Search Results for: Ghana

BETTER cooperation between accountants, financial institutions and financial technology firms could underpin the sustainability of impressive recent growth in mobile banking across west Africa.

With an overwhelming majority of the region’s population – which exceeds 350 million people – lacking access to formal banking services, mobile telephony, which is far more widespread, offers a portal to financial inclusion.…

MALAYSIA has extended its grace period for taxpayers who have under-paid in the past, allowing for low penalties should undeclared income be filed on returns this year. This even covers taxpayers who have yet to register with the Inland Revenue Board of Malaysia, and those who have registered but have not submitted ITRF/PRF/RPGTRF returns.…

THE EUROPEAN Commission has included four American external territories – Puerto Rico, the US Virgin Islands, Guam and American Samoa – on a proposed blacklist of weak AML/CFT jurisdictions released today (Feb 13).

Brussels’ updated list includes 12 countries that are viewed with concern by the Financial Action Task Force (FATF) – the Bahamas, Botswana, North Korea, Ethiopia, Ghana, Iran, Pakistan, Sri Lanka, Syria, Trinidad & Tobago, Tunisia and Yemen. …

IN a world increasingly hungry for natural gas, recent foreign investment in liquefied natural gas (LNG) projects has raised the likelihood that the substantial gas reserves of some sub-Saharan African nations will make it into global markets in the decade ahead.…

NORTH Africa offers personal care product majors populous markets, close to European manufacturing centres, with large and growing middle classes (outside troubled Libya) – but trading in these countries is not without complication. Regulatory shifts, counterfeiting and some security concerns make these useful markets a challenge for brands to tap.…

DIGITAL production technologies could help African manufacturers pick up business lost by Chinese rivals because of the trade war in the USA, with brands looking to take advantage of the free trade agreements that many African countries have with the USA and Europe.…

THE MIDDLE East regional director of the International Civil Aviation Authority (ICAO) has called for a rethink of how the roll-out of the 2017 ICAO Global Aviation Security Plan (GASeP), as member states struggle to meet initial 2020 deadlines for security improvements.…

THE PERCEPTION of beauty and hence the design and supply of personal care products is slowly changing in sub-Saharan Africa as its increasingly wealthy middle class consumers take a more personalised approach to how they look. The region has a widely diversified consumer-base, whose varied tastes are pushing brands to rethink personalising cosmetics and personal care products like never before. …

As he took in the fourth Africa Sourcing and Fashion Week (ASFW) in the Ethiopian capital of Addis Ababa last week, Kenneth K Han, managing director of Shints ETP Garment Plc, said he is optimistic over the country’s potential in the textile and apparel sector, despite many challenges.…

THE INTERNATIONAL Public Sector Accounting Standards Board (IPSASB) has released a new standard on reporting financial instruments – IPSAS 41 – to improve the relevance of financial assets and liabilities data. It replaces financial instruments reporting rules in IPSAS 29, introducing a single classification and measurement model for financial assets, considering an asset’s objective and cash flows.…