Month: December 2024

K.T Hammond justifies tax exemptions to 1D1F companies

Business

Trade and Industry Minister K.T. Hammond is currently defending the government against allegations from the Minority in Parliament regarding approximately GH₵12.5 billion in proposed tax waivers. The controversy began when the Ranking Member of the Trade and Industry Committee, Yusif Sulemana, claimed that the government is attempting to grant GH₵7 billion in new exemptions under […]

Government Retains 30% Stake in Vodafone Ghana Following Telecel Takeover

Business

The Minister for Communications and Digitisation, Ursula Owusu-Ekuful, has confirmed that the Government of Ghana intends to keep its 30% shareholding in Ghana Telecommunications Company Limited (Vodafone Ghana). Speaking on the floor of Parliament on December 11, the Minister clarified that despite the recent change in majority ownership, the state has no plans to divest […]

Parliament Approves $350 Million in World Bank Loans for Coastal Protection and Crop Diversification

Business, News

Parliament has granted approval for two major loan agreements totaling $350 million from the World Bank to strengthen Ghana’s environmental defenses and agricultural diversity. The first agreement involves a $150 million loan from the International Development Association for the second phase of the West Africa Coastal Areas Resilience Investment Project. This funding is specifically designed […]