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The Government, on Friday, announced measures to address perceived issues of child labour in the cocoa industry, despite the inaccuracies in a report of a survey of the NORC of the University of Chicago. Ghana and La Cote d’Ivoire are contesting the conclusions of the survey of the NORC, which …
Read More »No dividend for Fan Milk shareholders
Ice cream manufacturer, Fan Milk Ghana Limited, will not pay dividend for the year 2019. The company, which is one of the most profitable listed firms on the Ghana Stock Exchange, attributed the decision to the COVID-19 pandemic. It said in a statement that “In the uncertain context of COVID-19 …
Read More »Nigeria to import salt from Ghana for its petrochemical industry
Oil-producing West African giant, Nigeria will in the coming days turn its attention from importing salt from Brazil for its petrochemical industry. The country is likely to focus on Ghana for the resources due to its abundance in Ghana. This comes after President Nana Addo Dankwa Aufo-Addo on Friday, June …
Read More »PURC monitoring utility relief packages by government
Mr. Patrick Antwi, the Regional Manager of Public Utilities Regulatory Commission (PURC), Sunyani Regional office, said they are closely monitoring the various utility service providers to make sure the implementation of the relief package announced by the President is being carried out smoothly. He said the Sunyani Regional Office with …
Read More »UNIPASS deal is making government unpopular
On a daily bases, the New Patriotic Party (NPP)-led government suffers a growing public condemnation from groups and individuals whose businesses have been affected by the continuous incompetence of the Ghana Link/UNIPASS-ICUMS platform that has disrupted trade facilitation and revenue generation. The proven avenue for revenue loss caused by the new system, …
Read More »South Africa COVID-19 cases jump to 52 991, death toll rises to 1 162
The country registered 82 more COVID-19 related deaths on Tuesday, bringing the death toll to 1 162. Out of the 82 people who died, 61 are from the Western Cape, 11 from the Eastern Cape and 10 from Gauteng. South Africa’s COVID-19 mortality rate is at 2.2%, while those who are …
Read More »Bank of Ghana spends GH¢306m on printing cedis in 2019
A total of GH¢306 million has been spent by the Central Bank to print money in 2019 including the new notes of GH¢100 and GH¢200. From GH¢147million spent in 2018, the jump, which represents an increment of 108%, is attributed to the new notes. According to the Bank of Ghana’s 2019 …
Read More »Coronavirus: Bring back luxury vehicles tax to address revenue shortfalls – Expert
A tax expert and the Fiscal Policy Lead at Oxfam Ghana, Dr. Alex Ampaabeng is calling on the Akufo-Addo-led government to re-introduce the Luxury Vehicles Tax which was abolished in 2019 few months after its introduction amidst criticisms. Ghana’s overall fiscal deficit for the year 2020 is expected to increase …
Read More »Govt to borrow GH¢17.8bn in 3 months
The government of Ghana is seeking to borrow GH¢17.8 billion between May and August 2020. According to the Issuance Calendar, GH¢15.8 billion is to rollover or settle maturities and the remaining GH¢2.03 billion is a fresh issuance to finance government projects. The 91-Day Treasury bill dominates the issuance calendar with …
Read More »Attempts to cut MTN’s ‘monopoly absurd’ – Franklin Cudjoe
IMANI boss Franklin Cudjoe has described as absurd plans by the Communications Ministry to cut the ‘monopoly’ of MTN in the communications industry. According to him, the move is akin to being penalised for being too good in class. A statement by the government and signed by the sector Minister, …
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