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GSS defends agric census budget

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The Ghana Statistical Service (GSS) has defended its budget of 20 million dollars that it will be spending on the agricultural Census. The census is being undertaken by the GSS and the Ministry of Food and Agriculture with technical support from the Food and Agriculture Organization (FAO). The census is intended to help collect information on agricultural activities and products ...

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ETI tops all on GSE

gse new

Ecobank Transnational incorporated (ETI) recorded the most impressive performance on the Ghana Stock Exchange (GSE) in the month of June. The bourse in all returned about 5 percent for financial stocks. The total market capitalization increased to 62.8 billion cedis from May, 2014 to 62.5 billion cedis in June this year. 6 out of 10 companies that recorded gains were ...

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Organized Labour to strike over pension funds

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Organized Labour has given government a two week ultimatum to allow workers manage their funds under the National Pensions Act of 2008. Workers under the act are required to contribute 5.5 per cent of their earnings into a private fund as part of a mandatory second-tier programme. The pension scheme is currently managed by the National Pensions Regulatory Authority (NPRA) ...

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Mahama calls for support to reduce housing deficit

President John Mahama

President John Dramani Mahama on Monday called on Mortgage institutions to partner government to provide sufficient housing units for government workers and other individuals. The partnership, he suggested, should cover the use of local building materials that would reduce cost of production and the diversification of their building projects from the urban areas to smaller towns where workers could be ...

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GSS to spend $20m on agricultural census

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Ghana Statistical Service (GSS) is to spend $20 million on the on-going Agricultural Census spanning 2014-2017. Mr Anthony Amuzu, Director of Survey Organization and Census Directorate, said the census is being undertaken by the GSS and the Ministry of Food and Agriculture with technical support from the Food and Agriculture Organization (FAO). At the Inauguration of the Western Regional Management ...

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We will move out – NPA

Yaro Kasambata

The National Petroleum Authority (NPA) says it will comply with the Chief of Staff’s directive for the authority not to renew the $63, 000 rent agreement for its current head office. The Chief of Staff’s directive comes in the wake of raging public anger over the NPA’s decision to dole out $63,000 monthly  as rent for  the building. The Public Relations Officer (PRO) of the ...

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17.5 percent VAT postponed until further notice

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The Ghana Revenue Authority (GRA) has deferred the implementation of the 17.5 percent Value Added Tax (VAT) charges on non-core financial services. The GRA in a statement noted that suspension of the implementation will allow for more time for public education and adequate preparation by the banks for a smooth implementation. ” After a careful evaluation of progress of the ...

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Govt challenges Moody’s downgrade

Seth Terkper, Finance Minister

Moody’s Investors Service has downgraded Ghana’s sovereign rating to B2 from B1, citing the country’s rising debt burden and deteriorating debt affordability. In its report, Moody’s stated that the primary driver of its decision to downgrade Ghana’s sovereign rating to B2 was the country’s high and rising debt burden and deteriorating debt affordability. The report indicated that the rating agency ...

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NPA suspends 20% fuel price increment

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Ghanaians will be spared of the imminent increase in fuel prices on July 1, 2014. This is because the National Petroleum Authority (NPA) has maintained the prices in its latest price review despite earlier indications of a 20% increase. Officials of the NPA, the Chamber of the Bulk Oil Distribution Companies and other stakeholders met this weekend to deliberate on ...

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Gov’t suspends implementation of 17.5% VAT

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Citi Business News has gathered that government has directed the Ghana Revenue Authority (GRA) to suspend the implementation of the 17.5 percent Value Added Tax (VAT) charges on non-core financial services. Industry, the Private Enterprise Federation (PEF) and unionized workers have been pressurizing government to withdraw the 17.5 per cent VAT. According to them, the move will further cripple their ...

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