Business

Deputy Finance Minister, Kwaku Kwarteng has disclosed that there has been a 26 percent increase in patronage of domestic airlines since the abolition of the VAT on domestic air fares. The 2017 budget heralded the abolition and review of some 12 key taxes. They included the 17.5% VAT on domestic …

Mrs Ursula Owusu-Ekuful, Minister of Communication, has revealed that the National Communication Authority (NCA) has received a number of petitions from both commercial and community radio stations. According to her, the fact that the NCA has received the petitions does not mean the affected stations would be reinstated, but their …

Former moderator of the Presbyterian Church of Ghana, Rev. Professor Emmanuel Martey, has expressed great disappointment in the President and his style of leadership as according to him, government, has been less responsive to recent corruption scandals in the country. Prof. Martey, asked President Nana Addo Akufo-Addo, to make a …

The Energy Commission is to embark on a nationwide audit of all Gas and fuel stations to ensure that electrical installations and wiring conforms to standards to prevent future outbreaks. According to the commission, wiring and installations of Gas and fuel stations require special electronic installations due to the flammable …

BEIGE Foundation and Africa Lead have signed a memorandum of understanding to promote entrepreneurship development for Ghanaian youth in the agric sector. The aim of the Agribusiness and Entrepreneurship Development Course is to develop the capacity of entrepreneurs in agribusiness identification, planning, and management in order to strengthen start-ups and …

The government has successfully raised some GH¢892.8 million from the sale of a three-year bond in the week ending September 22. The bond was sold to resident and not resident investors at a coupon rate of 18.25 per cent. Although bids for the bond totalled GH¢940.83 million, the government rejected …

President Nana Addo Dankwa Akufo-Addo has told the UN General Assembly that his government is committed to building an independent and strong economy which will not be dependent on aid from the Western world. According to Mr. Akufo-Addo, his aim is to grow Ghana’s economy to the benefit of its …

The French Government has applauded Ghana for the strong progress it is making in democratic governance and pledged to stand with the nation every step of the way. Ms. Esther Srem-Sai of the French Embassy in Accra said democracy was the key driving force for political stability and economic growth. …

The Ministry of Trade and Industry (MoTI) has indicated that it’s planning to deploy a new trade facilitation tool – UNIPASS Customs Technology – to help provide a comprehensive national single window platform in Ghana to rake in more revenue for the country. This is aimed at enhancing trade facilitation …

Credit rating agency, Fitch Ratings has affirmed Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS Ghana’s ratings reflect the country’s medium-term growth potential and improving macroeconomic stability, …