Business

Prices of foodstuff up in Accra

by OmankyeameBusinessNewsApril 9, 2021

Prices of foodstuff have gone up slightly in some markets in Accra. Visits by the Ghana News Agency to the Anyaa, Mallam and the CMB markets on Thursday, revealed that…

Ghanaians willing to pay higher taxes to support development – Afrobarometer report

by OmankyeameBusinessNewsApril 9, 2021

An Afrobarometer report released by the Centre for Democratic Development (CDD) suggests that Ghanaians endorse taxation and are willing to pay higher taxes to support the country’s development. The report…

LG scraps its smartphone business as losses mount

by OmankyeameBusinessNewsTechnologyApril 5, 2021

LG Electronics said on Monday it would close down its loss-making smartphone business. In January, the South Korean electronics giant said it was looking at all options for the division…

Absa Group earnings decline

by OmankyeameAfricaBusinessNewsMarch 24, 2021

Absa Group Limited has posted a 51 per cent decline in normalised headline earnings to R8 billion after impairments nearly trebled to R20.6 billion amid the economic downturn that was…

NBSSI boss identifies MSMEs priority areas in 2021 budget

by OmankyeameBusinessNewsMarch 24, 2021

The Executive Director of the National Board for Small Scale Industries (NBSSI), Mrs Kosi Yankey-Ayeh, has underlined three key interventions in the 2021 Budget and Economic Statement that could help…

StanChart and Ghana sign 55-million Euro agreement for road infrastructure

by OmankyeameBusinessNewsMarch 22, 2021

Standard Chartered and Ghana’s Ministry of Finance have signed a 55-million Euro agreement for a road infrastructure supported by an Export Credit Agency (ECA). Working closely with Exportkreditnämnden1(EKN, the Swedish…

MPC preview: Tax hikes make rate-hold necessary

by OmankyeameBusinessNewsMarch 22, 2021

SOME experts have expressed confidence that the Bank of Ghana (BoG) will leave its benchmark rate, the policy rate, unchanged tomorrow (Monday) to help dampen the inflationary pressures that the…

COVID-19 Health Levy not to defray cost of free water, electricity – Finance Ministry

by OmankyeameBusinessNewsMarch 21, 2021

The newly approved COVID-19 Health levy which will see the VAT Flat rate as well the National Health Insurance Levy adjusted upwards, will not be used for paying the free…

Kwabena Duffuor, Kofi Amoabeng petition Parliament over revocation of banking licenses

by OmankyeameBusinessNewsMarch 20, 2021

A former Finance Minister, Dr Kwabena Duffuor and the former CEO of UT Bank, Prince Kofi Amoabeng, have petitioned Parliament over the Bank of Ghana, BoG’s revocation of their banking…

Newly proposed taxes a huge hindrance to businesses’ recovery from COVID-19 impact – AGI

by OmankyeameBusinessNewsMarch 19, 2021

The Association of Ghana Industries (AGI) is alarmed at the government’s newly proposed taxes as outlined in the 2021 Budget Statement and Economic Policy. It fears these taxes introduced will…