Business

The Vice President, Dr Mahamudu Bawumia, has called on prospective investors, particularly those from India, to take advantage of the increasingly business-friendly environment being created by the Nana Akufo-Addo government to set up businesses in Ghana. Vice President Bawumia has also assured the investor community of adequate protection and market for their investments, and expressed Government’s willingness to engage with ...

Government of Ghana stands to lose over two hundred millions Ghana cedis revenue from the mining operations of RCP quarry concession at Ablekuma in Accra if concrete measures are not put in place to enforce existing rules and regulations with law and order. The RCP, a quarry company was established in 1999, and commenced business operation on January 1st 2000, ...

The Manager of the Asokwa Small Taxpayer Office of the Ghana Revenue Authority (GRA), Mr. Sakyi Duodu, says voluntary tax compliance is vital to government’s push towards “Ghana beyond aid”. Every income earner should accept to voluntarily pay their tax to achieve this vision. Mr. Duodu identified taxation as the lifeblood of every economy and said the economies of the ...

The Public Interest and Accountability Committee (PIAC) says it welcomes the intense public discussions around the findings and recommendations of its report on the inspection of petroleum- funded projects shared with Ghanaians at its Press Conference on Tuesday, 10 April, 2018. It however regrets attempts by some individuals to cast doubt on the integrity of the report in question. The ...

Ghana and the Japan International Cooperation Agency (JICA) have agreed to review bilateral cooperation in various sectors to support the attainment of the Ghana Beyond Aid Vision. To this end, a working group is to be set up at the political and technical levels to draw awork plan to concretise this understanding. This decision was reached when Mr Ken Ofori-Atta, the Minister of ...

The Ghana Federation of Disability Organizations and member representative organizations of Persons with disabilities are working tirelessly to ensure that bills that do not address their issues are not passed into law. They bemoan their concerns have mostly been relegated to the back burner and thus, time has arrived for them to press for inclusion of their issues into the ...

Cashew processors have called on the government to impose taxes and levies on the exportation of raw cashew nuts to protect the local cashew processing industry. Aside from the fact that the country did not earn much revenue from the exportation of the raw nuts, the processors said foreigners rather benefited more from the export while they collapsed the local ...

The Association of Ghana Industries (AGI) has signed an agreement with Appolonia City to build an industrial park within the large-scale urban development. The agreement will see up to 1,000 acres of Appolonia City designated for use by some of Ghana’s leading manufacturing and industrial companies and provide significant employment opportunities for the area. “Signing this agreement aligns with the ...

The Ghana Revenue Authority has appealed to persons who are yet to register for the Taxpayer Identification Number (TIN) to take steps to do so as it begins the enforcement of the law. With effect from April 1, 2018, a person without the TIN, an 11-digit unique number given to identify Taxpayers and enable GRA to credit them whenever they ...

An oil and gas policy think tank, Centre for Natural Resources and Environmental Management (CNREM), has alleged that Ghana lost about $902.45 million in the oil sector because some of the oil companies paid less taxes and royalties to the country. According to the centre, although the oil resource is in Ghana, the county makes less than 20% of the ...