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 […]
The food giant that owns the Cadbury brand is embroiled in fresh allegations of employing child labour after an investigation obtained footage of children working with machetes on cocoa farms in its supply chain, the Guardian has reported. According to the UK website, Children as young as 10 have allegedly been found working in Ghana to harvest […]
The persistent rise in the prices of petroleum products at the pumps in the last couple of months will now be a thing of the past, the Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, has assured. This follows the major intervention by the Bank of Ghana (BoG). The central […]
The Ghana Revenue Authority (GRA) has highlighted the entities responsible for deducting the yet-to-be-implemented Electronic Transfer Levy (E-Levy). According to the Authority, as of May 1, fast approaches, and the entities designated to make such deductions are prepping themselves to ensure that the new tax policy is implemented smoothly. A Head of Compliance, Domestic Tax […]
The management of the Ghana Grid Company Limited (GRIDCo) has assured the public that the reconstruction works it started recently will not lead to load shedding, popularly known as ‘Dumsor’. A joint statement issued by GRIDCo and the Electricity Company of Ghana (ECG) in Accra yesterday said reconstruction work on GRIDCo’s transmission lines had commenced […]
The Vice President, Dr Mahamudu Bawumia, has reaffirmed the Akufo-Addo Government’s commitment to its vision of transforming Ghana despite the global economic challenges which have wrought dire straits on the country’s fortunes. Speaking at the Pentecost Convention Centre, Millennium City, Kasoa, on Thursday, (April 7, 2022), Dr Bawumia said the Akufo-Addo government has been focused […]
The Ghana Revenue Authority (GRA) will soon launch a tax filing mobile application to enable the public to file tax returns and also receive tax clearance certificates. The Vice-President, Dr Mahamudu Bawumia has explained that the App will help to deal with fake take clearance certificates in the system. The Vice President who was speaking at […]
The Vice-President, Dr Mahamudu Bawumia is of the view that the digitalisation of various sectors of Ghana’s economy has greatly helped to reduce corruption. For him, “[it] has dealt a big blow to corruption” and that the government will continue to digitalise the remaining sectors of the economy. Dr Bawumia was speaking at a public […]
Since the easing of the COVID-19 restrictions in the country last year, domestic air travel has increased, recording the highest patronage in the last eight years, data from airport authorities have indicated. According to the Ghana Airports Company Limited (GACL) and the Ghana Civil Aviation Authority (GCAA), domestic passenger flows (throughput) jumped from 423,718 in […]
The Nissan Motor Corporation, in collaboration with its local partners, has commissioned a $9 million assembly plant to produce vehicles in the country. The Nissan Assembly Plant in the Industrial City, Tema, which has the capacity to produce 11,593 units of vehicles per shift per annum, is a partnership between Japan Motors of Ghana and […]
