BUSINESS

The National Insurance Commission (NIC) has announced a review of motor insurance tariffs. The revised motor insurance tariffs will take place effective December 1, 2022. According to NIC, this review was in consultation with the Ghana Insurers’ Association in the face of the economic challenges in the country. Below is …

The Ghana Union of Traders Association (GUTA) has described as unfortunate the 2.5 per cent increment in Value Added Tax (VAT). According to GUTA, this is a clear departure from the promise the government made to stakeholders during the budget hearings. At the said meetings, the government made it clear …

The prices of gari and sachet water in the Bolgatanga market, Upper East Region, have reduced, following a decline in demand due to the increase in prices earlier in November. A bag of gari, which was sold between GH¢800.00 and GH¢850.00 depending on the size has been reduced to GH¢750.00 …

The preacher’s wife wanted to send her videos to her husband while he was away for a short time, but she dropped them in a church Whatsapp platform by accident because she was in a hurry. It is also clear that she deleted the videos quickly when she realized she …

The Ayew brothers had contrasting fortunes in the West Africans’ defeat to Europeans in their World Cup opener It was a contrasting game the Ayew brothers as while Andre scored, his younger brother Jordan was at fault for the two late goals that Ghana conceded in their 3-2 loss to …

President Muhammadu Buhari on Wednesday finally unveiled the re-designed Naira Notes as proposed by the Central Bank of Nigeria (CBN). The CBN Governor, Godwin Emefiele, had on Tuesday said that the president will unveil the newly designed N1,000, N500 and N200 notes. The unveiling marks the first time in 19 …

Vice President Dr. Mahamudu Bawumia has said government is negotiating a new policy that seeks to ensure the country purchases imported oil products with gold rather than foreign exchange. In a Facebook post on November 24, 2022, the Vice President said the policy is expected to take effect by the end …

The Minister of Finance, Ken Ofori-Atta has appeared before parliament to fulfill his constitutional mandate by presenting the government budget to the House. The presentation was in accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921). GhanaWeb in this article highlights …

The Minister for Finance, Ken Ofori-Atta, has announced a proposal to review the Electronic Transfer Levy (E-Levy) from its current rate of 1.5 percent to 1.0 percent. In addition to the reduction of the rate, Ofori-Atta also proposed the removal of limits on transfers that will attract the levy. “Review the …

The government has indicated a further reduction in the headline rate of the controversial Electronic Transfer Levy to 1 percent from the current 1.5 percent. The review of the act is to drive aggressive mobilisation of domestic revenue. Finance Minister, Ken Ofori-Atta disclosed while presenting the 2023 budget statement in …