he Registrar General’s Department (RGD) says it has extended the deadline for the filing of Annual Returns and Renewal of Partnerships and Businesses from July 31 to December 31, 2020. In a release issued in Accra and signed by Constance Adomaa Takyi, Head of Public Relations, the RGD said this was for all companies limited …
Board of directors (BoDs) of companies must not approve Corporate Social Responsibility (CSR) budget beyond the financial capacity of their organisations in a bid to support the fight against COVID-19, Dr Abraham Ansong, the Head, Department of Management at the School of Business, University of Cape Coast (UCC), has advised. He explained that though CSR …
The Head of the Financial Intelligence Centre (FIC), Kwaku Duah, has noted that Ghana is scaling up its fight against money laundering in the country. He said Ghana is performing well per the reports of the Financial Action Task Force, (FATF). Recently, the European Commission cited Ghana as one of four African countries listed by …
The Volta Regional Office of the Ghana Revenue Authority (GRA) was on Tuesday overwhelmed by operators of Small and Medium Scale Enterprises (SMEs) in the Region seeking to register for Tax Identification Numbers (TIN). The rush for the unique identification, a mandatory requirement for business transactions, was necessitated by the government’s release of a stimulus …
In the wake of the COVID-19 pandemic and its impact, Ghanaian businesses had been looking forward to a further reduction in the policy rate by the Bank of Ghana. The policy rate, which is the rate at which the central bank lends to commercial banks, and is also used by banks to calculate their base …
The Bank of Ghana (BoG) has noted that the use of electronic means of payment went up due to the partial lockdown of Accra and Greater Kumasi following the Coronavirus outbreak. The lockdown led to the decline in cash transactions, the central bank said. President Nana Addo Dankwa Akufo-Addo, as part of his measures to …
The contractor of the University of Ghana Hospital project, EDC Engineering and Construction Limited based in Isreal, has donated an amount of GH¢100,000 to the COVID-19 Trust Fund. This was in response to the clarion call made by the President Nana Addo Dankwa Akuffo Addo after he had established the COVID-19 Trust Fund with the …
Government is set to launch its electronic payment platform for payment for government goods and services in few weeks. Already, some public agencies such as the Driver and Vehicle Licensing Authority (DVLA) and the Passport Office have such payment platforms. According to Communications Minister, Ursula Owusu-Ekuful, the foundation of digital economy has been laid and …
Vice President, Dr. Mahamudu Bawumia says government will by the end of this year, convert all National Identification Numbers to Tax Identification Numbers, to increase the tax paying populations. According to him, the move is expected to increase the tax population by some already existing 2 million registered tax payers to 16 million registered tax …
The Social Security and National Insurance Trust (SSNIT) has announced an increase in pensions by at least 11% for 2020. Director-General of SSNIT, Dr John Ofori-Tenkorang announced Thursday in Accra as part of the review in pension indexation. The 2020 indexation rate was determined using the percentage change in the annual average Consumer Price Index …