Month: August 2023

GRA Closes 10 Shops, Hands Over Tax Defaulters To The CID
30 Aug

GRA Closes 10 Shops, Hands Over Tax Defaulters To The CID

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The Ghana Revenue Authority (GRA), as part of the issuance of Value Added Tax (VAT) invoice exercise, has handed over 10 shop managers to the Criminal Investigation Department of the Ghana Police Service for investigation. The managers will be investigated for non-compliance with the country’s tax laws and for tax infractions. The shops are VK & J Trading Enterprise, Frimako Ventures, Molla Ventures, Yamiz Ventures, Jomilet Tiles and Abi Ventures. Others are Delcam FB Limited Books & Stationery, Tiwalet Whosales, Klelon Mall, and Regal Enterprise all located in the Ablekuma North Municipal District in the Greater Accra Region. Mr Joseph Annan, Area Enforcement Manager…
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Bonds Turnover Slumps By 80.81% To GH¢17.34 Million
30 Aug

Bonds Turnover Slumps By 80.81% To GH¢17.34 Million

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Activity on the secondary bond market reduced sharply in the past week by 80.81% to record GH¢17.34 million. The reduction was attributed to the posture of investors who were quite indecisive about assessing cash coupons on new bonds. The decline was partly attributed to a contraction in trades across the 2027-2030 maturities of the new papers. Bond prices also saw some steady increases, in response to the latest coupon payments by the government. In that light, bond market activity is expected to see some upticks in the end-of-month portfolio adjustments from pension funds and other asset managers.      …
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No More Borrowing To Finance Nigerian Economy – Finance Minister
30 Aug

No More Borrowing To Finance Nigerian Economy – Finance Minister

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The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja. He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment. Mr Edun said that with the increased revenue from subsidy removal, various palliatives have…
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Our Onions Are Rotten – Importers Lament Impact Of Niger Coup
30 Aug

Our Onions Are Rotten – Importers Lament Impact Of Niger Coup

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The onion importers at Kwadaso Onion Market in the Ashanti region have bemoaned the effect of the coup in Niger, and the subsequent closure of the country’s border on their onions meant for sale. According to the importers, about 50 trucks of their onions have gone bad following the coup in the West African country. Currently, the importers revealed that about 100 trucks of onions were locked up at the border, while 50 of them have maneuvered their way to Ghana. Terrorist attacks on the Burkina Faso routes as well as the closure of Benin's shared border with Niger has…
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GFA President Kurt Okraku Drags Top Football Administrator To CID Over Alleged Assassination Plot
30 Aug

GFA President Kurt Okraku Drags Top Football Administrator To CID Over Alleged Assassination Plot

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President of the Ghana Football Association (GFA), Kurt Okraku, has lodged a formal complaint with the Criminal Investigation Department (CID) of the Ghana Police Service regarding an alleged, attempted murder. Sources say, per Kurt Okraku’s report to the CID, an individual only identified as David, confessed to the GFA president that he had been hired by Wilfred Kwaku Osei, to end Kurt Okraku’s life. Per the report, David further indicated that he had been offered a sum of GHS200,000 as payment for the ”job”. David, according to Kurt Okraku’s account, made the confession out of his ”affinity and admiration” for…
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2026 FIFA World Cup Qualifiers: Ghana To Host Madagascar In First Game Of Journey To Mundial
30 Aug

2026 FIFA World Cup Qualifiers: Ghana To Host Madagascar In First Game Of Journey To Mundial

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The Black Stars of Ghana will begin the campaign for the qualifiers for the 2026 FIFA World Cup in November 2023. This week, the full fixtures for the World Cup qualifiers have been revealed on the back of the draw conducted in July. It can be recalled that when the draw was held, the Black Stars were pitted in Group I. In the group, Ghana has to deal with Mali, Madagascar, Comoros, Central African Republic, and Chad. According to the full fixtures for the qualifiers, Ghana will host Madagascar in the first game of the qualifiers in November between November 13 and 21. In…
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Hearts Of Oak, Asante Kotoko Miss Out As CAF Officially Announces African Football League Participating Clubs
30 Aug

Hearts Of Oak, Asante Kotoko Miss Out As CAF Officially Announces African Football League Participating Clubs

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The two most glamorous clubs in Ghana, Hearts of Oak and Asante Kotoko, have missed out on the selected teams to participate in the inaugural African Football League. This is because the two teams have fallen off the rankings in recent years because of their shambolic performances in African inter-club competitions. The Confederation of African Football (CAF) announced the participating clubs on Tuesday night in an official statement on their website. The maiden African Football League is set to feature Africa's highest-ranked football clubs. CAF said it selected the best-ranked teams from three regions to compete for the prized winner medals,…
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EFL Cup: Jordan Ayew, Jeffrey Schlupp Provide Assists As Palace Complete Comeback Win Over Plymouth
30 Aug

EFL Cup: Jordan Ayew, Jeffrey Schlupp Provide Assists As Palace Complete Comeback Win Over Plymouth

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Ghana duo of Jordan Ayew and Jeffrey Schlupp came off the bench to provide assists for Crystal Palace in their 4-2 comeback win over Plymouth Argyle. The Premier League side had to come from two goals down to win 4-2 in round two of the 2023/24 EFL Cup on Tuesday at the Home Park. Crystal Palace found themselves behind after only 6 minutes after New Zealand forward Ben Waine struck the opening goal for Plymouth Argyle. The game travelled into halftime with Plymouth holding the one-goal advantage. Just a minute after the interval, Plymouth scored a second goal through Luke…
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Erling Haaland Wins PFA Player Of The Year Award
30 Aug

Erling Haaland Wins PFA Player Of The Year Award

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Erling Haaland has won the Men's PFA Players' Player of the Year award in recognition of his record-breaking season with Manchester City. WHAT HAPPENED? The Norwegian striker has been honoured by his fellow professionals after scoring an astonishing 52 goals last season to help City win the treble. Haaland collected the award at a ceremony at the Lowry Theatre in Manchester after seeing off competition from Harry Kane, who was the second top scorer in the Premier League behind the Norwegian, as well as City team-mates Kevin De Bruyne and John Stones, plus Arsenal duo Bukayo Saka and Martin Odegaard.…
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Coup D’état Not A Solution To Our Economic Challenges – NCCE
30 Aug

Coup D’état Not A Solution To Our Economic Challenges – NCCE

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Kathleen Addy, the Chairperson, National Commission for Civic Education (NCCE), Tuesday said the economic hardship currently being experienced by Ghanaians must not give rise to any form of political unrest in the country. She said coup d’état was not the solution to the country’s problems, stressing the need for Ghanaians to continue to uphold the tenets of democracy to sustain the gains made. “We cannot afford to erode the hard won gains of our democracy…Indeed, when it comes to coups, Ghana has been there – we have done that and we know for a fact that nothing good can come…
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