The Member of Parliament (MP) for Bolgatanga Central, Mr Isaac Adongo, has observed that Ghana’s economy is suffering from a “crude and repulsive fiscal consolidation” that is delaying the forward march of the country and pushing the economy to the brink of a fiscal crisis.
The Vice-President, Dr Mahamudu Bawumia, has praised the recently concluded banking sector reform exercise as a timely intervention that has injected in excess of GH¢4 billion in fresh capital into the banking industry.
The head office of the Securities and Exchange Commission (SEC) in Accra is being inundated on a daily basis with complaints from aggrieved people who invested their lifetime savings in some investment houses but are now unable to redeem part or all of their investments due to liquidity constraints.
The Head of Enterprise Banking at Stanbic Bank Ghana, Ms Pearl Nkrumah, has called for the creation of an enabling environment that will allow small and medium enterprises (SMEs) to thrive in the country.
The Ghana Revenue Authority (GRA) and the South Korea Customs Service (KCS) have signed a memorandum of understanding (MoU) to promote the digitisation and modernisation of the Customs Division of the GRA.
Some customers of Stanbic Bank Ghana Limited will have the opportunity to win tickets to watch some matches in the 2019 Africa Cup of Nations (AFCON) with their partners in a new promotion by the bank.
The government has initiated a new process to attract a strategic investor to acquire the assets of the Komenda Sugar Factory and manage its operations for viable commercial production.
The Tema Command of the Customs Division of the Ghana Revenue Authority (GRA), says it has begun the implementation of the reduction in physical examination of containers at the port from the previous 90 per cent to 10 per cent.
In the wake of the discussions raging over the level of depreciation of the local currency against the major foreign trading currencies, particularly the United States dollar, the Chief Executive Officer (CEO) of Dalex Finance, Mr Ken Thompson, has asked the government to allow the cedi to fall in order to reflect its true value.
In a move to contribute its quota to the ease of doing business in the country, the Ghana Revenue Authority (GRA) has introduced an integrated system that will help individuals and businesses file their tax returns and also pay their taxes, among other things, digitally.
BY: Suleiman Mustapha, Donald Ato Dapatem & Chris Nunoo
The government will, from today, slash down the benchmark values for all imports by 50 per cent, except duties on vehicles, which will be cut by 30 per cent.
The five indigenous banks that the Ghana Amalgamated Trust Limited (GAT) Limited is supporting to recapitalise have now met the Bank of Ghana’s (BoG)GH¢400 million capital directive, the Governor Central Bank, Dr Ernest Addison, has confirmed.
A former chairman of the Confiscated Vehicles Allocation Committee (CVC) during the presidency of John Evans Atta Mills, Carl Wilson, is advocating an extension in the duration given to importers to clear their vehicles from the ports.
