BUSINESS NEWS

Government has increased the Livelihood Empowerment Against Poverty (LEAP) grants paid to beneficiaries of the social intervention programme across the country.   Up to 324,073 beneficiary households receive the bi-monthly grants. The 89th cycle (January and February 2024) LEAP cash grant payment is scheduled to start today across the country …

The COVID-19 Levy, introduced to fund pandemic-related expenses, has drawn criticism from businesses arguing it is no longer necessary and is harming investment. In the lead-up to the mid-year budget review, the business community called for the removal of several taxes they deem redundant, including the COVID-19 levy. Many businesses …

Mr. Joseph Danser, the Executive Director of the Center for Skilled Unemployment Ghana (CESU-GH), has endorsed the 24-Hour Economic policy espoused by the flagbearer of the National Democratic Congress (NDC) John Dramani Mahama to revamp the country’s ailing economy. Unemployment is a worldwide phenomenon which has also affected Ghana’s unfortunate …

The Minority Leader, Dr. Cassiel Ato Forson, says the New Patriotic Party (NPP) lacks new ideas to develop the country. According to him, Ghanaians expected that the mid-year review would have abolished several taxes. He said that the numerous taxes have made Ghana a high-tax regime, causing businesses to move …

On Tuesday, July 23, Finance Minister Mohammed Amin Adam presented the 2024 mid-year budget review before Parliament. In his address, Dr. Amin Adam assured that the government is committed to staying within its budgetary allocations. He emphasised that the government’s focus is on fiscal discipline, aiming to manage expenditures carefully …

Finance Minister, Dr. Mohammed Amin Adam has revealed that the government will allocate GH¢1.5 billion to resolve outstanding claims from financial management companies. This announcement was made during the presentation of the 2024 mid-year fiscal policy review in Parliament on Tuesday, July 23. Dr. Amin Adam also disclosed that the …

Dr Mohammed Amin Adam, the Finance Minister, has disclosed that the central government’s provisional total debt stood at GH¢742 billion (US$50.9 billion) as of June this year. This figure represents 70.6 per cent of the Gross Domestic Product (GDP). While delivering the 2024 mid-year budget review in parliament in Accra …

Finance Minister Dr. Mohammed Amin Adam will today present the 2024 Mid-Year Budget Review in Parliament. This will be his first budget presentation since becoming Finance Minister in February 2024, in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921). The review will update the House …

The National Communication Authority (NCA) has responded to public concerns regarding high internet data pricing, affecting businesses and sparking outrage on social media. Many have called for the dissolution of the NCA board due to high data costs and unreliable data supply, which some attribute to MTN’s declaration as a …

The Deputy Minister of Transport, Hassan Tampuli, has stated that there is no justification for the increase in lorry fares. The Concerned Drivers Association of Ghana has declared a 15 percent rise in transport fares, set to take effect on Monday, July 22, 2024. The association cites the escalating cost …