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Today's Ghana Business, Banking and Economic news

'Don't condemn the entire us'- Free Zones boss

The Ghana Free Zones Authority has stated that it does not support illegal acts and would support the Customs Division of the Ghana Revenue Authority (GRA) in carrying out its mandate of safeguarding goods entering and exiting Free Zone areas.

Market women anticipate tax reduction in 2019 budget

Market women are anticipating that there will be a reduction in taxes, as Finance Minister, Ken Ofori Atta prepares to present the 2019 Budget on Thursday, November 15, 2018.


The government must try to reduce taxes at the ports and improve the processes of doing business.

Some market women at Tema Station in Accra, petitioned the government to announce measures that will improve working conditions at the markets.

Madam Esther Ahorlu told Citi News monitored by Prime News Ghana, she wants the government to address the high cost of clearing goods at the ports to reduce the prices of her products.

“They should reduce the taxes at the port. These things that I sell, they are all imported and they are expensive so people are refusing to buy my goods because of the price hike, “she complained.

Cecelia Okyere, another trader, appealed to the government to improve the well-being of ordinary people, including market women by putting in place fiscal measures.

“Now when you come to the market, consumers don’t buy like it was previously. The Market condition is bad. I want the minister to announce economic measures that will put money in the pockets of people so that they can buy our goods,” she said.

The 2019 budget will highlight how the government plans to maintain macroeconomic stability, boost revenue streams and agriculture production while promoting private sector growth.

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CBG:GHS1.4 billion interbank investments locked up

A sum of 1.4 billion cedis owned by other financial institutions is locked up with the Consolidated Bank as management of the bank says it does not have the cash flow to pay bulk depositors.