Billionaire Elon Musk on Friday said his acquisition of Twitter is temporarily on hold pending details supporting a calculation that spam or fake accounts represent less than 5% of users of the microblog. Musk was reacting to a news report about Twitter estimating that false or spam accounts represented fewer than 5% of its monetizable […]
President Nana Addo Dankwa Akufo-Addo has called for greater support for the African Development Bank (AfDB) to expand its capital base to make it the lead financing institution in funding Africa’s development. He said the bank had proven that it had deeper understanding of African issues, and therefore, must lead in financing African development ahead […]
Marwako, a fast food eatery in Accra has been trending on Twitter after several Twitter users complained of getting food poisoning after eating there. The Twitter tirade started after a user Edward Elohim posted that the fast food service had given him and several other people food poisoning. His statement has been rehashed by several […]
The Minerals Income Investment Fund (MIIF) is redesigning its strategy to list its wholly-owned subsidiary, Agyapa Royalties, on the London Stock Exchange and the Ghana Stock Exchange. The listing of Agyapa on the London Stock Exchange has been slated for the last quarter of this year. The MIIF has been adjudged the best financial institution […]
Some spare parts dealers at Abossey Okai say they will not relocate to Afienya in line with plans by the Greater Accra Regional Coordinating Council. Describing themselves as National Spare Parts Dealers Association, they argue that Afienya will not be in their interest. At a press conference in Accra Tuesday [May 10, 2022], they said […]
Chief Executive Officer of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, has disclosed that the Authority has secured a deal with the Bank of Ghana to give bulk oil distribution companies lower rates of dollar. Dr. Abdul-Hamid hoped the deal lead to a decline in the prices of petroleum products in the country in […]
The government has lost nearly GH¢9 billion in revenue from taxes generated on imported goods as a result of the reduction in the benchmark values in the last three years. The amount was lost between April 2019, when the implementation of the policy started, and March this year when it was reviewed. The discount policy […]
All is set for the Electronic Transactions Levy (E-Levy) to take off on Sunday, as scheduled. The Ghana Revenue Authority (GRA) and the three charging entities – banks and specialised deposit-taking institutions (DFIs), electronic money issuers (EMIs) and telecommunications companies (telcos) – have put in place the relevant systems and mechanisms to start collecting 1.5 […]
The government has cut the revenue target from the Electronic Transactions levy (E-Levy) to GH¢4.5 billion in line with developments following the proposal of the levy in November last year. The Commissioner-General of GRA, Reverend Dr Ammisshaddai Owusu-Amoah, told Graphic Online Thursday that the revision followed the reduction in the rate from 1.75 per cent […]
The Bank of Ghana (BoG) has cautioned the public against participating in the impending launch of cryptocurrency investment scheme “SIDICOIN”. In a statement, the BoG said neither the investment scheme nor its promoters had obtained approval from the central bank to operate in the banking and payment services sector. The Bank also reiterated that cryptocurrencies […]
The Minister of Finance, Ken Ofori-Atta, has urged taxpayers to file their tax returns for 2021 with the Ghana Revenue Authority (GRA) by the end of April 2022 to ensure compliance with the tax laws and promote revenue mobilisation. His call, he explained, was in line with the Income Tax Act 2015 (Act 896) and […]
Tesla CEO Elon Musk is offering to buy Twitter, saying the social media platform he has criticized for not living up to free speech principles needs to be transformed as a private company. Twitter Inc. said in a regulatory filing on Thursday that Musk, currently the company’s biggest shareholder, has proposed buying the remaining shares […]
