The International Monetary Fund’s resident representative in Ghana, Dr. Leandro Medina, has stressed the importance of protecting vulnerable individuals during challenging reforms and actions, such as the introduction of a 21% Value Added Tax on specific electricity consumers as part of Ghana’s COVID-19 recovery programme. A letter addressed to the Electricity Company of Ghana (ECG) […] The post IMF
OmniBSIC Bank, the fastest-growing Bank in Ghana and Bank of the Year, 2023 has relocated its Anloga Branch in Kumasi to the City Style Building on Stadium Road Amakom, Kumasi as part of the Bank’s ongoing brand enhancement effort. The relocation of the branch is aimed at providing an improved banking experience, easy accessibility, ample […] The post OmniBSIC
Extensive dialogue will be held with Organised Labour and other key stakeholders in the coming weeks on the VAT on electricity, the Ministry of Finance has said. The stakeholder dialogue, as stated by the Finance Ministry in its statement dated January 30, 2024, is aimed at ensuring stakeholder buy-in. Organised Labour has kicked against the […] The post VAT
Extensive dialogue will be held with Organised Labour and other key stakeholders in the coming weeks on the VAT on electricity, the Ministry of Finance has said. The stakeholder dialogue, as stated by the Finance Ministry in its statement dated January 30, 2024, is aimed at ensuring stakeholder buy-in. Organised Labour has kicked against the […] The post VAT
The Top Employers Institute has once again recognized Vodafone Ghana as a Top Employer for both Ghana and Africa for 2024. This year marks the sixth consecutive win for the company in Ghana and the fifth across Africa, solidifying its position as a leader in corporate human resource practices. Vodafone Ghana has consistently demonstrated excellence […] The post Vodafone
The Ghana Revenue Authority (GRA) collected tax revenue of GH¢113.06 billion last year, GH¢3.87 billion more than it was tasked to collect. The performance represents a nominal growth rate of 49.3 per cent over the 2022 fiscal year, which the GRA described as the highest ever in the last 20 years. For the 2023 fiscal […] The post GRA bags GH¢113bn in 2023 –
Yemen’s rebel Houthi movement claims it launched a missile at a US warship in the Gulf of Aden on Sunday evening. Military spokesman Yahya Sarea said in a statement that the Iran-backed group’s naval forces targeted the USS Lewis B Puller, an expeditionary mobile base platform ship deployed in the region to support the US […] The post Yemen’s Houthis say they fired
Ghana’s MIIF has stepped up efforts to attract North American partners into the Ghanaian mining space. MIIF, the sovereign minerals fund of Ghana, was created by law to manage the equity interests of the Government of Ghana in mining companies and collect and manage mining royalties due the state for purposes of investment. M 11F […] The post MIIF
A United Nations peacekeeper from Ghana has been killed alongside some civilians after clashes between rival local groups in the Abyei region on South Sudan’s border with Sudan, a U.N. statement said. According to the statement by the United Nations Interim Security Force for Abyei (UNISFA), the clashes occurred in three locations in the Abyei […] The post Ghanaian
Panelists and some dignitaries at the event MTN Group Chief Sustainability and Corporate Affairs Officer, Nompilo Morafo, has expressed her confidence in the youth of Africa to lead the Read More... The post African Youth Ready To Lead Digitalisation –
Njack Kane African governments have been charged to chart a united front to harness its vast resources in order to have a shared prosperity for the continent. Acting CEO Read More... The post Njack Kane Calls For Africa’s Prosperity appeared first on
Dr. Ernest Addison, BOG Governor The Human Right Division, Accra High Court, has dismissed an application filed by Dr. Papa Kwesi Nduom, GN Saving and Loans Company and others for Read More... The post ‘Central Bank Revoked GN Bank Licence Legally’ appeared
Dr. Ernest Addison – Governor of Bank of Ghana The Bank of Ghana (BoG) has announced a significant reduction in its Monetary Policy Rate, also known as the base Read More... The post BoG Lowers Base Rate To 29% To Stimulate Economic Growth
Deputy Finance Minister Abena Osei-Asare has defended the 2017 financial sector clean-up, which led to the liquidation of 420 institutions. She put up the defence in response to the Chairman of the Public Accounts Committee, James Klutse Avedzi, who attributed the tax default of some of the institutions to the financial sector clean-up. The Ghana […] The post Abena Osei-Asare
…Proposing the division and partial privatisation of ECG on GSE for improved performance and financial stability The insights provided in the articles published by Nii Darko Asante MGhIE, CEng MIChemE | Energy Sector Specialist on the topics Part 1: The Power Sector Payment Gap – Genesis of the CWM, Part 2: First Two Years of […] The post Strategic restructuring
The Bank of Ghana (BoG) has lowered its monetary policy rate by one per cent. In effect, the rate that commercial banks use as a reference for lending has been reduced from 30 to 29 per cent after six months. The rate has remained at 30 per cent since July 2023 to keep inflation under […] The post BoG reduces policy rate to 29% appeared first on Citinewsroom
China has tightened its financial industry rules as the government tries to halt a deepening sell-off in the world’s second-largest economy. Nearly $6tn (£4.7tn) has been wiped off Chinese and Hong Kong stocks since their most recent peak three years ago. The China Securities Regulatory Commission (CSRC) says the measures will create “a fairer market […] The post China
Ghana is making important inroads to stabilize its economy, and continued program implementation beckons a brighter future. When Ghana requested an IMF-supported program in July 2022, the country was dealing with an economic and financial crisis that was the outcome of preexisting vulnerabilities and substantial external shocks. The authorities have since made compelling progress under […] The post Ghana:
Telecel Group, an Africa-focused telecommunication company with expertise in combining telecommunication with fintech, e-commerce, and tech start-ups successfully acquired 70% majority shares in Vodafone Ghana (Ghana Telecommunications Company Limited – GTCL) in February 2023 and is set to bring disruptive innovation into Ghana’s telecom industry with customer-centric products delivered with exceptional customer service. In a […] The post Vodafone
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