HomeBusiness

Business

COCOBOD’s Agrochemicals and fertilizers not auctioned says GRA

The Ghana Revenue Authority (GRA) has refuted reports alleging its auctioning of agrochemicals, fertilizers, and other inputs due to the Cocoa Marketing Company's (COCOBOD)...

Ghana’s earnings from crude oil exports, production fall by over $400m in 2023

Ghana’s total earnings from exports of crude oil, production activities, surface rental and corporate taxes for 2023 witnessed some significant decline. A review of Ghana’s...

Guinness, 4 others top gainers on GSE in January 2024; market starts 2024 on positive note

Guinness Ghana Breweries Limited (30.59%), Unilever Ghana (9.74%), Asante Gold (9.70%), Access Bank (8.82%), and Total Ghana (5.56%) were the top gainers on the...

Salute and give particular recognition to BoG for pulling economy back – Bawumia

Vice President, Dr. Mahamudu Bawumia, has urged Ghanaians to salute and give particular recognition to the Bank of Ghana, which has come under unfair...

IMF asked government to choose between taxes and cutting expenditure – Yusif Sulemana alleges

Bole Bamboi MP Yusif Sulemana says the International Monetary Fund (IMF) asked government to either increase revenue by 0.2% of the GDP in the...

GUTA to meet Bawumia after address [watch]

View this post on Instagram ...

Labadi Beach Hotel honoured with 5 awards for service excellence

Ghana’s premier Five-Star Hotel, Labadi Beach Hotel has once again proven to be the most admired Hotel establishment in Ghana and one of the...

I’ll establish a credit card system if elected as President – Bawumia

The Vice President of Ghana, Dr Mahumudu Bawumia has expressed readiness to establish a credit card system if elected as President in the December...

Ghana’s economy has performed better under NPP than under Mahama era – Bawumia

Vice President Dr. Mahamudu Bawumia says key economic indicators point to a better economic performance by the government than that of the period 2013-2016...

E-Levy will be abolished if I’m voted into power – Dr Bawumia

Vice President Dr Mahamudu Bawumia has pledged to abolish the controversial levy on electronic transactions, commonly known as the E-Levy if elected into power. Addressing...

Ghana earned $521.86m from crude oil in second-half of 2023

Ghana earned $521.86 million from crude oil in the second half of 2023, the Second-Half Ghana Petroleum Funds 2023 has revealed. Out of that, the...

Cedi to end 2024 at GH¢13.40 to a dollar

The Ghana cedi is expected to end 2024 at GH¢13.4 ± 0.10 to one US dollar. According to Databank Research, this would be influenced by...

Government borrowed GH¢22.06bn via T-bills in January 2024

The government of Ghana borrowed GH¢22.06 billion via treasury bills in January 2024. This is about 35.80% more than the targeted amount of GH¢15.13 billion. The...

BoG commended for making economic data more accessible

The Bank of Ghana has received praise for enhancing the accessibility of economic data via its recently launched Database Portal. On Monday, February 5, 2024,...

Ghana witnessing worst tax system under Akufo-Addo – Seth Terkper

Former Finance Minister, Seth Terkper has criticized the Akufo-Addo government for implementing what he considers the "worst tax system" in Ghana's history. He argued that...

Cedi depreciates 2.50% to dollar since January 1

Renewed corporate demand pressures saw the cedi losing value to the dollar last week, increasing its year-to-date loss to about 2.5%. This is despite the...

Ghana must stick to and implement fully Fund- support programme – IMF

The International Monetary Fund has said that it is important for Ghana to stick to the International Monetary Fund – support programme being implemented...

Spintex, Dzorwulu most expensive places to buy kenkey; Teshie, La cheap selling points

Spintex, Dzorwulu, Circle, and other places in the Accra Metropolis have been marked as the most expensive places where kenkey is sold. Places such as...

BoG to meet GRA, financial sector stakeholders over illegal MoMo deductions  

The Bank of Ghana will tomorrow February 6, 2024, meet officials of the Ghana Revenue Authority and stakeholders within the financial sector to address...

Urgent action needed to tackle sanitation crisis at Anloga fish market

Residents and authorities in the Anloga District of the Volta Region are facing a severe sanitation crisis that is causing serious health concerns, particularly...

Rising cost of doing business renders operations highly unproductive – GUTA

The President of the Ghana Union of Traders Associations (GUTA), Joseph Obeng has said the rising cost of business operations in the country has...

Agric Ministry ordered to disburse GH¢1.8m to farmers affected by Bird Flu within 1 month

Parliament acting the Public Accounts Committee (PAC) has instructed the Ministry of Food and Agriculture (MOFA) to compensate farmers who suffered losses due to...

Ghana’s fiscal deficit to narrow to 4.5% of GDP in 2024; GH¢55.93bn to be spent on interest  payments

Ghana’s fiscal deficit to Gross Domestic Product (GDP) ratio is expected to narrow to 4.5% ± 50 basis points in 2024, Databank Research has...

Independent Tax Appeals Board to begin work by quarter one, 2024 – GRA Boss

The Independent Tax Appeals Board is set to commence work by the first quarter of 2023 as all documentation and recommendations from the Attorney...

T-Bills auction: Interest rates fall again to 28.29% as government achieves 59% oversubscription

Interest rates fell for the fifth consecutive week on the yield curve, according to results of treasury bills auction by the Bank of Ghana. This...

Emissions levy: Electricity prices may go up – IPGG CEO

The CEO of Independent Power Generators, Ghana (IPGG) has hinted at a potential increase in electricity prices following the introduction of the Emissions Levy. Dr....

Emissions levy, VAT on electricity will affect businesses – GUTA

The Ghana Union of Traders Association (GUTA) has expressed its opposition to the proposed implementation of Value Added Tax (VAT) on electricity charges and...

LPG Marketers Association welcomes new mode of importation

The Liquefied Petroleum Gas (LPG) Marketers Association of Ghana has welcomed the maiden Open Competitive Tender for LPG imports into the country. According to the...

64% of Ghanaian workers financially stressed – Old Mutual Financial Services Monitor

Sixty four percent of working Ghanaians are financially stressed, particularly amongst lower income earners (below GH¢3,000 per month) and those working in the informal...

Companies laying off workers due to numerous taxes – GNCCI

The Chief Executive of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, has bemoaned the rate at which companies are collapsing...

Suspend controversial Emission levy – GUTA urges govt

The Ghana Union of Traders Association (GUTA) is urging the government to abolish the recently introduced Emission levy. The Emission Levy, introduced by the Ghana...

OMCs start increasing fuel prices; diesel going for GH¢13.49 whilst petrol selling at GH¢12.69

Some Oil Marketing Companies (OMCs) have started increasing prices of petroleum products at the pumps from today, February 2, 2024. Market Leader, GOIL is selling...

BoG to cut policy rate again to 28% in March 2024 – Fitch Solutions

The Bank of Ghana will cut the policy rate by another 100 basis points to 28.00% at the next Monetary Policy Committee meeting in...

Govt has no business building houses – Ghana Institution of Engineering President

The President of the Ghana Institution of Engineering (GhIE), Ing. Kwabena Bempong, has pointed out that the government has no business building houses. According to...

Taxes have become more of a punishment to businesses – Badu-Abogye

The Chief Executive of the Ghana Chamber of Commerce and Industry, Mark Badu-Aboagye, has expressed serious concerns about the escalating burden of both direct...

Bawumia urges accountants to embrace innovation and adapt to strategic business partnerships

The Vice President, Dr. Mahamudu Bawumia, has tasked accountants to go beyond traditional roles by embracing innovation and adaptation to become strategic business partners....

Invest in E-vehicles rather than taxing us – Online drivers

President of the Ghana Online Drivers Union, Francis Kweku Tengey, has advised the government to invest in electronic vehicles (e-vehicles). This way, there would be...

Our strong policies helped push inflation down drastically – BoG

The Bank of Ghana has said its strong policies coupled with a relative exchange rate stability, and effective liquidity sterilization efforts pushed inflation down...

Angry farmers take protest to EU summit with tractors and fires

Farmers descended on Brussels to press a summit of European Union leaders to do more to help them with taxes, rising costs and cheap...

Only 15.0% of farms in Ghana are commercialised – Report

Only 15.0% of farms in Ghana are commercialized, C-Energy Global Holdings has stated. It report on “Creating Agriculture Financing Schemes for Sustainable Agriculture and Food...