BUSINESS NEWS

Ahead of the highly anticipated implementation of the Electronic Transfer Levy (E-Levy) from May 2022, the Ghana Chamber of Telecommunications has called for a review of portions of the law to exclude the 1.5% charge on payment of salaries made via mobile money.     According to the chamber, per …

London-based Economist Intelligence Unit (EIU) is expecting the cedi’s end of year rate against the dollar to hit ¢7.87 as captured in its April 13, 2022, assessment of the Ghanaian economy. The expected depreciation of the local currency against the dollar for the next eight months of this year, according …

The controversial Electronic Transaction Levy (E-levy) since it was approved in Parliament has become the worry of many Ghanaians. Some have become apprehensive about how the new tax will impact their finances, be that as it may, on May 1, the Ghana Revenue Authority (GRA) will begin its implementation. A …

The Chief Executive officer of COCOBOD, Joseph Boahen Aidoo, has asked Cocoa farmers in the country to search for chicken poop to fertilize their cocoa farms warning of an imminent acute shortage of fertilizer in the country. He said the looming shortage is a result of the Russia and Ukraine …

The Minister for Energy, Dr. Matthew Opoku Prempeh has disclosed the reasons behind the recent power outages, experienced in parts of the country. According to him, this is a result of some unfavorable load imbalance in the systems used in the delivery of power. Some parts of the country have …

The persistent rise in the prices of petroleum products at the pumps in the last couple of months will now be a thing of the past, the Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, has assured. This follows the major intervention by the Bank …

President Akufo-Addo has reiterated the commitment of government to ensure transparency and judicious use of revenue mobilized through the implementation of the electronic transaction levy Act to engender confidence among tax payers.   According to the President “government agenda to introduce the electronic levy bill, is now electronic transfer levy …

The Ghana Union of Traders’ Association (GUTA) is appealing to government to reconsider a decision to migrate traders from the VAT Flat Rate Scheme to the new Standard Rate Scheme.   “This is because we (traders) have been operating under the Flat Rate Scheme for about five (5) years, and …

The Founder and Executive Chairman of the Jospong Group of Companies, Dr. Joseph Siaw Agyepong, has revealed how he leveraged a GHC3.00 his mum loaned him, to become one of the biggest business moguls in Africa. According to him, after being compelled to manage his mother’s bookshop after his second …

Workers who receive their salaries through mobile money platforms may have to brace themselves. This is because a portion of their money is expected to be affected by the recently passed E-Levy. According to the Ghana Revenue Authority (GRA), the manner in which the controversial law was crafted makes it …