Spare parts dealers at Abossey Okai, the nation’s largest hub for vehicle components, have voiced their grievances over the crippling effect of exorbitant port charges and government neglect on their businesses. According to representatives from the Abossey Okai Spare Parts Dealers Association, the soaring import charges and cumbersome tax regime threaten the survival of the … Read more
The ECOWAS Bank for Investment and Development (EBID) has solidified its commitment to Ghana’s economic growth by pledging to inject USD 200 million into the Ghanaian economy. This strategic collaboration involves partnerships with the Ghana Export-Import Bank (GEXIM) and GCB Bank PLC, aimed at catalyzing development and resilience across the region. The Memorandum of Understanding … Read more
According to the latest statistical report released by the Births and Deaths Registry in Ghana, a staggering total of 18,689 deaths were attributed to the top 11 causes of mortality in the country in the year 2022. This accounted for 36.7% of all registered deaths, which amounted to 50,992. Topping the list of killers was … Read more
Richard Okai, a 26-year-old mobile money sales boy, has found himself in hot water after being accused of embezzling approximately GH¢1,385,910.3. His case is currently before an Adentan Circuit Court, awaiting the Attorney General’s (AG’s) direction on further action. Okai, who initially pleaded not guilty to six counts of stealing various amounts, was first brought … Read more
In recent years, Ghana has experienced a remarkable surge in agribusiness activities. This boom in agribusiness is reshaping the country’s economy and offering new opportunities for growth and development. If you’re curious about what’s driving this trend and how you can be a part of it, here’s what you need to know. Agribusiness, simply put, … Read more
The Nigerian Economic Summit Group (NESG) has voiced its concerns regarding the Federal Government’s proposed 0.5 percent cybersecurity levy, warning that it could undermine efforts to achieve 95 percent financial inclusion by 2025. In a recent report, the NESG highlighted that the timing of the levy could hinder the Central Bank’s initiatives aimed at promoting … Read more
The Ghana Stock Exchange (GSE) has achieved a historic milestone with its market capitalization soaring to an unprecedented GH¢80.20 billion in April 2024. This remarkable achievement reflects substantial gains in the share prices of various companies, indicating robust market sentiment and heightened investor confidence. According to the GSE’s April 2024 Summary of Market Activities, the … Read more
The Ghana Revenue Authority (GRA) has reported a significant increase in revenue following the successful pilot of its Electronic Value Added Tax (e-VAT) system. According to the GRA, the pilot phase, which concluded recently, led to a remarkable 58% boost in VAT revenue, equivalent to an additional GH¢384 million. During the pilot phase, the electronic … Read more
Joseph Boahen Aidoo, the Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), emphasized the crucial role of cocoa in Ghana’s economic landscape. Speaking on the “Your Ghana, My Ghana” show on Graphic’s Online TV, Aidoo underscored the significance of the cocoa sector, labeling it as the “oxygen” of the nation’s economy. Aidoo elucidated … Read more
Hey there! Today, we will be discussing some of the business for ladies in Ghana. You might be wondering what kind of business do women do. Well, let me tell you, there are a lot. First off, let’s talk about why women’s entrepreneurship is such a big deal. In Ghana, like many other places, women … Read more