BUSINESS

Parliament has passed the Income Tax (Amended) Bill, 2022 to amend the Income Tax Act, 2015 (Act 896) to extend the exemption from tax of gains on the realisation of shares listed on the Ghana Stock Exchange for five years. Mr. Kwaku Kwarteng, the Chairman of the Finance Committee of Parliament moved for the …

When two people wed, they typically exchange vows to be together for better and for worse, for richer or for poorer, in good times and bad, and so on… According to an interview with Afrimax TV, however, a man known as ‘ Theodomir ‘ tells his sad stories by saying …

Bright Simons, a Vice President of Imani Africa, has indicated that the government of Ghana failed to signal forcefully to the market intentions for fiscal consolidation hence Standard and Poor’s (S&P) Global Ratings of the country to CCC+/C from B-/B. According to him, such conduct by the government will further …

Revenue of the mobile money (MoMo) arm of telecommunication market leader – MTN – reached GH¢899million, a 9 percent growth on year-on-year growth in the first half of the year, its unaudited interim report has shown. The figure, however, pales in comparison to the 50.9 percent YoY growth recorded a …

Yofi Grant, the Chief Executive Officer, of Ghana Investment Promotion Centre (GIPC), has stated that despite Ghana’s inflation rising, the economy is growing. According to him, the country’s economic growth and outlook continue to be positive. He stressed that the fundamentals of Ghana’s economy are resilient and strong and not …

Dr. Owusu Afriyie Akoto, Minister of Food and Agriculture, is blaming the high cost of food items on the market on profiteering. According to him, food products are in abundance but their retail prices remain high over and above the financial capacity of the ordinary consumers. Speaking on the August 3 …

A five-year ban on the construction of Liquefied Petroleum Gas (LPG) stations has been lifted by Cabinet at its 35th sitting held on Wednesday, August 3, 2022. The move comes on the back of the ongoing strike by Tanker Drivers and LPG Marketing Companies over some concerns. In a letter …

Steve Hanke, a professor of applied economics at Johns Hopkins University in the United States, has for some time now been monitoring Ghana’s economic growth and putting a spotlight on it. In his latest #EconWatch diaries on his verified Twitter timeline, the academic stated that, since 2021, Ghana has lost …

Petroleum tanker drivers’ are expected to start a sit-down strike from Monday, 1st August 2022 to protest poor working conditions and some decisions by the regulator, NPA, which are affecting them. The tanker drivers’ unions, comprising Gas Tanker Drivers Union, Ghana National Petroleum Tanker Drivers Union, GOIL Tanker Drivers Union …

Ghana may still be finding its teeth in technological innovations, but in its recent digitalization drive, Ghana has proved to be ahead of many developed countries in a number of digital innovations. One of them is Motor Insurance Database, where Ghana has proved to be a step ahead of Britain, …