President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for an economic programme, Joy Business can authoritatively confirm. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicates that there had already been a conversation between the IMF boss, Kristalina […]
The Minister of Finance, Ken Ofori-Atta, has assured Parliament that the government and the Bank of Ghana (BoG) are on top of efforts to slowdown the depreciation of the cedi against its major counterparts. Mr Ofori-Atta said the 30 per cent in public spending this year was meant to augment policies by the central bank […]
The Majority Leader, Osei Kyei-Mensah-Bonsu has told Parliament that, the Minister of Finance, Ken Ofori-Atta is not running away from accountability as some members of the Minority caucus had claimed. Rather, the Minister of Finance had indicated to him [Kyei-Mensah-Bonsu] on Wednesday night [June 15, 2022) that, the responses he needed from the technical people […]
The government collected GH¢773.93 million in revenue from the COVID-19 Health Recovery Levy that was imposed last year. The fiscal data released by the Ministry of Finance on April 22 indicated that the amount, which was received between May and December last year, was about 12.7 per cent lower than the budget target of GH¢889.07 […]
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 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 […]
The Ghana Chamber of Bulk Oil Distributors (COBD) has forecasted an up to ¢1 per litre reduction in the price of petrol and diesel by April 1, 2022. This follows several engagements the COBD had with the Bank of Ghana (BoG) and stakeholders to fashion out interventions aimed at reducing the prices at the various […]
Cabinet has given approval for Ministers and Heads of State Owned Enterprises (SOEs) to contribute 30 percent of their salaries from April to December 2022 to the Consolidated Fund. The Minister of Finance, Ken Ofori-Atta, who announced this today [Thursday, March 24, 2022] at a press conference in Accra, commended the Council of State in their […]
The Minister of Finance, Mr Ken Ofori-Atta, has called for increased political commitment from the governments of West African states to combat illicit financial flows. He said such commitment and political will would help eliminate the criminal activities such funds were used to support. He noted that a reduction in the menace would help reduce […]
The Deputy Majority Leader has revealed that the Finance Minister, Ken Ofori-Atta, will withdraw the controversial Electornic Transactions Levy (E-levy) in Parliament and re-introduce same later. Alexander Afenyo-Markin said government will withdraw the controversial levy on Tuesday, February 15. Presenting the business statement for Parliament next week, the Effutu MP said the e-levy will be […]
The government has concluded extensive consultations with key stakeholders on the electronic transactions levy (E-Levy) to help build consensus around the passage of the revenue measure. It has also secured the blessing of telecommunication companies (telcos) on the levy in the spirit of burden sharing, which has caused the firms to agree to shave off […]
The Ghana Revenue Authority (GRA) has stepped up efforts to ensure that all tax defaulting companies honour their obligations to the state in order for the authority to meet its revenue target for the year. Consequently, the authority has ordered seven directors of three companies to report to its Domestic Tax Division for discussions on […]
