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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.
The rebase moved Ghana into middle income status and it placed the country as the third largest in the ranking of GDP per person in West Africa behind Cape Verde and Nigeria. After the changes in statistics, the service sector became the largest sector of Ghana's economy with a share of 51%.
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.
Business Guide: private weekly owned by the Daily Guide: Christian Messenger: private monthly owned by the Presbyterian Church of Ghana: Daily Democrat: private Daily Ghana: private Daily Graphic: state-owned; along with the Mirror, the most widely read newspaper in Ghana Daily Guide: private Daily Statesman: private The Dispatch: private The ...
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.
The Nation Builders Corps, also known as N.A.B.C.O, [1] is a Ghanaian initiative to provide jobs to unemployed post-secondary school graduates (graduates of universities, training colleges, etc.)