The trader emphasized specific difficulties in the hardware distribution sector, where the VAT implementation resembles double taxation.
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Category:
Economy and Finance
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Economy and FinanceFeaturesLifestyleMining & EnergyNews
Mining companies repatriated US$4.2bn to Ghana in 2023.
by Adnan Adamsby Adnan Adamsthe Chamber’s member companies brought $4.2 billion into Ghana through commercial banks and the Bank of Ghana in 2023.
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Economy and FinanceLifestyleNews
Cedi to end year at GH¢15.91 to a dollar.. as IC Sec. revises it forecast.
by Adnan Adamsby Adnan AdamsIC Securities expects the exchange rate to rise to GH¢15.91/US$ by the end of 2024.
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Economy and FinanceFeaturesLifestyleNews
Ghana’s youth unemployment stags around 7.16% – AfDB report .
by Adnan Adamsby Adnan AdamsRising youth unemployment in Ghana is a growing concern, prompting calls for intensified structural transformation.
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Economy and FinanceFeaturesLifestyleNewsTechnology
Parliament, CSOs alarmed as Ghana loses $1.4bn yearly from illicit financial flows.
by Adnan Adamsby Adnan AdamsMr Kairu elaborated on the impact of multinational corporations operating in Ghana, noting, “You also have multinational companies in this country and you are losing over $1.4 billion every year …
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Economy and FinanceFeaturesLifestyleNewsTechnology
Over half a million businesses to be deleted from Company’s register by June ending.
by Adnan Adamsby Adnan AdamsThe ORC reminded companies and businesses in default to file their annual returns and renewals as directed by the Registrar of Companies, as the Office will conclude the validation process …
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Economy and FinanceFeaturesLifestyleNews
Debt Exchange: IPPs threaten to walk away from negotiating table.
by Adnan Adamsby Adnan AdamsGhana has been negotiating with the IPPs since last year to rework the arrears as part of its external debt revamp.
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Economy and FinanceFeaturesLifestyleNews
Ghana misses revenue target by 25% in first four months.
by Adnan Adamsby Adnan AdamsThis shows a shortfall in revenue target by GH¢7.7 billion for the periods January to April.
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Economy and FinanceFeaturesNews
Inflation to end year at 17%… as BoG tightens monetary control.
by Adnan Adamsby Adnan AdamsApparently, the Central Bank MPC expects the disinflation process to continue, aiming for headline inflation to settle within the 13% to 17% range by the end of 2024.
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Economy and FinanceFeaturesLifestyleNewsTechnology
World Bank Supports Ghana to Strengthen its Financial Sector.
by Adnan Adamsby Adnan Adams“The World Bank Group’s support aims to help address short-term shocks to improve prospects for long-term sustainable development and long-term resilience against future shocks.