Accra, Ghana – Yofi Grant, CEO of the Ghana Investment Promotion Centre (GIPC), stood firm in his defense of the recent decision to abolish the capital requirement for foreign businesses, despite backlash from lo cal trading groups. The move, aimed at creating a more competitive business environment and attracting investors, […]

Accra, Ghana- The Ghana Union of Traders’ Associations (GUTA) has sounded a warning bell, calling on the government to immediately withdraw the newly introduced 5% Excise Tax on plastic manufacturing companies. According to GUTA, the additional tax burden would push these companies to the brink of collapse, exacerbating the already […]

Accra, Ghana – The recent hike in Liquefied Petroleum Gas (LPG) prices is posing a significant challenge to Ghana’s efforts to promote clean energy in its transport sector. Despite being a cleaner and safer alternative to diesel and petrol, the rising costs of LPG are causing a decline in its […]

Accra, Ghana – Ghana has successfully restructured its debt with official bilateral lenders and Eurobond holders, resulting in a substantial debt service relief of $7.5 billion between 2023 and 2026. This achievement was announced at a joint press conference by the Ministry of Finance and the Bank of Ghana, in […]

Accra, Ghana- As of July 1, 2024, Ghanaians will have to dig deeper into their pockets to purchase LPG, as prices are expected to increase by 5%. This hike is attributed to the cedi’s depreciation against the US dollar and the surge in international prices of finished petroleum products. The […]