Parliament passes three new taxes

April 3, 2023 Parliament has passed the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, the Ghana Revenue Authority Bill 2022 and the Income Tax Amendment Bill 2022. The...

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April 3, 2023 / Comments (0)

GRA reiterates calls for businesses to embrace  E-VAT

March 31, 2023 The Ghana Revenue Authority (GRA) has reiterated calls for business operators to embrace the E-VAT system to help government rake in more revenue as part of efforts to address the economic...

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March 31, 2023 / Comments (0)

Cedi starts week on strong note; $1 now ¢12.25

March 29, 2023 The Ghana cedi started this week on a strong note gaining some grounds against the US dollar in the retail or forex market. The local currency gained about 20 pesewas in value against the...

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March 29, 2023 / Comments (0)

Bond market: Trading activity in government bonds slumps by 15.5

March 29, 2023 Trading activity in Government of Ghana bonds slumped once again last week. Aggregate volume traded declined by 15.59% week-on-week to ¢100.55 million. The new GoG bonds continue to gain...

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March 29, 2023 / Comments (0)

Fuel prices to fall between 2% and 9% from April 1

March 29, 2023 Fuel prices will fall between 2% and 9% for the third consecutive time from April 1, 2023 with Liquefied Petroleum Gas (LPG) expected to witness its biggest decline in recent times....

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March 29, 2023 / Comments (0)

MPC resets Cash Reserve Ratio on domestic currency deposits for banks to 14%

March 28, 2023 The Monetary Policy Committee (MPC) of the Bank of Ghana decided to reset the Cash Reserve Ratio on domestic currency deposits for banks from 12 per cent to 14 per cent. This takes effect...

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March 28, 2023 / Comments (0)

Introduction of new taxes will bring more burden on business – GUTA tell gov’t

March 28, 2023 The Ghana Union of Traders Association (GUTA) has called on the government to reconsider its plan to introduce three new taxes. Describing such taxes are obnoxious, GUTA said they will...

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March 28, 2023 / Comments (0)

Ghana’s IMF progress: Paris Club, China & other creditors agree to form OCC

March 28, 2023 Ghana’s Minister for Finance, Honourable Ken Ofori-Atta, has divulged that Ghana has made significant progress in its discussions for debt treatment with the Paris Club and other...

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March 28, 2023 / Comments (0)

BoG increases policy rate to 29.5%; loans to remain expensive

March 27, 2023 The Bank of Ghana has increased its policy rate by 150 basis points to 29.5% to help check the high inflation and any downside risks to the economy. This means the cost of credit will...

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March 27, 2023 / Comments (0)

Average lending rates shoot up marginally to 36.64% – BoG

March 27, 2023 Average lending rates shot up marginally to 36.64% in February 2023, from 35.58% recorded in December 2022, data from the Bank of Ghana has revealed. This is equivalent to 3.02% interest...

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March 27, 2023 / Comments (0)