Business

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 ...

The Ghana Shippers’ Authority (GSA) has clarified the reason behind its decision to abandon the fumigation contract signed by itself as the client, the Ghana Health Service (GHS), as the regulator, and LCB Worldwide Ghana Limited, as the service provider. It explained that the contract contained clauses that were not in favour of the country and also not in line ...

The Senior Minister, Mr Yaw Osafo-Maafo, has charged the Joint Cocoa Committee of Ghana and Cote d’ Ivoire to come up with programmes and policies that would improve the welfare of the farmers in the sector. He said in spite of the numerous challenges bedevilling the sector, improving the quality of life of the farmers should be the topmost priority ...

The President of the Ghana Association of Bankers (GAB), Mr Alhassan Andani, has backed the move by the Bank of Ghana (BoG) to hand over the management of uniBank to the auditing firm, KPMG, to restore uniBank to financial health. The timing, Mr Andani, who is also the Managing Director of Stanbic Bank, said, was appropriate to protect the bank’s ...

The Dormaa Poultry Farmers Association has appealed to the government to waive the new 15 per cent Value Added Tax(VAT) imposed on imported day-old chicks. The association pleaded with the government to maintain the old tax of five per cent and scrap the new 15 per cent VAT rate it has started implementing since the beginning of March, this year. ...

Consumers of electricity should expect the reduction in tariffs from April and not from tomorrow as announced by the Public Utilities Regulatory Commission (PURC). This is because the Electricity Company of Ghana (ECG) explains that the implementation cannot reflect on the bills of consumers due to the monthly cycle billing system it uses. The PURC, last week announced that it ...

Zenith Bank Ghana, a market leader in the banking industry and Vodafone Ghana, a leading telecommunications company, have entered into a mutually-beneficial partnership to bring unmatched benefits to their customers. The collaboration is to harness significant synergies from both institutions – with Zenith Bank’s Platinum Banking service offering Vodafone Black customers a highly personalized level of banking service and a ...