Search Results for: Ghana
10 results out of 168 results found for 'Ghana'.
EAST AFRICAN MONEY LAUNDERING BLAMED ON LACK OF LAW ENFORCEMENT
EAST African countries maybe updating their anti-money laundering and combating the financing of terrorism (AML/CFT) legislation and strengthening related institutions, but experts warn that a lack of enforcement will aid the proliferation of ML and TF in the region.
In Kenya, a Proceeds of Crime and Anti-Money Laundering (Amendment) Bill was approved by the country’s parliament last March (2017).…
LOTTE GROUP INVESTS US 1 BILLION IN EXPANSION OF CONFECTIONERY BUSINESS IN RUSSION
SOUTH Korean conglomerate Lotte Group has announced a major expansion of production at its plant in Kaluga, western Russia, which will involve building a new manufacturing line and double the capacity of an existing line.
A statement sent to just-food said that the construction and installation work should be completed by this November.…
INTERNATIONAL REGULATORY ROUND UP – TRUMP METAL DUTIES SPARK RETALIATORY CONFECTIONARY TARIFFS
THE AMERICAN confectionery sector is facing tough tariffs in its key export market of Canada after the US government decided to impose punitive duties on Canadian exports of steel and aluminium.
Ottawa announced its own retaliatory duties, which it intends to impose from July 1, having consulted on a shortlist of products, including potential 10% duties on US-made maple sugar and syrup, liquorice, toffee, chocolate, sugar confectionery, strawberry jam, nut purées and pastes.…
AFRICAN COMMONWEALTH ANTI-CORRUPTION CENTRE TARGETS GROWTH THROUGH FIGHTING GRAFT
CORRUPTION saps economic competition that drives productivity improvements and grows emerging market economies – this is a key reason behind the establishment of the Commonwealth Africa Anti-Corruption Centre (CAACC). Another is the established link between the perception of risk from corrupt practices in a country and foreign economic investment.…
TECHNICAL REGULATORY ROUND UP - OECD RELEASES TAX EXCHANGE DATA
OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR
THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…
INTERNATIONAL REGULATORY ROUND UP – CHINA SUGAR DUTIES CHALLENGED AT WTO
CHINA’S imposition of temporary safeguard duties to protect its sugar industry have been challenged at the World Trade Organisation (WTO), with sugar giant Brazil arguing Beijing’s tariffs break global commerce rules. In a signal that Brazil might be considering launching a disputes case against China, diplomats for the South American country told a WTO safeguards committee meeting that the duties broke the WTO agreement on safeguards and the general agreement on tariffs and trade (GATT). …
LOW LEVELS OF AFRICA TAX TAKE DEMONSTRATED BY OECD
DATA has been released by the Organisation for Economic Cooperation & Development (OECD) that shows how African governments collect less tax as a proportion of their countries’ wealth than in Latin America and the Caribbean. Africa’s average 2015 tax-to-GDP ratio was 19.1%; compared to 22.8% in Latin America/Caribbean and 34.3% for the 35 richer countries within the OECD.…
INTERNATIONAL REGULATORY ROUND UP - LIFTING EU'S SUGAR QUOTA SHOULD INCREASE PRODUCTION BY 20%
RESTRICTIVE quotas limiting European Union (EU) sugar production to 13.5 million tonnes have finally been scrapped, freeing producers to hit market demand. The abolition of the quotas from October 1 sees European Commission officials predicting that EU sugar production will increase 20% and reach 20.1 million tonnes for the next harvest.…
SOUTH AFRICAN CONSUMERS OPEN MINDED AS THEY GROW COSMETIC PROCEDURES MARKET
SOUTH Africans are boosting their spending on cosmetic surgical and non-surgical procedures, with their national market expected to generate South African Rand ZAR94.15 million (USD7.1 million) in annual receipts by 2024. This reflects a 5.8% annual growth rate from the ZAR61 million (USD4.6 million) spent in 2016, according to US-based market research and consulting company Grand View Research, in figures released in July (2017).…
TANZANIAN METAL SECTOR CRITICISES DRASTIC MINING LAW REFORMS
ANXIETY has greeted the passage and signing of three sets of laws to regulate the mining sector in Tanzania, even though it could reverse a ban on copper and gold exports imposed in March.
The Natural Wealth and Resources Contracts (Review and re-negotiation of unconscionable terms) Act 2017, The Written Laws (Miscellaneous Amendments) Act, No 7 of 2017 and The Natural Wealth and Resources (Permanent Sovereignty) Act 2017 were approved by parliamentarians on July 3
Tanzanian President John Magufuli signed the new bills into law on July 5, despite opposition from key industry players.…