The Ghana Revenue Authority (GRA) has engaged taxpayers in Accra to explain recent reforms to the Value Added Tax (VAT) regime and address concerns about its implementation. The session, held at the Airport View Hotel, brought together business owners, professionals, and other stakeholders to discuss the new VAT Act and its implications for compliance. Officials...
Category: Business
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TUC, PUWU Insist ECG Can Thrive Without Privatization
The Trades Union Congress (TUC) and the Public Utility Workers’ Union of Ghana (PUWU) maintain that the sharp rise in revenue at the Electricity Company of Ghana (ECG) proves the utility can be revitalized without privatization—provided workers are adequately supported and management is held to clear, enforceable targets. Speaking at a press briefing on the...
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IPGs Confirm Settlement of Legacy Arrears, Reaffirm Commitment to Ghana’s Energy Stability
The Independent Power Generators (IPGs), Ghana, have confirmed the settlement of a substantial portion of long-standing payment arrears owed to power generation companies, describing the development as a major milestone toward restoring stability and confidence in the country’s energy sector. In a statement issued on Monday, the IPGs commended the Government of Ghana, through the...
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BoG Governor Defends Gold-for-Reserves Policy, Confirms End of Gold-for-Oil Programme
The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has mounted a firm defence of the central bank’s new direction in mineral resource management, stressing the need to safeguard the Gold-for-Reserves initiative while admitting that key reforms are required to clear operational hurdles. Appearing before Parliament’s Public Accounts Committee (PAC) on Monday, January...
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Domestic Gold Purchase Programme Records Billions in Losses – Bank of Ghana
The Bank of Ghana has confirmed significant financial losses under the Domestic Gold Purchase Programme (DGPP), contradicting claims by the NPP Minority Caucus that the initiative incurred no losses since its inception. In a formal response dated January 12, 2026, to a Right to Information (RTI) request from Asempa FM, the central bank provided audited...
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Government Clears $1.47 Billion Energy Sector Debt, Restores Stability and Credibility
The Government of Ghana, under the leadership of President John Dramani Mahama, has decisively resolved the crippling energy sector debt that had posed one of the gravest risks to the nation’s financial stability. When President Mahama assumed office in January 2025, the energy sector was on the brink of collapse following years of persistent non-payment...
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Ghana, U.S. Reaffirm Strong Trade and Investment Partnership
Ghana and the United States have reaffirmed their commitment to deepening trade and investment ties following high-level discussions in Washington, D.C. On Wednesday, January 7, 2026, Ghana’s Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, together with Ghana’s Ambassador to the United States, H.E. Victor Emmanuel Smith, met with U.S. Trade Representative Jamieson Lee...
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SSNIT Raises Pensions By 10% With Boost For Low-Income Retirees
The Social Security and National Insurance Trust (SSNIT) has increased monthly pensions by 10 per cent for 2026, with the adjustment designed to provide greater relief for pensioners on lower incomes. Under the new indexation, all pensioners on the SSNIT Pension Payroll as of December 31, 2025, will receive a fixed increase of six per...
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Minority Accuses Mahama Government of US$214m Loss in Gold-for-Reserves Programme
The Minority in Parliament has accused the Mahama administration of recklessly expanding the Gold-for-Reserves initiative, blaming the government for what it describes as a US$214 million loss recorded within nine months. Addressing the press on Thursday, January 8, Deputy Minority Leader and Member of Parliament for Asokwa, Patricia Appiagyei, said the development reflects a major...
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Ghana Ends 2025 with Record Low Inflation, Signaling Economic Stability
Ghana wrapped up 2025 with a significant economic milestone as headline inflation dropped to 5.4% in December, marking the twelfth consecutive month of decline. This latest figure represents a sharp fall from 6.3% in November and a dramatic year-on-year drop from 23.8% in December 2024. The Ministry of Finance described the development as a major...