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The top income tax and corporate tax rates are 25%. Other taxes included with value-added tax (VAT), are the national health insurance levy, and a capital gains tax. The overall tax burden was 12.1% of Ghana's total domestic income in 2013. Ghana's national budget was the equivalent of 39.8% of GDP in 2013. [32]
The Business and Financial Times (B&FT) is a Ghanaian privately owned newspaper which focuses on reporting business news from Ghana and across the African continent. [1] [2] [3] The newspaper is popularly known as the B&FT, it has a nationwide coverage and a readership of about 309, 000 as reported by Geopoll's ranking of nationwide top newspapers.
In October 1993, Afreximbank was officially launched during its inaugural General Meeting of Shareholders in Abuja, where Mr. Christopher Edordu was appointed its first President. Operations commenced in 1994, marked by the Bank's participation in a $150 million syndicated loan to Ghana’s Cocoa Board, contributing $6.5 million to the transaction.
Ghana National Petroleum Corporation: Oil & gas Exploration & production Accra: 1987 Oil and gas industry S A Ghana News Agency: Consumer services Broadcasting & entertainment Accra: 1957 News agency: P A Ghana Oil Company: Oil & gas Exploration & production Accra: 1960 Oil and gas industry, GSE: GOIL: P A Ghana Ports and Harbours Authority ...
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The economy of the Ashanti Region in southern Ghana is largely self-sufficient, being driven by its service sector as well as by natural resources. The region is also known for its production of manganese, bauxite and agricultural commodities such as cocoa and yam, with the region having low levels of taxation and without much need for foreign direct investment.
Industry in Ghana accounts for about 24.5% of total GDP. [1] However, Ghana's industrial production is rising at a 7.8% rate, giving it the 38th fastest growing industrial production in the world [ 2 ] due to government industrialization policies.
In 2022, the country produced approximately 60,000 barrels of oil per day and 200 million cubic feet of natural gas daily, primarily from offshore fields such as Jubilee and TEN. [59] [60] Ghana's petroleum industry generated a record revenue of US$1.43 billion in 2022, the highest since the inception of oil production in the country. [61] [62 ...