BUSINESS

The government may be considering the removal of the proposed electronic levy (E-levy) in the 2022 budget statement and economic policy of the Akufo-Addo administration on the sums of money sent by foreign workers to individuals in the country which is better known as inward remittances. Government, according to Accra-based …

The Governor of the Bank of Ghana, Dr. Ernest Addison, together with Governor Harvesh Kumar Seegolam, Governor of the Bank of Mauritius, have signed a historic Cooperation Memorandum of Understanding (MoU) in Port Louis, to deepen the existing ties of engagement between the two central banks. The objectives of the MOU …

1.75% tax has been placed on electronic transaction Majority in Parliament wants e-levy in 2022 budget approved NDC has described e-levy has draconian On November 17, 2021, Finance Minister, Ken Ofori-Atta, during the 2022 budget reading in parliament, announced the introduction of 1.75% tax on all electronic transactions. According to him, this new …

The leadership of the Coalition of Private Transport Operators has postponed the group’s intended strike, originally scheduled for November 29, 2021, to Wednesday, December 1. According to the Union, the decision was taken after it had an emergency meeting on November 25 with the government with assurances that fuel prices …

You may have seen a lot of alerts and posts on social media and in shops with the inscription, Black Friday and you may have been wondering exactly this means! Well, today, Friday, November 26, 2021, is Black Friday, a day after the US Thanksgiving holiday that allows people to …

Parliament has rejected a motion that sought the approval of the 2022 Budget as presented by the Finance Minister, Ken Ofori-Atta. All 137 Minority Members of Parliament voted against the motion when the question was put by Speaker Alban Bagbin. The Majority had earlier walked out of the house after a disagreement with the …

Many traders undertaking business activities in and around the Dr. Mensah business enclave in the Kumasi Metropolis have expressed worry over poor sanitation in the area. According to them, the situation is deterring several of their customers which they fear may collapse their businesses. They say if steps are not …

A 120 kilowatts (KW) capacity gas production plant and a seven tonnage-per-day mechanized gari processing factory completed in 2017, have been abandoned at Asueyi near Techiman in the Bono East Region. Mr Ernest Adakwa Yiadom, the Techiman North District Planning Officer, disclosed that the factory was not in operation after …

Bank of Africa, Stanbic and Calbank offered the highest cost of credit The report is based on information collected from banks The APR reflects the true cost of a loan and processes undergone for its approval The September 2021 Annual Percentage Rates (APR) by the Bank of Ghana has revealed that Republic …

The Minister of Finance, Ken Ofori-Atta in his 2022 Budget presentation spoke about a new tax government was proposing, the Electronic Transaction Levy (E-levy). The levy has dominated discussions in and out of Parliament with proponents stressing its importance to broadening the tax net while opponents have lamented its negative impact on …