Economy and Finance

GUTA therefore appealed to the government to urgently halt the implementation of the 5 per cent excise tax on plastic manufacturing companies to alleviate economic hardship in the country.

The GPMA argued that Ghana’s tax regime is unparalleled globally, suggesting it is excessively burdensome.

The refinery, is to add value to the country’s manganese production while expanding the benefits from the resource to the citizen through job creation and expanding the economy.

The government through the Finance Ministry has underscored the importance of maintaining economic stability and pursuing sustainable growth amid the upcoming political season.

“Guarantees could also be used to attract private sector investors to provide “take-out” financing to replace standard World Bank or IFC loans, freeing up overall lending capacity.”

The data further indicatesld that, Ghana’s export saw a notable increase of 8 percent in 2023, rising to €2.6 billion from €2.4 billion the previous year.

Despite the pending request, the Ghana Revenue Authority (GRA) has begun issuing demand notices to plastic manufacturers, compelling them to comply with the new tax from June 21, 2024, or …

        Africa presents a compelling investment destination for Japanese firms, with high growth potential and the African Development Bank’s strong support to manage risks, African Development Bank …

GUTA and its members have been abusing the free market economy to increase prices, contributing significantly to the inflation we are now experiencing in Ghana.

The government has restructured its debt of US$5.1 billion with these creditors and has also completed the restructuring of US$13.1 billion with Eurobond holders.