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 […]
Finance Minister Dr Cassiel Ato Forson has assured banks that the government has built sufficient financial buffers to meet all Domestic Debt Exchange Programme (DDEP) obligations this year. Speaking at a high-level meeting with over 22 Managing Directors of banks, he reaffirmed the government’s commitment to fiscal responsibility and restoring confidence in the financial sector. […]
Ghana has launched the first phase of its Work Abroad Programme, with Romania as the initial destination for skilled workers. The initiative, led by the Youth Employment Agency (YEA) in collaboration with the Ghanaian-European Centre and European labour institutions, aims to provide structured employment opportunities while ensuring fair wages and safe working conditions. Speaking at […]
The Ghana cedi lost 1.57% to the US dollar on the retail market last week despite the Bank of Ghana’s intervention of US$137.35 million. This took the year-to-date loss to 2.66%. It was the second week running that the local currency slipped against the American greenback after an impressive session. The announcement of the scrapping […]
