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'There is still traffic at Kasoa toll booth'
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'There is still traffic at Kasoa toll booth'


Summary short_text

A day after the budget was read, it was realised that none of the toll booth attendants went to work to collect road tolls.

At Kasoa for instance, they said the traffic starts at a bus stop before the police station, through to the booth, saying the traffic does not start at the booth.


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State institutions must cut expenditure to save economy
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State institutions must cut expenditure to save economy


Summary short_text

He says the strength of the economy depends heavily on government's expenditure especially the state institutions who normally over spend their budget.

Speaking on Okay FM's 'Ade Akye Abia' programme, he explained that there are a lot of unnecessary spending going on in government institutions which need to be reduced.


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Akufo-Addo commissions cocoa processing plant in Tema
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Akufo-Addo commissions cocoa processing plant in Tema


Summary short_text

Harold Poelma, President of Cargill Cocoa & Chocolate, explained that the project, which was sparked by the growing global demand for cocoa, also supports the company's long-term commitment to continuously invest in the cocoa sector and create more opportunities within the value chain.

Cargill has been buying cocoa from Ghana for over 40 years and in 2008 opened its state-of-the-art cocoa processing facility in Tema.


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Take advantage of Ghana's business-friendly climate


Summary short_text

The major programme driving the revival and revitalization of the Ghanaian economy, he said, is the one hundred-billion-cedi Ghana CARES 'Obaatampa' Programme, whose main elements include supporting commercial farming and attracting educated youth into commercial farming; building the country's light manufacturing sector; developing engineering/machine tools and ICT/digital economy industries; amongst others.

With Ghana witnessing a significant rise in interest from Norwegian investors, in several sectors of the economy, including agriculture, building and construction, general trading, manufacturing, oil and gas, and tourism, President Akufo-Addo commended some of his government's flagship policies to them.


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Ghana hosts 6th edition of AEZO annual meeting
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Ghana hosts 6th edition of AEZO annual meeting


Summary short_text

This year's meeting was held in partnership with Ghana Free Zones Authority and the African Continental Free Trade Area Secretariat.

Michael Oquaye who spoke at the event also stated that the Ghana Free Zones Authority remains the anchor for Ghana's Industrial Park and Special Economic Zones plan.


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Transport Unions to embark on strike action over fuel price hikes
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Transport Unions to embark on strike action over fuel price hikes


Summary short_text

The Ashanti Regional branch of the Ghana Private Road Transport Union, threatened to declare strike if the government fails to ensure a reduction in the price of fuel.

Speaking on Atinka Tv's morning show, Ghana Nie with Ekourba Gyasi Simpremu, spokesperson for the Coalition of Transport Organisation, Samuel Amoah said last Wednesday, the transport unions met the Deputy Transport Minister to speak on their request, with the expectation that he would grant their request concerning the reduction of the taxes.


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Government to remove E-Levy on inward remittances
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Government to remove E-Levy on inward remittances


Summary short_text

In President Nana Addo Dankwa Akufo-Addo's estimates of the revenue and expenditure of government for the 2022 financial year, presented to Parliament on Wednesday the 17th of November 2021, by the Finance Minister, Ken Ofori-Atta, government proposed a levy on all electronic transactions to widen the tax net and rope in the informal sector.

Some sections of society have endorsed the levy as the only available means through which government can reduce external borrowing, while others say its introduction is likely to have a negative impact on persons the levy will be applicable to as well as on the digitalization drive of government.


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AGI elects Ayim-Darke as new President
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AGI elects Ayim-Darke as new President


Summary short_text

Dr. Humphrey Kwesi Ayim-Darke as the new AGI president.

Dr. Humphrey Kwesi Ayim-Darke holds a Doctorate of Business Administration from the Swiss Business School Geneva, a Master's in Applied Business Research from the Swiss Business School Geneva, a Master of Arts in Organisational Development from the University of Cape Coast and is also an alumnus of the GIMPA Law School.


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World Bank urges Ghana to create more decent jobs to spur economic growth


Summary short_text

In an interview with the Ghana News Agency on the sidelines of the launch of the report, David Elmaleh, Senior Economist with the World Bank Ghana, said there was the need to improve the access and cost of finance to businesses.

He said the establishment of the Development Bank Ghana would also provide a strong and well-capitalised institution to ensure that the private sector's access to medium and long-term credit to expand and employ more people was secured.


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Cocoa farmers, others to boycott 2021 National Farmers Day Celebration
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Cocoa farmers, others to boycott 2021 National Farmers Day Celebration


Summary short_text

Mr Anane emphasised that the government's behaviour towards Cocoa Farmers in this country is not encouraging therefore he is calling on all cocoa farmers to boycott this year's celebration.

National Farmers Day in Ghana is celebrated on the first Friday of December each year to recognise the contributions of farmers and fishers in the country.


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There's still mad traffic at Kasoa toll booth


Summary short_text

Speaking on on Atinka TV's morning show, Ghana Nie with Ekourba Gyasi Simpremu, three of the attendants, Mariam, Eva and Ernest Antwi said even in their absence, there is still traffic at the booths.

At Kasoa for instance, they said the traffic starts at a bus stop before the police station, through to the booth, saying the traffic does not start at the booth.


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Fuel price hike: We'll strike, even fast to get what we want
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Fuel price hike: We'll strike, even fast to get what we want


Summary short_text

The Ashanti Regional branch of the Ghana Private Road Transport Union, threatened to declare strike if the government fails to ensure a reduction in the price of fuel.

When asked why they were not increasing lorry fares when fuel price goes up, he said when they increase the fares people don't board their vehicles.


Source: GhanaWeb |
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Take advantage of Ghana's business-friendly climate


Summary short_text

The major programme driving the revival and revitalization of the Ghanaian economy, he said, is the one hundred-billion-cedi Ghana CARES 'Obaatampa' Programme, whose main elements include supporting commercial farming and attracting educated youth into commercial farming; building the country's light manufacturing sector; developing engineering/machine tools and ICT/digital economy industries; amongst others.

With Ghana witnessing a significant rise in interest from Norwegian investors, in several sectors of the economy, including agriculture, building and construction, general trading, manufacturing, oil and gas, and tourism, President Akufo-Addo commended some of his government's flagship policies to them.


Source: GhanaWeb |
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President commissions cocoa processing plant in Tema
Image source: GhanaWeb

President commissions cocoa processing plant in Tema


Summary short_text

Harold Poelma, President of Cargill Cocoa & Chocolate, explained that the project, which was sparked by the growing global demand for cocoa, also supports the company's long-term commitment to continuously invest in the cocoa sector and create more opportunities within the value chain.

Cargill has been buying cocoa from Ghana for over 40 years and in 2008 opened its state-of-the-art cocoa processing facility in Tema.


Source: GhanaWeb |
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BizTech: These Ghanaian students solve everyday problems using STEM
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BizTech: These Ghanaian students solve everyday problems using STEM


Summary short_text

The Academic City university students are spearheading local inventions.

A team of students at the Academic City University College are taking the mantle of solving problems with their varied expertise and knowledge gathered.


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Concerned Lotto Agents kick against NLA's license renewal
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Concerned Lotto Agents kick against NLA's license renewal


Summary short_text

It would be recalled that the Director-General of the National Lottery Authority, Sammi Awuku asked the private lotto operators to pay GH₵1.

In a Press Release signed by the Public Relations Manager, King David he noted that CLAAG is therefore calling on the President Akufo-Addo led government to intervene since the majority of them renewed their license last year.


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Increase SSNIT contribution to 17.4% to avert collapse
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Increase SSNIT contribution to 17.4% to avert collapse


Summary short_text

John Ofori-Tenkorang, Director-General of SSNIT. In a report, the group pointed out that SSNIT's reserves are projected to deplete by 2037, but could be averted by increasing the contribution rate.

In effect, it maintained that the recommended contribution rate necessary to sustain the scheme for future generations is projected to increase from 12.3 percent in 2018 to reach a level of around 17.4 percent in the next three decades.


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Revenue projections by govt are too aggressive
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Revenue projections by govt are too aggressive


Summary short_text

Chief Executive Officer of Ghana National Chamber of Commerce and Industry, Mark Badu Aboagye, has said the government's revenue generation measures should consider the effects of businesses in the country.

Mr Aboagye indicated that although he is not entirely against revenue generation, he wants the government to take a second look at the businesses that are paying the imposed taxes.


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E-levy will hold back e-commerce industry
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E-levy will hold back e-commerce industry


Summary short_text

Paul Asinor, Executive Director of eCAG. The proposed 1.75 percent E-levy on mobile money, online shopping and other digital transactions as contained in the 2022 budget, according to the e-Commerce Association of Ghana, will erode gains made in building a buoyant e-commerce industry, financial inclusion and a digitalized economy.

Mr. Asinor, who described the move as a sharp U-turn and diversion of the state-sponsored vision of a cash-lite economy, further noted that the levy will take a negative toll on the use of digital payments and take the economy back to the 'cash is king' era adding that it will also slow down the development of e-commerce in the country, as most payments are made through mobile wallets and fintech platforms today.


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You don't pay your taxes yet complain about e-levy
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You don't pay your taxes yet complain about e-levy


Summary short_text

60,000 professionals do not pay their taxes, Ofori-Atta.

Speaking at the TUC Economic Dialogue on the 2022 budget, Ken Ofori-Atta said, the introduction of the 1.75% levy on all electronic devices is a way to get everyone to contribute their quota towards the recovery of the local economy.


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