Latest Updates

Latest Updates

Coronavirus

Coronavirus pandemic rails Ghana’s economy into a recession

Ghana’s economy has, for the first time in nearly four decades, experienced a recession for consecutively two quarters of 2020. According to provisional GDP figures by the Ghana Statistical Service (GSS), the economy suffered a contraction as a result of the adverse impact of the coronavirus pandemic and its associated effect on growth. The figures …

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Covid-19

Inflation drops to 9.8%; lowest rate since outbreak of COVID-19

Ghana has for the first time since the outbreak of the novel Coronavirus pandemic in the country recorded a drop in inflation below 10%.   The year-on-year inflation rate for November which is 9.8% percent, is lower than the revised inflation target of about 11 percent announced in the 2020 mid-year budget statement.   The …

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Kia

Kia is recalling 295,000 US vehicles because of engine fire risks

Kia is recalling about 295,000 vehicles in the US because their engines are at risk of catching fire while driving. The affected models include some 2012-2013 Sorento, 2012-2015 Forte and Forte Koup, 2011-2013 Optima Hybrid, 2014-2015 Soul, and 2012 Sportage vehicles. Kia Motors America will alert owners of the affected models about the issue, while …

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SSNIT

SSNIT saves GH¢130m in three years as it blocks ‘ghosts’ from withdrawing from scheme

The Social Security and National Insurance Trust (SSNIT) has saved an amount of GH¢130 million in the last three years through the cleaning of the pensioner’s payroll, the Director-General, Dr John Ofori-Tenkorang, has said. He said this was done by deleting ‘ghost names’ on the payroll list every year. “Our current pension scheme says when …

SSNIT saves GH¢130m in three years as it blocks ‘ghosts’ from withdrawing from scheme Read More »

Tax

Telcoms Chamber advocates for digitization of payment of tax

The Chief Executive Officer of the Ghana Chamber of Telecommunications, Ken Ashigbey, says the government’s agenda to digitize the economy will make it easier for payment of taxes, especially by the country’s informal sector. The collection of taxes from people within the informal sector has remained one of the biggest challenges for the Ghana Revenue …

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Senyo

Not much will change on Ghana’s business landscape post COVID-19 – Senyo Hosi

CEO of Chamber of Bulk Oil Distributors (CBOD), Mr Senyo Hosi, has said while businesses in other parts of the world are adapting and responding to the changes caused by the coronavirus pandemic, not much seems to be happening in Ghana. According to him, it appears nothing will change after COVID-19, because at the national level, …

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