HomeBusiness

Business

E-levy may be implemented in May – Finance Minister hints

JoyNews/AdomNews · E-levy to be implemented in May - Ofori-Atta hints The Finance Minister, Ken Ofori-Atta, has hinted that the implementation of the Electronic Transaction...

Panic withdrawals hit Mobile Money – MMAAG

A lot of people who have their money kept on their Mobile Money Wallet have begun withdrawing their money following the passage of the...

Ghana did not import cassava from China in 2019 – Agric Ministry

The Ministry of Food and Agriculture has dismissed claims that Ghana imported raw cassava from China in 2019. This follows claims by the Member of...

Ban on imported 4×4 vehicles: Akufo-Addo’s important message to Kantanka, other local assembly plants

JoyNews/AdomNews · Ban on imported 4x4 vehicles: Akufo-Addo's important message to Kantanka The President, Nana Addo Dankwa Akufo-Addo, has called on local assembly plants including...

E-levy deductions to start in May – Finance Minister

Finance Minister Ken Ofori-Atta has given the indication that the implementation of the e-levy will start in May this year. The Controller and Accountant General...

Kwame A Plus speaks on E-levy

Musician and political activist, Kwame A Plus, has taken to his social media to address his followers after Parliament approved the controversial Electronic Transactions...

GH¢1bn fraud: Banks line up staff for prosecution

The Bank of Ghana has revealed that some of the persons involved in the GH¢1bn fraud that hit the banking sector in 2020 are...

Celebs react to approval of E-Levy bill

On Tuesday, March 29, Parliament approved the controversial E-Levy Bill. The Bill was adopted at a reduced rate of 1.5% from the initial 1.75% amid...

KGL Group’s Alex Dadey awarded overall best entrepreneur of the decade

Executive Chairman of the KGL Group and Board Chairman of Ghana Investment Promotion Centre (GIPC), Alex Dadey, has been adjudged the Overall Best Entrepreneur...

E-levy: Checkout transactions to be affected and exempted

Parliament is now waiting on President Akufo-Addo to give his assent to the Electronic Transfer Levy (E-Levy) Bill. A Majority-sided House approved the E-Levy after...

COCOBOD partners academy of arts and sciences to boost cocoa consumption

Ghana Cocoa Board (COCOBOD) and the Ghana Academy of Arts and Sciences (GAAS) have joined forces to conduct extensive research into the use of...

Russia/Ukraine war affects fertilizer price – COCOBOD

The Russia and Ukraine war keeps impacting global food supply chains and Ghana’s major export earner, cocoa, is not left out. Chief Executive of Ghana...

Sachet and Packaged Water Producers announce price increment

The National Association of Sachet and Packaged Water Producers (NASPAWAP) has announced price increment for bottled and sachet water effective April 1, 2022. The move,...

‘Insurance Pays’, an insurance industry campaign to educate people about insurance claims

The Insurance Awareness Coordinators Group (IACG), on Monday, launched a first-of-its-kind claims testimonial campaign, which seeks to grow insurance adoption in Ghana by building...

Shanghai Covid: Oil prices fall after city starts lockdown

Global oil prices have fallen as China starts to implement a city-wide lockdown in Shanghai, an important financial and manufacturing hub. Brent crude lost more...

Canada pledges to help countries stop using Russian oil

Canada says it can provide more oil, gas and uranium to help solve the global energy crisis. Prices have soared as a result of Russian...

Fuel prices to be reduced by ¢1 from April 1

The Ghana Chamber of Bulk Oil Distributors (COBD) has forecasted an up to ¢1 per litre reduction in the price of petrol and diesel...

SSNIT to introduce informal sector pension fund

The Social Security and National Insurance Trust (SSNIT) is set to introduce Informal Sector Pension Fund to cater and provide social protection to workers...

Checkout how much Ghana has earned since it started producing oil

Economist and political risk analyst, Dr Theophilus Acheampong, has disclosed that since Ghana started producing oil in 2011 till date, the country has been able...

Govt announces reduction in fuel prices

The government has announced 15 pesewas per litre reduction in margins in petroleum prices at the pumps. By this, the prices of petrol will be...

Cedi records 1.20% appreciation to dollar

The cedi appears to be responding to the increment in the Policy Rate by 2.5 percentage points to 17% and other actions taken by...

Fuel prices may reduce if cedi appreciates against the dollar – Analyst

JoyNews/AdomNews · Theo Acheampong on fuel hike Economist and Political Risk Analyst, Dr Theo Acheampong, has projected that the price of fuel at the pumps...

MTN Ghana honours winners of 25th Anniversary Bright Media Awards

MTN Ghana has presented prizes to winners of its 25th Anniversary Bright Media Awards Competition which was organised for journalists in Ghana to write...

Man grabbed for staking GH¢1m company funds on sports betting in Accra

An Administrative Officer with Kabfam Company Limited has been remanded into police custody for allegedly stealing over GH¢ 1 million from his employer. According to...

BoG’s policy rate increment is disappointing and callous – Economic stakeholders

Economic and Trading stakeholders in Ghana have described as disappointing and callous the Monetary Policy Committee (MPC) of the Bank of Ghana's (BoG) increment...

We are together, we want a win-win – Ghana Upstream Petroleum Chamber CEO tells stakeholders

The Chief Executive Officer of the Ghana Upstream Petroleum Chamber, David Ampofo has spoken about the industry’s three main concerns in a world quickly...

Mobile Money Transaction hits ¢76.2bn in January 2022

Mobile Money transaction in the first month (January) of 2022 stood at ¢76.2 billion, the Bank of Ghana has revealed in its Summary of...

Ghana to begin manufacturing of electric vehicles from 2023

Ghana will witness the manufacture of its own electric cars from start to finish from January 2023. This is a boost for the quest by...

Cedi depreciates 14.5% to dollar so far in 2022 – BoG

The Ghana cedi has so far in 2022 depreciated by about 14.6% to the US dollar, the Bank of Ghana has disclosed. This is against...

Adopt 4 of our key proposals – IEA to gov’t

The Institute of Economic Affairs is urging government not to go the International Monetary Fund for financial and economic support if it can adopt...

Capital Bank collapse: Ato Essien’s lawyers grill BoG official

Lawyers for the founder of the defunct Capital Bank, William Ato Essien, on Thursday, March 17, 2022, grilled an official of the Bank of Ghana (BoG)...

Some commercial drivers in Kumasi buy fuel on credit

Some commercial drivers in the Ashanti Regional capital, Kumasi, are being compelled to buy fuel on credit, following the rise in fuel prices, which...

eCedi will meet very high security requirements – BoG

The Bank of Ghana (BoG) has re-emphasised that its digital currency – the eCedi will meet very high security requirements. As a result, currency issuance...

Fair-minded citizens who spoke up during Mahama’s regime must speak now – Franklin Cudjoe

The founding President and Chief Executive Officer of the IMANI Centre for Policy and Education, Mr. Franklin Cudjoe, has urged Ghanaians who criticised the...

HD+ goes on tour with HD+ Keteke roadshow

SES HD PLUS Ghana, the country’s premium high-definition satellite broadcast service provider, is going on tour to bring the FeeliFeeli experience of HD quality...

Report tax defaulting social media businesses and be rewarded – GRA

Assistant Commissioner at the Large Taxpayer Office of the Ghana Revenue Authority (GRA) has urged Ghanaians to report any business owner who operates on...

GPRTU set to increase transport fares again as fuel prices surge

The Ghana Private Road Transport Union (GPRTU) has announced that commuters should expect an increment in transport fares. According to the Head of the Union’s...

How betPawa BIG winner Abdulai is helping those less fortunate

betPawa BIG winner Abdulai had already dedicated around half of his winnings to those less fortunate when he was awarded an extra GH¢45,000. The Northern...

Ghanaians not benefiting enough from oil, mining – PIAC

The Public Interest Accountability Committee (PIAC) has disclosed Ghanaians are not benefiting sufficiently from the extraction of fuel and oil. Speaking with Parker Wilson on...

Fuel prices to hit ¢11 per litre from March 16

Prices of petroleum products will from Wednesday, March 16 experience a significant surge as consumers are expected to pay ¢11 per litre. The Bulk Oil...