BUSINESS NEWS

The Ministry of Trade and Industry, on Thursday, 10th February 2022, opened the Kumasi branch of truck manufacturer Zonda Tec Ghana Limited located in the Adako Jachie within the Ejisu municipality. This adds to a number of its branches in Tamale, Buduburam, Takoradi and Nsawam, Madina, Kasoa and Amasaman. The …

Finance Minister, Ken Ofori Atta has insisted that Ghana would not return to the International Monetary Fund (IMF) for support in order to deal with the challenges that the local economy is going through at the moment.   Speaking at the 3rd Townhall meeting on the E-levy on Thursday February …

For years, traders who carried a lot of cash on them on long-distance travels to purchase goods complained about incessant attacks by armed robbers. However, the situation drastically changed when they switched to using mobile money transfers. As they are overly reliant on mobile money now, some traders at Racecourse, …

Government of Ghana has lifted the temporary travel restriction on all non-Ghanaian travellers arriving from South Korea with effect from February 4, 2022.   The Ministry of Foreign Affairs and Regional Integration somewhere in December last year, banned travellers from Malta, South Korea, and Israel from entering the country amid …

The Peasant Farmers Association of Ghana is urging the government to pay debts owed to fertilizer companies in the country to ensure the availability of the product throughout the year [2022].     There was a major shortage of the product on the market last year [2021] which saw a …

The Ghana Revenue Authority (GRA) has started the implementation of six tax reliefs introduced by the government to lighten the tax burden on businesses and the citizenry. The reliefs are to cushion taxpayers against COVID-19-induced challenges and quicken the recovery to sustain and create jobs. They include the exemption of …

The Acting Public Affairs Manager of Social Security and National Insurance Trust (SSNIT), Charles Akwei Garshong, has decried the practice whereby some workers decide to change their date of birth when they attain the retirement age. Article 119, Clause 1 of the 1992 Constitution states that “a public officer shall, …

Consumers may have to pay an increase of about eight to twelve percent from February for some commodities should the Ghana Revenue Authority (GRA) implement the amended Value Added Tax (VAT) rate. This is according to the Importers and Exporters Association of Ghana (IEAG). The association says, the amendment, which …

The International Monetary Fund (IMF), says it is ready to support Ghana in any way deemed useful by the country’s leaders amidst its economic challenges. It says Ghanaian authorities have not contacted it for any form of assistance yet. In a statement published on Twitter by IMF’s Ghana country representative, …

The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison, has explained why Ghana’s public sector debt increased to 78.4 percent of Gross Domestic Product (GDP), GH¢344.5 billion, at the end of November 2021, compared with 76 percent of GDP, GH¢291.6 billion at the end of December 2020.   …