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Showdown beckons as Trade Minister readies to lay Goods Restriction L.I. despite opposition

In Parliament today, a major decision is set to take center stage. The Trade Minister, KT Hammond, is poised to present the controversial Goods Restriction...

MoMo withdrawals to be limited to GH¢1k per transaction

Mobile Money (MoMo) agents have announced a temporary measure restricting cash withdrawals to a maximum of GH¢1,000 per transaction. The measure which takes effect...

Trade Minister to lay import restrictions bill in Parliament today

The Minister of Trade and Industry, Kobina Tahir Hammond, is today expected to lay before Parliament the Legislative Instrument (L.I.), seeking to restrict the...

AGI backs proposed L.I to restrict strategic imports

The Association of Ghana Industries (AGI) has backed the Trade Ministry’s Legislative Instrument on Export and Import Regulations, 2023, to restrict the importation of...

Alert! Online Fraud: Tricks you should be aware of

In today's interconnected world, accessing goods and services is just a click away. As we approach the end of the year, the online...

Gov’t, private sector must work together to promote locally-produced rice – Association

The President of the Rice Millers Association of Ghana, Michael Darko is backing the Legislative Instrument seeking to restrict the importation of selected strategic...

Warrior King Watches garners global spotlight, elevating Ghana’s cultural essence

The Ghanaian-made luxury watch brand, Warrior King Watches, has secured a spot in the global market to amplify Ghana's rich cultural essence through timekeeping. Renowned...

Komenda Sugar Factory: KT Hammond drags Mahama’s officials to EOCO

Minister for Trade and Industry, K.T Hammond has referred former officials involved in the Komenda Sugar Factory project to Economic and Organized Crime Office (EOCO)...

1.5% electricity tariff reduction will make debt restructuring impossible – IPPs

The Independent Power Producers (IPPs) have described the recent 1.52 percent reduction announced by the Public Utilities Regulatory Commission (PURC) on electricity tariffs as...

We can’t guarantee power generation – IPPs

Independent Power Producers (IPPs) have hinted they may soon shut down production of power due to their inability to reach an agreement with the...

MTN Ghana justifies new price increases

Telecommunications giant, MTN Ghana has justified its decision to increase the prices of its offerings by 15% for prepaid and postpaid customers. The price increase,...

How new restrictions on importation may further inflate prices of key food products

In a bid to boost domestic production, government has recently implemented new restrictions on the importation of selected strategic products, a move that may...

Ghana anticipates food self-sufficiency in 2024, unveils ambitious plans

Ghana's Minister of Finance, Ken Ofori-Atta is confident Ghana would achieve food self-sufficiency by next year, citing strategic measures taken by the government. After touring...

GRA advised to deploy geospatial data to mobilise property tax

The Chairman of the Parliamentary Select Committee on Lands and Forestry, Francis Manu-Adabo, has advised the Ghana Revenue Authority (GRA) to deploy geospatial data...

Don’t restrict imports, reduce taxes – Importers and Exporters Association tells government

The Executive Secretary of the Importers and Exporters Association of Ghana is urging the government to withdraw the Legislative Instrument seeking to restrict the...

Speaker clears way for laying of import restriction L.I. on Thursday

Trade Minister, KT Hammond can lay the government's L.I. seeking to restrict the importation of selected products on Thursday, the Speaker has said. The Minority...

Import Restriction Bill: GUTA sends strong message to Trade Minister

The Ghana Union of Traders Association (GUTA), has expressed concerns about the Import Restrictions Bill, spearheaded by the Minister of Trade and Industry, KT...

Import Restriction Bill: Trade Minister not being honest – FABAG

The Food and Beverages Association of Ghana (FABAG) has accused the Trade Minister, Kobina Tahir (KT) Hammond of dishonesty after engagements on the proposed...

Peasant farmers question import restrictions without strategy to support agricultural sector

The Peasant Farmers Association is questioning the government's decision to restrict the importation of 22 items without a defined strategy to support the agricultural...

Social media on fire over MTN data price increments

MTN Ghana recently announced adjustments to the prices of its data services, citing high operational costs as the driving force behind the decision. Customers were...

High Court grants GRA power to recover GH₵179.4m

An Accra High Court has issued a landmark ruling on the tax assessment of Maersk Drillship IV Singapore, declaring that its income arising from...

GUTA’s proposal to gov’t over Import Restrictions Bill

The Ghana Union of Traders Association (GUTA) has called on the government to provide details and timelines for the implementation of the Import Restrictions...

Check out the new MTN data prices

Telecommunications giant MTN Ghana has officially released its updated tariffs, effective today, November 28, 2023. In an advertisement featured in the November 28, 2023 edition...

How will I be corrupted by giving you the license to import strategic products? – K.T Hammond

The Minister of Trade and Industry, Kobina Tahir Hammond has downplayed suggestions that the strategic products legislative instrument (L.I) will induce corruption at the...

TOR-Torrentco deal shouldn’t happen at all – Energy expert

The Executive Director of the Africa Center for Energy Policy (ACEP), Benjamin Boakye, has said that there are credible entities that can be engaged to ensure...

No bank is on liquidity support – Dr Addison

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that no bank is currently on liquidity support in Ghana although an intervention was made to...

Right quantities of products will be imported to prevent shortage and inflation – K.T Hammond

The Trade and Industry Minister, K.T. Hammond, has assured the populace that the proposed Legislative Instrument (LI) on Export and Import, specifically focusing on...

Minority has stabbed me in the back – K.T Hammond

The Minister of Trade and Industry, Kobina Tahir Hammond, known to many as K. T. Hammond, has expressed feeling betrayed by the Minority in...

Economic activity continues to recover beyond half-year 2023 – BoG

The Bank of Ghana has pointed out that economic activity continued to recover beyond the first half of 2023. According to the Central Bank’s Monetary...

Gold4oil policy not responsible for manganese-laden fuel – BOST

The Bulk Oil Storage and Transportation Company Limited has rejected claims of importing manganese-laden fuel under the government’s Gold-for-Oil Policy. Recent reports have suggested that...

24-hour economy feasible in Ghana – Lecturer

Senior lecturer at the Department of Finance at the University of Cape Coast (UCC) says the 24-hour economy is feasible in Ghana. Dr Seyram Kawor...

Total Mobile Money transactions in 10 months of 2023 reach ¢1.527trn

The total Mobile Money transactions in the first 10 months of 2023 have reached a record ¢1.527 trillion cedis, the Bank of Ghana has...

GUTA, 5 other groups petition parliament over import restriction bill

Six business groups including the Ghana Union of Traders Association (GUTA) have petitioned Parliament to reject the Trade Ministry's proposed import restrictions bill. The...

Court affirms GRA’s GH¢19m tax liability against MTN Ghana

The High Court, Accra, has affirmed a GH¢19 million tax liability imposed by the Ghana Revenue Authority (GRA) on Scancom PLC, owners of MTN...

Ecobank-JoyNews Habitat Fair ends with discount offers [Photos]

The 2023 edition of the Ecobank-JoyNews Habitat Fair which kicked off at the Accra International Conference Centre came to a close on Sunday, November 26,...

SMT Ghana introduces Hitachi equipment to boost the mining industry

SMT Ghana, official distributor of Hitachi Construction and Mining Equipment (HCME) range has held an Open Day event to showcase the latest Hitachi product...

Restricting imports the right way to go but the approach is problematic – Ricketts-Hagan

A former Deputy Finance Minister and Member of Parliament for Cape Coast South, George Kweku Ricketts-Hagan, has expressed support for the introduction of the...

MTN to increase prices from November 28

Telecommunications giant, MTN Ghana has announced plans to implement price adjustments across all its products and services, effective November 28, 2023. This move will result...

Cedi depreciates 25.8% to dollar since January 2023 – BoG

The Ghana cedi has lost about 25.8% in value against the US dollar as of November 2023, the Bank of Ghana has disclosed. According to...

Attorney General speaks on TOR-Torentco partnership deal

The Office of the Attorney General and Ministry of Justice has said it cannot vouch for the credibility of Torentco Asset Management Limited (TAML)...