News from the world of business.

News from the world of business.

The Institute of Economic Affairs (IEA) is warning against any increase in the Policy Rate (PR), saying, it will be disastrous for the economy.

The Bank of Ghana will sell a total of $420 million to Bulk Oil Distribution Companies via banks in the final quarter of this year, in its Foreign Exchange Auctions.

Oil marketing companies starts reducing prices of some petroleum products with Goil selling a liter of petrol at GHS10.95pesewas whiles the price of diesel remains unchanged.

The Securities and Exchange Commission (SEC) has pledged to intensify its collaboration with the Economic Organised Crime Office (EOCO) to unmask faceless individuals behind activities of online ponzi schemes in the country.

Beginning October, 2022, directors of registered businesses across the country issuing fake invoices, receipts and also failing to file their annual tax returns could face over five years in prison.

The National Petroleum Authority (NPA) is going after the directors and shareholders of some 45 Oil Marketing Companies (OMC) over debts running into more than ₵400 million.

The Domestic Tax Revenue Division of the Ghana Revenue Authority (GRA) has warned businesses issuing fake Value Added Tax (VAT) invoices to consumers to desist from that or face prosecution.

News from the world of business.