Business

GRA deploys tax officers to enforce tax stamp

The Ghana Revenue Authority (GRA) has created all the needed condition for stakeholders to comply with the tax stamp directives but some firms have remained unconcerned, the Chief Revenue Officer at the GRA and the Head of Excise Unit, Mr Kwabena Apau Anto, has said. He said the officers of the GRA would be stationed at the various factories for ...

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Cut expenditure, corruption to reduce debt stock – ISSER

The Institute of Statistical Social and Economic Research (ISSER) of the University of Ghana has called on the government to focus on tackling the country’s growing public sector debt. The Institute says failure to meet domestic revenue mobilization targets, coupled with increasing government expenditure makes it difficult to deal with the debt situation. Presenting ISSER’s State of the Ghanaian Economy 2017 ...

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Gov’t eyes Chinese firm to build new Parliamentary block

Government is close to awarding China State Housing Company the contract to build the new chamber block of Ghana’s Parliament, Speaker of Parliament Prof. Aaron Mike Oquaye has disclosed. According to the Speaker, the likelihood of such a decision was reinforced during president Akufo-Addo’s visit to China recently. “We are looking forward to their working as contractors further on this ...

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The baobab ice cream …an innovation from Salomey Ankrah

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People from all over Africa have cherished the mysterious baobab tree. It grows in 32 African countries and is said to live for up to 5,000 years. Yes, 5,000 years. It is known as the symbol of life. It is a succulent plant, which means during the rainy season, it absorbs and stores water in its vast trunk, enabling it ...

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Mcdan Group CEO wins CIMG Man of Year

The Chief Executive of Mcdan Group, Daniel Mckorley and Managing Director of  Internet Solutions, Yvette Atekpe  have been named  Marketing Man of the year and Marketing Woman of the  year, respectively by the Chartered Institute of Marketing, CIMG awards. They were named at an even organized by the CIMG over the weekend. Mr. David Afflu of PZ Cussons and John ...

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IMF highlights emerging threats to Ghana’s programme in review statement

An official statement issued by the IMF after completing the seventh review visit to Ghana, the Fund has highlighted key threats to the country’s ongoing programme. The Fund, for instance, took issues with Ghana’s figures in terms of revenue generation, expenditure and tax exemption measures. The review statement, published below, was, however, quick to add that authorities remain strongly committed ...

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Menzgold to pay customers their monies from Friday

Management of gold dealership company Menzgold, has announced that customers can visit branches of the company to demand their matured investment from tomorrow [Friday], September 28, 2018. Addressing a press conference today, Thursday, Corporate Affairs Manager of Menzgold, Nana Yaw Ofei, explained that the company will pay all its customers that were trading with them until September 12, when a ...

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Don’t panic, we are still strong – Savings & Loans Association

The Ghana Association of Savings and Loans Companies is assuring clients and the general public that the sector is still robust despite recent issues facing the financial sector. A statement from the association to Citi Business News admitted to challenges with some Savings and Loans Companies. But it is confident such issues should be resolved soon as most of the companies are ...

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Performance of Ghanaian Stocks

Equity May Performance 2018 Performance Produce Buying Company Ltd. 25.00% -16.67% Aluworks LTD 12.50% -43.75% PZ Cussons Ghana Ltd 4.76% 120.00% Unilever Ghana Limited 4.32% 37.31% SIC Insurance Company Limited 2.44% 320.00% Guinness Ghana Breweries Ltd. 1.56% 26.21% Republic Bank 1.56% -6.47% Ecobank Ghana Ltd 1.13% 53.03% Benso Oil Palm Plantation Ltd 1.11% 18.79% Ghana Commercial Bank Limited 1.11% 26.34% ...

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Businesses, bankers push for drop in BoG’s policy rate

The Monetary Policy Committee (MPC) of the Bank of Ghana may take any decision but increase its policy rate for banks. These are the indications from businesses and banks ahead of the announcement of the policy rate later on Monday [September 24, 2018]. The MPC has since the beginning of the year reduced its policy rate by 300 basis points, ...

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