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Tag Archives: Business in Ghana

Ghana’s inflation rate drops to 9% from 9.4%

Ghana’s inflation rate has dropped to 9 percent, the lowest since 2013. The recorded rate for December last year was 9.4 percent. Acting government statistician, David Kombat revealed at a press briefing in Accra, the food inflation rate for January 2019 was 8 percent compared to 8.7 percent recorded in …

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Finance Ministry releases 2019 activity calendar

The Ministry of Finance has released its budget preparation calendar for the period covering February to December 2019. The calendar, prepared by MoF’s Budget Division includes activities that ultimately will contribute to the medium term national budget covering the four years, 2020 to 2023. The calendar has been prepared in …

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Economist fingers banking crisis for cedi fall

Economist, Dr Lord Mensah, has cited the banking sector challenges that culminated in the liquidation of some banks as a factor in the cedi’s current depreciation. He explained that the collapse of seven banks within a two-year period has shaken the confidence depositors who are now resorting to the use …

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New regions: GSS collating data on inflation

The Ghana Statistical Service (GSS) has revealed that it is working closely with the Ministry for Regional Reorganization and Development to get the needed data, in order to calculate inflation figures for the newly created regions. According to the Acting Government Statistician, David Kombat such figures will be made available …

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Electronic payment for public services starts July — Veep

Payment for services in the public sector will be digitised from July this year to ensure cashless government business, the Vice-President, Dr. Mahamudu Bawumia, has announced. The move, he said, followed the successful implementation of the mobile money interoperability infrastructure that would aid efficient electronic payments for government services. “As …

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GRA confiscates carbonated beverage without tax stamps

The Ghana Revenue Authority (GRA) Taskforce, on Tuesday, confiscated about 41 packs of Special Red Grape drinks, which do not Excise Tax Stamps affixed them. The products were seized from the Kate Laryea Store at Makola, in the Central Business District of Accra during a Monitoring and Enforcement excise to …

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