World Bank urged Africans to embrace digital transformation
World Bank Chief Economist for Africa, Albert Zeufack has indicated that African countries must embrace digital transformation to reduce poverty and enhance growth in the continent. Speaking at the World Bank media Briefing on Africa Economy update in Accra, Mr Zeufack reiterated that digital transformation can increase growth by nearly two percent per year and […]
Reduce examination of containers to 10% – VEEP Bawumia charges Customs Division
Vice President Dr Mahamudu Bawumia has tasked the Customs Division of the Ghana Revenue Authority (GRA) to reduce physical examination of containers at the ports from the current 90% to 10% to make Ghana’s business environment competitive. He said this could be achieved through the use of scanners and risk engines to reduce the cost […]
EU clears Ghana from 'dirty money' blacklist
European Union member states have unanimously rejected a proposal by the EU executive Commission to blacklist Ghana and 22 countries and territories it believes pose a high risk of money laundering or terrorist financing. In a rebuke for the EU Commission, the member States said in a statement Thursday that the proposal is not established […]
Coalition of Aggrieved Customers of Menzgold appeals to Government
The Coalition of Aggrieved Customers of MENZGOLD is demanding transparency from government in the ongoing investigation into the activities of the embattled gold firm. At a news conference in Accra, the Secretary of Coalition, Samuel Odartey also asked all those who have directly or indirectly benefited from the company, including celebrities, and acquaintances to refund […]
GCB finance over 30 duty vehicles for transportation of cocoa
GCB has financed the purchase of over 30 duty vehicles for the carting of cocoa from the hinterlands to the ports. The vehicles include 30 Howo light duty and 10 heavy duty trucks as well as tractors with trailers for unmotorable roads. At a short ceremony to hand over the trucks to Royal Commodities Limited, […]
Power Distribution Company takes over ECG Feb 1
All is set for Power Distribution Company (PDC) to take over the Electricity Company of Ghana(ECG) Friday. The new entity is set to assume the assets and management of the ECG after it was selected by the Millennium Development Authority (MiDA) through a bidding process. PDC is expected to inject about six hundred million dollars […]
First-Port-of-call rule to be operational 1st March
The Ministry of Finance has indicated that, the First-Port-of-Call Rule, an arrangement that allows customs officials from neighbouring landlocked countries to set up desks at Ghana’s Ports to collect taxes on transit goods, will become operational on 1st March . Deputy Finance Minister, Kwaku Kwarteng, who announced this at this year’s World Customs Day, in […]
Ghana to receive EU VPA licence soon
Ghana will soon be the first country in Africa and the second in the world to receive a licence and certification from the European Union (EU) to export timber products to its member countries, under the Ghana-EU Voluntary Partnership Agreement (VPA). EU Ambassador to Ghana, Diana Acconcia, who made this known, said the partnership agreement […]
Ghana, Canada to boost aviation cooperation
Government is to explore areas where it can collaborate effectively with Canada to improve its operations in the aviation sector. The Minister of Aviation, Joseph Kofi Addah who made this known when the Canadian ambassador called on him in Accra said Ghana’s quest of becoming an aviation hub in the sub region, requires close partnerships […]
GRA records 16% revenue growth in 2018
The Ghana Revenue Authority, GRA, says although it encountered numerous challenges in 2018, it was able to improve its growth by 16 percent. Speaking at the 2018 send-off ceremony for retired staff of the GRA in Accra, the Commissioner General, Emmanuel Kofi Nti said the year began on a good note, but operations in relation […]
Ghana Port and Harbour Authority Not To be Blamed for Revenue Shortfall
The Acting Director General of the Ghana Ports and Harbours Authority (GPHA) Michael Luguje says his outfit cannot be blamed for the shortfall in revenue for the Ghana Revenue Authority (GRA) for last year. The comment comes after the GRA stated that some activities at the country’s ports contributed to the revenue shortfall for 2018. […]
US, China to hold trade talks in Beijing next week
A US delegation will visit China next week for talks aimed at defusing the trade war between the world’s two largest economies. The meeting follows a dismal week for US markets, with losses fuelled partly by trade fears. Last year, China and the US imposed tariffs on more than 300 billion dollars worth of each […]
UN adopts first ever resolution to tackle rural poverty
The United Nations General Assembly has adopted its first ever resolution to tackle poverty eradication in rural areas of developing countries. The resolution underlined the importance of promoting socioeconomic development in rural areas as an effective strategy for the eradication of poverty, including measures to improve infrastructure, financial facilities, employment, education, social welfare system and […]
IMF Boss donates 15 thousand dollars to Kayayei
The Managing Director of the IMF, Christine Largarde has donated 15 thousand dollars to support the welfare of head potters popularly known as Kayayei. Madam Largarde who made the presentation before departure on her two day visit to Ghana at the Agbogbloshie market , encouraged the girls to strive for higher academic laurels. She noted […]
