Trump To Attend Asia Summits
Donald Trump will attend a series of key summits in Asia in November, his vice president said Thursday, adding it was a sign of America's "unwavering commitment" to the region. The US president will...
Tag: economy
Green Investment Bank Sold To Australian Firm Macquarie
The bank was set up in 2012 to fund renewable energy projects The Green Investment Bank (GIB), set up by the UK government five years ago, has been sold to Macquarie Bank, with a value of £2.3bn....
Britain Loses 1bn Pounds Through VAT Fraud, Error By Amazon, EBay Sellers
Britain is losing up to 1 billion pounds a year in value added tax (VAT) because of fraud or error by sellers using online marketplaces eBay and Amazon, a report by the government auditor said. The...
Pakistan PM Nawaz Sharif Awaits Ruling
Pakistan's Supreme Court is to issue its ruling on corruption claims which could determine the political fate of Prime Minister Nawaz Sharif. Questions arose over his family's business dealings when...
GM Says Venezuela Has Seized Its Car Plant
General Motors says it will immediately halt operations in Venezuela after its plant in the country was unexpectedly seized by authorities. GM (GM) described the takeover as an "illegal judicial...
Ghana Must Do More To Deal With Debt Challenges
Government would have to step up efforts in dealing with the country’s debt levels, the International Monetary Fund (IMF) has indicated. Ghana’s debt as at the end of 2016 was 122 billion cedis,...
Panama Papers: Pakistan PM Nawaz Sharif Awaits Ruling
Pakistan’s Supreme Court is to issue its ruling on corruption claims which could determine the political fate of Prime Minister Nawaz Sharif. Questions arose over his family’s business dealings...
Oil Producers ‘might Have To’ Extend Output Cuts
Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first six months of the year in order to achieve the desired rebalancing...
Local Engineers Take Charge of Ghana Gas
Local engineers at the Ghana National Gas Company (Ghana Gas) have finally taken over technical operations of the country’s premier natural gas processing plant at Atuabo in the Western Region....
Oil Producers ‘might Have To’ Extend Output Cuts
Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first six months of the year in order to achieve the desired rebalancing...
Average Deposit Rate Drops Again In 2017
The average interest offered by banks on customer deposits has dropped by about 0.4 percent between February and March this year. The figure declined from 11.6 percent as at end of February 2017 to...
IMF Backs Ghana’s Domestic Borrowing Drive To Check Ballooning Debts
Government’s decision to turn to the domestic market for loans to finance key projects has received the support of the International Monetary Fund (IMF). With almost a half of the debt stock –...
Japan’s Exports Jump In March
Japanese exports recorded their biggest gain in more than two years in March, official data showed Thursday, in a sign of optimism for the world's third-biggest economy. The strong result, which came...
Ghana Cannot Contain Two Single Window Operators
A Deputy Minister of Trade and Industry, Mr. Carlos Ahenkorah has observed that Ghana as a country and signatory to the WTO Trade Facilitation Agreement is too tiny to accommodate two Single Window...
NPRA Reduces Informal Sector Registration Fees
The National Pensions Regulatory Authority (NPRA), has reduced its exorbitant informal sector scheme registration fees from GHC5,000.00 to GHC1,000.00 to attract and encourage high participation of...
Ghana Too Small To Have Two Single Window Operators
A Deputy Minister of Trade and Industry, Mr. Carlos Ahenkorah, says Ghana, a signatory to the WTO Trade Facilitation Agreement is too small a country to have two Single Window operators. He has,...
Stop Charging VAT On Financial Services
The Ghana Revenue Authority (GRA) has warned financial institutions to discontinue charging Value Added Tax (VAT) on financial services. Acting GRA Commissioner-General, Emmanuel Kofi Nti, in a...
GRA Discontinues VAT On Financial Services
Tax cut is intended to some relieves to financial institutions The Ghana Revenue Authority (GRA) has discontinued the 17.5% Value Added Tax (VAT) imposed the on financial service in the country....
Fed’s Fischer Says Rate Hikes Unlikely To Roil World Markets
As the global recovery has taken firmer hold, gradual US interest rate increases are unlikely to roil world markets or cause undue problems for policymakers, a top Federal Reserve official said...
Achimota Retail Centre Launches Promotion
The management of Achimota Retail Centre (ARC) has launched a promotion to give an opportunity to three of its loyal customers to visit the Zaina Lodge at the Mole National Park in Tamale. Through...