Business

Entities responsible for charging E-levy

The Ghana Revenue Authority (GRA) has highlighted the entities responsible for deducting the yet-to-be-implemented Electronic Transfer Levy (E-Levy). According to the Authority, as May 1, is fast approaching, the entities designated to make such deductions are prepping themselves to ensure that the new tax policy is implemented smoothly.Continue Reading

COCOBOD lost almost Ghc1billion in 3 years

State-owned Enterprise Ghana Cocoa Board (COCOBOD) has posted more than Ghc820,000,000 in losses between the financial years 2018, 2019, and 2020 according to official data from the State Interest and Governance Authority.Continue Reading

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List of Top 100 Women CEOs in Africa in 2021

Reset Global People in partnership with the SDGS office at the Office of the President of Ghana and Avance Media have announced the second list of the Top 100 Women CEOs in Africa for 2021. With the inaugural list announced in 2019, this publication throws the spotlight on African women leading various organizations across the continent.Continue Reading

Mobile money loses GH¢10 billion in value

Even before the Electronic Transaction Levy (E-levy) takes effect next month, available data show that the mobile money platform has lost about GH¢10 billion in value between November 2021 and January 2022 – a development that raises serious concerns about the new tax’s ability to rake in the anticipated revenue.Continue Reading

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List of towns affected by ECG's exercise on Tuesday, 12th April 2022

Ebenezer Ghunney, the Accra West Regional General Manager of Electricity Company of Ghana (ECG) has outlined new measures put in place to reduce electricity illegalities in Accra West. According to him, the Accra West wing of ECG has employed technological measures to aid them in their operations.Continue Reading

The Finance Minister, Ken Ofori-Atta, is still surprised at the dissenting voices in relation to the proposed E-levy in the 2022 budget statement. He however, expressed optimism that the policy will be approved but in the event it does not go through, he said, the government will turn to the petroleum sector for revenue.Continue Reading

The Producer Price Inflation (PPI) has increased to 15.6 per cent in January 2022 from 14.7 per cent in December. This rate represents a 0.9 percentage point increase in PPI relative to the rate recorded in December 2021 (14.7 per cent) and the month-to-month change rate of 4.0 percent. GovernmentContinue Reading

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Lorry fare not increased by 30% – GPRTU

A member of the communications team for the Ghana Private Roads and Transport Union (GPRTU), Samuel Amoah has refuted claims of a supposed 30% increment in transport fares from Monday, February 7. Speaking on JoyNews’ Top Story on Monday, Mr. Amoah said the Drivers Union has not implemented the 30% increment on transport fares.Continue Reading

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The Government of Ghana intends to hold a townhall meeting on the controversial E-levy. The meeting which is scheduled on 27th January, 2022 at Eastern Premier hotel at Koforidua is expected to build consensus among opposing forces to the E-levy.Continue Reading

The telecommunications companies in the country have offered to cut mobile money charges by 25 per cent to provide financial relief to subscribers, the Minister of Finance, Ken Ofori-Atta, has announced. This for instance, means that the GHc1.00 charged for sending GHc100.00 will now be reduced to GHC0. 75p. MrContinue Reading

Ghanaians have for several months now complained about the consistent hike in fuel prices.
With the most recent one crossing the GH¢7 mark as at January 17, various stakeholders who directly use fuel for their daily activities have been seeking for an intervention, with some commercial drivers even threatening to increase transport fares.Continue Reading

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The National Petroleum Authority (NPA) has per the ECOWAS directive on harmonized specification for automotive fuels issued an interim waiver with effect from Thursday, 20th January, 2022 to 31st December, 2024 to local refineries licensed by the authority to produce and supply diesel and petrol containing Sulphur levels not exceedingContinue Reading

The Minister of Finance, Ken Ofori-Atta says following the conclusion of extensive consultations on the controversial Electronic Transaction Levy, the government is set to resubmit the Bill before Parliament. Mr. Ofori-Atta said the government expects legislators to approve the document when it is put before Parliament later this month. VotingContinue Reading

Banks have expressed their readiness to comply with a Bank of Ghana (BoG) directive that mandates them to use only the Ghana Card in identifying their customers before transacting business with them.Continue Reading

Fuel prices cross GH¢7 per litre

The price of a litre of fuel has crossed the GH¢ 7 mark for the first time at some pumps across the country. Checks by Citi Business News as of 9 pm on Sunday, January 16, 2022, showed that while a litre of petrol and diesel was going for GH¢ 6.50 at Goil, Shell was selling both at GH¢ 6.80. Total, however, was selling a litre of petrol at Gh¢ 6.99 and a litre of diesel at Gh¢ 7.05.Continue Reading

Appeal for extension of SIM card re-registration

Subscribers to various telecommunication networks are appealing to the government to extend the deadline for the re-registration of the Subscriber Identification Module (SIM) cards. The March 31, 2022 deadline by the government to end the SIM re-registration, they said, was not feasible as they always met long queues and interrupted slow networks at these re-registration centres.Continue Reading

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Nestlé Ghana’s has apologized for inconveniences caused to consumers and to their trade partners as a result of reported issues with some of its products. This comes after the Food and Drugs Authority (FDA) on Monday January 10 recalled batches of the company’s ideal milk and carnation milk from marketsContinue Reading

MTN Ghana, leader in the country’s telecommunications space, has reviewed data prices for its Fixed Broadband services (Fiber Broadband and TurboNet) users. A release issued in Accra yesterday by the Corporate Communications Department of the company said: “This has been necessitated by the need to align with market rates. InContinue Reading

Cocoa Carriers across the country on Thursday 6th January, 2022 rejected a proposal by the management of the Cocoa Marketing Company and Ghana Cocoa Board to increase pay for carrying a bag of cocoa from 62 pesewas to 82 pesewas. This led to inconclusive hours of disagreements between the partiesContinue Reading

Importers have barely 24-hours to clear their goods at the port. This will be necessary before the benchmark values are scrapped. Government had earlier announced the reversal of the reduction of values of imports. This was expected to be implemented on Tuesday, January 4, 2021. The development would affect aboutContinue Reading

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MTN Ghana has today announced the re-opening of its Service Centers across the country. The Ashaiman, Accra Mall, East Legon (Accra) and Nhyieso (Kumasi) offices however, remain closed until further notice. Commenting on the re-opening of the Service Centers, the Chief Customer Relations Officer of MTN, Mrs Jemima Kotei WalshContinue Reading

Cocoa carriers are currently demonstrating in Kumasi over non payment of salary and the Social Security and National Insurance Trust (SSNIT). They are beginning a nationwide strike today Wednesday, 5th January, 2022. Statement “From 4 to 5 years now, our salaries have not been increased for cocoa carriers. They’ve givenContinue Reading