BUSINESS

Here is a list of transactions to be affected by E-Levy

The law, Electronic Transfer Levy Act, 2022, Act 1075, otherwise known as the E-Levy, was given Presidential assent on Thursday, March 31, 2022, after it was passed by Parliament on Tuesday, March 29, 2022. The Electronic Transfer Levy Act, will impose a 1.50% levy on all electronic transfers. Prior to its approval …

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ATM withdrawals not included in E-Levy – Finance Ministry

The Finance Ministry has stated that ATM withdrawals will not attract the 1.5% charge on electronic transfers. Also, same person transactions will not attract the E-Levy. The E-Levy is a tax imposed on electronic transfers charged at the time of transfer. The levy shall be administered by the GRA and …

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All you need to know about E-Levy

Following the passage of the Electronic Transactions Levy (E-Levy) on Tuesday, March 29, 2022, the Ministry of Finance has issued a document with guidelines towards its full implementation in May 2022. With President Nana Addo Dankwa Akufo-Addo yet to assent to the Bill, the Ministry has put out a document that contains …

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E-Levy deductions to commence in May – Ofori-Atta

The Minister for Finance, Ken Ofori-Atta, has stated that the newly approved Electronic Transfers Levy otherwise known as E-Levy will come into effect from May this year. Speaking to journalists after President Nana Addo Dankwa Akufo-Addo’s State of the Nation Address in Parliament on Wednesday, Mr Ofori-Atta said the state institutions …

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Students injured as inter-schools competition ends in brutal fight

Scores of students have been left injured following a clash during an inter-school gala competition at Sehwi Kwasikrom. This year’scompetition in the Amoaya circuit in the Bodi District of the Western North region did not end peacefully as some youth from the host community, Sehwi Kwasikrom, engaged in a fight …

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We’re using digitalisation to de-risk agricultural sector to promote agribusiness – Bawumia

The Akufo-Addo-led Government is building enablers and efficient systems to de-risk Ghana’s agricultural sector to drive transformation and engender growth, Vice President Mahamudu Bawumia has said. He outlined various policies and programmes including the digitalisation of public sector institutions, rolling out of unique national identity cards (Ghana-Card), Mobile Money Interoperability Payment System, …

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NAGRAT hoping for 15% salary increment in State of the Nation address

Ahead of the State of the Nation address today, Wednesday, March 30, 2022, the National Association of Graduate Teachers (NAGRAT), has said it is hoping for a salary increase announcement from the President. Speaking to Citi News, the President of NAGRAT, Angel Carbonu, explained that considering the economy, social and worsening …

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Gov’t formally cuts E-levy from 1.75% to 1.50%

The Finance Minister Ken Ofori-Atta has formally moved for the controversial E-levy to be amended from 1.75% to 1.50%. The changes were made in the House on Tuesday after the Minority walked out of the House in opposition to the Bill. In December 2021, Deputy Majority Leader, Alexander Afenyo-Markin said …

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E-Levy finally passed

After months of backs and forths in parliament with regards to the controversial Electronic Transactions Levy (E-Levy), parliament has passed the bill. This was after the House considered the bill after its third reading, with the Speaker of Parliament, Alban Bagbin, in the seat. Earlier, the Minority in Parliament staged a …

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Bag of ‘pure water’ to be sold at GH¢8 effective April 1

The National Association of Sachet and Packaged Water Producers (NASPAWAP) has announced that effective April 1, 2022, prices of packaged water will experience some “slight” adjustments. In a press statement signed by its President Magnus Nunoo, the association stated that this has become necessary due to the cedi’s depreciation and …

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Nyieso MP donates 1100 dual desks and 20 computers to GES

The Member of Parliament for Nyieso constituency in the Ashanti Region, Dr Stephen Amoah has donated 1100 dual desks and 20 computers to the Education Directorate to be distributed among schools in the area. The donation, according to him, forms part of his efforts towards promoting quality education in the …

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Show us which Chinese market sold cassava to Ghana – Minister asks

A Deputy Minister of Food and Agriculture in Charge of Crops, Mr Yaw Frimpong Addo, has called on Ghanaians to disregard the propaganda peddled by the main opposition National Democratic Congress’ Member of Parliament for the Asunafo South Constituency in the Ahafo Region, Mr Eric Opoku, that Ghana imports huge tonnes of …

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A bag of sachet water now sells at 6.00 ghc

The National Executive Committee (NEC) of the National Association of Sachet and Packaged Water Producers (NASPAWAP) has recommended to all its members to review upward the prices of their products. In a press release signed by the National President, Magnus Nunoo, the Association announced that, iced sachet water remains unchanged …

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Girl, 14, married off to 48yr old man at La

Residents of La, a suburb of Accra, want authorities to rescue 14-year-old Naa (not her real name), who is married to a 48 year old man in that area. Naa was married off to Akwetey Ashong, after the father of her 6 months old baby disappeared after getting her pregnant. …

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Here’s what foreign investors consider before investing in Ghana

Many times, you hear people say that the continuous depreciation of the local currency, the Cedi, will scare away foreign investors. This explains the term low investor confidence where the investor is unwilling to engage in investment opportunities in the country for fear of losing both principal and money they …

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Fuel prices to be reduced by ¢1 from April 1

The Ghana Chamber of Bulk Oil Distributors (COBD) has forecasted an up to ¢1 per litre reduction in the price of petrol and diesel by April 1, 2022. This follows several engagements the COBD had with the Bank of Ghana (BoG) and stakeholders to fashion out interventions aimed at reducing …

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GIJ SRC considers re-joining NUGS after exiting last year

The Students Representative Council of the Ghana Institute of Journalism (GIJ SRC) is considering re-joining the National Union of Ghana Students (NUGS) after exiting the mother student body last year. GIJ exited NUGS last year because it felt the association was not playing its role with regard to issues at …

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More than 1000 electric vehicles operating in Ghana

Ghana’s agenda to join the world in phasing out fossil-fuel-powered vehicles and switch to electromobility (e-mobility) is on course with more than 1000 fleets of electric vehicles already operating in the country. The shift will reduce carbon dioxide (CO2) emission in the transport sector, contribute to keeping the global temperature …

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Garden City University College inducts 1,996 fresh students

The Garden City University College at Kenyase in the Kwabre East in the Ashanti region has inducted 1,996 fresh students for the 2021/22 academic year into the university. The students, including foreign nationals, are to pursue diplomas, degrees and masters programmes in nursing, business and communication. The matriculation ceremony was held …

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Free TVET kicks off in April

The Education Ministry has announced that the Free Technical and Vocational Education and Training (TVET) initiative introduced by the Government will start this academic year. According to the Free Senior High School (FSHS) Coordinator, the Ministry, Mr William Darkwah, all qualified candidates who chose to pursue TVET at any government-approved …

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