BUSINESS NEWS

In a bid to secure fair compensation for their services, Mobile Money (MoMo) agents across Ghana will implement a temporary measure limiting cash withdrawals to a maximum of GH¢1,000 per transaction, effective December 1, 2023. The decision was announced in a joint statement issued by four MoMo Associations: the Northern …

JA Ghana is eagerly gearing up to participate in the upcoming global event, COP28, which is poised to bring together industry leaders, innovators, and experts from around the world. JA Ghana is thrilled to represent the country at this prestigious international summit, which aims to provide an opportunity for the …

The Economic and Organized Crime Office (EOCO) says it has observed an upsurge in cheque fraud in parts of Ghana. According to EOCO, the fraudsters perpetrating this crime ride on the back of technology to deal with their victims via phone calls and online platforms and avoid any form of …

The Ghana Chamber of Telecommunications (GCT) has called on the government to lower the Electronic Transfer Levy (E-levy) from 1% to 0.5% and impose a 0.5% levy on cash-outs to align the policy with Ghana’s digital-first strategy. “Our recommendation to the Ministry of Finance is to consider reducing the levy …

The Public Utilities Regulatory Commission has announced a downward review of electricity tariffs effective December 1, 2023 to February 29, 2024. The adjustment is in line with the Commission’s Quarterly Tariff Review Mechanism using key factors such as the exchange rate between the US$ and the Ghana Cedi, domestic inflation …

The government of Ghana has waived the requirement for pre-arrival visa acquisition for travellers to Ghana ahead of the Christmas season. This means that passengers will instead receive their visas upon arrival in Ghana. The arrangement, in effect from December 1, 2023, to January 15, 2024, is part of the …

The Vice President and Flagbearer of the NPP, Dr. Mahamudu Bawumia says former President John Mahama’s proposal to introduce a 24 hour economy in Ghana if he is elected President of Ghana again, is “not a well thought out policy.” Addressing a milling crowd in Tamale on Monday during his …

Flagbearer for the NDC, John Mahama, says taxes on betting will be among the taxes his government will review when voted into power. The bill to tax sports betting and lottery was passed in March 2023. Per the bill, ten percent of all winnings from sports betting and lotteries is …

The Ghana Integrated Aluminum Development Corporation (GIADEC) says the mining of about half a million tonnes of bauxite from the Nyinahin range in the Ashanti Region will soon begin. This follows the successful completion of the Mineral Resource Estimate (MRE) and social impact analysis to ensure responsible mining. According to …

Finance Minister Kenneth Ofori-Atta on Wednesday, November 15, shared the government’s abridged version of the 2024 Budget Statement and Economic Policy of Government. He told Parliament, there is a developed and more detailed update on sectoral performance in a ‘Volume II’ document. Below is the full text of his presentation; …