ATAF, ACBF Forge Strategic Partnership to Elevate Africa’s Tax Systems
In a significant development for Africa’s economic future, the African Capacity Building Foundation (ACBF), the leading institution for capacity development in Africa, and the African Tax Administration Forum (ATAF), the continent’s premier authority in tax matters, have signed a Memorandum of Understanding (MoU). This MoU marks a critical step towards strengthening Africa’s tax systems by […]
AUC & GABI Collaborate to Advance Trade Investment in Africa
AUC & GABI Partner to Boost Intra-African Trade Key Initiatives to Advance Trade Investment Across Africa Advance trade investment in Africa as AUC and GABI unite to boost regional integration, innovation, and economic growth across the continent. The African Union Commission (AUC) and the Global Africa Business Initiative (GABI), an initiative of the United […]
Ghana breaks ground on first $12-billion phase of downstream petroleum hub
Ghana’s state-owned Petroleum Hub Development Corp. and a consortium of private-sector partners have broken ground on the first phase of the subregion’s first integrated downstream petroleum hub. Ghana’s state-owned Petroleum Hub Development Corp. (PHDC) and a consortium of private-sector partners have formally broken ground on the previously announced first phase of the West African subregion’s […]
EU Accelerates Investment in West Africa for Stronger Economic Ties
EU Accelerates Investment in West Africa for Stronger Economic Ties The European Union is significantly ramping up its trade and investment in West Africa, signaling a transformative phase in the region’s economic landscape. As global markets evolve and strategic partnerships take center stage, the EU’s renewed focus on fostering deeper commercial ties with West African […]
7 Reasons to Choose the Best EOR Services for Your Business
7 Reasons to Choose the Best EOR Services for Your Business Selecting the best EOR services for your business is a crucial decision when planning international expansion. A reliable Employer of Record (EOR) partner can simplify global hiring, ensure compliance with local labor laws, and help you manage your workforce efficiently. Whether you’re entering new […]
AfDB President Adesina looks back after eight years at the top
Akinwumi Adesina wants one of the legacies of his tenure at the African Development Bank to be Africa’s own credit rating agency, run from the continent. He tells Chris Bishop why. He’s had his critics over the last eight years, but you could never really fault Akinwumi Adesina for a lack of passion and resilience. […]
5 Challenges of Entering a New Market and How to Overcome Them
Expanding your business into a new market is an exciting opportunity for growth and increased revenue. However, it comes with a unique set of challenges that can be daunting for even the most experienced companies. Successfully navigating these challenges requires strategic planning, local expertise, and effective resource management. Here, we explore five common challenges businesses […]
Ghana Stock Exchange reaches record GH¢80billion market capitalization
In April 2024, the market capitalization of the Ghana Stock Exchange (GSE) surged to an unprecedented GH¢80.20 billion, marking a significant milestone. This remarkable increase was driven by substantial gains in the share prices of various companies, underscoring the positive market sentiment and bolstered investor confidence. As outlined in the GSE’s April 2024 Summary of […]
Stay Compliant, Avoid Penalties: GroConsult Tax, Payroll & Statutory Filing Services
Running a successful business in Africa requires focus on your core operations. But navigating the complexities of tax and payroll regulations can be a significant time drain and a potential minefield of legal repercussions. GroConsult: Your Partner in Compliance At GroConsult, we understand the challenges businesses face when it comes to tax, payroll, and statutory […]
SML owes GRA GH¢31.88m in taxes – KPMG Report
The full KPMG report released by President Akufo-Addo on Wednesday, May 22, has revealed that Strategic Mobilisation Ghana Limited (SML) is indebted to the Ghana Revenue Authority (GRA) to the tune of GH¢ 31.88 million for unpaid taxes spanning eight months of service provision. This outstanding amount also includes accrued interest, estimated at GH¢ 18.50 […]