BUSINESS

2022 budget: Theft at TOR has been going on for years – Jantuah alleges

A former Vice Chairman of the Public Interest and Accountability Committee (PIAC), Mr Kwame Jantuah, has alleged that stealing at the Tema Oil Refinery (TOR) has been going on for years. Recently, some staff of TOR were interdicted for their involvement in the alleged theft of GHS10.4 million worth of cables. According to the Interim Management Committee (IMC), the affected staff “who ...

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2022 budget should focus on other areas for taxes; not petroleum – Economist

An Economist and Senior Research Fellow with the Institute of Fiscal Studies, Dr. Saeed Boakye has warned the government to desist from heaping all its efforts in generating revenue within the petroleum sector. Speaking to Naa Dedei on Starr Today, Tuesday 16th November 2021, on the upcoming budget, the Economist cautioned the government that inasmuch as the petroleum sector is ...

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Reversing 50% bench mark value will be suicidal – GUTA

The Ghana Union of Traders Association (GUTA) has warned any reversal of the 50 percent bench mark policy will bring untold hardship on Ghanaian traders. The Association of Ghana Industries (AGI) and Ghana Union of Traders Association (GUTA) are in a banter over the proposed review of the 50% bench mark for some imported products. Even though Ghana Revenue Authority ...

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First National Bank to break down 2022 budget for easy understanding

Many are eagerly anticipating what Finance Minister Ken Ofori-Atta will say on Wednesday, November 17 when he delivers the 2022 budget statement. This is particularly so because the reading is coming at a time when a number of Ghanaians are complaining of a general increase in cost of living. Already, there are hints of the announcement of a possible increase in taxes, ...

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2022 budget should focus on other areas for taxes; not petroleum – Economist

An Economist and Senior Research Fellow with the Institute of Fiscal Studies, Dr. Saeed Boakye has warned the government to desist from heaping all its efforts in generating revenue within the petroleum sector. Speaking to Naa Dedei on Starr Today, Tuesday 16th November 2021, on the upcoming budget, the Economist cautioned the government that inasmuch as the petroleum sector is ...

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Bank of Ghana answered my question, so I fact-checked the Vice President of Ghana

Digitization is one of the niche subject matters in the field of information and communication technology. However, its use and application have reached other fields, including the economy, to accelerate growth and development in recent times. The application of digital technologies is expected to characterize future economies as it offers a better quality of life. Many countries across the globe, especially in ...

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Let’s tolerate each other to deepen Ghana’s democracy – UN Amb.

The Country Director of the International Association of World Peace Advocates, Ghana, Bishop Dr Samuel Ben Owusu, has stated that the UN is committed to strengthening tolerance by fostering mutual understanding among people, cultures and nations. Speaking on the occasion of the United Nations International Day of Tolerance in Accra on Tuesday, 16 November 2021, Bishop Owusu noted that the ...

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Treepz Ghana to pilot app-based mass transit in Accra

Treepz Ghana has signed an agreement with HM Evolution Services Ltd, a leading transport company in Ghana, to pilot an app-based mass transportation solutions within the Greater Accra Metropolis. The partnership will allow commuters to book intra-city bus rides on HM Evolution 44-seater buses via the Treepz Mobile app. Upon a successful pilot, the partnership will see the onboarding of ...

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Bank of Ghana answered my question, so I fact-checked the Vice President

Digitization is one of the niche subject matters in the field of information and communication technology. However, its use and application have reached other fields, including the economy, to accelerate growth and development in recent times. The application of digital technologies is expected to characterize future economies as it offers a better quality of life. Many countries across the globe, ...

Read More »

GUTA fights AGI over benchmark value

The Ghana Union of Traders Association (GUTA) has accused the leadership of the Association of Ghana Industries (AGI) of blatantly lying about the 50 per cent benchmark value reduction at the ports. According to GUTA, it is never true that the benchmark value reduction that offers discounts to importers in the country is derailing the government’s agenda for the industrialisation ...

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