Joy Business Report @1

The national petroleum authority has began investigations into the recent increase in the prices of diesel.

More oil marketing companies are increasing prices of petroleum products.

Bringing you updates from the world of business

Bringing you updates from the world of business

The Association of Ghana Industries is lamenting about the recent hike in the Bank of Ghana’s policy rate to 19%, saying, its members have been gravely affected by the increment which has increased the cost of loans.

The Ghana Revenue Authority will soon launch the automation of all tax clearing certificates. This move will reduce drastically all those evading taxes. According to the Commissioner-General, Reverend Dr. Ammishaddai Owusu-Amoah, this will be done in two ways – the USSD Code and the Ghana Card.

Governor of the Bank of Ghana, Dr. Ernest Addison said the Central Bank intends to expand its e-banking initiative by testing the offline version to areas with no internet connectivity.

The Ghana Cocoa Board (COCOBOD) has announced the closure of the main cocoa crop season. “It is hereby notified for general information that purchases of the 2021/2022 Main Crop Cocoa Season will close on Thursday, 26th May, 2022”, a statement from COCOBOD said.

Institute of economic affairs calls for durable solution to address weak structural fundamentals of the economy insisting inflation target in framework has become less responsive.

Task consultant Dr. Abdulai cautions e-levy may not yield needed revenue following a preliminary rate survey.