‘No more E-Levy, effective immediately’ – GRA orders compliance with tax abolition

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 […]

‘No suspended projects in Ghana’ – World Bank clarifies

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 List: These are the richest people in Africa

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 […]

Parliament repeals E-Levy; Bill awaits Presidential assent

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 […]

‘Love of money is root of all evil and banks must fight that evil’ – Association of Banks president

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 […]