Daily Archives: June 5, 2012

GUTA Fights Profit Repatriation

Members of the Ghana Union of Traders’ Association (GUTA) have called on government to restrict the percentage of profits that foreign businesses repatriate to their home countries from Ghana. Daniel Aggrey, Vice President of GUTA, speaking to BUSINESS GUIDE, in … Continue reading

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Take Advantage of Provision in Tax

A tax expert has hinted that there are many provisions in the tax laws in Ghana which could be exploited by taxpayers. Andy Akoto of KPMG Ghana pointed out that the provisions presented opportunities to the taxpayers. Speaking at ‘Taxation … Continue reading

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Gov’t Reneges Tax Promise

Plastic producing and consuming companies in the country are dissatisfied with government’s inability to reduce the environment tax from 20 per cent to 15 per cent, which was announced in the 2012 Budget Statement. The Minister of Finance and Economic … Continue reading

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Free Zones Coys Violate Rules

Government has been advised to enforce laws that regulate the Free Zones enclave as some operators are violating the rules. Companies in the Free Zones enclave are expected to export 70 per cent of their products and release the rest … Continue reading

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Ghanaians Build New FPSO

Some Ghanaian employees of Tullow Ghana will be part of a team of foreign technicians who will be constructing a new Floating Production Storage and Offloading (FPSO) vessel for the oilfield to further deepen the local content initiative of the … Continue reading

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Ecobank Ghana Limited is inching closer to its goal of becoming the biggest bank in the country in terms of assets and the recent merger with The Trust Bank (TTB) provides it with the drive to achieve the feat rapidly. … Continue reading

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Cocoa Stakeholders Could Lose Profits

Noah Amenyah, Corporate Affairs Manager, Ghana Cocoa Board (COCOBOD), has noted that stakeholders in the cocoa sector may lose their profits if the price of cocoa on the world market continues to drop. Speaking in a telephone interview with BUSINESS … Continue reading

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