BUSINESS NEWS
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Budget deficit financing hurts but unavoidable – BoG Governor admits
THE Bank of Ghana (BoG) has admitted that the continuous financing of the deficit by the central bank is hurting…
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GRA closes China Mall for refusing to fix electronic VAT system
The enforcement team of the Ghana Revenue Authority (GRA) has locked the Chinese retail shop, China Mall, and its warehouses…
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Development Bank pumps GH¢245m into SMEs
The Development Bank Ghana (DBG) has so far disbursed about GH¢245 million to its partner financial institutions for on-lending to…
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E-Levy Rakes ¢328.80m– GRA
The Electronic Transaction levy commonly called E-levy has raked in ¢328.80million as at September 2022, the Ghana Revenue Authority (GRA)…
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We are coming after you – GRA warns tax defaulters
The Ghana Revenue Authority (GRA) has vowed to clamp down on entities that fail to comply with tax obligations. This…
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We can’t pay compensation to customers- ECG to PURC
The Electricity Company of Ghana has ruled out any compensation for customers who were unable to buy electricity credits because…
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Monetary Policy Rate increased to 24.5%
The Monetary Policy Rate has been increased by 250 basis points to 24.5 percent. The Bank of Ghana has said…
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Ghana’s debt to GDP to hit 104.6%
THE WORLD Bank has classified Ghana as a high debt distress country. According to the international financial institution, the country’s…
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Ghana retains seat on ITU Council
Ghana has been re-elected to the Council of the International Telecommunication Union (ITU) for the 2023 to 2026 term. The…
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Africa food prices soaring amid high import reliance
Staple food prices in sub-Saharan Africa surged by an average 23.9 per cent in 2020-22—the most since the 2008 global…
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