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 […]
Groconsult: No. 1 Payroll Expert In Africa
GroConsult sets itself apart from other payroll service providers in Ghana through several distinctive features and approaches that enhance the value it offers to clients. Firstly, GroConsult emphasizes a comprehensive service model that goes beyond standard payroll processing. Their offerings include payroll management, tax compliance, immigration support, and audit services, allowing clients to access a […]
Navigating Opportunities in Ghana’s Petroleum Industry: How GroConsult Can Support Your Business
As a multinational business solutions provider with over a decade of experience, GroConsult Management Consortium is dedicated to helping businesses thrive. We offer a variety of services and leverage our expertise to be a leading force in the industry. Ghana’s petroleum sector has emerged as a significant player in the African energy landscape, especially following […]
Petroleum products dominate imports in Q2 — Gold leads exports
Ghana’s import market continues to be dominated by refined petroleum products, with gas oil and motor spirit super accounting for a quarter of the total import bill in the second quarter of the year. Out of the country’s total import bill of GH¢58.8, gas oil accounted for GH¢7.3 billion, with motor spirit super accounting for […]