BUSINESS

President Nana Addo Dankwa Akufo-Addo has said that the Cedi has started gaining strength against the major trading currencies. He said this in an interview with the BBC’s Peter Okwoche on Monday, April 4. The President was touting the economic progress of the oil-producing West African nation but when his attention was …

The leadership of the Online Drivers Association of Ghana has declared a sit-down strike over welfare concerns. The two-day national sit-down strike will start on Tuesday, April 5, and end on Wednesday, April 6. It is meant to drum home their demands for better conditions of service. The association is …

The Ministry of Foreign Affairs and Regional Integration, Ghana has announced that due to a surge in demand for the 48-page passport booklets and continuing challenges with the supply chain, the Passport Office, until further notice, can only issue the now available 32-page booklets. In a release dated April 1, …

Effective Saturday, April 2, 2022, prices of bread in the Ashanti regional capital, Kumasi, would be increased to GH¢8. A loaf of bread was previously sold at GH¢6. According to bakers that spoke to Adom News, the prices of flour, sugar and other ingredients have increased astronomically. The GH¢2 increment, …

Five years ago, a South African student embarked on a spending spree and treated herself to the good things of life after a bank error credited her account with about $1 million. On June 1, 2017, Sibongile Mani, who was then a student at South Africa’s Walter Sisulu University (WSU), …

Not all that glitters is gold, so if you get your orgasm from commercial sex workers, you may want to rethink your source of orgasm. Simply looking into the eyes of a sex worker will draw you in and leave your pockets dry. A sex worker dedicated the best part …

The leadership of Mobile Money Agents Association of Ghana has given an indication that it will meet over the weekend, to deliberate on whether to embark on a proposed demonstration against the E-Levy. Dela Abotsi, the National President of the Mobile Money Agents Association of Ghana, said “w e will …

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 …

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 …

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 …