The Ghana Revenue Authority with support from the Finance Ministry has announced it will soon name, shame and also prosecute tax evaders especially those in the informal sector.
Fuel prices in the country have been increased for the second time in the space of just two months.
Checks indicate that prices of both petrol and diesel have shot up by about 2.76 percent.
The price of petrol and diesel is currently pegged at GH¢5.21 per litre, up from the previous price of GH¢5.07 per litre despite a reduction in the price of crude oil in the international market.
According to Hassan Tampuli who is the Executive Director of the National Petroleum Authority (NPA) , the increase in fuel prices is as a result of a surge in the price of finished products on the international market.
“Almost all the OMCs that have moved the prices up are within the indicative price range. We observed some shocks in the international market. LPG price has gone up by about 2.21%, and petrol by about 2.94 %, and diesel has gone up by 6.37%. That is what we have seen in the international market. The imposition of sanctions on Iran by the United States has also impacted negatively on the prices on the international market,†he said in an interview with Citi News.
All telecommunication companies operating in Ghana have been given a 48-hour ultimatum effective yesterday October, 22, 2018 to plug into the Kelni GVG revenue assurance and monitoring platform or face sanctions in accordance with the law.
A Deputy Minister of Trade and Industry, Mr Robert Ahomka-Lindsay, has urged Ghanaian companies to ensure quality in their products and services to be able to compete in the international market.
The Chamber of Telecommunications says it is open to further discussions with the government over the imposition of taxes on operations of its members.
The Gold Coast Holding Company, an investment bank under Groupe Nduom, has announced its decision to stop the issuance of fixed-term guaranteed returns to clients effective Monday, October 22, 2018.Â
The share of total domestic debt held by Ghana’s banking sector has reduced considerably from 50 per cent in 2016 to 35.2 per cent in 2017, the Institute of Statistical, Social and Economic Research (ISSER) has disclosed.
An Accra High Court hearing the case between the Receiver of the defunct uniBank, Nii Amanor Dodoo and shareholders of the bank, has ordered the removal of Clifford Duke Mettle as a defendant from the case.
Telecommunication giants MTN have announced that their Ghana unit's third-quarter revenue grew to 3.54 billion Ghana cedis from 2.49 billion Ghanaian cedis during the same period a year ago.
Ghana has now climbed 13 places in the new global trade ranking and that has seen them move from 167th in 2016 to 154th position.
The Deputy Minister of Trade and Industry Mr Carlos Kingsley Ahenkorah attributed this development to transformative policies of the Government.
The increase in the country’s ranking, he said, could be attributed to the reduction in the time and cost of import procedures from two weeks to 48 hours and 50 dollars respectively, per consignment under the National Single Window platform.
He said similar improvements were registered in the World Bank Logistics Performance Index (LPI), where Ghana rose 12 places from 100th in 2014 to 88th position in 2016, the highest improvement since the survey was launched in 2017.
The Deputy Trade and Industry Minister made this known when he addressed exporters and stakeholders at the 78th National Exporters’ Forum in Accra on Wednesday October 17, 2018.
He added that the government will continue to clear barriers to trade and ensure that the country's export regime flourish.
Mr Ahenkorah said exporters played an indispensable role in the economy through influencing the level of economic growth, employment and the balance of payments.
The Ghana Chamber of Telecommunications has issued a statement on behalf of its members; AirtelTigo, MTN and Vodafone to notify its esteemed customers and the general public of tariff modifications following the implementation of the new tax laws.
President of the Chartered Institute of Banking (CIB) Patricia Sappor, says banks must develop innovative strategies to transform the informal unbanked sector of the economy into mainstream banking to sustain profitability.
President Akufo-Addo says Ghana is ready for business and is urging investors from the United Kingdom to take advantage of the growing business-friendly climate in the country and invest.
The Commissioner-General of the Ghana Revenue Authority (GRA), Emmanuel Kofi Nti has indicated that the Cargo Tracking Note (CTN) policy will start today, Monday October 15, 2018, in spite of the court action against suit its implementation.
