BUSINESS NEWS

Finance Minister Kenneth Nana Yaw Kuntunkunuku Ofori-Atta has announced a new levy to be charged by government in 2022 on all electronic transactions to widen the tax net and rope in the informal sector.   “It is becoming clear there exists enormous potential to increase tax revenues by bringing into …

The Finance Minister Mr Ofori Atta is expected to present the budget statement for the 2022 fiscal year in Parliament today Wednesday November 17. Earlier, he assured new graduates from the University of Professional Studies, Accra (UPSA) and all Ghanaians youths across the country that the budget statement of the government …

Economic analysts want Ghanaians to lower their expectations of freebies in the 2022 budget expected to be presented before Parliament on Wednesday, November 17, 2021. According to them, this is due to the fact that the Ghanaian economy at the moment is broke. The Director of Business Operations at Dalex …

The 2022 Budget Statement and Economic Policy of Government will focus mainly on reducing unemployment and expanding on the economy’s recovery from the COVID-19 pandemic, the Ministry of Finance has said.   In a statement, the ministry said the budget will also focus on import substitution, digitalisation of the economy, …

The Public Interest and Accountability Committee (PIAC) has withdrawn from a partnership with the Economic and Organised Crime Office (EOCO) aimed at fighting corruption related to disbursement of petroleum revenue. The decision was taken after a review of the deal by the new board of PIAC. PIAC is the statutory body with oversight responsibility …

There are currently about 34 African countries on the World Bank and IMF’s heavily indebted countries’ list, according to data obtained by Business Insider Africa. Among these heavily indebted poor countries are: Ghana, Tanzania, Ethiopia, Benin, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros Islands, Democratic Republic of Congo, …

A website offering 500 Ghana cedis to encourage people to participate in a survey allegedly connected to the 64th Anniversary of the Bank of Ghana is a SCAM. A link displaying the logo of Ghana’s Central Bank is being circulated on messaging app, WhatsApp, with a call to action for …

Profitability performance of the banking sector remained robust in August 2021 as the 21 banks operating in Ghana registered growth rate of 27.4%, higher than the 19.2% recorded a year ago. According to the September 2021 Banking Sector Development Report, the banks registered ¢3.17 billion in August 2021, compared with …

The Deputy Lands Minister in charge of Mining has reiterated government’s commitment to eradicate illegal mining, popularly known as galamsey. George Mireku Duker interacting with the media on Monday, stated that excavators of miners who are still operating in areas marked as ‘red zones’ will be burnt. He insisted that …

The Chamber of Petroleum Consumers Ghana (COPEC) has said the persistent hikes of petroleum prices at the local pumps is due to the unresponsive nature of the government. According to Duncan Amoah, the executive secretary of COPEC, the Energy and Finance Ministers have remained adamant even when oil prices on …