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Capital requirement for foreign companies in Ghana is Gh¢74,500
Foreign companies that intend to register and do business in Ghana will be required by law to have a minimum capital of Gh¢74,500 or $52,000.
This requirement applies to wholly-owned foreign limited liability companies (LLC).
However, it…
Ghana IRS to collect $349,000 tax from Black Stars
The Internal Revenue Service (IRS) is claiming at least $349,000 from the earnings of the 23 players of the senior national team, the Black Stars, who participated in the just ended football World Cup in South Africa.
The amount…
Bank of Ghana to reduce policy rate this week
The Monetary Policy Committee (MPC) of the Bank of Ghana has started its regular review meeting today to take a look at the economy and decide on the policy rate, which is the rate for lending to borrowers.
According to an email message…
Ghana’s oil palm said to be potential foreign exchange earner
Ghana’s oil palm sub-sector can generate substantial foreign exchange earnings if greater attention just like cocoa, was accorded to the sector, Mr Samuel Avaala, Estate Manager, Benso Oil Palm Plantation (BOPP) has said.
He said besides…
African ministers adopt declaration for climate change, biodiversity
Over 40 African Environment ministers, have adopted a set of bold decisions and a 71-point declaration to help strengthen Africa’s negotiating position on climate change and biodiversity.
The Bamako Declaration, which is the continent’s…
World Bank gives Ghana $1.1b support
The World Bank has approved 1,113.8 million dollars to support Ghana's development efforts within the last 12 months because of Government's prudent economic management , Mr Ishac Diwan, the Bank's Country Director, has said.
Mr Diwan,…
Religious group demands review of Ghana’s petroleum agreement
Reverend George N. Kotey, Director-General of Ghana International Institute for Bible and Evangelistic Ministry (GIIBRAEM) on Wednesday, called on Parliament to review the numerous lapses in the Petroleum Agreement with International Oil…
Government gives Black Stars players $20,000 each
Government has announced an amount of US$20,000 each as reward to members of the Black Stars, the Coach and his Assistant for their sterling performance and for reaching the quarter-finals stage of the FIFA 2010 World Cup Tournament in…
Americans invest $2.5b in Ghana over 15 years
Americans have invested in 167 projects worth $2.5 billion in terms of Foreign Direct Investments in Ghana over the last 15 years, the US Ambassador in Ghana, Donald Teitelbaum has said during trade talks between Ghana and US officials last…
AGRA strategy aims to increase food production in Northern Ghana, add $500m to GDP
The Alliance for a Green Revolution in Africa (AGRA) has developed a strategy aimed at increasing food production in Ghana’s Northern region and adding $500 million to the agriculture component of the country's GDP.
The strategy AGRA says…