Energy Minister Dr. Mathew Opoku Prempah has said the government will add more power generation capacity. He also said the government will locate power generation in the middle and northern sectors to improve grid stability. Continue Reading
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
The Ghana Grid Company Limited (GRIDCo) has released a press statement announcing the reconstruction of transmission lines from the Achimota substation through Avenor to the Mallam substation which will cause parts of Accra to experience intermittent power outages (‘dumsor’) starting from Saturday, 9 April 2022.Continue Reading
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
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.Continue Reading
Former Deputy Minister for Information, Felix Kwakye Ofosu has said that Ghana currently has the worst credit rating ever in 20 years. Speaking in an interview on NewsNight on Thursday, he said with this data, he does not understand why Ghanaians would be told that the economy “today is better than in the past.”Continue Reading
Vice President, Dr. Mahamudu Bawumia has reaffirmed the ability of the country’s economy to bounce back despite the current challenges.According to him, “changing the structure of our economy through diversification and value addition will not happen overnight.”Continue Reading
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
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
A new report has estimated that road flooding could cause damages worth $3.9 billion to the Ministry of Road and Transport by 2050. According to the study, the potential amount to be lost is thrice the US$1.3 billion investment made in the sector in 2019.Continue Reading
Senior Advisor at the Africa Parliamentarians Network against Corruption, Professor David Abdulai has questioned the strategy adopted by the Finance Ministry regarding the proposed E-levy.Continue Reading
The LPG Marketers Association of Ghana is calling on the government to scrap taxes imposed on the product in order to ease the pressure on consumers.Continue Reading
Following the 15% increase in transportation fares, the disagreement between passengers and transport operators on the right amount to pay has been a topical issue.Continue Reading
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
The company in a statement said she has over 25 years of proven track record in Senior Management, including nine years in the mining industry, nine years in the manufacturing sector and five years in the power sector.Continue Reading
The National Petroleum Authority (NPA) has cautioned operators of “table-top fuel stations” to desist from the illegal practice before the law catches up with them.Continue Reading
Job listings can be extremely detailed, with long lists of responsibilities and required skills, descriptions of company culture and perks, and numerous other reasons for why you might want to work there. But there’s often one glaring omission: the pay.Continue Reading
Ghana’s National Identity Card, the Ghana Card can now be used as an e-passport in 44,000 airports globally.Continue Reading
According to Communications Director of the NPP, Yaw Buaben Asamoa, old approaches cannot be used in saving the ravages of the pandemic on the economy.
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Revenue comes from exports, taxes, economic activities through economic growth and jobs. So, borrowing is done with future revenue in mind. Debt management cannot be undertaken without considering all these factors including depreciation.Continue Reading
Commissioner of the Domestic Tax Revenue Division (DTRD) of the GRA, Edward Appenteng Gyamerah, disclosed that the move is to cushion existing businesses and households from the ravages of the COVID-19 pandemicContinue Reading
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
The government is unhappy with credit rating agency, Moody’s, for downgrading Ghana’s Long-Term Issuer and Senior unsecured bond ratings to Caa1 from B3.Continue Reading
Consumers may have to pay an increase of about eight to twelve percent from February for some commodities should the Ghana Revenue Authority (GRA) implement the amended Value Added Tax (VAT) rate.Continue Reading
In a statement, he said the government made some expenditures in order to relieve the burden on Ghanaians during the COVID-19, and it has become necessary to put in place some measures to fill the gaps that were created.Continue Reading
BAKnewschannel has learnt that officials of County Pension Fund (CPF), Kenya is in Ghana to understudy good investment practices. In a statement, the Ghana export promotions noted that the delegation will be in the country from 1st February, 2022 to 4th February, 2022Continue Reading
The Institute for Energy Security (IES) says prices of petroleum products are expected to increase at various pumps across the country.Continue Reading
The government is expecting Mobile Money transactions to drop by about 24 percent after the introduction of the Electronic Transfer Levy, a deputy Finance Minister, John Kumah, has said. Speaking on The Big Issue, Mr. Kumah said the government also had a plan to boost education on the controversial e-levy. “TheContinue Reading
The government is to spend about GH₵14million as compensation to poultry farmers whose farms have been affected by the Avian Influenza (bird flu), the Minister of Agriculture, Dr Owusu Afriyie Akoto, has announced.Continue Reading
In a statement sighted by BAKNewsChannel the authority said the Commissioner-General of the Ghana Revenue Authority (GRA) wishes to notify the general public that the following Tax Laws (Amendments) have been duly passed by Parliament:Continue Reading
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
The Public Interest and Accountability Committee (PIAC) has in a report, indicted the management of the Ghana National Petroleum Corporation (GNPC) over an acquisition of a residential property at Chapel Hill, a suburb of Takoradi in the Western Region for US$7.5 million.Continue 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
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 EU took the decision after Ghana strengthened the effectiveness of its AML/CFT regime by addressing related technical deficiencies, a press statement issued by the Ministry of Finance, and copied to the Ghana News Agency, said.Continue 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
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
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
The Kotoka International Airport (KIA) according to BAKNewsChannel sources will by the end of January, 2022 launch private jet services.Continue Reading
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
Does your airtime drain for no reason at all? Your network providers are not to be blamed for this. Probably you have subscribed to the service unknowingly . All that you need to do is follow these simple guidelines to deactivate unwanted subscriptions. Continue 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
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
