Business

Government has targeted the end of this year to pass a Fiscal Responsibility Law to help cap budget deficit, Vice President Dr Mahamudu Bawumia has said. He said the passage of Fiscal Responsibility Law will ensure that the budget deficit will not exceed 5% for a fiscal year. The Vice President was speaking at the Ghana Investment & Opportunity Summit ...

The Chamber of Telecommunications has said it’s open to further discussions with the government over the imposition of taxes on the operations of its members. This follows the increase in telecom service tariffs after the recalibration of the Value Added Tax (VAT). The mid-year budget review saw the separation of the 5 percent GETFund and NHIL levies from the VAT ...

The Trades Union Congress (TUC) has urged the government to introduce very pragmatic measures in the 2019 Budget to deal with the rising cost of living. It said the 2019 Budget should spell out policies and programmes to tackle the persistent weaknesses in the economy and the numerous social and economic challenges that were making life unbearable for the majority of ...

The Ministry of Business Development has launched a digital platform, Ghana Online Mall, to create jobs and also serve as a start up for micro, small and medium scale businesses in the country and to revamp marketing opportunities for the private sector. An initiative under the ministry’s National Entrepreneurship and Innovation Plan (NEIP), the Ghana Online Mall will also serve ...

The petroleum industry is one of the largest and most important sector of Ghana’s economy measured in terms of value addition, revenues to government, investments and export value. It is, therefore, essential that the way the industry is organised and the division of roles and responsibilities take all important public interests into account and ensure that value creation from petroleum ...

Latest data from Ghana interbank Payment and Settlement System has seen Mobile money interoperability record over 1.1 million volume of transactions, five months after its inception. According to the latest data, over 1.1 million transactions were recorded at the end of September. The total value of cross-network transactions amounted to about 99.3 million Ghana cedis In its first month of ...

There is an urgent need for a drastic change in the food and agriculture system in sub-Saharan Africa if the region is to achieve the sustainable development goal on hunger, a Plant Breeding Professor Eric Danquah has said. Prof. Danquah who is founding Director of the West Africa Center for Crop Improvement (WACCI) at the University of Ghana says it ...

Ghana has been ranked the seventh wealthiest country in Africa with a total wealth of 63 billion dollars (US$bn 63) as at December 2017. The figures were contained in The AfrAsia Bank Africa Wealth Report 2018 published in September. The report covers wealth, luxury, prime property and wealth management trends in Africa from 2007 to 2017, with projections to 2027. Ghana’s ...

The Ghana Standard Authority (GSA) and GS1-Ghana, a global organization that specializes in management of barcodes system, has held a joint workshop on standards and labelling requirements for local businesses. The one-day workshop, which assembled manufacturers and retailers, was aimed at providing an avenue for stakeholders to discuss issues related to standardisation and labelling requirements to promote trade. It was also to ...

The Alliance for Development and Industrialization (ADI) is asking the government to establish a US$1billion commodity diversification and alternative livelihood for cocoa farmers as well as the non- traditional export sector in the country. This commodity diversification could triple the country’s agriculture export income within 3 to 4 years. As the country’s export earnings increases it would stabilize the fiat ...