The National Petroleum Authority (NPA) has reaffirmed its commitment to easing operational expenses for liquefied petroleum gas (LPG) traders. This commitment comes in response to concerns voiced by the LPG Marketers Association regarding the imposition of an $80 per metric ton (MT) fee on suppliers’ premiums, specifically aimed at bolstering bottling plant and cylinder investment […] The post We’re
The High Court in Accra has observed with dismay the “delay tactics” being employed by State Prosecutors in commencing the trial of former president of the Ghana Football Association (GFA) Kwasi Nyantakyi. The Court was also unhappy about the substantive State Prosecutor’s request to prioritize an “official assignment” at the expense of the “prosecution of […] The post #Number
Yaa Serwaa Sarpong, the Director of Support Services at Strategic Mobilisation Ghana Ltd (SML), has refuted certain figures in KPMG’s report concerning the revenue they generated for the government. According to KPMG’s report, SML boosted the government’s tax revenue to GHS2.45 billion during the period under review. “Regarding the downstream petroleum audit services, KPMG determined […] The post We
For a country saddled with limited opportunities and the resulting brain drain, not many of the citizens are blessed to migrate to and develop an illustrious career in the United States of America (USA). The few Ghanaians who are, hardly look back home, given the myriad of challenges that await any ‘returnee.’ Prof. Dr Grace […] The post Prof.
The National Democratic Congress (NDC), has called on the President Akufo-Addo and Dr. Bawumia government to take immediate steps to retrieve all monies paid to SML Ghana Limited for no work done. At a press conference addressed by its National Communication Officer in Accra today, the party demanded the immediate publication of the full KPMG […] The post NDC demands retrieval of monies paid to SML
Former Auditor-General Daniel Yaw Domelevo has criticised the selection of KPMG to audit the contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML), describing it as illegal and unprofessional behaviour. President Nana Addo Dankwa Akufo-Addo ordered KPMG to audit the contract between the two entities on January 2, 2024. Following the […] The post GRA-SML
FLASHBACK: GFA President Kurt Okraku receiving the five-year Action Plan from Ghana Beach Soccer Chairman Ampofo Ankrah as other officials look on The country’s football governing body, Ghana Football Read More... The post GFA Rallies Support For Beach Soccer appeared first
The Minority in Parliament is demanding the publication of the KPMG audit report on Strategic Mobilization Ghana Ltd (SML) and Ghana Revenue Authority (GRA) contract. President Akufo-Addo has stated that the SML Downstream petroleum service is needed however the Ministry of Finance (MoF) and the Ghana Revenue Authority (GRA) will have to renegotiate the fee […] The post Minority
… partners Future Leaders School alongside Akwaaba Volunteers In a powerful display of corporate social responsibility, ZEN Petroleum Limited has announced a landmark GH¢ 2 million commitment to bolster the educational environment at Future Leaders School (FLS) in La Kpeshie, Accra. This transformative partnership with Akwaaba Volunteers aims to empower underprivileged children through quality education […] The post
Isaac Adongo, Ranking Member on the Finance Committee of Parliament has asked President Nana Addo Dankwa Akufo-Addo to lay KPMG’s audit report on the revenue mobilisation agreement between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) before Parliament. KPMG, an auditing firm, has finalised and presented its report on the GRA-SML contract […] The post Lay
Vice President of IMANI Africa, Bright Simons has called on President Akufo-Addo to make public the KPMG’s report on the investigation conducted on the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML) deal. President Akufo-Addo says the SML Downstream petroleum service is needed however the Ministry of Finance (MoF) and the Ghana Revenue […] The post Release KPMG’s
The Ghana Football Association (GFA) has appointed five coaches to lead the national teams in its efforts to enhance youth football’s developmental structures. They are Godwin Attram, Maxwell Konadu, Yaw Preko, Abdul Karim Zito, and Nurudeen Amadu. Four of these coaches have been assigned to the newly formed male national teams, U-15, U-18, U-19, and […] The post Godwin
The Ghana Revenue Authority (GRA) has clarified the status of resident individuals for tax purposes. According to the GRA, the clarification is on the back of concerns raised by the general public on the tax status of individuals who earn incomes abroad and whether they are deemed by the Tax laws as “resident individuals” for […] The post GRA clarifies taxes for resident individuals
The National Petroleum Authority (NPA) has stated that the only way to mitigate the consistent rise in the prices of petroleum products is to introduce subsidies. Abass Tasunti, Head of Economic Regulation at the National Petroleum Authority (NPA), said on The Big Issue on Citi FM and Citi TV on Saturday, April 20, that it is […] The post Subsidising petroleum
The National Petroleum Authority (NPA) has stated that the only way to mitigate the consistent rise in the prices of petroleum products is to introduce subsidies. Abass Tasunti, Head of Economic Regulation at the National Petroleum Authority (NPA), said on The Big Issue on Citi FM and Citi TV on Saturday, April 20, that it is […] The post Subsidies are key to
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC) has urged the government to focus on strengthening the Cedi to ensure a reduction in the prices of petroleum products. Prices of petroleum products have been on a free fall in the past weeks and further worsened with the reversal of the suspension of the […] The post Fuel price hikes: Strengthening
A United States-based Economist, Dr. Sa-ad Iddrisu, is questioning the developmental projects listed in NPP’s recently launched performance tracker. In a press release issued on Thursday, April 18, Dr. Iddrisu “Despite borrowing over GHc600 billion in the last eight (8) years, the NPP government seems to only boast about the number of completed toilet projects […] The post NPP
The Government is seeking to plug the revenue gap created as a result of the abandoned VAT on electricity with a tax on the foreign incomes of resident Ghanaians. At the beginning of the year, the government introduced a value-added tax on electricity, however, it was forced to abandon the initiative following a public backlash. […] The post Govt
Francis Tomore Boi, a renowned Tax Analyst, has endorsed the government’s initiative to tax the foreign incomes of resident Ghanaians as a strategic move to address the revenue shortfall resulting from the abandoned VAT on electricity. He described this as a smart move by the government. His comments are on the back of the government’s […] The post Taxing
Former President of the Ghana Football Association, Kwesi Nyantakyi, who is contesting the New Patriotic Party’s parliamentary primary in the Ejisu Constituency, has been hospitalized. A source from his campaign team confirmed to Citi News that Mr. Nyantakyi suffered stomach pain on Friday night and was taken to the hospital for treatment. According to the […] The post Kwesi
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