Ghana Ripe For Cashlite Economy
Mr Alhassan Andani, Chief Executive of Stanbic Bank Ghana, says going cashlite may be a way out of the recent spate of robberies apparently fueled by the presence of cash. According to the President...
Tag: economy
Electricity Tariffs Reduced; 30% For Non-Residential
The Public Utilities Regulatory Commission (PURC) has announced a 17.5% reduction in electricity tariffs for residential consumers effective march 15. A statement signed by executive secretary Mrs....
Let’s Go Electronic and Reduce Exposure To Robbers
The public has been urged to resort more to electronic forms of payment in order to reduce their exposure to armed robbery and related risks. Mr Archie Hesse, the Chief Executive of Ghana Interbank...
Trump Threatens Tax On EU Cars
US President Donald Trump has stepped up his war of words over trade tariffs, threatening to “apply a tax” on imports of cars from the European Union. Mr Trump said other countries had taken...
IMF Tells Ghana To Adopt New Revenue Plan Before April Review
Ghana must legislate new measures to boost revenues by at least 0.5 percent of gross domestic product before the IMF reviews a $918 million credit deal next month, the Fund said. The West African...
Barclays Africa Group To Re-Brand To Absa Group
The Barclays Africa Group is to rebrand to Absa Group by 2020, subject to receiving the appropriate regulatory and shareholder approval in all their operating countries. The Barclays PLC has since...
GRA Moves To Arrest Declining Excise Tax Revenue
Authorities at the Ghana Revenue Authority have resolved to enforce the Excise Tax Stamp in order to increase government revenue. Addressing the media during a tour by a Taskforce from the Ghana...
‘Pure’ Water Companies To Shut Down Over Tax Stamp Policy
The Bottled Water Producers of the National Association of Sachet and Packaged Water Producers say they will on March 5 meet to decide a possible shutdown if the tax stamp regime negatively affects...
UMB Introduces ‘SpeedApp’ For Seamless Mobile Banking
As part of measures to digitize and make banking more convenient, Universal Merchant Bank (UMB) has launched a mobile application to bring banking to the doorstep of its numerous customers. The UMB...
Medeama To Float Shares On Ghana Stock Market
Medeama are set to float shares on the Ghana stock market, the club has announced. The Mauve and Yellows are currently privately owned by respected business tycoon Moses Armah. The steel magnate...
MDAs Malfeasance: Accountant Urges Re-Orientation of Approving Officers Et Al.
Government may have to consider a thorough re-orientation for all public-sector accountants, treasurers and other approval officers on public financial management regulations to curb the perennial...
Prosecute Tax Stamp Defaulters – Expert Tells Government
A tax expert, Dr Ibrahim Bedi, has advised government to prosecute owners of businesses who will default in paying the Excise Tax Stamp by the March 1 deadline. “They should be prosecuted, they...
Corruption In Ghana Could Reduce If Special Prosecutor Succeeds
The Corporate Affairs Manager of the Ghana Integrity Initiative (GII), Mr. Michael Boadi, is hopeful Ghana would improve in its corruption rating if the Special Prosecutor succeeds in fighting the...
Corruption: Ghana Records Worst Performance In Six Years
Ghana has recorded its worst performance in the last six years in its fight against corruption, the latest corruption perception index (CPI) has revealed. The country dropped three points from its...
Desmond Tutu Severs Ties With Oxfam Over Sex Scandal
The South African Nobel Peace Prize laureate, Archbishop Desmond Tutu, has become the latest high-profile personality to end his ties with Oxfam after the charity was his with sexual misconduct...
BEIGE Launches Nationwide Campaign On Pensions
Financial Services Provider BEIGE has launched a Tier-3 personal pension scheme targeted at ensuring financial independence for subscribers during retirement. The ‘EveryDayPension’ retirement...
Inflation Drops By 1.5% To 10.3% In January
Inflation rate for January 2018 dropped by 1.5% from the 11.8% recorded in December last year to was 10.3%. Acting government statistician, Dr. Baah Wadieh, attributed the decrease to a...
IMANI Scores Martin Amidu High, Wants Him Turn To COCOBOD Once Approved
Policy think-tank IMANI Ghana says former Attorney General Martin Amidu who was vetted by parliament Tuesday for the Office of the Special Prosecutor, has given a good account of himself as the best...
Meeting Held To Finalise President Akufo-Addo’s Policy On Procurement
A stakeholders meeting for the final discussion on views so far collated on President Nana Addo Dankwa Akufo- Addo directive for 30 per cent of the 70 per cent local content in procurement to be...
Financing Gaps Reducing Potentials of SMEs – Consultant
Mr Mawuko Williams, a Consultant with the Frankfurt School of Finance and Management, on Monday said huge financing gaps were reducing the job creation potentials of Small and Medium Scale...