Some Oil Marketing Companies (OMC) have started reducing prices of petroleum products at the Pumps. Market leader GOIL is selling a litre of petrol at ₵14.22, representing 1.38 percent decline from the price quoted about two weeks ago. Diesel has gone down by ₵0.9 per litre and is selling at ₵14.90 per liter. Consumers will…
The Ghana cedi remained relatively stable for the most part of last week, buoyed by a $10 million Bank of Ghana’s spot market support. However, persistent corporate demand pressures put the local unit on the back foot at the tail end of the week’s trading. Consequently, the local unit shed a marginal 0.47% week-on-week against…
The World Bank has revealed that Ghana’s tax system does not generate as much revenue as it could because of the many tax reliefs or exemptions that narrows the corporate income tax (CIT) base. Between 2015 and 2020, the Bretton Wood institution pointed out that, Ghana missed out on an average of about 1.3% of…
The tax treatment of retirement funds in Ghana is among the most generous in the world, depriving the government of significant revenues, the World Bank has disclosed. Internationally, it said the key policy options for pension taxation focus on three major choices. They are Exempt (E) or tax (T) the contributions made into a retirement…
More than half of the 23 banks operating in Ghana would not require recapitalisation. According to the World Bank, within one year, most banks met more than two-thirds of the required recapitalization expected to be completed in three years. The Bank of Ghana expects that early completion of recapitalisation efforts will lead to more resilience…
The Ghana Investment Promotion Centre (GIPC) has launched the 21st edition of the Ghana Club (GC) 100 with a call for deeper collaboration between the government and the private sector to build the Ghanaian economy. “We believe that leveraging the strength of both public and private sectors will accelerate our economic recovery and foster sustainable…
Accra, July 27, 2024 – MTN Ghana has completed 80 per cent of its planned network upgrade across the country, which commenced in June 2024 and expected to end in August 2024. The upgrade involves the replacement of existing mobile network infrastructure with more efficient and environmentally friendly equipment. Mr Thomas Motlepa, the Chief Technical…
The Bank of Ghana has maintained Ghana’s policy rate at 29%. This is the third consecutive time the policy rate has been maintained at 29%. This was disclosed at the 119th MPC press conference in Accra on Friday, July 26, by the Governor of the BoG Dr Ernest Addison. He explained that the decision to…
Ghanaian Real estate mogul Augustine Ewiah has indicated that he decided to employ only women because women are good at closing deals. The owner of Cameo 1 Hommes says s*x sells, and that is why women are his go-to employees for his company, which has a staff strength of 8. The real estate mogul has…
The Director General of the National Communications Authority (NCA), Dr Joe Anokye has assured the people of Ghana that data may reduce in 2025. There have been calls on the government to work towards ensuring that data for internet is reduced. The argument has been that since the government is pushing for internet penetration, there…
