Ghana Business News — Ghana’s Premier Business News Portal
WEBAfrica’s mounting debt crisis and the need for reform in the global financial architecture. Aug 8, 2024 0. Africa’s debt stocks have grown significantly in the past decade. Understandably, African governments took advantage of historically low interest rates in the 2010s and borrowed heavily from international capital markets and China.
Ghana introduces beneficial ownership regime for company …
WEBMar 30, 2021 — The Registrar-General’s Department (RGD) has introduced the Beneficial Ownership (BO) Transparency Regime as part of the Company Registration processes under the Companies Act 2019 (Act 992). A statement signed by Mrs Jemima M. Oware, the Registrar-General, and copied to the Ghana News Agency, said one of the purposes for which the BO Regime ...
NBSSI is now Ghana Enterprises Agency - Ghana Business News
WEBJun 7, 2021 — The Ghana Enterprises Agency Act, 2020 (Act 1043), was passed by Parliament in November 2020 and assented to by President Nana Addo Dankwa Akufo-Addo in December, 2020. The Act repealed the National Board for Small-Scale Industries Act 434, (Act 1981). Ms Yankey-Ayeh said the NBSSI’s annual budget had increased from GH¢20,000 in 2016 to GH¢ ...
Minority challenges Bawumia’s ¢17b take or pay claim
WEBJul 16, 2022 — The Minority in Parliament has challenged the claim by Vice President Dr Mahamudu Bawumia at a recent public lecture that the government has paid GH¢17 billion for excess capacity payment arising out of the “take or pay” agreement. According to the Minority, the claim by the Vice President is untrue and therefore challenged him to provide ...
Digitisation saved Ghana over GH¢356m – Bawumia
WEBOn Apr 9, 2024. Vice President Mahamudu Bawumia says digitization has saved the country millions of cedis. He said for example, Social Security and National Insurance Trust (SSNIT) had saved GH¢480 million by eliminating 29,000 ghost pensioners, with the National Service Secretariat eliminating 44,000 ghost workers saving the country over GH¢ ...
Parliament approves GH¢1.2b for Transport Ministry, agencies
WEBOn Dec 15, 2022. Parliament on Wednesday approved GH¢1.2 billion for the Transport Ministry and its agencies to carry out activities for the fiscal year ending December 31, 2023. The amount represents a 33.06 per cent increase over the 2022 initial budgetary allocation of GH¢921,483,000.00. The 2022 fiscal year amount was subsequently revised ...
Newmont pays GH¢843.72m taxes to Ghana government
WEBMay 24, 2023 — Newmont Africa has paid a total of GH¢843.72 million in taxes, royalties, and levies to Government for the first quarter of 2023. The amount, realised from operations in the Ahafo South and Akyem mines, consists of a Corporate Tax of GH¢514.57 million; Minerals Royalties of GH¢197.06 million; GH¢78.23 as Pay As You Earn (PAYE); GH¢42.31 as Withholding Tax; and GH¢11.55 million as ...
World Bank approves $300m loan for Ghana’s economy
WEBJan 23, 2024 — The World Bank today approved a $300 million Development Policy Operation for the country. In a press statement copied to Ghana Business News, the Bank said: “The First Resilient Recovery Development Policy Financing is a critical contribution by the Bank’s International Development Association (IDA) …
New increased Ghana passport fees announced
WEBApr 1, 2024 — It said the adjustment would take effect from Monday, April 01. According to the announcement, the new processing fees for various types of passport documents include Expedited Application 48 pages GH¢800.00, Expedites Application 32 pages GH¢700.00, Standard Application 32 pages GH¢500.00, Standard Application 48 …
Ghana was supposed to start using PayPal by 2020, what happened?
WEBApr 12, 2021 — Dr. Mahamudu Bawumia. In May 2018, the Vice-President, Dr. Mahamudu Bawumia said Ghana had concluded discussions with PayPal and if all goes well the country would become PayPal compliant within some timeframe, but those timelines have passed, and Ghana is still not compliant. “I am happy to announce that Ghana has concluded discussions with PayPal and Ghana will therefore, if all goes well ...