BUSINESS

Finance Minister Ken Ofori-Atta has rubbished reports that the proposed 1.75% e-levy has been reduced to 1%. He said government is yet to reach an agreement with the Minority Caucus on the controversial levy that has dominated the discussion in the media. There were claims by Deputy Majority Leader Alexander …

11 million jobs can be created if the E-levy is implemented. The levy has proven divisive among MPs and unpopular to most Ghanaians Government has hinted that it would step down the current 1.75% rate Finance Minister Ken Ofori-Atta has disclosed one of the main uses to which revenue from …

The Coalition of Commercial Transport Operators has directed all commercial transport operators to embark on a sit-down strike from Monday, December 6th to back home their demand for government to remove five taxes contained in the 2022 budget. The five taxes and levies are- the Price Stabilization and Recovery Levy, …

Energy experts are asking the Public Utilities Regulatory Commission (PURC) to factor the cost of excess capacity accrued to the energy sector into the computation of power tariffs. This, according to them, would help ease the burden of government in off-setting the about US$7.5 billion energy sector debt. Based on …

Statistics South Africa has published its latest data on government spending, and the key sectors where taxpayer money is used. The data shows that government spending flirted with the R2 trillion mark in the 2019/20 financial year, representing a 10% rise from the R1.79 trillion recorded in 2018/19. ‘General government’ …

Decrease in stock prices due to low demand Value of listed companies on GSE declined in 2020, BoG Investors offload their assets in haste over COVID-19 fears The Financial Stability Review of the Bank of Ghana has revealed that the value of listed companies on the Ghana Stock Exchange (GSE) recorded a decline in …

Cocoa farmers say they have been treated unfairly by COCOBOD Address issues regarding our pensions immediately, farmers to COCOBOD 60% of cocoa farmers in Ghana are poor, Research Members of the Ghana National Cocoa Farmers Association (GNACOFA) boycotted this year’s farmers’ day celebration following what they described as the Ghana …

Otumfuo to launch gold coins Gold Coins not for legal transactions Commemorative gold coins to be auctioned, sold, Report The Asantehene, Otumfuo Osei Tutu II, is set to officially launch his Commemorative Gold Coins on December 12, 2021. According to reports, the Commemorative Gold Coins is a fitting memorial in honour …

The online betting industry in Ghana has been growing at a rate of knots in recent years, with Ghana quickly becoming one of the hotbeds of sports betting in sub-Saharan Africa. The Ghanaian gambling market still lags behind regional superpowers South Africa, Nigeria and Kenya; but the West African nation …

Minority Leader in Parliament, Haruna Iddrisu, says his side will readily accept a reduction of the proposed electronic transaction levy (e-levy) to 1% from 1.75%.a “A week ago, it was no no no, we won’t accept e-levy but having listened to officials in government, including the Minister of Finance. “I am …