BUSINESS

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 …

Mr John-Peter Amewu, the Minister of Railways Development, on Wednesday, announced that government has paid 68 million euros to Amandi Holdings Limited to begin construction works on the Manso-Huni Valley rail line in the Western Region. Mr Amewu said this, in Accra, Wednesday at a media briefing on the Government’s …

Total reduces its prices by 2% International crude oil prices have seen some reduction Fuel prices decrease marginally Checks at various pumps have revealed that some Oil Marketing Companies (OMCs) have started revising their prices this morning. The Institute of Energy Security (IES) has stated that prices on the market …

Deputy Majority Leader, Alexander Afenyo-Markin, has said that the electronic transaction levy (E-levy) will be reduced from 1.75% to at least 1.5%. According to him, the reduced charge was captured in the revised version of the 2022 budget submitted by the Finance Minister, Ken Ofori-Atta on Tuesday. Speaking on PM …

The power outages in the Ashanti region will continue until December 20, 2021, as a result of ongoing works on three damaged towers of GRIDCo at Bogoso, GRIDCo has said. Speaking at a joint press conference organized by GRIDCo and ECG in Kumasi, the Director of Northern Network Services at …

Ad Ken Ofori-Atta introduced 1.75% e-levy Govt fees and charges was also increased by 15% Ken Ofori-Atta says govt is engaging telcos on the new levy During the presentation of the 2022 budget dubbed ‘Agyenkwa budget’, the Finance Minister, Ken Ofori-Atta introduced a new 1.75% levy on all electronic transactions such as Mobile …

Business word of the day – Cyber Monday   The term cyber-Monday, was coined in 2005 Source:

Government pays about four billion dollars in subsidizing the energy sector, Mr Habibu Adam, a Senior Economist, at the office of the Senior Presidential Advisor, has said. Mr Adams said the subsidy payment was more than the money being spent to implement the Free Senior High School (FSHS) policy, adding …

Ad The World Bank has urged Ghana to accelerate economic transformation by creating more decent jobs for its growing youthful population to address the fast-paced unemployment challenge in the country. The Bank noted that although the country had over the last two decades, become a rising star in Africa, nearly …

Members of Parliament received a number of proposals from tax experts on the issue of the now controversial Electronic transactions levy (E-levy) that Finance Minister Ken Ofori-Atta included in the 2022 budget. Whereas one expert asked for the total scrapping of the tax, another hailed it as ingenious with a …