BUSINESS NEWS

Kennedy Agyapong, a flagbearer aspirant of the New Patriotic Party (NPP) in Ghana, has expressed his support for the 10% withholding tax imposed by the Ghana Revenue Authority (GRA) on all gross gaming winnings, including bets and lottery wins. The tax went into effect on August 15, 2023. Agyapong, a …

Concerned former employees of defunct GN Savings and Loans have appealed to President Akufo-Addo to issue an executive order for the Governor of the Bank of Ghana, Dr. Ernest Addison, to reinstate the company. The regulator revoked the license of GN Savings and Loans Company four years ago, stating that …

The Youth Wing of the opposition National Democratic Congress (NDC) has asked the government to immediately abolish the recently imposed 10% withholding tax on all gross gaming winnings. According to them, the “insensitive policy” will worsen the plight of the already impoverished youths. In a press statement issued by the …

On August 9th, 2023, in Accra’s British Council auditorium The Agricultural Development Bank (ADB), which harnesses the transformative power of agribusiness for wealth creation, introduces its annual culture of fiscal turn-over accountability. Which warmly calls for the assembly of all major shareholders and stakeholders to witness the previous year’s performance …

The government, through the National Employment and Innovation Programme (NEIP), has disbursed funds totaling about GH₵10 million to roll out the ambitious and job creating youth agricultural programme, under the Ghana Cares ‘Obaatanpa’ initiative. Between GH₵10,000 to GH₵20,000 have been released to beneficiaries in various modules covering Vegetable Farming, Maize …

The International Monetary Fund (IMF) has cautioned the Bank of Ghana, highlighting the importance of upholding its policy mandates despite the financial setback experienced in the fiscal year ending 2022. The IMF emphasized that it remains essential for the central bank to take decisive measures to steer inflation back to …

The Bank of Ghana (BoG) has justified the construction of a new headquarters, insisting that its current head office, built in the 1960s, is no longer fit for purpose. The National Democratic Congress (NDC) at a press conference on Tuesday, August 8, accused the Bank of Ghana of building a …

The Ghana Revenue Authority (GRA) has notified sporting and lottery companies of the 10% tax on all winnings from sports betting and lotteries set to kick in effective August 15. This forms part of the government’s efforts to expand the tax base and increase domestic revenue. According to the authority, …

Some Concerned Assembly Members of the Birim Central Municipality in the Eastern Region have invoked the RTI bill on the ongoing Akyem Oda central market reconstruction, believing that some NPP high-profile individuals in the constituency are withholding detailed documents from the assembly members and the municipal assembly as a whole. …

An advocacy group, Orange Girl Foundation, has called on Vice President Dr Mahamudu Barumia to honour a pledge he made during the campaign of the 2020 general election. The Vice President had then vowed that the New Patriotic Party (NPP) government would remove the luxury tax on sanitary pads. He …