GroConsult Crowned as Consulting Firm of the Year at the 10th Edition of the Business Executive Excellence Awards 2024
We are thrilled to announce that GroConsult Management Consortium has been named the Consulting Firm of the Year at the prestigious 10th Business Executive Excellence Awards 2024. This remarkable achievement is a testament to our unwavering commitment to delivering exceptional services and driving the success of our clients across Africa. The Business Executive Excellence Awards, […]
Property taxes and Ghana’s development
At a time when the domestic revenue from the traditional tax sources is fast dwindling, governments in the last two decades have made some attempts to focus on what many have described as ‘low hanging fruit’, property taxes, to shore up domestic revenue. At a time when the domestic revenue from the traditional tax sources […]
Why gold equities are continuing to underperform the gold price
JOHANNESBURG (miningweekly.com) – Why is it that gold equities are continuing to underperform the gold price? That is a question Mining Weekly put to Barrick president and CEO Dr Mark Bristow after he noted the lag of gold equities during the presentation of the third-quarter results of his New York- and Toronto-listed gold and copper mining company. The gold equity underperformance comes amid demand for physical gold putting upward pressure on the gold price as de-dollarisation within […]
Ghana’s Oil Boom: How Groconsult Supports Oil & Gas Companies with Payroll, HR, and Compliance Services
In recent years, Ghana’s petroleum industry has experienced a substantial boost, with new oil wells driving revenue to unprecedented levels. This surge in oil production presents a golden opportunity for companies in the sector to expand operations, increase output, and contribute to the national economy. However, with growth comes the demand for strategic support in […]
New oil wells boost Ghana’s petroleum revenue to record level
The commencement of new oil wells under the Jubilee South East project has significantly boosted Ghana’s crude oil production. This has led to a 10.7 per cent increase in output and a record high for the country’s petroleum receipts. According to the 2024 semi-annual report by the Public Interest and Accountability Committee (PIAC), the total […]
Ghana’s Minerals Income Investment Fund invests US$2million in Castle Minerals
Castle Minerals Limited, an Australian-based mining company with substantial project areas across Ghana, has received a significant boost from Ghana’s Minerals Income Investment Fund (MIIF). In an announcement today, Castle Minerals said the MIIF has committed a US$2 million investment to support Castle’s gold exploration initiatives and the Kambale Graphite Project in northern Ghana. This […]
Kenya National Treasury Tax: SHIF deductions from gross salaries to boost take-home
The National Treasury has proposed that the Housing Levy and Social Health Insurance Fund (SHIF) deductions be made from workers’ gross salaries before taxation, aiming to increase take-home pay for thousands of employees. The change, included in amendments to tax laws, would replace the current system, which gives a tax relief of 15 per cent […]
World Bank commits $9bn to agribusiness, calls for inclusive ecosystem
The World Bank has committed $9 billion in agribusiness investments, calling for the creation of a comprehensive global ecosystem as food demand is set to increase by up to 60 per cent. The call follows the Bank’s observation of four emerging shifts that could reshape the agribusiness landscape such as improving productivity, climate resilience, and […]
Thousands of international students miss fall semester amid visa delays
Thousands of international students expected to study at three Ontario colleges are missing the fall semester, after Ottawa announced it would further tighten Canada’s study permit system. Some school officials are attributing the dramatic enrollment decline to a chilling effect created by the federal government’s policy, and to visa delays that have resulted from a stricter approach. […]
How to Overcome your Tax Compliance Issues
GroConsult helps businesses in Ghana and Africa overcome several key challenges with its tax compliance services: Navigating complex tax regulations: GroConsult’s experts stay up-to-date with the ever-changing tax laws and regulations in Ghana, simplifying the complexities for businesses. They break down intricate tax rules into easily understandable terms, enabling effective compliance. Ensuring accurate and timely […]
UK Businesses Warn Starmer Against Raising Employer Payroll Tax
(Bloomberg) — UK business groups warned the country’s new Labour government against raising a key tax on employers after Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel Reeves both signaled a hike is being considered at the budget later this month. Executives on Tuesday warned that raising the payroll tax — known as […]