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Business News

  • Benchmark value scrap on 43 items takes effect Tuesday

    The Customs Division of the Ghana Revenue Authority (GRA), effective Tuesday, 4 January 2022, will begin the implementation of the reversal of the 50 per cent benchmark value on imports. It will affect 43 selected items from some three categories, including “home delivery value vehicles, goods on which benchmark values are applied and other...[READ MORE]

  • ‘2022 is a year of economic misery’ – Ato Forson

    The Ranking Member on the Finance Committee of Parliament, Dr. Cassiel Ato Forson says Ghanaians would have to brace themselves up for more economic difficulties this year, 2022. In a six-bullet point post on Facebook, Dr. Forson, who is also the Member of Parliament for the Ajumako-Enyan-Esiam constituency, among other things, said: “folks, we need to brace up...[READ MORE]

  • Cost of borrowing is high – AfCFTA Boss laments

    Secretary General of the African Continental Free Trade Area (AfCFTA), Mr Wamkele Mene, has lamented the high cost of borrowing by the commercial banks in member countries with respect to Small and Medium scale Enterprises (SMEs). Mr Mene stated that sovereign guarantees by governments...[READ MORE]

  • BoG to start gold purchase programme from small scale mining – Bawumia

    Vice President Dr. Mahamudu Bawumia says in conjunction with the Bank of Ghana (BoG), government is going to start a deliberate gold purchase programme which will target purchasing gold from the Small Scale Mining sector. He stated that after series of deliberations, the Bank of Ghana has been persuaded to start this programme which is going to be the first of its...[READ MORE]

  • Ignore Mahama Ayariga’s baseless claims – GAT

    The Ghana Amalgamated Trust (GAT) has dismissed claims by Bawku Central Member of Parliament Mahama Ayargia that there is an alleged negatives activities ongoing at the GAT. Mr Ayariga had accused the management of the GAT of taking undue advantage of some of the banks that needed financial help to enable them meet the new [READ MORE]

  • Economy: Pianim says Bawumia ‘has been exposed by his own exposure’

    Renowned economist and senior member of the New Patriotic Party (NPP) Kwame Pianim has taken a dig at the Vice President, Dr Mahamudu Bawumia, over the oft-quoted ‘economic fundamentals’ attributed to him. Dr Bawumia while in opposition and commenting on the exchange rate then said the managers of the economy would be exposed by the rates...[READ MORE]

  • Q3-2021 GDP up 6.6%

    Ghana’s provisional real Gross Domestic Product (GDP) in volume terms was estimated to have increased by 6.6% in the third quarter (July to September) of 2021 compared to the same period in 2020, the Ghana Statistical Service (GSS) has announced When seasonally adjusted, Ghana real GDP increased by 1.6% in quarter three (July to September) of 2021; 0.5...[READ MORE]

  • E-levy: Remittances, bank transfer, merchant payment taken out – Gov’t

    Information Minister Kojo Oppong Nkrumah has revealed that some changes have been made to the e-levy proposal following consultations that were held. This, according to him, is evident that there had been engagement and listening of the concerns raised. Speaking on the mid day news on TV3 Tuesday December 21, the Ofoase Ayirebi lawmaker said “The first...[READ MORE]

  • GITFiC evaluates AfCFTA, a year after its implementation

    The Ghana International Trade and Finance Conference (GITFiC), an institution championing the evolution of the African Continental Free Trade Area (AfCFTA), has been carefully monitoring and...[READ MORE]

  • Trade Ministry denies Minority’s claim that ¢269m can’t be accounted for

    The Ministry of Trade and Industry has denied claim by Ranking Member of the Select Committee on Trade and Industry and Tourism of Parliament, Hon Emmanuel Armah Kofi Buah that an amount of ¢269million cannot be accounted...[READ MORE]

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