BUSINESS NEWS

The Traders Advocacy Group has directed its members to increase the prices of goods and services by 80 percent in retaliation to the government’s reversal of the 30 percent benchmark value discount at the ports.     The General Secretary of the group, Nana Poku, told journalists on Wednesday, 2 …

The Electronic Transaction Tax (E-Levy) has become a household name dominating the Ghanaian airspace in the last couple of weeks. The government has so far done a lot in its bid to pass the levy but is met with strict resistance from the citizens and the opposition members of parliament …

The Finance Ministry has admitted that it may struggle to pay salaries of public sector workers in the long run if the country’s revenue base, is not increased. Last week, the Speaker of Parliament, Alban Bagbin noted that government may not be able to pay salaries in the next three …

The finance minister, Ken Ofori-Atta, after the 2022 budget reading has been on the hot seat as a result of the inclusion of an electronic transaction levy that seeks to tax Ghanaians who transact businesses electronically.     The ministry of information in collaboration with the ministry of finance has …

The Ghana cedi is now the worst-performing currency on the African continent just two months into 2022. This is because it has depreciated by about 7.6% to the dollar from January 1, 2022 to February, 25, 2022. The local currency has therefore overtaken the Zambian kwacha, which was the worst-performing …

The founder of the Danquah Institute, Gabby Asare Otchere-Darko, has served notice to Ghanaians to be ready for further depreciation of the local currency, the Ghana Cedi due to the Russia – Ukraine conflict. The political strategist said other African currencies will suffer the same fate as the US dollar …

The Economic and Organised Crime Office has cautioned the public against online investment schemes called Royal Gardens Network and Hubtel Mobile Lending, which operate Ponzi schemes.   In a statement, it said checks have established that Royal Gardens Network and Hubtel Mobile Money Lending have not been registered to operate …

The Chamber for Local Governance (ChaLoG) has described as ‘very disingenuous and most unfortunate’ a comment by Finance Minister Ken Ofori-Atta suggesting that the District Assemblies Common Fund (DACF) can only be paid if the e-levy is passed.   Mr Ofori-Atta had reiterated the need for Ghanaians to support moves …

The much anticipated Smivic business and leadership summit happened on 19th February,2022 at Accra Techinical University Auditorium.   According to Mr Smith Ebenezer,Co founder of Smivic Communication limited,this year’s summit was organized to build the youth on how they can establish their own business and also how they can build …

Transport operators in the country have agreed to adjust fares by 15 per cent, beginning Saturday, February 26, 2022.   A statement issued by the Road Transport Operators on Tuesday February 22 said “In line with the administrative arrangements on public transport fares, the Road Transport Operators after intense negotiations …