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Poultry farmers want 15% VAT on imported day-old chicks scrapped

Members of the Dormaa poultry Farmers Association addressing the media

The Dormaa Poultry Farmers Association has appealed to the government to waive the new 15 per cent Value Added Tax(VAT) imposed on imported day-old chicks. The association pleaded with the government to maintain the old tax of five per cent and scrap the new 15 per cent VAT rate it has started implementing since the beginning of March, this year. ...

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ECG tariff reduction to reflect in bills by 1st April

Consumers of electricity should expect the reduction in tariffs from April and not from tomorrow as announced by the Public Utilities Regulatory Commission (PURC). This is because the Electricity Company of Ghana (ECG) explains that the implementation cannot reflect on the bills of consumers due to the monthly cycle billing system it uses. The PURC, last week announced that it ...

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Zenith Bank partners Vodafone to enhance benefits to high-net-worth customers

Zenith Bank Ghana, a market leader in the banking industry and Vodafone Ghana, a leading telecommunications company, have entered into a mutually-beneficial partnership to bring unmatched benefits to their customers. The collaboration is to harness significant synergies from both institutions – with Zenith Bank’s Platinum Banking service offering Vodafone Black customers a highly personalized level of banking service and a ...

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Let’s take advantage of amnesty to honour our tax obligations

Kofi Nti-GRA

Last week, the Ghana Revenue Authority (GRA) announced that it had waived interest payment and penalties on tax defaulting companies and individuals as part of measures to encourage full compliance. Subsequently, it has asked the tax defaulters; that is, those already in the tax system and the ones yet to register with the GRA, to take full advantage of the ...

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Ghana’s 2018 Economic Outlook Positive but…

Ken Ofori Atta, Minister for Finance

Ghana’s macroeconomic performance improved in 2017 after a difficult 2016. The country’s economy expanded for the fifth successive quarter in September 2017; at a rate almost double that of 2016, according to a World Bank report released today. The 3rd edition of the Ghana Economic Update, which focuses on agriculture as the engine of growth and jobs creation, notes that ...

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President advocates value addition to Ghana’s exports

The President, Nana Addo Dankwa Akufo – Addo has acknowledged the need for Ghana  to stop the  practice of  exporting its valuable products  in their raw form as  the country needs to  add  value to these products in order to  propel the  Ghana beyond  Aid agenda.     The  President said at the 61ST independence  anniversary celebration in Accra on Tuesday,”Fellow ...

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BoG to implement Deposit Insurance Scheme soon

Dr Ernest Addison

The Bank of Ghana (BoG) will commence the implementation of the Deposit Insurance scheme in the second quarter of 2018. Deposit insurance is a protection provided by the state against risk of loss of deposits in a deposit taking institution. The scheme, among other things, seeks to safeguard the savings of individual depositors in the country in order to build ...

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30 Business Resources Centres to be created this year

Mr Carlos Kinsley Ahenkorah

Government has announced its resolve to create 30 Business Resource Centres this year as part of its industrial transformation Agenda and its vision to spread industrialisation across the entire geographical regions of Ghana. Business Resource Centres (BRC) are expected to provide a one-stop shop enterprise development services to enterprises located within a particular district. This means that companies would enjoy ...

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Voltic gives hope to Nsawam youth

Tape cutting moment at the inauguration ceremony

Thousands of  jobs are  expected  to be created   for the youth of Nsawam and  its surrounding communities by  Voltic Ghana  Limited following the commissioning of its  new packaging  line at its second  facility at Akwadum Near Nsawam  in the  Eastern region. The  new  high  speed  line which costs $ 6.5  Million dollars is an investment  by Coca  Cola  Beverages  Africa,(CCBA),  ...

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Ghana stagnates in latest Open Budget survey

Ken Ofori-Atta, Minister for Finance

Ghana’s performance in the 2017 Open Budget Survey has remained stagnant after gaining overall score of 50 out of 100 points, declining by a point in the previous survey conducted in 2015. The score connotes that, the government of Ghana provided the public with limited budgetary information in the years under review. The limited, according to the report meant that ...

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