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Oil producers in Ghana may be compelled to halt their production if the global price of Brent Crude continues to fall, Institute of Energy Security, IES has said. Speaking to Citi Business News on implications for Ghana, the Executive Director of IES, Paa Kwesi Anamuah Sakyi said the falling price …
Read More »GRA urges taxpayers to file tax online
The Ghana Revenue Authority has encouraged taxpayers to continue to file their tax returns online and make payments through the banks. The Authority appealed to all taxpayers to fulfill their tax obligations to meet government’s needs in the wake of the coronavirus pandemic. Reverend Ammishaddai Owusu-Amoah, GRA Commissioner-General told the …
Read More »Takoradi Port going back to manual makes mockery of gov’t’s paperless agenda
On Monday, the B&FT published a story that showed that the second-largest sea port in the country, Takoradi Port, since April 1 has been struggling to electronically clear goods coming through due to technical challenges facing the UNIPASS/Integrated Customs Management Systems (ICUMS). Sources at the port say that valuation is …
Read More »Ghanaians who depend on remittances in trouble – Report
If you depend solely on relations abroad for funds to support daily living or schooling then hard times are before you. This is because remittances are expected to decline by about 23.1% in sub-Saharan Africa, and Ghana will be one of the hardest hit. Many Ghanaians depend on their relations …
Read More »Asutifi North District IRC Intensify Measures To Fight COVID-19.
The Asutifi North District Assembly (ANDA) in the Ahafo Region in collaboration with International Rescue Committee (IRC) has put measures in place for residents to fight against the COVID-19 pandemic. IRC which is one of the partners of the Water Sanitation and Hygiene (WASH) program in the district in line …
Read More »Inflation to end 2020 at 8.7% – EIU
The Economist Intelligence Unit (EIU) is projecting a 0.2% increase in average inflation to 8.7% for this year. This means prices of goods and services will largely remain same, whilst interest rates stay low. “Despite a sharp downturn in economic activity, we expect annual average inflation to edge up in …
Read More »Don’t increase transport fares – Road Transport Operators caution drivers
The leadership of Road Transport Operators has cautioned transport operators not to increase fares in the wake of the coronavirus pandemic. According to the group, the existing transport fares are to be maintained, urging all operators to adhere to the laid down procedures for the determination of transport fares. The …
Read More »Payboy, another Ponzi scheme, stay away – Coalition of Aggrieved Menzgold customers
The Coalition of Aggrieved Customers of Menzgold (CACM) has described Payboy Company Limited, an alleged offshoot of the defunct gold trading company, Menzgold Ghana Limited as a Ponzi scheme and cautioned its members against doing business with them. This follows calls on customers by Payboy Company to pay an amount of money in order …
Read More »Reduce fuel prices or we increase fares – Drivers
Members of the National Concerned Drivers Association have threatened to increase transportation fares by the end of this week if the government does not reduce the price of fuel at the pumps with immediate effect. The association said its members have obeyed President Akufo-Addo’s directives of reducing the number of …
Read More »Coronavirus erodes cedi’s gains
Despite all the gains made by the local currency against its major trading currencies at beginning of the year, especially the United States dollar, the coronavirus pandemic impact has washed all away, causing the cedi to lose its strength. The cedi, which appreciated by 4.5 percent as of the end …
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