BUSINESS NEWS

The Ghana Revenue Authority (GRA) has announced May 1st, 2022 as the implementation date for the Electronic Transaction Levy (E-Levy). In a notice, the GRA said the decision was influenced by the passage of the E-Levy bill by parliament. The E-Levy will impose 1.50% on all electronic transfers.     …

The Vice President, Dr. Mahamudu Bawumia, has attempted to give reasons for the troubles of the Ghana cedi. The head of the government’s economic management team blamed the woes of the cedi largely on negative credit ratings, challenges in getting the 2022 budget passed, and the refusal of investors to …

In what appears to be a defence of the controversial Electronic Transfer Levy (E-levy), President of Ghana Nana Addo Dankwa Akufo-Addo has expressed confidence in the government’s recent strategies aimed at reviving the struggling economy. Speaking to the BBC’s Peter Okowche, President Nana Addo said the government’s strategies will offer …

The world has moved from the barter system to banknotes and now irresistibly digital currencies. Quiet frankly, it is imperative to look at the massive experiment in digital space of trade where it encourages huge movement of funds without major fears of robbery attacks.   As the new era of …

The Finance Minister, Ken Ofori-Atta has hinted that the implementation of the Electronic Transaction Levy may commence in May 2022. According to him, the Ghana Revenue Authority (GRA) will have all the systems in place for the operationalization of the levy by then. “I think the nation is settled, there …

Parliament is now waiting on President Akufo-Addo to assent to the Electronic Transfer Levy (E-Levy) Bill. The Majority inapproved the E-Levy after the Minority walked out saying the tax is a tool to exacerbate the plight of the ordinary Ghanaian.     Today’s decision was reached after the Consideration Stage …

The Vice President of Ghana,  Dr. Mahamudu Bawumia has responded to critics who have, in recent times, asked about his whereabouts at a time when the country’s economy appears to be taking a nosedive.     Dr Bawumia has, for some time now, focused on the administration’s digitisation agenda in …

Transport operators in the country say they are disappointed in the government for reducing fuel prices by just GHp15 per litre through the Finance Minister Ken Ofori-Atta’s address on Thursday, March 24. The operators say the GHp15 will not change their decision to review transport fares but will also enable …

Fuel prices in Ghana will go down by 15 pesewas per litre effective April 1, 2022. This reduction will be in place for three months. This was disclosed by the Minister of Finance, Ken Ofori-Atta, on Thursday, March 24, 2022, while announcing measures put in place by the government to …

Local airline operators, Passion Air has suspended flights to the Volta regional capital, Ho.   According to the airline, although the new Ho route did not enjoy a lot of patronages, the decision to suspend flights to that part of the country is mainly due to the increase in fuel …