Category: Business

The Ghana Revenue Authority (GRA) has assured to reimburse mobile money customers who are wrongfully overcharged following the implementation of the 1 percent levy on electronic transfers. The reduction of the Electronic Transfer Levy (E-Levy) from 1.5 to 1 percent commenced on Wednesday, January 11. The reduction of the levy was made known in the...

The Ghana Statistical Service has pegged the inflation rate for December 2022 at 54.1 percent. This means that in the month of December 2022, the general price level was 54.1% higher than in the same period in 2021. At 59.7%, food inflation was the highest inflation rate for December 2022, soaring past the 55.3% recorded...

The Ghana Chamber of Telecommunications says it will commence the implementation of the revised Electronic Transfer levy (E-Levy) rate of 1% from today, Wednesday, January 11, 2023. The government presenting the 2023 Budget and Economic Policy Statement, reviewed the 1.5 percent electronic transaction levy downwards to 1 percent effective January 2023. The reduction has also...

Following the directive from the Commissioner General of the Ghana Revenue Authority (GRA), the implementation of the revised Electronic Transfer Levy (E-Levy) rate of 1% by mobile service providers will begin from tomorrow January 11, 2023. The service providers are Airtel Mobile Commerce (Ghana) Limited, GCB G-Money, Mobile Money Limited, Vodafone Mobile Financial Services Limited...

The Ghana Union of Traders Association has appealed to President Nana Addo Dankwa Akufo-Addo to appoint a person of the same stature as Mr Alan Kyerematen to be the next Minister of Trade and Industry following the resignation of Mr Kyerematen. The union indicated that Mr Kyerematen did an excellent job while in office therefore, they expect the new substantive...

The Chamber of Petroleum Consumers (COPEC) Ghana, is demanding a significant reduction in the prices of Liquefied. Petroleum Gas (LPG), after prices of some petroleum products dropped in the recent pricing window. The Chamber’s call is coming at a time, prices of diesel and petrol went down by about 8 percent on January 1, 2023....

Fund management company Databank will reopen its independent branches on January 10, 2023 – the first time since December 22, 2022, following a shutdown resulting from physical and verbal attacks on its staff by some of its clients. The staff of the fund management company have been working remotely and engaging clients on digital platforms...

The Director of Business Operations at Dalex Finance, Joe Jackson, has urged the government to expedite negotiations on the debt exchange programme by the end of January 2023 or the country will be heading for “doomsday”. Speaking on the Citi Breakfast Show on Wednesday, January 4, Mr Jackson said the government must change its approach...

The Ghana Union of Traders Association (GUTA) has commended the Bank of Ghana (BoG) and the government for the efforts at stabilizing the value of the Cedi. GUTA urged the bank and the government to continue with more efforts to sustain the programme and bring reliefs to businesses. “As the value of the Cedi begins to appreciate,...

The Director of Communications for the New Patriotic Party (NPP) Mr Richard Ahiagbah has appealed to transport owners and businesses to readjust the prices of their goods and services to reflect the reduction in fuel prices. In his view, light is appearing at the end of the tunnel following the reduction in fuel prices. The...