BUSINESS NEWS

Flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia, says that when he is elected into office in 2024, Ghana Card holders will no longer need to apply separately for a passport. According to him, cardholders will merely pay for the passport application fee via electronic transfer, specifically mobile …

The planned implementation of the 15 percent Value Added Tax (VAT) on domestic consumption of electricity has been suspended officially by the government. Both the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCO) have thus been directed by the Ministry of Finance to put the charging …

The current economic data shows that the economy is recovering from the crisis, Vice President Dr Mahamudu Bawumia, has said. He recounted that inflation has dropped from 54 percent to 23 percent in this December 2023. “Economic growth is rebounding, spending is under control,” he said in his address on …

In accordance with information that MyGhanaMedia.com is privy to, Salt 95.9 FM, which is based in Agogo in the Asante Akim North District of the Ashanti Region, has reportedly shut down.   According to a notice from the NCA, the radio station was shut down for failing to renew its …

The Ghana National Chamber of Pharmacy and the Pharmaceutical Importers and Wholesalers Association of Ghana have jointly expressed concerns regarding the Ministry of Health’s proposed import ban on 142 drugs. While not rejecting the idea of restrictions, the pharmacists are urging a careful and thorough approach to prevent unintended consequences …

The new train assembled in Poland for railway transportation in Ghana has been handed over to the Ghana government at a ceremony in Poland. This is the first batch of 12 state-of-the-art trains from Poland, marking a pivotal moment for Ghana’s transportation sector. It will be used on the new …

The National Association of Institutional Suppliers has given the government a 14-day ultimatum to pay an amount of GH₵30 million owed them. According to the Association, if the government fails to respond to their requests, they will picket the Ministry of Education until they are granted an audience and subsequently …

The Lands Commission has interdicted 14 staff for their involvement in Stamp Duty fraud. The Stamp Duty fraud was detected in May 2022 when the Audit Unit of the Commission realized that the tax figures paid by some property owners for the registration of their properties failed to reflect the …

The importation of cocoa beans by the nation from neighboring nations has been an industrial practice for more than 20 years, according to the Ghana Cocoa Board (COCBOD). Afrotropic Cocoa Processing Company Limited  has been given green light to import cocoa beans in a letter signed by Joseph Boahen Aidoo, …

The New Patriotic Party (NPP) government led by President Nana Addo Dankwa Akufo-Addo has implemented several tax measures as part of its fiscal policy to enhance revenue generation These new taxes reflect the government’s commitment to achieving economic sustainability and providing essential public services. The taxes have stirred discussions and …