July inflation rises to 43.1%

COCOBOD, the cocoa sector regulator, has released GH¢2.6billion to Licenced Buying Companies (LBCs) to expedite farmers’ payments, thereby clearing a significant portion of arrears owed.

The country’s inflation rate could potentially drop below the current 5.3 percent recorded in June this year, Databank analysts have suggested.

Forty-five years after its creation, the ECOWAS Trade Liberalisation Scheme has registered 50,000 products for duty-free access, yet intra-regional trade barely clears 12 per cent. A hard look at the levies, legal obligations and political will standing between aspiration and market reality.

The Ghana Revenue Authority (GRA) has concluded investigations into the interception of 18 trucks that were falsely declared as transit cargo destined for Niger, describing the operation as a deliberate smuggling scheme intended to evade taxes and divert goods onto the Ghanaian market.