advised investors to diversify their investments in the stock market to mitigate risks.
According to him, equities come with a higher level of risk than other asset classes - making it...
…has only 54 officers instead of 800
The Department of Factories Inspectorate (DFI) says an estimated 800 inspectors are required to effectively oversee the supervision of factories’ health and safety needs nationwide.
The department currently has only 54 inspectors across the country, and says it will need over 700 new hands...
There is a need for more well-managed airlines if the African Continental Free Trade Area (AfCFTA) is to be a success, vice president, Ethiopian Airlines Group in charge of Ethiopian-Holiday, Digital Sales and Global Customer Interaction Centre (GCIC), Hailemelekot Mamo, has said.
He said the air transport industry plays a...