BUSINESS

The former Minister of Finance, Dr. Kwabena Duffuor, has added his voice to the many calls for the rejection of the Electronic Transaction Levy (E-levy) saying it will compound the several taxes on the Ghanaians. Dr. Duffuor reiterated that implementing the E-levy would affect the ordinary Ghanaian directly since it is the mode of payment widely used. The former Governor ...

The management of the Social Security and National Insurance Trust (SSNIT) has assured pensioners of regular payment of pensions. A statement issued by the management on Tuesday November 30 said SSNIT had taken note of the concerns raised by the Africa Centre for Retirement Research (ACRR). It assured all stakeholders and the public that the SSNIT Scheme presently has enough ...

Anglogold Ashanti Ghana, Obuasi Mine has donated items worth GH¢122,120 to eight districts in the Ashanti Region in support of this year’s National Farmer’s Day celebrations. The beneficiary districts include the Obuasi Municipal, Obuasi East, Adansi Asokwa, Adansi North, Adansi South, Adansi Akrofuom,  Amansie West and Bekwai Municipal. In a short ceremony to present the items to Agric Directors of the ...

The Chief Executive Officer of Afb Ghana, operators of Qwikloan services on MTN has hinted that it would cease to exist in a year if the proposed electronic transaction levy (e-levy) is implemented in its current form. The 1.75% tax on electronic financial transactions was proposed in the 2022 budget statement presented before Parliament by the Finance Minister, Ken Ofori-Atta, ...

A former Finance Minister under the erstwhile President John Evans Mills administration, Dr Kwabena Duffuor has admonished the government to focus on Technical and Vocational Training (TVET) as it is the only effective solution to rising youth unemployment in Ghana. “The neglect of technical and vocational training over the years might have contributed to the high unemployment and rising poverty ...

Some private security men guarding the newly built Kumasi-Kejetia market in the Ashanti region have threatened to lock up the entire market over unpaid salaries. The scores of aggrieved workers of Lesbena Security Company say they have not been paid for the past four months, making life unbearable for them. Speaking to the media, the leader of the group, Mr ...

Former Finance Minister, Dr Kwabena Duffuor, has rejected the proposed E-levy in the 2022 budget statement. Apart from this levy destroying the digitalization agenda, he said, it will also be characterized by serious implementation challenges. Delivering a public lectyuer in Accra on Monday November 29, he said “It is now well known that Ghana is facing a large infrastructure deficit ...

The Governor of the Bank of Ghana, Dr. Ernest Addison, together with Governor Harvesh Kumar Seegolam, Governor of the Bank of Mauritius, have signed an historic Cooperation Memorandum of Understanding (MoU) in Port Louis, to deepen the existing ties of engagement between the two central banks. The objectives of the MOU are to establish an arrangement for the exchange of information ...

*Komenda Sugar Factory to be operationalized in 2022- MCE* The Municipal Chief Executive (MCE) for Komenda Edina Eguafo Abrem (KEEA) municipality, honourable lawyer Solomon Ebo Appiah has promised the people of the municipality that the Komenda Sugar Factory which has turned a white elephant would be revived and operationalized next year, 2022. According to him, all the necessary arrangements and ...

The Ashanti Region Minister, Simon Osei Mensah, has commissioned the Obuasi Enterprise and Skills Development Centre. The Center, which was jointly established by Anglogold Ashanti Ghana and the AGA Community Trust Fund, is expected to be a one- stop hub to provide solutions to local businesses and to support skills development and capacity building. Speaking at a ceremony to commission ...