Author: sirrichie_2i8r8t
Côte d’Ivoire citizens pay the highest income taxes in the world according to this year’s survey findings by World Population Review. While both its sales and corporate tax regimes may be considerably lower than those of other countries globally, at 60%, Côte d’Ivoire’s income tax rates are markedly higher compared to developed countries. Only Finland (56.95%), Japan (55.97%), Denmark (55.90%), and Austria (55%), closely follow Côte d’Ivoire to round up the top five countries with the highest income tax, in a study that surveyed over 150 countries. No other African country makes it to the top ten list of highest-taxed countries in 2023—based on…
Côte d’Ivoire produced a record high of about 48 tonnes of gold in 2022, up 14% from the previous year, a document from the Ministry of Mines, Petrol and Energy showed. Côte d’Ivoire, the world’s top cocoa producer, is seeking to develop its long-neglected mining sector to diversify its revenue. Gold output has been climbing steadily for several years and is expected to reach 50 t this year with the start of production from two mines belonging to Roxgold, owned by Fortuna and Tietto Minerals, according to the document seen by Reuters on Wednesday. Production is expected to reach 55 t in 2024, when a new mine from Endeavour…
The oil market is set to swing from a comfortable supply overhang in the first half of 2023 to a deficit in the latter part of the year as the economic rebound in China will push global oil demand to a record high, the International Energy Agency (IEA) said on Wednesday. World oil demand growth is set for a sharp acceleration over the course of this year, from an estimated increase of 710,000 barrels per day (bpd) in the first quarter to a growth of 2.6 million bpd in the fourth quarter of 2023, the IEA said in its Oil Market…
The Electricity Company of Ghana (ECG) Tema Region, has attributed the recent power outages being experienced in the Ada, Ningo, and Prampram areas to faulty 33kv underground cables at Dawhenya. The faulty underground cables have affected the Dawhenya and Tsopoli substations which in effect affects the power supply to all customers in Prampram, Ningo, and Ada, plunging them into consistent darkness which affects both commercial and domestic activities in the enclave. According to the power distribution company, both short and long-term solutions are underway to replace portions of the cables that are more prone to faults and also lay new…
The West African Examination Council (WAEC) is sending a stern warning to senior high schools that are charging unapproved registration fees for the yet-to-be conducted 2023 West African Senior School Certificate Examination (WASSCE). The Council says it has taken notice of some schools that are promising better grades at exorbitant fees. Addressing the press, the Head of Public Affairs at WAEC, Agnes Teye Cudjoe says the Council has noted with concern some schools charging more than the GH¢381 approved registration fees. “We wish to inform our public that the approved registration fee for entry in seven or eight subjects is…
Dr Yaw Osei Adutwum, the Minister of Education, says his goal was to sow seeds of irreversible transformation for the sector, to leave successive governments no option but to sustain. He said his quest to change the face of education in Ghana was yielding results, and he was committed to raising the standards to a level that his successors would find it difficult to lower. “I want to raise the standard of education in Ghana to a level where whoever wants to change the status quo after I have left will have parents to contend with,” he told the media…
The luxury Cairo villa of Egypt and Liverpool star, Mohamed Salah, was burglarised over the weekend, according to police. Two officials told the Associated Press on Monday that the burglars stole only cable TV receivers from the winger’s villa in the upmarket Tagamoa area, some 30 miles (50 kilometers) east of Cairo city centre. A cooking gas cylinder in the Liverpool player’s garden proved too heavy for the burglars to steal, the officials said. Both officials spoke on condition of anonymity as they were not authorised to speak with the media. Authorities were first called to the house after a…
Deposed Minority Chief Whip and Member of Parliament for Asawase in the Ashanti Region, Mohammed Mubarak Muntaka has sued 11 NDC branch executive in his constituency. The MP is demanding GHC10 million for aggravated and exemplary damages and a retraction and unqualified apology by the defendants to be published in all media houses that the defendants caused to publish and circulated or distributed the defamatory materials with the same prominence as the publication made of and concerning the plaintiff. This follows a press statement from the defendants alleging that the MP owns 15 stores at the newly built Asawase Market…
The Campaign Team of Alan Kyerematen, the immediate past Minister for Trade and Industry is not happy with the way majority of the New Patriotic Party Members of Parliament are lining up supporting the presidential bid of the Vice President, Dr Mahamudu Bawumia. The Campaign spokesperson for Alan Kyerematen, Yaw Buaben Asamoah who expressed concern over the incident noted that the Majority Chief Whip, Frank Annoh-Dompreh has moblised over 100 MPs who will join the Vice President on a planned visit to the Manhyia Palace coming Sunday. Speaking on Accra based Okay Fm, he claimed the MPs are being forced…
Vice President Dr Mahamudu Bawumia says government is targeting to import not less tgan hundred percent oil under the Gold-for-Oil policy. He mentioned that government is currently doing about 50 to 60 percent import under the policy. Addressing a forum organized by the Bulk Oil Storage and Transformation (BOST) company in Accra, on Wednesday, March 15, Dr Bawumia said “The most important aspect of the gold-for-oil policy is not just the reduction in fuel prices, but the most important aspect is the savings in foreign exchange that the Bank of Ghana will make as a result of the lower demand…
