Business

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 ...

The cut of the country’s policy rate from 21 to 20 percent by the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has been lauded by a section of businessmen in the Central Business District of Accra. But quickly added that the hundred basis point cut will guarantee businesses growth only if it leads to a significant decline ...

The Food and Drugs Authority (FDA) has cautioned the general public of fake and expired food products smuggled into the market by some traders as Christmas approaches in few weeks. In a telephone interview with Public Agenda in Accra last Thursday, the Head of Communications and Public Education at the FDA Mr James Lartey advised the public to take note ...

The Ghana Revenue Authority (GRA) recently launched a tax campaign to encourage Ghanaians to fulfill their tax obligations. Hopefully, the eight (8 ) million Ghanaians or so, quoted by the Commissioner General as missing from Ghana’s tax register will be enrolled. We commend GRA for its tax campaign and call on all Ghanaians to support the GRA to succeed. However, ...

It is estimated that over forty-five thousand (45000) Ghanaians of school going age are involved in the abuse of one illicit drug or the other. This worrying information was disclosed in the latest United Nations world report on drug use. These drug users can be found in the 275 administrative districts in all the 10 regions of the country, and ...

At the beginning of September, Ghana’s Ministry of Finance brought the heads of State-owned Enterprises (SOEs) to deliberate how to reform SOEs, some of them loss-making, in order to have them play a more strategic role in Ghana’s development. As reported in the local press, the Vice President of Ghana, Mahamudu Bawumia (who gave the keynote address to the Policy ...

Many international and local limited liability companies in the central business district of Accra resolve to fold up if the implementation of the Reviewed Rent Act fails. Businessmen say over hundred percent (100%) increment in rent advance for warehouses and shops in the space of one year is unbearable. In an interview with the Public Agenda in an interview yesterday, ...