BUSINESS NEWS

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 …

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 …