Laws & Regulations

The African Export-Import Bank (Afreximbank) has on June 18, launched its wholly-owned insurance management services subsidiary, AFREXInsure in Accra.

Energy Policy Analyst, Benjamin Nsiah, has called on the government to re-direct its dollar auction policy towards the importation and pricing of Liquefied Petroleum Gas (LPG) in Ghana.

The mobile telecommunication industry in Ghana paid taxes and other remittances worth ¢4.3 billion to the government and other allied agencies in 2021, the Ghana Chamber of Telecommunications has revealed.

The Ghana Revenue Authority has set April 1st, 2022 to begin collecting taxes from non-resident Ghanaians who undertake online businesses such as using Facebook to sell or electronic-commerce (E-commerce).

Mr Samuel Abu Jinapor, the sector Minister, who said this at a media briefing in Accra on Wednesday, said the reforms would focus on amending the laws regarding the licensing, issuance of permits, sanctioning and enforcement regimes in the mining sector.

Dr Isaac Nyame, a Consultant with the Private Enterprise Federation (PEF), has called on government to implement simple tax system to help improve the country’s tax revenue.

The Minister of State in charge of Public Procurement, Hon. Sarah Adwoa Safo, has said that as part of efforts at strengthening the capacities of local contractors, the government has made a policy where 70% of all its contracts or projects shall be awarded to local contractors.

The Deputy Minister of Food and Agriculture, William A. Quaittoo has stated that the Green Innovation Centre (GIC) project for the food and agriculture sector is consistent with the Planting for Food and Jobs programme, a priority of the Ministry of Food and Agriculture.

The Vice-President, Dr Mahamudu Bawumia, has stated that the government has begun a review of the tax exemptions regime to eliminate abuse and make them more efficient.