The Bank of Ghana (BoG) has a duty to slash its Policy Rate (PR) drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing the rate drastically will trigger a decline in the ‘artificially high’ lending […] The post Cut policy rate drastically – Economist tells Bank
Opoku-Ahweneeh Danquah In a bold departure from traditional norms, Opoku-Ahweneeh Danquah, the Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), is redefining leadership within the public Read More... The post Ghana’s Oil &
The value of the economy in 2023 stood at GHS841.6bn relative to GH¢ 614.3bn representing a GH¢227bn increase from the previous year. This was driven by the dominance of the services sector which contributed GH¢357.34 billion or 45.6% of Gross Domestic Product (GDP), followed by industry with GH¢247.941 billion (31.7% of GDP), and agriculture at […] The post Value
Some of the graduates The GNPC Foundation in collaboration with Aseda Foundation in the Western Region has supported the training of 64 youth from different parts of the Western Read More... The post 64 Youth Get GNPC’s Support appeared first on DailyGuide
In the wake of recent internet disruptions, the Ghana Revenue Authority (GRA) has been compelled to address concerns regarding the erroneous imposition of E-Levy on certain electronic transactions. According to the GRA, the interruption in internet connectivity impacted the real-time routing of electronic transactions to the Electronic Transfer Levy Management and Assurance System (ELMAS), prompting […] The post Internet
As part of efforts to deal with internal threats within state institutions, Makers and Partners (MAP), an accountancy firm has organized a one-day capacity building workshop for 10 internal auditors of the Environmental Protection Agency (EPA). The forensic investigation training being spearheaded by MAP aims at equipping the Internal Audit function with the requisite skills […] The post Makers
Shareholders of MTN Ghana have approved a total dividend of GH₵ 2.31bn for the 2023 financial year. This follows the recommendation of the Board for a final dividend of GH₵ 0.175 per0. share to reflect the robust performance of the company for the year. The total dividend for the 2023 financial year will be 0.225 […] The post MTN Ghana to pay ¢2.316bn as
The flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has affirmed his dedication to a strategic shift towards fostering business growth and private sector development, steering the Read More... The post Bawumia
Dr Mohammed Amin Adam The latest data released by the Ghana Statistical Service has revealed that the cumulative growth of the Ghanaian economy in 2023 stood at 2.9%, marking a Read More... The post Ghana’s Economy Grows By 2.9% In 2023 appeared first on DailyGuide
The Governor of the Bank of Ghana, Dr. Ernest Addison, has underscored the need for banks to remain committed to their critical role of bridging trade financing in both the primary and secondary markets. According to the governor, this will help strengthen the country’s financial systems. Speaking at the Ghana International Bank cocktail event to […] The post BoG
Dr. Bawumia with executives of the Chamber and other government officials The Ghana National Chamber of Commerce and Industry has embraced a number of policies Vice President and Flagbearer Read More... The post Chamber
Kristalina Georgieva (3rd R), Dr. Mohammed Amin Adam (2nd L), Ursula Owusu-Ekuful (3rd R) with other conference speakers Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has Read More... The post Integrate AI For Quick Economic Devt
Kristalina Georgieva The International Monetary Fund (IMF) says it is collaborating with the government to find an alternative to bridging Ghana’s revenue shortfall since the Value-Added Tax (VAT) which Read More... The post IMF, Govt Discuss
Prof. Samuel Kobina Annim, Government Statistician The economy recorded a 2.9% Gross Domestic Product (GDP) growth in 2023, says the Ghana Statistical Service, (GSS). This figure is stronger than Read More... The post Ghana Records 2.9% GDP Growth In 2023 – GSS appeared
Energy Minister Dr. Matthew Opoku Prempeh is urging developed countries to support developing countries meet their net-zero targets. This, according to the Minister, can be done by these countries redeeming funding pledges they made to support developing countries towards the reduction of GHG emissions. The Minister made this call when he addressed a panel session […] The post Show
Africa World Airlines (AWA) has clarified recent media reports concerning its flight AW160 which travelled from Accra to Tamale on March 13th, 2024. Some media outlets had claimed that the aircraft in question carried additional fuel in its baggage compartment. However, in a press release signed by Captain Kwasi Oteng, Chief Operating Officer of AWA, […] The post AWA
The Executive Director of Revenue Mobilisation Africa, Geofrey Kabutey Ocansey, has urged the government to revise its tax exemption regimes. Kabutey Ocansey referenced a study conducted by the Ghana Center for Democratic Development (CDD-Ghana) which found that about 80 percent of Ghanaians are willing to pay taxes but want to see what the taxes are […] The post Govt must
The Ghana Chamber of Commerce and Industry, says a proposal by Vice President and Flagbearer of the NPP, Dr. Mahamudu Bawumia to amend the Fiscal Responsibility Act to control government expenditure under his Presidency, as well as operate a lean government, is a step in the right direction. During his recent address to the nation […] The post We
The Vice President and Flagbearer of the NPP, Dr. Mahamudu Bawumia, has reitereated that businesses and individuals will have a clean tax slate under his Presidency in 2025, to usher in a new tax system. During his maiden address to the nation as flagbearer of the NPP, Dr. Bawumia announced that his government will introduce […] The post Individuals, businesses
President of the Ghana Chamber of Commerce and Industry, Dr. Clement Osei Amoako, has emphasized that Vice President Mahamudu Bawumia’s vision of tax digitization is worth pursuing as it is progressive. Delivering his speech at GNCCI’s Dialogue with the Vice President of the Republic, Dr. Bawumia, on Wednesday, March 20, 2024, at Best Western Hotel, […] The post Bawumia’s
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