BUSINESS

The Finance Minister, Ken Ofori-Atta, is still surprised at the dissenting voices in relation to the proposed E-levy in the 2022 budget statement. He, however, expressed optimism that the policy will be approved but, in the event, it does not go through, he said, the government will turn to the …

CEO of the Microfinance and Small Loans Centre (MASLOC), Hajia Abibata Shanni Mahama Zakariah, has indicated that 55 percent of lenders have failed to pay back the loans given to them by the centre. According to her, out of the over GH¢200 million loans given out by MASLOC, only GH¢ …

The National Lottery Authority (NLA) has presented a cheque of GH¢10,000,000.00 to the Ministry of Finance as their contribution to the YouStart programme to tackle the high youth unemployment in the country. The cheque was presented by His Eminence, Torgbui Francis Nyonyo, a member of the Counsel of State representing …

A new World Bank report has revealed that Ghana had accumulated significant government arrears prior to the COVID-19 pandemic. This is far higher than the projected arrears post-COVID-19. The report, dubbed: “Finance for an Equitable Recovery”, indicates that the percentage of the country’s arrears was estimated at almost 5% of …

The Ghana Private Road Transport Union (GPRTU) has reminded commuters to expect an increase in transport fares from Saturday, 26 February 2022. Speaking in an interview, the Union’s Public Relations Officer, Mr Imoro Abbas said they are currently engaging the government on what percentage the upward adjustment should be. “We …

Wealthy Ghanaian businessman Daniel Ofori’s investment in Ghana’s fourth-largest bank, Societe Generale Ghana, is now worth GH¢57.9 million (US$9.03 million), owing to a rise in the firm’s shares in 2021. Societe Generale Ghana, a subsidiary of the French international investment bank Societe Generale, operates as one of 17 operational divisions …

The Ghana Private Road Transport Union has denied knowledge of any increment in transport fares. The Unions stated that it is not aware of any 30% increment in fares. This follows a press release from the Members of the Private Commercial Transport Operators announcing a 30% increment in transport fares …

Driver unions in Ghana are sharply divided as a section of the unionized coalition has broken ranks to announce a 30 percent increment in the fares despite an engagement with the government. The Ghana Private Road Transport Union (GPRTU) for instance has announced that commuters should expect an increment in …

The Ghana Private Road Transport Union (GPRTU) has urged the public to disregard reports suggesting that transport fares will go up by 30 percent tomorrow, Friday, February 18, 2022. The Union said it would conclude its negotiations with the Government on Monday, February 21, 2022, after, which it would officially …

The Ghana Revenue Authority (GRA) says plans are far ahead in taxing electronic commerce and online businesses from April 1, 2022. The move, according to the GRA, is part of efforts to achieve the GHC80.3billion tax revenue target for the year 2022. The GRA Commissioner-General, Ammishaddai Owusu-Amoah speaking at the …