GRA closes down shops, arrests managers for tax non-compliance
The Ghana Revenue Authority (GRA) has arrested managers of some hardware and general merchandise shops in the Weija-Kasoa enclave in the Greater Accra and...
Vodafone cash subscribers to benefit from new partnership with Remitly
Vodafone Cash has announced a strategic partnership with Remitly Inc., a Seattle-based international money transfer company recognized on the Top 100 Cross-Border Payment Companies...
NPP applauds ECOWAS verdict; Agyapa Royalties deal legitimate
The New Patriotic Party (NPP) Communications Director, Mr Richard Ahiagbah, has emphatically asserted the innocence of the government following the ECOWAS Community Court of...
Mahama speaks on 10% tax on betting [Video]
Ex-President John Dramani Mahama has touched on the ruling New Patriotic Party (NPP) imposing a 10 per cent tax on betting (cash-outs) in Ghana....
Blossoming futures: The remarkable journey of the Ghana garden and flower show
In the bustling city of Accra, a seed was planted in the year 2013. A seed that would grow into a movement, a beacon...
Ghana’s 2022 imports exceeded exports by GH₵4.5bn
Ghana faced a notable trade imbalance in 2022, as indicated by the inaugural Trade Vulnerability Report from the Ghana Statistical Service.The report reveals that...
BoG’s role in Debt Exchange Programme defended amid GH¢60bn losses
The Director of Research at the Institute of Economic Affairs (IEA) has defended the Bank of Ghana (BoG) against undue blame for its participation...
Petrol to sell at GHS12.97, diesel GHS13.43 per litre within 48hrs – COPEC
The Chamber of Petroleum Consumers (COPEC) is predicting that fuel prices may go up by 5.7% within the second pricing window of August 2023...
Bank Commercial Paper as an alternative to T-Bills as latter faces possible re-structuring
It is imperative that government reduces yields (interest rates) on T-Bills, given the country’s current precarious economic situation, this is no time for the...
VRA records ¢110.8m profit in 2022 – Auditor General Report
The Volta River Authority (VRA) recorded a profit of ¢110.893 million in 2022, about 1.7% decline over the previous year, the 2022 Auditor General...
Govt to borrow ¢38.959bn via treasury bills
Government will borrow a whopping ¢38.959 billion via treasury bills for the third quarter of 2023.According to its issuance calendar released by the Ministry...
Majority Leader justifies 10% withholding tax on betting, lottery winnings
The Majority Leader in Parliament, Osei Kyei-Mensah-Bonsu, has justified the Ghana Revenue Authority’s 10% withholding tax on all gross gaming winnings scheduled to commence...
Tame inflation, GH¢60bn loss not excuse to shirk policy mandates – IMF tells BoG
The International Monetary Fund (IMF) has cautioned the Bank of Ghana, highlighting the importance of upholding its policy mandates despite the financial setback experienced...
E-Levy misses target by GH¢527.27 million – 2 Economists advocate replacement
The electronic transfer levy (E-Levy) accrued GH¢455.58 million for the first half of this year, missing its target by 53.64 per cent.This is against...
Why BoG is constructing new Head Office building as most important priority project
The Bank of Ghana has reacted to the Minority group in Parliament on the Bank’s 2022 published Annual Report and Financial StatementsBackground to large...
Tullow Oil’s P/E ratio of 41 signals investor confidence in higher income growth
With a trailing price-earning ratio (P/E ratio) of 41, Tullow Oil equity is highly valued by investors as a company that has the capability...
High T-bill yields to taper over next 18 months; inverted yield curve to persist in medium-term
High interest rates (yields) on the 91 day, 182 day and 364 day Treasury Bills are expected to taper (reduce) as they mimic the...
Why you should buy BOPP shares on the GSE
Ghanaian oil palm plantation and company, the Benso Oil Palm Plantation (BOPP), has performed tremendously well on the Ghana Stock Exchange (GSE) since the...
Good news for Ghanaian tailors, seamstresses
In the coming days, the Youth Employment Agency (YEA) will support over 500 tailors and seamstresses in the country with GHC10,000.According to the Chief...
GNCCI pledges to work with Multimedia Group Limited to drive economic development
The Ghana National Chamber of Commerce and Industry (GNCCI) has pledged its commitment to deepen collaboration with Multimedia Group Limited to help in articulating...
Lottery wins attract 10% tax – Takes effect August 15
Wins from lottery games, casinos and marketing promotional raffles will now attract a 10 per cent tax with effect from August 15, 2023.This means...
Ofori-Atta justifies “turned the corner” remark
The Finance Minister, Ken Ofori-Atta, has justified the comment he made during the presentation of the 2023 mid-year budget review to the effect that...
Govt extends deadline of domestic dollar bonds to August 18
Government has extended the deadline for the domestic dollar bonds to Friday, August 18, 2023.The bonds were originally scheduled to end on August 4,...
Economist backs NDC’s call for resignation of BoG governor
Economist and lecturer at the University of Ghana Business School (UGBS), Professor Godfred Bokpin, has assented to the National Democratic Congress' (NDC) call for...
Ghana ranked among 10 countries globally with highest food inflation
Ghana has been ranked among 10 countries in the world with the highest food inflation.According to a Food Security Report by the World Bank,...
Govt officials have lost hope in banking sector – MP on Cecilia Dapaah saga
Member of Parliament (MP) for the Asunafo South, Eric Opoku, has said the recent theft of substantial foreign and local currencies from former Sanitation...
Govt led BoG into a deep ditch – MP
Member of Parliament (MP) for the Asunafo South Constituency, Eric Opoku, has supported NDC's call for the resignation of Bank of Ghana governor, Dr...
Inflation rises for the third consecutive month
Year-on-year inflation shot up marginally to 43.1% in July 2023, from 42.2% recorded in June 2023.According to figures from the Ghana Statistical Service, the...
GRA to implement 10% withholding tax on betting, lottery winnings from August 15
The Ghana Revenue Authority (GRA) has announced that it will begin implementing a 10% withholding tax on all gross gaming winnings from August 15,...
Cedi to remain stable this week
The Ghana cedi will remain stable this week against the US dollar and other major foreign currencies, although improved US labour data may pose...
Six policemen injured in clash with tricycle operators in Kumasi
Six police officers have sustained injuries following a clash with tricycle operators at the premises of the Kumasi Metropolitan Assembly (KMA).The incident occurred on...
Multilateral debts, others pose downside risk to Ghana’s foreign exchange reserves – Report
Research firm, IC Research, is warning that the lingering debt settlements of government such as SWAPs and multilateral debts pose downside risk to the...
We are working to recover ¢60bn loss – BoG
The Bank of Ghana (BoG) has stated that it is working to recover the ¢60 billion loss it incurred in 2022 as a result...
Ghana Link’s Clyde Adjei picks Transformational Deputy MD Award
Deputy Managing Director of trade facilitation company, Ghana Link Network Services, Clyde Panyin Adjei, has been recognised as the most transformational Deputy Managing Director...
GPHA defends port tariff adjustments
The Ghana Ports and Harbours Authority (GPHA) has defended the recent port tariff adjustment.In a reaction to concerns raised by the Ghana Union of...
GUTA opposes GPHA’s latest increase in port charges
The Ghana Union of Traders Association (GUTA), is opposing the latest increase in port charges by the Ghana Ports and Habours Authority (GPHA) barely...
Performance of banks in half-year looks promising, banking industry remains strong – Governor
During the 70th Anniversary Celebrations of GCB Bank, Dr. Ernest Addison, the Governor of the Bank of Ghana, expressed optimism about the performance of...
ECG records ¢1.9bn loss in 2021 – Auditor General Report
The Electricity Company of Ghana (ECG) faced a significant financial setback in 2021, reporting a loss of ¢1.913 billion compared to a profit of...
BoG can’t take shelter from issues of other central banks – Economist
Professor John Gatsi, the Dean of the Business School at the University of Cape Coast (UCC), has criticized the Bank of Ghana (BoG), stating...
7 tricycle operators arrested in Kumasi amidst ban
The Kumasi Metropolitan Assembly (KMA) has said it will continue to ensure the enforcement of the ban on the use of tricycles in the...