Business Archives - Page 383 of 390

09 May

SIM Cards And Devices Of E-Levy Fraudsters Will Be Blocked – Telcos Chamber

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A week after the implementation of the Electronic Transfer Levy (E-Levy), the Ghana Chamber of Telecommunications is warning that the SIM cards, as well as the devices of persons defrauding people using the E-Levy, will be blocked when they are found out. According to reports from the Ghana Chamber of Telecommunications, some unscrupulous persons have started making money from the challenges that have surfaced following the implementation of the E-Levy. The Chamber says these persons, who pose as staff of the Ghana Revenue Authority or the Telecommunication companies, call unsuspecting members of the public under the guise of helping them…

09 May

GSA Assures Standards For Assembling Cars In Ghana Will Not Be Compromised

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The Ghana Standards Authority has pledged its commitment to making sure that standards for vehicle assembly and production in Ghana are not compromised. To achieve this, the Authority is doing all it can to ensure that the vehicles assembled in Ghana are of the highest standards to be able to compete on the African market through the African Continental Free Trade Area agreement. “In moving the auto policy and developing the auto standards, Ghana was minded by the fact that the AfCFTA Secretariat is here and there’s a huge market for vehicles. So we worked with the African Association of…

09 May

Faulty Equipment Caused Widespread Blackouts – GRIDCo

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The Ghana Grid Company has explained that the May 7 power outages in parts of the country were a result of a system disturbance caused by faulty equipment on the Takoradi Extension–Winneba line. In a statement, it said this caused all generating plants in Aboadze, Bui and Kpong to shut down. Plants in Tema were also forced to shut down, with the exception of the Kpone Thermal Power Plant. “This caused forced outages within the coastal corridor of the National Grid which led to power supply interruptions in some parts of Greater Accra, Western/Central, Middle and Northern parts of the…

06 May

Ghana Statistical Service Inaugurates New Board

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The Honourable Deputy Minister of Finance, Dr John Kumah, today inaugurated the Governing Board of the Ghana Statistical Service and charged the members to provide the needed guidance and assistance to the Management of Service. He further asked the Board to among others: (i) Work towards expanding the Establishment Post of the Service by ensuring experienced senior officers lead the production of statistics; (ii) Supervise the preparation of an appropriate Scheme of Service to guide the career development of the Staff (iii) Guide the conduct of all the censuses and surveys outlined in the Harmonizing and Improving Statistics in West…

05 May

Supply Of Cooking Oil To Stall If Indonesia’s Ban On Palm Oil Export Persists

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Stakeholders in the crude palm oil industry are warning of supply disruptions for cooking oil and imported crude palm oil on the Ghanaian market in the next 2 to 3 months if the ban on palm oil export from Indonesia isn’t lifted soon. Indonesia, the world’s biggest producer of crude palm oil, ordered a ban on the export of the commodity starting April 28 to address an ongoing shortage of cooking oil in the country. The Indonesian government acknowledged that the palm oil export ban will hurt international consumers but deemed it necessary to lower the price of domestic, branded…

05 May

GRA Assures Of Robust System To Keep Records On All E-Levy Deductions

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The Ghana Revenue Authority (GRA) has assured that it has put in place enough systems to track and keep all records of deductions done as part of the implementation of the Electronic Transfer Levy (E-Levy). This follows an order from the Supreme Court charging the GRA to keep accurate records of all e-levy deductions to enable a refund to payees if it is later determined that the law was passed unconstitutionally. The order from the Supreme Court came after its 7-member panel unanimously dismissed an injunction application by the Minority in Parliament to have the implementation of the controversial levy…

04 May

World Bank Provides $200m To Accelerate Ghana’s Digital Transformation Agenda

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The World Bank has approved $200 million to help the Government of Ghana increase access to broadband, enhance the efficiency and quality of selected digital public services, and strengthen the digital innovation ecosystem in Ghana to help create better jobs and economic opportunities. Digital is one of Ghana’s best-performing sectors and grew on average by 19 percent per year between 2014 and 2020. Today, Ghana is among the digital leaders in Sub-Saharan Africa and the Digital Economy diagnostic conducted in 2020 identified key bottlenecks that needs to be removed to further accelerate Ghana’s digital transformation. Building on previous investments, particularly…

01 May

VP Bawumia Cuts Sod For Anglican Church’s Rubber Plantation

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The Vice President, Dr. Mahamudu Bawumia, has, on Friday April 29, 2022, cut the sod for a rubber plantation farm at Assin Nsuta in the Central Region. The 826-acre rubber plantation, is an initiative of the Anglican Diocese of Accra (ADOA), and supported by the Agric Development Bank (ADB), is expected to create jobs for the youth within the community. Speaking at the sod-cutting ceremony, Vice President Bawumia commended the Anglican Diocess of Accra for the initiative, and also highlighted the immense benefits will bring to the local community and the nation as a whole. "In this day and age…

29 Apr

Use Of Public Enterprises League Table To Assess Performance Of SOEs To Begin In May – Minister

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As part of efforts to help identify state owned enterprises that are struggling for government to extend the necessary support, the Ministry of Public Enterprises is set to begin the use of a Public Enterprises League Table starting from next month, May, 2022. The sector minister, Joseph Cudjoe, believes the league table will help keep such enterprises on their toes which will, in turn, urge them to work harder to increase revenue for themselves and the country. According to the 2020 State Ownership Report, State Owned Enterprises recorded a cumulative loss of GHS2.6 billion in 2020. This however represents nearly…

29 Apr

Price Of Cooking Oil To Rise Following Indonesia’s Ban On Palm Oil Export

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The price of cooking oil and other products like soaps and biscuits, that are produced using crude palm oil (CPO) should rise in the coming weeks in Ghana if the ban on the export of palm oil from Indonesia isn’t lifted. This is according to stakeholders within the palm oil industry. Indonesia, the world’s biggest producer of crude palm oil, ordered a ban on the export of the commodity starting April 28 to address an ongoing shortage of cooking oil in the country. Ghana is a currently a net importer of crude palm oil and according to the Managing director…