Government Scraps ‘Kayayei Tax’
The Akufo-Addo government has resolved to scrap market tolls paid by itinerant head porters (Kayayei), Finance Minister Ken Ofori-Atta has announced to parliament in the new administration’s first...
Tag: economy
Ken Ofori-Atta Presents 2017 Budget
Finance Minister, Ken Ofori-Atta today presented the 2017 Budget and economic statement to the house of parliament. The presentation of the first ever budget delivered under the Akufo-addo’s led...
US Jobless Claims Hit 44-Year Low At End of February
The tight US labor market produced another record low for new claims for unemployment insurance last week, which hit the lowest level in almost 44 years, the Labor Department reported Thursday. The...
GHC16billion Will Be Allocated To Wages, Salaries – Ofori-Atta
GH¢16billion will be used for wages and salaries alone in 2017, Finance Minister Ken Ofori-Atta has told parliament as he read the Akufo-Addo government’s first budget. He said GH¢5.5billion will...
Taxes On Airline Fares, Spare Parts Abolished
The Financed Minister Ken Ofori Atta has announced major tax cuts in government’s first budget presented to Parliament today, Thursday March 2. The tax cuts are in fulfilment of promises made by...
Government To Roll Out NPP Version of ‘operation Feed Yourself’
The last time Ken Ofori-Atta presented a budget it was perhaps before a small group of NPP bigwigs and he did so as chairman of NPP fundraising committee. That budget was key to how the NPP won the...
Taxes On Imported Spare Parts; Kayayei Abolished
The Akufo-Addo government has abolished import duty taxes on spare parts as it promised during the campaign for election 2016. The Minister of Finance, Ken Ofori Atta, announced the removal of this...
Government To Scrap Petrol Duty – Ofori-Atta
Government also intends to reduce the special petroleum tax rate from 17.5% to 15%.(file photo) Excise duty on petroleum products will soon be scrapped by the Akufo-Addo government, Finance Minister...
Continental CEO Eyes New Business From Opel-Peugeot Deal
Continental (CONG. DE) expects a possible tie-up between PSA Peugeot Citroen (PEUP.PA) and General Motors' (GM.N) Opel division would boost its business, its chief executive said. "Opportunities...
We Can’t Borrow Our Way Out
Finance Minister, Ken Ofori-Atta, has emphasized the need to “trigger” a national sense of urgency as an effective measure to tackling Ghana’s economic challenges. According to him, the...
Dollar Rises, Global Stocks Hold Highs On March Fed Rate Hike Bets
European stocks held near 15-month highs and the dollar strengthened against other top global currencies on Thursday on growing expectations that the U. S. central bank will raise interest rates...
AB InBev Suffers First Core Profit Decline On Brazil Slump
Anheuser-Busch InBev, the world's largest brewer, suffered its first decline in core earnings since its formation over a decade ago as recession-hit Brazil depressed beer sales by even more than...
Deutsche Telekom CEO Says Keen On U.S. Mobile Consolidation
Deutsche Telekom is keen for its T-Mobile US subsidiary to take part in a consolidation of the U. S. mobile market and is open to being either a buyer or a seller, its chief executive said on...
Reducing Statutory Fund Allocations Will Slow Development – James Avedzi
Deputy Minority Leader in Parliament, James Klutse Avedzi, has kicked against the possible review of the law to reduce the allocation of statutory funds. Speaking on Eyewitness News ahead of the...
We’ll Restore Fiscal Discipline – Ofori-Atta
The government of Nana Addo Dankwa Akuffo-Addo will restore fiscal discipline in the Ghanaian economy and reverse its dwindling fortunes, Ken Ofori-Atta, Minister of Finance, has said. Presenting the...
Kenya Tipped To Create 7,500 Super Rich People In 9 Years
Kenya has been tipped to create at least 7,500 new dollar millionaires in the next nine years as Nairobi grows to be among the most preferred cities in the world for investment. A significant rise in...
U.S. Dollar Stocks Continue To Decline
A NEW report has raised fears that the United States dollar could be completely wiped out of the Zimbabwean market, with disastrous consequences on the fragile economy. The report, authored by...
What the 2017(q2-Q4) Budget Must Address
Bankruptcy arises when creditors are reluctant to lend or give credit to you mainly because of the fact that you can not meet your current and future financial obligations and as such, some security...
High Expectations As New NPP Government Presents Maiden Budget
There are high expectations among the citizenry as the barely two-month old New Patriotic Party (NPP) government presents its maiden budget statement to parliament today March 2, 2017. Many are...
Emirates Marks 1st Year On World’s A380 Non-Stop Route Longest
Upgrading the aircraft type to the double-decker A380 on its daily non-stop service connecting Dubai and Auckland was one of the key reasons for a successful first year on the route, the world’s...