CBL News Updates

GSE coerces govít over capital gains tax » January 25th, 2016

The Ghana Stock Exchange (GSE) has assured that it will continue pushing for government to restore the exemptions on capital gains tax and the 3 percent rebate on income taxes for listed companies during the first three years of their listing on the bourse. Managing Director of the GSE Kofi Yamoah told the B&FT -- on the s...Read More

Currency dealers project cedi stability in March » January 25th, 2016

Forecasts by the Association of Financial Market operators have pointed March this year for the cedi to begin stabilizing against the US dollar. The Association is made up of currency dealers at the commercial banks. The cedi is said to have depreciated by some 4 percent against the dollar from the beginning of th...Read More

PAC condemns attitude of commercial banks » January 25th, 2016

he Public Accounts Committee (PAC) of Parliament has condemned the deliberate attitude of commercial banks to do business with money received in the name of the state before releasing the money into the state coffers. It said the delays, which ran up to one year, denied the government the needed revenue to embark upon infrast...Read More

Prudential Financial and LeapFrog partnership eyes insurance in Ghana » January 25th, 2016

Prudential Financial, Inc (PFI) and LeapFrog Investments have announced the launch of a $350 million investment partnership to access high-growth markets in Africa. Read More

Chamber of Petroleum Consumers to seek injunction against energy levies » January 19th, 2016

Chamber of Petroleum Consumers (COPEC) says it will seek court injunction against the Energy Sector Levy passed by parliament in December 2015. According to the group, they gave government seven days ultimatum to scrap the law that has caused astronomical inc...Read More

E-zwich transactions near GH₵1 billion - GhIPSS » January 19th, 2016

The total value of transactions recorded on the e-zwich platform last year reached ₵922.3million, a more than 238 percent increment on the 2014 transaction value of ₵272.7 million, the Ghana Interbank Payment and Settlement Systems (GhIPSS) has said....Read More

BoG confident about halting cedi fall » January 19th, 2016

The Bank of Ghana says it has put in place adequate measures to hold the Ghana cedi from further depreciations in the coming weeks. The assurance by the central bank follows significant fall in the cedi’s value over the past two weeks. According ...Read More
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