Business

01 Aug

Global Price Dynamics Push Value Of Ghana’s Total Exports To $9 Billion In June 2022 – BoG Data

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The value of Ghana’s total exports increased to about 9 billion dollars in June 2022, from the 7.6 billion dollars recorded during the same time period in 2021. This is contained in the Bank of Ghana’s Summary of Macroeconomic and Financial Data for July 2022. The report also shows an increase in total imports from about 6.7 billion dollars in June 2021 to about 7.5billion dollars in June 2022. The latest figures by the Bank of Ghana indicate that the country received 9 billion dollars from her exports in June 2022 compared to the estimated 7.5 billion dollars it spent…
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01 Aug

Business Registration To Go Online In A Year – Registrar Of Companies

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The Registrar of Companies, Jemima Oware has announced that business registration will be done digitally in a year’s time. According to her, a software would be deployed in a couple of months, a move she says will help eliminate activities of third party agents popularly called ‘Goro Boys’ who front for persons seeking to register their businesses. Speaking at a roundtable discussion organized by Veritas International, on the theme, “Doing Business in Ghana: A Legal Perspective”, Mrs. Oware said her outfit will ensure that the processes for registering and doing business in Ghana is made less stressful. “Through the World…
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01 Aug

This Is Evil Corruption; You’ll Be Found Out – Ursula Warns Qwik Loan Customers Who Don’t Want To Pay

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The Minister of Communications and Digitalisation, Ursula Owusu-Ekuful has warned Qwik Loan customers who do not want to pay their debt hence, refusing to re-register their SIM cards that they would be found out. She described their action as evil corruption. It is recalled that Ningo Prampram Member of Parliament, Samuel Nartey George, said some Qwik Loan customers who were yet to settle their debt had decided not to pay and were waiting for their SIM to be blocked. Speaking on the Key Points on TV3 Saturday, July 30 in connection with the earlier plan to end the SIM re-registration by today, Sunday,…
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01 Aug

Gov’t Reduces E-levy Revenue Target For 2022 To GH₵611 Million

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Government has once again revised its revenue target for the Electronic Transfer Levy (E-Levy) for this year to GH₵611 million. The government had hoped to rake in about GH₵6.9 billion from the collection of the levy on mobile money and other electronic transactions, but the figure was revised downwards to about GH₵4.9 billion following the delay in the passage of the e-levy bill. The levy, which was initially pegged at 1.75 percent on mobile money and other electronic transactions, was later reduced to 1.5 percent following protests from various stakeholders. After the delay in the passage of the e-levy bill…
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01 Aug

Check Services You’ll Lose After August If You Don’t Register Your SIM Despite Extension

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Despite the latest extension of the SIM card re-registration by the Minister of Communication and Digitalisation, one stands to lose some services if they don’t register their cards by the end of August. According to Ursula Owusu-Ekuful, the new window of opportunity – which extends the deadline to Friday, September 30 – will be reviewed at the end of August and those who have still not registered will face consequences. “The program will be extended to 30th September to end on the anniversary of its commencement,” Mrs Owusu-Ekuful, who is also the Ablekuma West Member of Parliament, said on Sunday,…
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01 Aug

New Deadline For SIM Re-registration Too Short – MoMo Agents Association

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The Mobile Money Agents Association has said the two months extension announced by the government is not enough time to guarantee that all Ghanaians would re-register their SIM cards. According to the association, the challenge for many registrants is their inability to access their Ghana Cards. In an interview with Citi News, the Secretary of the Mobile Money Agents Association, Evans Otumfuor, said until problems facing the National Identification Authority are dealt with, the extension would have little impact. “Looking at the exigencies that government wants us to regularize our credentials with the Ghana Card, we were thinking that at…
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01 Aug

How Non-Resident Ghanaians, Ghanaians Outside The Country, Visitors Can Register Their SIMS – Ursula

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The Minister for Communications and Digitalisation, Ursula Owusu-Ekuful has explained how non-resident Ghanaians, Ghanaians on official assignments outside the country and visitors can register their SIMS without a Ghana card. Non-residents According to the Minister, non-resident Ghanaians who do not have the Ghana card can use their passports to complete the process but will be required to update. “I urge them to comply with these directives and to contact the National Communications Authority (NCA) if they have any peculiar challenges,” Mrs Owusu-Ekuful said today at a press briefing in Accra. She added that Ministry will on Tuesday, August 2, 2022,…
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01 Aug

Self-Service SIM Re-registration App To Be Launched, Subscribers To Pay ₵5

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The Minister for Communications, Ursula Owusu-Ekuful, has announced that a self-service sim reregistration app will be launched on August 2. According to her, this app will enable the public re-register their sim cards in the comfort of their homes without having to queue at any network operator’s office. Speaking at a press briefing on Sunday, Mrs Owusu-Ekuful said that the app will be available for download on both android and IOS this week barring any unforeseen circumstances. Also, each registration via the app will be subject to a GH¢5 surcharge, she added. The minister said that the launch of the…
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01 Aug

Ursula Reluctantly Extends Deadline For SIM Re-Registration

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Minister of Communications and Digitalization, Ursula Owusu-Ekuful has extended the deadline again for the SIM re-registration exercise which should have ended today Sunday, July 31. She said she reluctantly granted the request to prolong the deadline following a number of genuine reasons that have been given by stakeholders including the telecom companies. Addressing a press conference in Accra on Sunday July 31, she said “The NIA has not been able to issue all eligible persons with the Ghana Card. As at Thursday July 21, 2022, 16,969,034 individuals have registered for the Ghana Card, with about 16,535,623 cards printed. 15,702,719 cards have…
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01 Aug

Côte d’Ivoire And Ghana Decide To No Longer Sell Their Cocoa At Origin Differentials Below Zero

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Côte d’Ivoire and Ghana have decided to no longer sell their cocoa at origin differentials below zero, from as much as 125 pounds below the ICE terminal market, their joint Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI) announced in Accra. The origin differential is an additional country quality premium that has traditionally been determined by the market. It is a key factor in determining cocoa prices and together with the Living Income Differential (LID), as well as the Intercontinental Exchange Europe Price (the London Futures market for cocoa), guarantees a higher price for farmers in the world’s top cocoa producers. The new…
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