Govt has no business building houses – Ghana Institution of Engineering President
The President of the Ghana Institution of Engineering (GhIE), Ing. Kwabena Bempong, has pointed out that the government has no business building houses.According to...
Taxes have become more of a punishment to businesses – Badu-Abogye
The Chief Executive of the Ghana Chamber of Commerce and Industry, Mark Badu-Aboagye, has expressed serious concerns about the escalating burden of both direct...
Bawumia urges accountants to embrace innovation and adapt to strategic business partnerships
The Vice President, Dr. Mahamudu Bawumia, has tasked accountants to go beyond traditional roles by embracing innovation and adaptation to become strategic business partners....
Invest in E-vehicles rather than taxing us – Online drivers
President of the Ghana Online Drivers Union, Francis Kweku Tengey, has advised the government to invest in electronic vehicles (e-vehicles).This way, there would be...
Our strong policies helped push inflation down drastically – BoG
The Bank of Ghana has said its strong policies coupled with a relative exchange rate stability, and effective liquidity sterilization efforts pushed inflation down...
Angry farmers take protest to EU summit with tractors and fires
Farmers descended on Brussels to press a summit of European Union leaders to do more to help them with taxes, rising costs and cheap...
Only 15.0% of farms in Ghana are commercialised – Report
Only 15.0% of farms in Ghana are commercialized, C-Energy Global Holdings has stated.It report on “Creating Agriculture Financing Schemes for Sustainable Agriculture and Food...
Petrol, Diesel and LPG prices to go up marginally from February 1, 2024
Fuel prices are expected to go up marginally, beginning tomorrow February 1, 2024, the Institute for Energy Securities has stated.This is due to a...
Inflation to average 18% in 2024 – Fitch Solution
Inflation will ease throughout 2024 averaging 18% in 2024, Fitch Solutions has predicted.It insists the easing inflation will force the Bank of Ghana to...
Commodity prices to broadly stabilise in 2024, but cocoa, coffee prices to increase – EIU
After three years of extreme volatility, commodities prices are set to broadly stabilise in 2024.According to the Economist Intelligence Unit Commodities Outlook 2024, this...
Global growth projected at 3.1%, 3.2% in 2024, 2025 – IMF
Global growth is projected at 3.1% in 2024 and 3.2% in 2025, the January 2024 World Economic Outlook Update by the International Monetary Fund...
Mobile Money agents to be blocked for failing to link accounts to Ghana Cards or TIN
In a bid to enhance financial transparency and compliance with tax regulations, leading Electronic Money Issuers (EMIs) in Ghana have announced the impending blocking...
GRA chases receiver of defunct banks to pay evaded taxes of GHȼ91 million
The Ghana Revenue Authority (GRA) is on the heels of the receiver of the defunct banks for some GHȼ91 million evaded taxes.The central bank...
Cedi has responded positively to IMF programme – Governor
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has said that the country’s monetary policies have responded positively to the International...
GUTA fears supply chain disruption as Mali, Burkina Faso and Niger leave ECOWAS
The Ghana Union of Traders Association (GUTA) is expressing concerns that their supply chain within West Africa may be disrupted soon.This is due to...
Mobile money agent accounts unregistered with Ghana Card to be blocked – Telecoms Chamber
All mobile money agent accounts without Ghana Cards or Tax Identification Number will be blocked on February 1, 2024, the Ghana Chamber of Telecommunications...
Cedi depreciation slows down; one dollar going for GH¢12.38
The Ghana cedi gained across the major trading currencies last week on the back of improved foreign exchange supply amid easing demand pressures.It appreciated...
3 Companies owe GH¢247.7 million in unpaid VAT
Three companies owe the state GH¢247.7 million in unpaid value added tax (VAT) since 2021, the Commissioner in-charge of Domestic Tax and Revenue Division...
Total MoMo transactions hit record GH¢1.912trn in 2023
The total value of Mobile Money transactions reached a record level in 2023.According to the January 20243 Summary of Economic and Financial Data...
I worked for 2 years without contract after retirement – GRA Boss
The Commissioner of the Ghana Revenue Authority (GRA), Rev. Dr. Ammishaddai Owusu-Amoah has admitted that he has been working without contract.The GRA Boss came...
BoG approves recapitalisation plans of undercapitalised banks – IMF
The Bank of Ghana has approved the recapitalisation plans submitted by undercapitalised banks, the Staff Report by the International Monetary Fund dubbed “2023 Article...
T-bills auction: Government records 121.4% oversubscription; Interest rates fall again
The government recorded 121.4% oversubscription of Treasury bills to the tune of GH¢5.606 billion.This follows the inflow of the second tranche of the International...
GRA exceeds 2023 target by mobilising GH¢113bn
Ghana Revenue Authority (GRA) collected GH¢113.06 billion for the 2023 fiscal year as against a revised target of GH¢109.19 billion.This performance represents a nominal...
Some PBC assets confiscated over GH¢300m debt
A consortium of banks has confiscated some assets of Produce Buying Company (PBC).This was after it secured a court order to sell some of...
Energy sector arrears stood at $1.6bn in 2022
Ghana’s energy sector arrears stood at some $ 1.6 billion, about 2.3 percent of Gross Domestic Product at the end of 2022.According to the...
Ghana remains in debt distress despite ongoing restructuring programme – IMF
Ghana remains in debt distress with its current position assessed as unsustainable, the International Monetary Fund has revealed in its Staff Report on Ghana...
GEA disburses over GH₵700m to boost small and medium-scale businesses
The Chief Executive of the Ghana Enterprises Agency, Kosi Yankey-Ayeh, has revealed that her organisation has successfully disbursed over GH₵700 million to support micro,...
PPPs key to economic transformation in Africa – KGL boss
The Executive Chairman of the KGL Group of Companies, Alex Apau Dadey has stressed the pivotal role that Public-Private Partnerships (PPPs) play in Africa's...
Akufo-Addo to commission 97 kilometre railway line in March
President Nana Akufo-Addo will be commissioning the 97 kilometre railway line from Tema to Mpakadan by March 2024 when the newly acquired trains arrive...
GRA to leverage customer-centric initiatives to exceed revenue target
The Ghana Revenue Authority plans to leverage customer-centric initiatives to woo more businesses and people into the tax bracket in 2024. According to the Commissioner...
IMF expects revenue to underperform target; expenditure to overshoot target
The International Monetary Fund expects revenue to underperform the Ghana Government target by 0.1% of Gross Domestic Product in 2024, while expenditure overshoots the...
Duffuor cautions government against excessive taxation
Former Finance Minister, Dr. Kwabena Duffuor, is cautioning the government against what he described as excessive taxation.
He says instead of increasing taxes, the government should rather build a robust and efficient tax capacity that has the capacity to generate enough domestic revenue to cushion the Ghanaian economy.
He believes building a strong tax regime should be the focus of the current New Patriotic Party, rather than introducing taxes that could affect the growth of businesses and overburden Ghanaians.
Cocoa shortage forces shutdown of Ghana cocoa processors
Some cocoa processors in Ghana are said to have halted operations due to an acute shortage of cocoa beans, Cocoa Post has disclosed.According to...
VAT on electricity: Complete scrapping not the best – Energy expert replies TUC
Energy expert, Kojo Opoku has reacted to government's decision to impose a 15 percent Value Added Tax (VAT) on electricity consumption.Speaking on Adom FM's...
Inflation to fall to 22.4% in January 2024 – Report
Inflation is expected to decline to 22.4% in January 2024 from 23.4% in December 2023, IC Research has predicted in its latest report.According to...
Fitch predicts favourable outlook for Ghana’s banking sector
Rating agency, Fitch, is predicting a favorable outlook for banks operating in Ghana in 2024.This follows the successful conclusion of the domestic debt exchange...
Nana Appiah Mensah pulled gun on us when we demanded our interest – Witness tells court
The fifth prosecution witness in the trial of Nana Appiah Mensah, aka NAM1, has testified that after investing GH¢760,000 in Menzgold, the accused assaulted...
Cedi loses 2.2% in value to dollar since January 2024; one dollar going for GH¢12.43
The Ghana cedi has lost 2.2% in value to the dollar since January 2024.This is despite the existence of the International Monetary Fund (IMF)...
Bond market: Turnover increased sharply by 48.47% week-on-week to GH¢1.24bn
Trading activity improved on the secondary bond market last week as week-on-week turnover increased sharply by 48.47% to GH¢1.24 billion.Trading activity concentrated more at...
GRA begs Akufo-Addo over SML deal
The Ghana Revenue Authority (GRA) has appealed to President Nana Akufo-Addo to allow Strategic Management Ghana Limited (SML) continue its operations, pending KPMG's report....