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 […]
President Akufo Addo Projected Increase in Crude Production
President Nana Akufo Addo has projected an increase in Ghana’s crude oil production from two hundred thousand barrels per day to about five hundred thousand barrels in the medium term with the potential of producing up to one hundred million barrels in the long term. He noted that this will become possible as some international […]
Increase District Common Fund Allocation for PWDs- Expert
Chief Executive of Ghana Union Assurance, who is an advocate of the welfare of persons with disability, Aretha Duku has lauded government for the increase in the District allocation of the common fund for PWD’s from two percent to three percent. She said the fund if use, will induce business interest in PWD’s which will […]
World Bank Calls on Government Officials to Improve on Transparency in the Extractive Sector
The World Bank’s Senior Financial Sector Specialist, Cari Votava has urged government officials and industry professionals to improve transparency in the country’s extractive and natural resource sectors to identify and document the beneficial ownership of those operating in the sector. This, she said, will contribute immensely to the economy of the country. Speaking at her […]
Ghana's Gold becomes highest export earner, followed by Oil
Ghana’s total exports reached 12.54 billion dollars as at October this year. Gold generated the highest revenue of 4.7 billion dollars, followed by oil which ranked 3.83 billion dollars in revenue with cocoa placing third with its export revenue reaching 1.67 billion dollars. Meanwhile, total debt stock has reached 170.8 billion cedis as at September 2018. A […]
GRA Bans Storage of Selected Imports in Warehouses
The Ghana Revenue Authority (GRA) has banned the storage of selected imports in Warehouses as it begins the implementation of a new warehousing regime. The items include canned tomatoes, alcohol, lead acid batteries, cooking oil, canned drinks, canned fish, cement, Lime, paints and chalk. This means importers of the banned products can no longer keep […]
Nigeria aims to sell ten state-owned companies for 2019 budget
Nigeria’s Privatization Agency has indicated, that the country will offer ten state-owned companies for sale to selected investors and the public in the fourth quarter of this year to raise two hundred and eighty-nine billion naira ($797m) toward funding the 2019 budget. Preparations are in the final stages to begin the sale of the companies […]
