Finance Ministry reacts to Electronic Cargo Transit number claims
The Ministry of Finance has disputed claims about a new tax policy where shippers will be required to obtain an Electronic Cargo Transit number.A...
Abossey Okai spare parts dealers call off planned strikeÂ
The Abossey Okai Spare Parts Dealers Association has called off plans to embark on a sit-down strike against the Ghana Revenue Authority (GRA) over...
Nigerians spend $975m daily on online betting – NLTF
Data from the National Lottery Trust Fund (NLTF) has revealed that over 65 million Nigerians actively engage in betting, spending an average of $15...
Fitch upgrades Ghana’s rating to ‘CCC’ from Restrictive Default
Ratings agency, Fitch, has upgraded Ghana's Long-Term Local Currency Issuer Default Rating (IDR) to 'CCC' from 'RD'.The UK-based firm has also affirmed Ghana's Long-Term...
Another round of domestic debt restructuring unlikely – Fitch
Rating agency, Fitch, says another round of local-currency debt exchange is unlikely in the near term.In its latest assessment of Ghana where it...
World Bank raises alarm: Oil prices could hit $150 per barrel
The World Bank in their October 2023 Commodity Market Outlook has outlined the potential consequences of an escalating Middle East ( Israel-Hamas) conflict on...
Inflation in 2022 was highest in over 2 decades – ISSER
The Institute of Statistical, Social and Economic Research (ISSER) has pointed out that the persistent rise in inflation in Ghana in 2022 was the...
Cedi faced cumulative depreciation of 51% against the US dollar in 2022
The cedi weathered a tumultuous year in 2022, witnessing a sharp decline in value against major international currencies.According to the Institute of Statistical, Social...
National Lottery Authority opens 2024 Lotto Operator Registration
The National Lottery Authority (NLA) is pleased to announce the commencement of registration for Lotto operators for the year 2024.This registration process is...
Cedi to remain stable against dollar this week
The Ghana cedi is expected to remain relatively stable against the US dollar this week, following an ease in corporate demand.This follows a slight...
Fuel prices likely to remain same from Nov. 1
Fuel prices are likely to remain relatively unchanged on the domestic fuel market from November 1, 2023, the Institute for Energy Security (IES) has...
Impactful energy career seminar held by Cubica Energy to support career development in energy industry
The 3rd edition of the Energy Career Seminars by Energy Quest Foundation of Cubica Energy was held on Saturday, 27th of October 2023, at...
GRA impounds 11,200 imitated wax prints
The Eastern Corridor Monitoring Team of the Ghana Revenue Authority (GRA) has impounded 11, 200 full pieces of imitated wax prints concealed in an...
Ga Many3 funeral: All you need to know about the suspension of commercial activities
In a solemn gesture of respect and farewell to the late Ga Many3, Naa Dedei Omaedru III, Queen Mother of the Ga State, the...
Debt defaults taking long to resolve – Fitch
Rating agency, Fitch, says debt defaults in frontier markets including Ghana have taken longer to resolve than in the past.The UK-based firm said the...
Remove COVID-19 and Special Import Levies from 2024 Budget – GUTA
The Ghana Union of Traders Association (GUTA), has called for the removal of the COVID-19 Levy and the Special Import Levy in the 2024...
1D1F: K.T Hammond lauds B5 Plus as it creates  10K jobs in 3 years
A one-district, one-factory (1D1F) entity, B5 Plus Ltd., has increased employment opportunities for over 10,000 youth with different educational backgrounds since the commissioning of...
Makola Fire: Victims takeover Mall’s car park
Some victims of the Makola Shopping Mall fire outbreak have taken over the mall’s car park as the new place for doing business. The...
Make taxes affordable, simple to enhance compliance – GUTA
President of the Ghana Union of Traders Association (GUTA), Joseph Obeng, has urged government to make taxes affordable and simple to enhance compliance.According to...
Sol Cement reacts to company closure by GRA
Wan Heng Ghana Limited, producers of Sol Cement have assured that they are committed to fulfilling their tax obligations to the country.This follows the...
Pressure on cedi to ease this week
The pressure on the Ghana cedi is expected to ease this week, following the anticipated news of the inflow of the $800 million cocoa...
Ofori-Atta has nothing to offer cocoa farmers – President of Cocoa Farmers Assoc.
The President of the Concerned Cocoa Farmers Association, Nana Boateng Bonsu, has raised questions about the government’s decision to allow the Finance Minister, Ken...
Ghana Investment and Trade Week Summit opens in Accra
A three day Ghana Investment and Trade Week Summit under the auspices of the Ghana Investment Promotion Centre (GIPC) in partnership with MIE Group...
GRA closes Chinese company Sol Cement for ₵700m tax default
The Ghana Revenue Authority (GRA) has closed down a Chinese cement manufacturing company, Sol Cement, for not paying taxes.The company is estimated to...
International airlines apply to fly directly to Kumasi Airport
Some international airlines have applied to the Government of Ghana for permission to operate direct flights from various destinations to Kumasi International Airport.This...
FDA suspends operations of four sachet water companies in South Tongu District
The Food and Drugs Authority (FDA) has swiftly suspended the operations of four sachet water-producing companies in the South Tongu District of the Volta...
World Bank Consultant reveals cause of Ghana’s high unemployment rate
Emmanuel Awuni, a private sector consultant at the World Bank, says unfavourable business regulatory framework is hindering entrepreneurial potential and deepening Ghana’s unemployment situation.He...
Banks write off ¢2.416bn as bad loans as of August 2023
Banks wrote off ¢2.416 billion as bad debt in the first eight months of this year, 36.4% increase over the previous year, highlights of...
Farmers to receive 4.5 million day-old chicks
The Ministry of Food and Agriculture (MoFA) has started supplying 4.5 million day-old chicks to anchor farmers and their outgrowers.They will also receive vaccines...
Ghana Shippers Authority holds 8th media forum
The Ghana Shippers Authority (GSA) has held its 8th consultative media seminar.The event, in collaboration with the Ghana Journalists Association (GJA), took place...
Ghana gets $540m from petroleum revenue fund in 6 months
The latest report from the Public Interest Accountability Committee’s (PIAC) 2023 semi-annual report has shown that Ghana made a total $540 million in revenue...
Abossey Okai Spare Parts Dealers announces closure of shops
The Abossey Okai Spare Parts Dealers have resolved to close down shops on November 1, 2023, to protest actions by the Ghana Revenue Authority...
2024 Budget should be heavily devoted to job creation — GFL
The Ghana Federation of Labour (GFL) expects the 2024 Budget to be devoted to job creation in both the private and public sectors and...
Some OMCs reduce prices of petroleum products
Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps.The reduction comes after the Institute of Energy Security (IES)...
2024 budget won’t increase public spending — Finance Minister
Government has given an assurance that it will restrict itself to budgeted expenditure, despite 2024 being an election year.The Minister of Finance, Ken Ofori-Atta,...
DDEP has been successfully completed – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta, has indicated that the Domestic Debt Exchange Programme (DDEP) has been successfully completed, providing much-needed breathing space.This quells...
External debt restructuring: Eurobond holders to face nominal ‘haircut’ of between 30-40%
Finance Minister, Ken Ofori-Atta, has stated that Eurobond holders may face a nominal haircut of between 30% and 40% as part of the restructuring...
World Bank sets $300m in budget support to Ghana in December
The World Bank is expected to advance $300 million in budget support to Ghana in December 2023.JoyBusiness picked up from persons with knowledge of...
20 taxes and levies charged on imported food products in Ghana
Importing food products into Ghana comes with a hefty price tag, as importers face a multitude of taxes and levies that contribute to the...
NPA sanctions seven OMCs for illicit fuel distribution
The National Petroleum Authority (NPA) has sanctioned seven Petroleum Products Marketing Companies (PPMCs) for illicit distribution of petroleum products.They are to pay fines for...