The Ghana Cocoa Board (COCOBOD) has announced that the producer price of cocoa will remain unchanged for the 2025/2026 season. This is despite regional price adjustments and ongoing market volatility. In a letter dated April 8, addressed to the Licensed Cocoa Buyers’ Association of Ghana (LICOBAG), COCOBOD stated that the decision was based on a […]
US President Donald Trump is ripping up the rulebook on trade that has been in place for more than 50 years. His latest round of sweeping tariffs, which came into force shortly after midnight on Wednesday, hits goods from some of America’s biggest trading partners, including China and the European Union with dramatic hikes in […]
The US Commerce Secretary has defended the country’s decision to impose tariffs on a group of uninhabited islands, which are populated only by penguins and seals. The imposition of tariffs on the Heard and McDonald islands was meant to close “ridiculous loopholes” and would prevent other countries from shipping through the islands to reach the […]
The end of the era of the Electronic Transaction Levy, commonly called E-Levy, kicked in fully on Thursday as the Ghana Revenue Authority (GRA) sanctioned its reversal upon the President’s assent of the Bill that abolished the levy. The Ghana Revenue Authority (GRA) has since reaffirmed that the E-Levy has been officially abolished as of […]
U.S. President Donald Trump has unveiled a historic set of tariffs, including a 34% levy on Chinese imports and a 20% tax on European Union goods, marking a sharp escalation in global trade tensions. Speaking from the Rose Garden, Trump declared a national economic emergency, justifying the tariffs as a means to boost domestic manufacturing […]
The Ghana Revenue Authority (GRA) has officially announced the abolition of the controversial 1% Electronic Transfer Levy (E-Levy). This follows the President’s assent to the Electronic Transfer Levy Act, 2022 (Act 1075) and its Amendment Act, 2022 (Act 1089) earlier today. With immediate effect from midnight, April 2, 2025, all financial institutions and payment platforms […]
The World Bank has issued a definitive statement dispelling speculation about the status of its funded projects in Ghana. In a brief but crucial communication released today, the global financial institution stated unequivocally, “No projects in the World Bank-financed portfolio in Ghana are currently suspended.” This clarification comes amidst recent concerns and reports suggesting that […]
Forbes has released its 2025 Billionaires List, showcasing Africa’s wealthiest individuals, with business moguls Aliko Dangote, Johann Rupert, Nicky Oppenheimer, and Mike Adenuga making the cut. The annual ranking, published on Saturday, reveals that Africa now boasts 22 billionaires, with their collective wealth soaring to $105 billion—up from $82.4 billion in 2024. This surge has […]
The Management of A&C Mall has assured customers whose vehicles were affected by the recent structural damage at its carport that all necessary repairs will be fully covered by its insurers. This comes after a heavy rainstorm accompanied by strong, gusty winds and lightning late Tuesday afternoon caused destruction across Accra. At the A&C Mall […]
US President Donald Trump has announced new import taxes of 25% on cars and car parts coming into the US in a move that threatens to widen the global trade war. Trump said the latest tariffs would come into effect on 2 April, with charges on businesses importing vehicles starting the next day. Charges on […]
Parliament has approved the repeal of the controversial Electronic Transaction Levy (E-Levy), marking a significant policy shift in the country’s digital taxation. The decision follows the passage of the Electronic Transaction Levy (Repeal) Bill, 2025, on Wednesday, March 26, 2025. The E-Levy, which was first introduced in March 2022 under the previous New Patriotic Party […]
The Ghana Association of Banks president, Kwamina Asomaning, has made a strong case for heightened ethical training in the banking sector, stressing the need for mandatory programs to combat fraud and unethical behavior among bank staff. Speaking on PM Express Business Edition on Joy News, the Managing Director of Stanbic Bank Ghana did not mince words about […]
