BoG raises policy rate to 19%

May 26, 2022 The Monetary Policy Committee of the Bank of Ghana has raised the policy rate by 200 basis points to 19 percent. At a press briefing, the central bank said: “In sum, the Committee...

Written by:

May 26, 2022 / Comments (0)

VAT on e-commerce: GRA, 2 regulators track online spending

March 16, 2022 The Ghana Revenue Authority (GRA) has partnered with two major regulators in the country (the Bank of Ghana (BoG) and the National Communications Authority (NCA) to help it monitor the...

Written by:

March 16, 2022 / Comments (0)

GRA begins implementation of six new tax reliefs

February 9, 2022 The Ghana Revenue Authority, GRA, has commenced the implementation of some six tax reliefs introduced by the government as part of efforts to cushion taxpayers against the impact of the...

Written by:

February 9, 2022 / Comments (0)

GRA to reject companies’ expenses without VAT invoice from October 1

September 3, 2021 The Ghana Revenue Authority (GRA) says it will reject any expenditure incurred by any company in Ghana without a Value Added Tax (VAT) invoice starting from October. This, according to the...

Written by:

September 3, 2021 / Comments (0)

The COVID-19 Health Recovery Levy— How it works

May 12, 2021 The COVID-19 Health Recovery Levy Act, 2021, (Act 1068), imposes a special levy, the COVID-19 Health Recovery Levy, on the supply of goods and services, and imports to raise revenue to...

Written by:

May 12, 2021 / Comments (0)

Government’s new tax policies to take effect from May 1

April 21, 2021 The implementation of the new tax policies announced in the 2021 budget statement and duly approved by Parliament will take effect from May 1, 2021. The implementation date was announced in...

Written by:

April 21, 2021 / Comments (0)

Ghanaians willing to pay taxes – Afrobarometer study

April 12, 2021 Ghanaians endorse taxation and are willing to pay higher taxes to support the country’s development, a new Afrobarometer study has shown. The study said majority of the citizens, however,...

Written by:

April 12, 2021 / Comments (0)

Government to introduce 1% Covid-19 Health Levy – Mensah Bonsu

March 15, 2021 The Caretaker Minister for Finance, Osei Kyei Mensah Bonsu says the government will be introducing a Covid-19 Health Levy of 1% on VAT, Flat Rate Scheme (VFRS), and 1% on National Health...

Written by:

March 15, 2021 / Comments (0)

BoG’s indices show boost in economy’s real sector

February 19, 2021 Latest data released by the Bank of Ghana indicate that some selected real sector pointers showed progress in economic activity during the third quarter of 2020 when compared with trends...

Written by:

February 19, 2021 / Comments (0)

Parliament approves US$162.9 million Barclays Bank loan

January 12, 2021 Parliament has approved a US$162, 931,563.27 Barclays Bank PLC loan to finance the design, construction and furnishing of seven district hospitals and provide an integrated IT systems...

Written by:

January 12, 2021 / Comments (0)