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Businesses boycott tax stamp launch

The National Association of Sachet and Packaged Water Producers, Importers and Exporters Association of Ghana, Food and Beverages Association of Ghana, Ghana Union of Traders Association, Ghana Institute of Freight Forwarders and Wholesalers, and Shop Owners Association of Ghana have issued a notice to boycott the launch of the tax stamp by the Ministry of Finance slated for Thursday, 31 August 2017. The as ...

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VRA asset sale: IES suspects cronyism

The Institute of Energy Security (IES) has raised red flags against the sale of thermal plants owned by the Volta River Authority (VRA), pointing out that it could be a case of handing over the assets to cronies. In statement on Wednesday, August 30, Principal Research Analyst at IES said: “Government’s announcement of the sale of some thermal plants owned by the Volta River Authority (VRA) comes as a surpr ...

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Fuel prices to remain same in Sept. – COPEC GH

The Chamber of Petroleum Consumers Ghana (COPEC GH) has forecasted that “prices across most pumps are likely to remain stable with no expected increases on current pump prices” in the first pricing window in September which commences on Friday, September 1. COPEC GH said the second window of the current month of August saw averagely, 3% upward adjustments in pump prices due largely to rising world market pr ...

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Menzgold to shut down gold vault

Menzgold Company Limited, an investment company has announced that it shall close its Gold Vault Market from Friday September 15 until further notice but will honour all its contractual obligations with already-existing clients. In a notice published in the Wednesday, August 30 edition of the Daily Graphic newspaper, Menzgold assured that it remains committed and shall continue to discharge its existing con ...

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Gov’t should privatise pension scheme – ILAPI-Ghana

The Institute for Liberty & Policy Innovation (ILAPIL-Ghana) has asked the Government of Ghana to privatise all pension schemes including the Social Security and National Insurance Trust (SSNIT). According to him, it has been established that the management of pension schemes has not been the best, hence the need to privatise the sector. These comment come on the heels of the Economic and Organised Crim ...

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We want to grow local billionaires – Baafi

The Executive Secretary of the Ghana Free Zones Board, Michael Okyere Baafi, has said the organisation has plans of creating local magnates in the country to enable them compete with their foreign counterparts. According to him, if Ghana will be able to build a stronger economy, then there is the need to build the financial muscles of local entrepreneurs to enable them create more businesses. The Free Zones ...

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$30b invested in Ghana’s economy – Free Zones Board

The Executive Secretary of the Ghana Free Zones Board (GFZB), Michael Okyere Baafi, has revealed that Ghana Free Zones Board has invested more than $30 billion dollars in Ghana’s economy since its inception. According to him, the organization and its members across the country need to invest more in the economy to provide jobs for the teeming youth in the country. The GFZB was established on 31st August, 19 ...

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SSNIT lost GHS20b; $72m saga “peanuts” – Consultant

The Social Security and National Insurance Trust (SSNIT) has lost over GHS20 billion of the taxpayers’ money in the past, and, so, the current $72 million software saga is “peanuts”, a financial consultant, Mr Cudjoe Akpabey, has said. The Economic and Organised Crimes Office (EOCO) is currently investigating the $72 million software saga. There are concerns that the monies paid for the system have been ove ...

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Cocoa: AfDB outlines big plans for Ghana, Ivory Coast

Cocoa production in Africa is set to take a turn for the better, as the African Development Bank (AfDB) begin plans to support producers of the crop on the continent. Among other planned interventions, the bank is considering support to Ghana and Côte d’Ivoire to reduce the volatility of the international prices of cocoa. Côte d’Ivoire leads the world in the production and export of cocoa. Ghana and Côte d’ ...

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Tain needs cashew factories – MP

Member of Parliament for Tain constituency, Gabriel Osei, has said the constituency needs cashew processing factories. To that end, he said it will be suitable for the factory to be established under the One-District-One-Factory programme in the area. The One-District-One-Factory programme was launched by President Nana Addo Dankwa Akufo-Addo on Friday, August 25, in Ekumfi where the first factory under the ...

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