BUSINESS

Tamale Central Lawmaker, Ibrahim Murtala Muhammed, has said that as far as the Minority is concerned, the 2022 budget statement remains rejected. For the budget to be accepted, he said, the Minister of Finance would have to relay the entire document in Parliament with the changes duly reflected. “As far as we …

The Electricity Company of Ghana, ECG, has closed down its Krobo District office in Somanya following a protest by some residents within the Yilo Krobo and Lower Manya Krobo Municipalities. The closure took effect from December 1, according to a statement from the ECG in response to the protest. The …

Ghana’s leading indigenous oil marketing company, GOIL Company Ltd, has announced a further 15 pesewas reduction in fuel prices at all its retail outlets across the country effective December 7, 2021. This means that a litre of Super XP (Petrol) and Diesel XP will both sell at GHC6.70 from the …

The National Identification Authority on Monday, December 2021 took delivery of 18 Oman Ma pickup vehicles from the Kantanka Automobile Company. The presentation of the 18 vehicles the first batch 85 cars being manufactured by the Ghanaian automobile firm for the NIA. At a brief handing over ceremony, the Corporate …

Coffin Makers at Asafo Labour in the Kumasi Metropolis have threatened to fight officials of KMA with coffin over what they described as “forcibly ejection” by the authority.   The Coffin Makers who marched in their numbers to the premises of OTEC FM on Monday December 6, 2021 to protest …

Ghana has announced some tax incentives to 29 Belgian investors exploring business opportunities in the country. The Deputy Minister of Trade and Industry, Mr Herbert Krapa, in a keynote address at an information session on Business Opportunities in Ghana, said the incentives include renewable corporate tax holiday of five years …

Finance Minister Ken Ofori-Atta has rubbished reports that the proposed 1.75% e-levy has been reduced to 1%. He said government is yet to reach an agreement with the Minority Caucus on the controversial levy that has dominated the discussion in the media. There were claims by Deputy Majority Leader Alexander …

11 million jobs can be created if the E-levy is implemented. The levy has proven divisive among MPs and unpopular to most Ghanaians Government has hinted that it would step down the current 1.75% rate Finance Minister Ken Ofori-Atta has disclosed one of the main uses to which revenue from …

The Coalition of Commercial Transport Operators has directed all commercial transport operators to embark on a sit-down strike from Monday, December 6th to back home their demand for government to remove five taxes contained in the 2022 budget. The five taxes and levies are- the Price Stabilization and Recovery Levy, …

Energy experts are asking the Public Utilities Regulatory Commission (PURC) to factor the cost of excess capacity accrued to the energy sector into the computation of power tariffs. This, according to them, would help ease the burden of government in off-setting the about US$7.5 billion energy sector debt. Based on …