A tax expert and the Fiscal Policy Lead at Oxfam Ghana, Dr. Alex Ampaabeng is calling on the Akufo-Addo-led government to re-introduce the Luxury Vehicles Tax which was abolished in 2019 few months after its introduction amidst criticisms. Ghana’s overall fiscal deficit for the year 2020 is expected to increase from the programmed GH¢18.9 billion (4.7% of GDP) to GH¢30.2 ...

Trade Minister Alan Kyerematen has that the Komenda Sugar Factory cannot be handed over to the concessionaire unless sugar policy to guide the operations of the factory has been put in place. The Factory in the Central Region was set to begin operations in mid 2020. But Alan Kyerematen told Parliament on Wednesday June 3 there is the need for ...

The Ghana Cocoa Board (COCOBOD) through the Cocoa Health and Extension Division (CHED) has presented a total of 99,468 bags of Cocoa fertilizers to be distributed to 126 farmer cooperative groups within Wiawso and Akontombra districts of the Western North Region. Mr John Ahi, Boako District Technical Officer, said the 126 farmer corporative groups were from the Wiawso and Akontombra ...

Government has signed a historic €500 million contract for the construction of sections of the Western Railway Line. The contract signed on Wednesday, June 3, 2020, is for the construction of a standard gauge rail line between Takoradi Harbour and Huni Valley, according to Railways Development Minister, Joe Ghartey. The deal is considered the largest single rail contract in the ...

Ghanaian songstress, eShun has revealed who instigated her beef with Moesha Boduong. The ‘Someone Loves Me’ singer told Zion Felix an interview on the ‘Uncut Show’ that her Ex-boyfriend cum manager was behind the post which triggered a misunderstanding between Moesha and her. eShun said she was not happy about the post Stephen Mensah did and she even confronted him ...

Hundreds of traders from the Volta Region have begun flooding the Ghana Revenue Authority (GRA) Headquarters in Ho to get registered for the Tax Identification Number (TIN), to enable them to acquire loans from the GH¢600 million stimulus package allocated to the National Board for Small Scale Businesses Industries (NBSSI). Following the economic hardship the COVID-19 pandemic has brought across ...

The National Coordinator of the One-district, one-factory (1D1F) programme Gifty Ohene-Konadu, has inspected the progress of a new factory being set up by beverage giant, Kasapreko, in the Ashanti Regional town of Tanoso (Atwima Nwabiagya District). Set upon a 10,000-metre square property, the yet-to-be-commissioned structure, which is almost completed and has already commenced production of a number of Kasapreko brands, ...

An Accra High Court presided over by Justice Philip Bright Mensah, a Court of Appeal Judge sitting with additional responsibility as a High Court Judge, has ordered state prosecutors to furnish the defence team in the case of the Republic versus Dr Kwabena Duffuor and eight (8) others with all documents they intend to rely on in the trial by ...

The founder of the now-defunct Capital Bank, Mr William Ato Essien, has told an Accra High Court, through his lawyers, that he is willing to refund GH¢27.5 million to the state, and, thus, demanding the dropping of some of the charges levelled against him in connection with the collapse of the bank. Among other charges, the state accused Mr Essien ...

President Nana Addo Dankwa Akufo-Addo has urged potential beneficiaries of the GH¢1billion loan support scheme set aside for businesses to endeavour to invest the monies in their work and bring the economy back on track from impacts of the coronavirus pandemic. According to the president, the outbreak of coronavirus has affected global economies, including Ghana, which has since witnessed a ...