BUSINESS

100-year-old trees on ‘priority’ National Cathedral site relocated

The construction of the National Cathedral of Ghana, which will provide an interdenominational sacred space for the nation, “remains a national priority”, the government has indicated. “Despite delays caused by the COVID-19 pandemic, work is on course to construct the iconic edifice in the heart of the nation’s capital”, caretaker …

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5g network sustainability performance drives business and societal value

Despite the challenges of the COVID-19 pandemic Ericsson – the first company to launch live commercial 5G networks on four continents – remained committed and on track in 2020 towards reaching its sustainability goals while also setting ambitious new targets. The COVID-19 pandemic has accelerated digitalization across the globe. And …

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Trotro, taxi drivers won’t respond to govt income tax rebate – Economist predicts

Economist Dr. Adu Owusu-Sarkodie has predicted that Ghanaians may not enjoy a decrease in transport fares even though government has announced the suspension of vehicle income tax for beneficiaries of commercial public transport popularly called ‘trotros’ and taxis. Caretaker Finance Minister Osei Kyei-Mensah-Bonsu in presenting the 2021 Budget Statement said suspension of …

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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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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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VIDEO: Cristiano Ronaldo silences haters by scoring a hat-trick within 32 minutes

Cristiano Ronaldo has scored a sensational perfect hat-trick inside 32 minutes for Juventus as they lead Cagliari 3-0. The Portuguese superstar has been criticised this week for his part in Juve’s shock Champions League exit at the hands of Porto. But a motivated ‘CR7’ rocked up at the Sardegna Arena …

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Seven reasons why Ghanaians will be worse off under 2021 budget – Ato Forson

Minority spokesperson on Finance Cassiel Ato Forson has enumerated seven reasons why the 2021 budget will make Ghanaians worse off under the Akufo-Addo government. The Energy Sector Recovery Levy, Covid-19 Health Levy, and Sanitation and Pollution Levy are some of the revenue generation measures announced by the Caretaker Finance Minister …

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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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