BUSINESS

New taxes, tax cuts clash in 2021 budget

In an effort to achieve direly needed fiscal consolidation while at the same time providing equally greatly needed stimulus to the economy, the President Nana Akufo-Addo administration has unveiled 2021 national budget proposals that comprise a curious combination of tax rebates and newly introduced levies. While the new levies have …

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Govt distributed 28.8 million condoms in 2020

The Ghana Aids Commission chalked some notable successes at the end of 2020 as it was focused on achieving its mandate. One of the most recognizable achievements was the reduction of new infections from 20,068 in 2019 to 17,581 in 2020. This was captured in the 2021 budget presented by …

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Do not fall into the trap of Ponzi scheme operators

We have all been taught various words of wisdom…” Money doesn’t grow on trees” and “Look after the pennies, the pounds will look after themselves” and so on. Thus, there is much significance attributed to the skill in keeping our money safe. As Robert Kiyosaki and Sharon Lechter lay out …

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Transport fares to go up Thursday,18 March – Drivers Association

The National Concerned Drivers Association and True Drivers Union have called on its members across the country to resist any form of increment in road tolls by government. This follows a hint by caretaker Finance Minister Osei Kyei-Mensah-Bonsu about government’s intended review of road tolls. According to the Drivers Association, …

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Parliament to summon Education Minister over ‘Ewes’ in new textbook

Parliament is expected to invite the Minister of Education Dr Yaw Osei Adutwum to appear on the floor of the House to answer questions relating to newly-authored history textbooks for students. This comes after lawmaker for North Tongu Samuel Okudzeto Ablakwa has said he has filed an urgent parliamentary question requesting the …

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Budget deficit more than 18% – Isaac Adongo

Ghana’s budget deficit for 2020 is more than 18 per cent, Bolgatanga Central lawmaker Isaac Adongo has claimed. According to him, the 11.7 per cent quoted by interim Finance Minister Osei Kyei-Mensah-Bonsu when he presented the 2021 budget and economic statement on the floor of Parliament on Friday, 12 March …

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2021 budget: Petrol price to go up 5.7% – Mensa-Bonsu

The price of Petroleum products will go up by 5.7% in the coming days, Caretaker Finance Minister Osei Kyei-Mensah-Bonsu told Parliament today during the 2021 budget presentation. “I should note that on the basis of existing world crude oil prices, the implementation of the two proposed levies for sanitation and pollution as …

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Ghana’s debt stock now GHC291.6b – Mensa-Bonsu

The COVID-19 Pandemic has pushed the country’s deficit and debts to worrying levels, according to statistics presented in the 2021 Budget statement read in Parliament on Friday by the Minister for Parliamentary Affairs, Osei Kyei Mensah-Bonsu. He said the current debt stock is 291.6 billion cedis with 76.1% GDP as …

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GH¢100bn “Obaatan pa” program unprecedented investment – Mensa Bonsu

Minister for Parliamentary Affairs and caretaker Minister for Finance, Osei Kyei Mensah-Bonsu has said that government’s Coronavirus Alleviation and Revitalization of Enterprise Support (CARES) initiative is a singular and remarkable financial investment in the Ghanaian economy by a sitting government. Presenting the 2021 budget statement and economic policy on the …

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Audit Service Board Chair must go – Kumadoe tells Akufo-Addo

Security and Fraud Analyst, Richard Kumadoe, has made a call to President Nana Addo Dankwa Akufo-Addo to remove the chairman of the Audit Service Board, Prof. Edward Dua Agyeman for what he describes as his arbitrary conduct leading to the forced retirement of the Auditor General, Mr. Daniel Yao Domelevo by the President. He …

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Majority Leader Presents Budget Statement Tomorrow March 11, 2021

Majority Leader, Osei Kyei Mensah-Bonsu, will present the 2021 Budget Statement tomorrow, Friday 12, 2021. The presentation is scheduled to take place in Parliament at about 10:00am. He is stepping in the shoes of the Finance Minister-designate, Ken Ofori-Atta, who is taking treatment in the US. There had been speculations …

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Kumasi Central Market Traders Given Ultimatum To Move Out

Meanwhile, the Ashanti Regional Coordinating Council (RCC) has given traders at the Kumasi Central Market up to midnight of March 13th this year, to vacate the market for the reconstruction works to begin. The entire market would be barricaded and the structures pulled down after the deadline and any wares …

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2021 budget will rush Parliament – Terkper explains

The budget reading for 2021 is rearing to suffer some hiccups in terms of time constraints and pressure on the House and its Committees to work with conventional due diligence. The Budget process involves discussions, debates and approving government economic policies and approval of appropriations for the various Ministries, Departments …

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Bayport Managing Director resigns

The Managing Director of Bayport Savings and Loans, Nii Amankra Tetteh, has stepped down from his position as Managing Director of the financial institution A statement by the company said Mr Nii Amankra Tetteh opted out to “pursue other opportunities elsewhere”. Mr was appointed by the Board of Directors of …

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Dog meat shortage hits Sandema market

Dog meat sellers at Sandema in the Builsa North Municipality of the Upper East Region were disappointed when they visited the major market in the area to buy dogs and prepare for their customers. When the Ghana News Agency (GNA) at Sandema visited the dog market on which happened to …

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Cristiano Ronaldo commits ‘unforgivable error’

Cristiano Ronaldo’s “unforgivable error” in extra-time against 10-man Porto in the Champions League proved decisive as Juventus was dumped out by the Portuguese side. With the sides all-square in the 115th minute and with penalties just minutes away, Porto was awarded a free-kick 35 yards away from the Juve goal. In a last-ditch …

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Internet fraud on the rise amid coronavirus

The COVID-19 pandemic has led people to use the Internet on a high scale. Be it for studies, work or entertainment, individuals and organizations are adapting themselves to take the online mode at a greater length and in the process, their activities are subjected to widespread exposure. Alarmingly, the increase in internet …

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The Top 10 Richest Football Club Owners In The World

They say money makes the world go round, and it can certainly help when it comes to transfers, but the richest owners aren’t always the most successful when it comes to football. Manchester City have rather made a fool out of the idea of a proper Premier League title race this …

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Price of iced sachet water now 30 pesewas

The National Association of Sachet and Packaged Water Producers (NASPAWAP) has reviewed the price of iced sachet water from 20 pesewas to 30 pesewas, effective March 15, 2021. A statement copied to the Ghana News Agency by Mr Magnus Nunoo, National President, NASPAWAP, said the increase was the result of …

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A Graduate Accountant Turned Agri – Preneur

Nowadays, young men and women are more interested in professional jobs like; Banking, being Doctors, engineering amongst others and make a spectacle of farming as jobs reserved for illiterates. Well, the story is changing by the day, Mr. Harrison Addison is an Accountant who graduated from UPSA. He is now …

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Kumasi Central Market traders threaten naked demo over relocation

Traders at the Kumasi Central Market on Tuesday stormed the premises of Otec FM, a private radio station, to register their displeasure at Kumasi Metropolitan Assembly (KMA) over their eviction.   The traders, according to them, have their stalls fenced on Tuesday, March 9, 2021, and prevented entry, without prior …

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