Business

Last week, the Ghana Revenue Authority (GRA) announced that it had waived interest payment and penalties on tax defaulting companies and individuals as part of measures to encourage full compliance. Subsequently, it has asked the tax defaulters; that is, those already in the tax system and the ones yet to register with the GRA, to take full advantage of the ...

Ghana’s macroeconomic performance improved in 2017 after a difficult 2016. The country’s economy expanded for the fifth successive quarter in September 2017; at a rate almost double that of 2016, according to a World Bank report released today. The 3rd edition of the Ghana Economic Update, which focuses on agriculture as the engine of growth and jobs creation, notes that ...

The President, Nana Addo Dankwa Akufo – Addo has acknowledged the need for Ghana  to stop the  practice of  exporting its valuable products  in their raw form as  the country needs to  add  value to these products in order to  propel the  Ghana beyond  Aid agenda.     The  President said at the 61ST independence  anniversary celebration in Accra on Tuesday,”Fellow ...

The Bank of Ghana (BoG) will commence the implementation of the Deposit Insurance scheme in the second quarter of 2018. Deposit insurance is a protection provided by the state against risk of loss of deposits in a deposit taking institution. The scheme, among other things, seeks to safeguard the savings of individual depositors in the country in order to build ...

Government has announced its resolve to create 30 Business Resource Centres this year as part of its industrial transformation Agenda and its vision to spread industrialisation across the entire geographical regions of Ghana. Business Resource Centres (BRC) are expected to provide a one-stop shop enterprise development services to enterprises located within a particular district. This means that companies would enjoy ...

Thousands of  jobs are  expected  to be created   for the youth of Nsawam and  its surrounding communities by  Voltic Ghana  Limited following the commissioning of its  new packaging  line at its second  facility at Akwadum Near Nsawam  in the  Eastern region. The  new  high  speed  line which costs $ 6.5  Million dollars is an investment  by Coca  Cola  Beverages  Africa,(CCBA),  ...

Ghana’s performance in the 2017 Open Budget Survey has remained stagnant after gaining overall score of 50 out of 100 points, declining by a point in the previous survey conducted in 2015. The score connotes that, the government of Ghana provided the public with limited budgetary information in the years under review. The limited, according to the report meant that ...

The Commission on Human rights and Administrative Justice (CHRAJ) has cleared the Minister of Finance (MOF), Mr Ken Ofori-Atta, of allegations of conflict of interest in the issuance of some bonds. The Commission, however, after its investigations of allegations made against the minister by a citizen, Mr Yaw Brogya Genfi, gave wide-ranging directives in relation to the bond issuance processes ...

  The Customs Division of the Ghana Revenue Authority (GRA) has intercepted fake US dollar notes amounting to $358,000 at Sogakope in the Volta Region. The fake notes, in $100 denominations, were concealed in a Nigeria-registered commercial Nissan Pathfinder vehicle, with registration number AKD 710 EP. According to the Assistant Commissioner in charge of the Aflao Border,  Mr Frank Cudjoe Ashongthe, ...

The judgment delivered by The Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) recently has triggered a rush by licensed Oil companies operating at Ghana’s oil production blocks to settle their Annual Surface Rentals. Public Agenda is told that 14 out of the 17 companies in the records of the Ghana Revenue Authority (GRA) have ...