The Ghana Union of Traders’ Associations (GUTA) has urged its members to reduce the prices of goods and services following the significant appreciation of the Ghana cedi against major trading currencies. The Ghana Union of Traders’ Associations (GUTA) has issued a strong appeal to its members to lower the prices of goods and services in...
Category: Business
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New cocoa producer price not yet out – COCOBOD
The Ghana Cocoa Board (COCOBOD) has refuted claims circulating about a new producer price for cocoa, labelling such reports as false and misleading. In an official statement issued Thursday, the Board clarified that no price adjustment has been authorized, as the required administrative framework remains incomplete. COCOBOD highlighted two critical gaps including the absence of...
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Government to Publish List of Locally-Made Items for Mandatory Procurement by State Agencies
The Government of Ghana is set to introduce a policy requiring all state agencies to procure certain essential goods exclusively from local producers. This initiative, announced by Finance Minister Dr. Cassiel Ato Forson during a meeting with the leadership of the Association of Ghana Industries (AGI), aims to strengthen Ghana’s industrial sector, create jobs, and...
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E-Levy Abolished: Parliament Gives Approval
Parliament has approved the removal of the Electronic Transaction Levy (E-Levy) as part of the 2025 budget statement. This move follows the passage of the Electronic Transaction Levy (Repeal) Bill, 2025, on Wednesday, March 26. Finance Minister Dr. Cassiel Ato Forson had previously announced the government’s plan to abolish the E-Levy, along with the 10%...
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E-Levy removal to take effect by end of March – Deputy Finance Minister
Deputy Finance Minister Thomas Ampem Nyarko has confirmed that the Electronic Levy (E-Levy) will be removed by the end of March 2025, pending approval of the 2025 budget and appropriation. Speaking on Channel One TV’s OXFAM Tax Dialogue, Nyarko stated that the removal will take effect once Parliament finalizes the budget process. He emphasized that...
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Removal of E-levy, Betting Tax poses risk to govt’s ability to achieve its revenue target – Deloitte
Professional services firm, Deloitte has said that the theme running through this year’s budget statement is the need to strike a delicate balance between macroeconomic stability and economic growth. It indicated that a key component of the government’s approach to achieving the desired macroeconomic stability is revenue mobilisation. This notwithstanding, Deloitte said, the move by...
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‘Betting isn’t ideal, but it’s solace for many’ – Felix Kwakye Ofosu defends removal of winnings tax
Government spokesperson Felix Kwakye Ofosu has defended the decision to remove taxes on betting winnings, citing the economic hardship and lack of employment opportunities faced by many young people. Speaking on JoyNews’ Roundtable, Kwakye Ofosu acknowledged that betting isn’t the most desirable activity, but it has become a means of survival for many. “We find...
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Akufo-Addo’s Gov’t Squanders GH¢195 BILLION in Dubious Contracts!
Finance Minister Dr. Cassiel Ato Forson has revealed a staggering GH¢195 billion in contracts awarded by Ministries, Departments, and Agencies (MDAs) under the previous Akufo-Addo administration . Speaking in an interview with Channel One TV on Wednesday, March 12, just a day after presenting the 2025 Budget. Dr. Forson expressed alarm at the sheer scale...
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Transforming Ghana: 24-Hour Economy and 4 Other Major Initiatives in 2025 Budget
Ghana’s 2025 Budget has unveiled five key interventions aimed at transforming the country’s economy, boosting job creation, and stabilizing national finances. These initiatives were announced by Finance Minister Dr. Cassiel Ato Forson on Tuesday, March 11, 2025. 1. 24-Hour Economy The 24-Hour Economy policy seeks to stimulate sustained economic growth by enabling businesses and institutions...
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Amin Adam Claims GOLDBOD is a Vehicle for ‘Looting’ Public Funds
Former Finance Minister Dr. Mohammed Amin Adam has made some serious allegations against the current administration, accusing them of setting up the Ghana Gold Board (GOLDBOD) as a way to misappropriate public funds. Specifically, he’s taking issue with the allocation of GH₵270 million to GOLDBOD, which he believes is not only unjustified but also a...