BUSINESS

Government could increase the education budget by US$1.5 billion if it increases the tax-to-GDP ratio by 5 percentage points in the medium term, international civil society organisation, ActionAid has said in a new report. ActionAid estimated that a 5-percentage-point increase in the tax-to-GDP ratio would lead to about US$7.8 billion …

The Banker to Banker Lotto Writers’ Association of Ghana (BBLWA) has threatened to hit the streets if President Nana Addo Dankwa Akufo-Addo fails to remove the current boss of the National Lottery Authority (NLA), Osei Ameyaw from office. The association has accused Mr Ameyaw as working against them to take …

Finance Minister Ken Ofori-Atta has said the government will implement deliberate policies to attract diaspora investors to invest in the Ghanaian economy. He said that the government has already started attracting foreign investors into the country. Speaking on the sidelines of the Diaspora Business Breakfast meeting organized by the Ghana Investment Promotion …

The Institute for Energy Security (IES) is projecting fuel prices on the domestic market to go down in second half of November this year. IES said it is as a result of indications from the first half of the window. According to IES, prices of fuel on the local market …

Nissan Motor Co. is set to start final assembly of cars in Ghana, responding to new legislation aimed at turning the West African country into an automotive hub for the region’s 380 million people. The Yokohama-based company is partnering with Japan Motors Trading Company Ltd., a Ghanaian car dealership, to …

  Vice-President Dr. Mahamudu Bawumia has urged all merchants in the informal and formal sectors to acquire and start using the all-new, all-inclusive Universal Quick Response Code (QR Code) system developed for Ghana, as part of efforts by the Akufo-Addo government, to migrate the economy from a cash-based one to a cash-lite …

A young university graduate who scored a first-class in mathematics has resorted to what has been described as petty farming to make ends meet. Reports say Emmanuel Nworie from Nigeria graduated with a CGPA of 4.92/5.00 from the University of Nigerian, Nsukka (UNN) but has not found the befitting white-collar …

The National Insurance Commission (NIC) has shared with the general public all the insurance entities that can be trusted for business operations. NIC is the regulatory and supervisory body of the insurance services sector with a broad consumer. The commission has served the general public with the list of insurance …

Government accepted all bids for the 7-year cedi bond and the 3-year dollar bond issuance, according to auctioning results obtained from the Bank of Ghana. For the 7-year cedi bond, it raised GH¢1.03 billion at a rate of 20.5 percent, whilst it got US$388.9 million dollars for the 3-year dollar bond …

The Ghana Export Promotion Authority has outlined an integrated list of 17 existing high performing and industrial priority products that could catapult the projected Non-Traditional Export (NTEs) revenue from the current total earnings of US$2.9 billion to US$25.3 billion by 2029. The move forms part of strategic efforts under the …