Customs duties on trading within Africa will be reduced from next year onwards when the African Continental Free Trade Area (AfCFTA) agreement comes into force on January 1, 2021.
Notwithstanding improvements to Ghana’s credit referencing system, the central bank has indicated that some financial institutions have refused to subscribe to credit bureau services, contrary to the Credit Reporting Act 2007 (Act 726).
CEO for the Ghana Investment Promotion Centre, GIPC Yofi Grant has said that there is no breakthrough in discussions with the global aircraft maker, Boeing, towards its establishment of an aircraft servicing centre in the country.
Ghana is expected to rake in US$1.56bn in export tax revenue by 2030 from the development of a petroleum hub to add value to the country’s petroleum resources.
Government is projecting to issue domestic debt securities of a gross amount of GH¢22.19bn in the last quarter of the year, according to the latest debt issuance calendar from the Finance Ministry.
Scancom Plc, operators of MTN Ghana Limited have withdrawn their legal action against the industry regulator, the National Communications Authority, NCA.
A new bill, the Ghana Cocoa Board (Amendment) Bill 2017, which will transfer ministerial oversight over Cocobod to the Minister of Food and Agriculture and reposition the board to deliver the target of producing 1m tonnes of cocoa annually, has been approved by parliament.
Available data on activities on the Ghana Fixed Income Market show that about GH¢3.3bn worth of corporate bonds are outstanding to be issued by nine companies, including the government-owned ESLA Plc.
The Special Prosecutor, Martin Amidu has blamed the Deputy Finance Minister, Charles Adu Boahene for the noncompletion of Agyapa Royalties deal corruption risk assessment.
Government has directly engaged lenders of independent power producers (IPPs) as part of efforts to renegotiate IPPs’ current power purchase agreements (PPAs) and has also offered to refinance IPPs’ outstanding debts at a discount through a designated energy fund.
