Thursday , March 28 2024 1:20 pm

Business

Cedi begins September selling at GH¢11.65 to $1, GH¢11.02 on BoG interbank

Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra. The Interbank forex rates from the Bank of Ghana today, September 1, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price …

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President Akufo-Addo inaugurates 5-member ex-gratia committee

President Nana Addo Dankwa Akufo-Addo has inaugurated a five-member committee for ex-gratia. The committee’s duty will be to determine the emoluments and privileges of Article 71 officeholders. It will also consider salaries and allowances of political office holders or any other offices the Committee deems fit per the constitution. The committee members …

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I will not allow this economy to collapse under my watch’ – Akufo-Addo’s 2017 tweet pops up

In 2017, President Nana Addo Dankwa Akufo-Addo promised that he would not allow the Ghanaian economy to collapse under his watch.Delivering his State of the Nation Address before parliament on February 21, 2017, President Akufo-Addo said his government will significantly reduce the fiscal deficit in that year.But fast forward to 2023, the …

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Excise duties on sweetened juices, spirits and tobacco products expected to reduce Ghana’s health bill

The Ghana Revenue Authority has said that the introduction of excise duties to cover sweetened juices, wines and liquors, and e-cigarettes among others falls within the government’s overall objective to reduce the health bill. Basically, the government through the GRA has imposed additional excise duties on these products and made …

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Reduce E-Levy to boost digital payments – Eric Kortey to government

To help increase digital adoption in the country; especially within the business community, the General Manager of Cellulant Ghana Limited, Eric Kortey, has noted that some barriers need to be addressed. He stated that to boost digital payments, government must reduce the charges on electronic transfers [E-Levy]. The reduction in …

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MTN plans to reduce Mobile Money charges to promote digital payment adoption

Mobile Telecommunications Network (MTN) says it has considered reducing its prices paid as charges within the Mobile Money space to attract more users and promote digital payments adoption in Ghana. With about 14 million active Mobile Money users as of June this year, MTN’s Mobile Money Limited strategy is to …

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New betting taxes in line with global practice – GRA

The Ghana Revenue Authority has intimated that the new betting taxes being implemented are in line with global practice. The Revenue Authority has also said that these new taxes are in line with the government’s goal to ensure that every income earner is brought into the tax net. This message was resounded …

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Over 90% of Cocoa Bills tendered for exchange programme

Over 90% of holders of Cocoa Bills have been tendered for exchange in the new Government of Ghana exchange programme. This the Minister of State at the Ministry of Finance, Dr. Mohammed Amin Adams, has described as a huge success for the state as it looks forward to use the …

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If E-levy has become a nuisance tax, scrap it – Dr Duffuor tells government

A former Finance Minister, Dr Kwabena Duffuor has advised the government to scrap the Electronic Transfer Levy (E-Levy) if it is not raking in the needed revenue. According to him, there is no need for the government to keep such a tax.  In an interview with Citi TV on Wednesday, …

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GNPC-Genser energy deal must be reviewed to ensure equity – Minority

The Minority has raised concerns about the GNPC-Genser energy deal in its current form which it said is biased toward other industry players and is therefore calling for transparency in gas pricing in the country. The Caucus through former deputy Energy Minister and Deputy Minority Leader, Emmanuel Armah-Kofi Buah called …

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