BUSINESS NEWS

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; …

In order to develop self-sustaining jobs, 400 youth in the Akyem Achiase Constituency of the Eastern Region have been provided training in employable skills.   SKILLS TRAINING The effort to empower women to start their own businesses and achieve financial independence was financed by members of parliament for the Achiase …

The Ministry of Finance has dispelled claims of a new tax policy where shippers are required to obtain an Electronic Cargo Transit number. There were reports derived from a letter which purportedly suggested that all shipments to Ghana, including transit shipments are required to obtain an Electronic Cargo Transit number …

On November 1, 2023, the Abossey Okai Spare Parts Dealers Association has declared their intention to hold a sit-down strike. The primary objective of this strike is to underline their demand for the Ghana Revenue Authority (GRA) to revoke the implementation of the Electronic Value Added Tax (E-VAT) compliance. The …