HomeBusiness

Business

Mahama likely to assent to E-Levy repeal bill today

Deputy Finance Minister Thomas Nyarko Ampem has revealed that President John Mahama is expected to assent to the Electronic Transfer Levy (E-Levy) repeal bill...

Parliament approves repeal of betting tax

Parliament has approved the repeal of the controversial Betting Tax, along with taxes on gaming, lotteries, and the 1.5 per cent withholding tax on...

Parliament repeals E-Levy

Parliament officially repeals the Electronic Transaction Levy (E-Levy), which imposed a 1% charge on electronic transactions. Introduced in 2022 under the Akufo-Addo administration, the levy...

NPA boss seeks security support for 24-hour fuel stations

The Chief Executive of the National Petroleum Authority (NPA), Godwin Kudzo Tameklo, has revealed that his outfit is working with various security agencies to...

Asuano Okro farmers lament low prices, seek market support

Okro farmers in Asuano, a farming community near Nkoranza in the Bono East Region, are facing severe financial difficulties due to the low prices...

Finance Minister announces cost-cutting measures

Finance Minister Dr. Cassiel Ato Forson has outlined a series of cost-cutting measures aimed at reducing government expenditure and ensuring prudent financial management. Speaking at...

No government directly creates jobs – Ken Thompson

Former Chief Executive Officer of Dalex Finance, Ken Thompson, has urged Ghanaians to change their perception of job creation, stressing that governments do not...

Government to pay $1.1bn to ENI for gas supply in 2025

Government will need to mobilize $1.1 billion in 2025 to settle payments owed to ENI for gas supply, including monthly invoices, Letter of Credit...

Bond market: Secondary market activities surge 65% to 907m

Activity in the secondary bond market surged 65% week-on-week to GH¢907 million from GH¢550 million the previous week. The February 2029 and February 2031 maturities...

Over 1,350 ECG containers can’t vanish at Tema Port – Energy Minister vows probe [Audio]

Energy Minister John Abdulai Jinapor has reacted to an investigative report on the Electricity Company of Ghana (ECG), revealing that over 1,350 containers meant...

Finance Minister defends 2025 budget as people-centered policy document

The Minister for Finance, Dr. Cassiel Ato Forson, has defended the 2025 Budget Statement, calling it a people-centred document aimed at addressing the economic...

GRA denies freezing accounts of BILLS Micro Credit chairman Richard Nii Armah Quaye

The Ghana Revenue Authority (GRA) has refuted claims that it has frozen the financial accounts of Richard Nii Armah Quaye, the businessman and Chairman...

$1.2b gold smuggled out of Ghana in 2022 – Ato Forson

Minister for Finance, Dr. Cassiel Ato Forson, has raised concerns over Ghana’s loss of billions in revenue due to the illegal transfer of gold,...

GRA conducts tax assessment on businessman Richard Nii Armah Quaye

The Ghana Revenue Authority (GRA) has initiated an income tax assessment on businessman and Chairman of Micro Credit firm BILLS, Richard Nii Armah Quaye. The...

Finance Minister reaffirms commitment to IMF programme, debt restructuring

Finance Minister Dr. Cassiel Ato Forson has reiterated the government's commitment to meeting the conditions of the International Monetary Fund (IMF) programme and ensuring...

Government misses Treasury Bill target for first time in 2025

The government has missed its treasury bill target for the first time in 2025, recording an 18% under-subscription in the latest auction. According to auction...

Benjamin Zigorsh-Nyakpenu assumes duty as Deputy Registrar of Companies

Benjamin Zigorsh-Nyakpenu has officially assumed office as the First Deputy Registrar of Companies. He was introduced to management by the Acting Registrar of Companies, Maame...

Governor Asiama chairs first MPC meeting with proposed reforms

The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, will today, March 24, 2025, chair his first Monetary Policy Committee (MPC) meeting...

Love of money is root of all evil, and banks must fight it – Kwamina Asomaning

The Ghana Association of Banks President, Kwamina Asomaning, has made a strong case for heightened ethical training in the banking sector, stressing the need...

Think long term, but act short term – Sam Jonah

A former Chief Executive of AngloGold Ashanti, Sir Sam Jonah, has maintained that to be successful in the current global space, a business leader...

Pan-African Savings and Loans reintroduces Mama Club Group Loans to empower women

Pan-African Savings and Loans, a subsidiary of Ecobank Ghana, is proud to reintroduce its revamped group loan product, the Mama Club Group Loans, in...

Goldbod will be sole exporter of gold in Small-Scale mining sector – Sammy Gyamfi

The Acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi, has clarified that Ghana’s proposed Gold Board will have exclusive authority...

Commercial banks expand lending amid Treasury Bill rate decline

Commercial banks have begun exploring more lending options for businesses and diversifying their investments into high-yielding asset classes in response to declining Treasury Bill...

How T-Bill rates shape BoG’s monetary policy

The Bank of Ghana Act 2002 (Act 612) grants the central bank operational independence and mandates the establishment of a Monetary Policy Committee (MPC)...

GBfoods Ghana strengthens trade partnerships with key distributors

GBfoods Ghana, a leading food manufacturing company and market leader in tomato cooking bases and taste enhancers, has successfully hosted its inaugural Key Distributor...

We’ve built enough buffers to meet all DDEP obligations – Finance Minister

The Minister for Finance, Dr. Cassiel Ato Forson, has assured the banking sector that the government has built sufficient financial buffers to meet all...

Ghana’s banking sector on path to recovery – Banks Association President

The President of the Ghana Association of Banks, Kwamina Asomaning, has expressed optimism about the country’s banking sector, stating that Ghana is on a...

We won’t be reckless – Finance Minister assures banks

The Minister for Finance, Dr. Cassiel Ato Forson (MP), has reassured banks that the government is committed to responsible economic management and will avoid...

Gold can give Ghana ten times more forex than cocoa gives – Sammy Gyamfi

The acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi, has raised concerns over the significant loss of foreign exchange Ghana...

Some Eurobond Investors in Ghana seek legal action over DDEP restructuring

Some Eurobond investors impacted by Ghana's Domestic Debt Exchange Programme (DDEP) have initiated legal action against commercial banks over their role in restructuring bonds. According...

Roads Minister Agbodza engages AfDB on funding for key projects

The Minister for Roads and Highways, Governs Kwame Agbodza, has engaged with the African Development Bank (AfDB) to secure funding for key road projects...

IEA warns of risks in 2025 budget’s social interventions

The Institute of Economic Policy is cautioning against the heavy reliance of the 2025 Budget on social interventions. According to the institute, this approach may...

Government to borrow GH¢6.14bn in T-Bills on March 21

The government is set to borrow GH¢6.14 billion from the treasury market on Friday, March 21, 2025, through the issuance of the 91-day, 182-day,...

John Jinapor engages CSOs in Energy Sector

The Minister for Energy and Green Transition, John Abdulai Jinapor, has expressed deep concern over the rising debt within Ghana’s energy sector, warning that...

Gold-for-Oil policy responsible for stable petroleum prices – Hassan Tampuli

The former Deputy Minister for Transport, Hassan Tampuli, has credited the Gold for Oil policy introduced by the previous Nana Akufo-Addo administration for the...

Roads Minister and COCOBOD CEO form committee to address stalled cocoa roads projects

The Minister for Roads and Highways, Kwame Agbodza, and the Chief Executive Officer of COCOBOD, Dr. Ransford Abbey, have met to strategize on funding...

NPA boss vows to flush out illegal fuel traders

The Chief Executive of the National Petroleum Authority (NPA), Godwin Kudzo Tameklo Esq., says his outfit will not spare groups or individuals engaged in...

NYA to implement National Apprenticeship Programme

The National Youth Authority (NYA) has been tasked with implementing the National Apprenticeship Programme, aimed at equipping young Ghanaians with practical skills for employment. Launched...

NHIL uncapping to offset USAID funding suspension – Ato Forson

The government has announced that the uncapping of the National Health Insurance Levy (NHIL) is expected to generate approximately GH¢9.9 billion to help bridge...

2025 budget betrays government’s priorities – Oppong Nkrumah

Member of Parliament for Ofoase Ayirebi and former Minister of Housing, Kojo Oppong Nkrumah, has raised concerns about the 2025 budget statement, suggesting that...