Business

Mobile money Association of Ghana has petitioned the Minority Caucus in Parliament to ensure the new Electronic Transaction Levy (E-Levy) is rejected when it is put before the house. According to the group, the analysis they did on the E-levy following its introduction in the 2022 budget shows its implementation will pose a challenge not only to Ghanaians and agents ...

The Ghana Statistical Service (GSS) has revealed in the COVID-19 Households and Jobs Tracker Wave 3,  that borrowing became more frequent coping strategy in Ghana last year. Approximately eighty-seven percent, 86.7%, of households used some sort of coping strategy to deal with the negative effects of COVID-19 since March 2020, the tracker said. “The most common coping strategies included relying on savings ...

Newmont Ghana has said it is supporting the relief efforts for the victims of the tragic explosion that occurred at Appiatse on Thursday, 20th January 2022 with construction materials and consumables. The donated items including roofing sheets, iron rods, cement, and other consumables were donated in response to the government’s call to support the rebuilding of the Appiatse community. “We ...

The central bank has directed all financial institutions to only accept Ghana Cards for all transactions. The Bank of Ghana (BoG) explained that this order takes effect from July 1, 2022. This is pursuant to Regulation 7 of the National Identity Register, 2012 (L.I. 2111). “…with effect from July 1, 2022, the Ghana Card shall be the only identification card ...

As the era of cheap money draws to an end, bondholders are no longer prepared to cut Ghana any slack. The West African nation’s dollar bonds have slumped 10% in 10 days, moving deeper into distressed territory as investors judge that re-financing debt in the Eurobond market won’t be an option when the Federal Reserve hikes rates and budget targets ...

Emirates has lifted the travel ban that was placed on selected African countries including Ghana. The lifting of the ban starts today Thursday, January 13. A statement said “With effect from 13 January, Emirates will resume passenger services to and from Guinea, Cote D’Ivoire, Ghana, Uganda, and Angola. “Passengers travelling from Guinea, Uganda or Ghana with final destination DXB require ...

The government has given a March 31, 2022 deadline for all Ghanaians to link their SIM cards to their Ghana Cards or the former will be deactivated. Everyone is currently rushing to beat the deadline but it would appear the system itself is dragging the process and threatening to deny people of their access to communication service come March 31. ...

Thousands of Zimbabweans lined up outside banks and currency exchange offices across the country on Thursday, some for days, in a desperate bid to get cash before Christmas. Most are unlikely to succeed as the inflation-ravaged southern African country facing a severe shortage of foreign currency, preventing many Zimbabweans from returning home for the holidays or buying Christmas presents. In ...

The government in conjunction with the Bank of Ghana is going to start a deliberate gold purchase programme that will target purchasing gold from the small-scale mining sector. The purchasing of gold from the small-scale mining sector follows some persuasion of the Central Bank by the government. Making the assertion at the Responsible Small Scale Mining Awards held in Accra, the Vice-President, ...

Economist and Senior lecturer at the University of Ghana, Professor Lord Mensah, has maintained that the economy will not come crashing down if the government fails to get the E-Levy bill passed. He stated that although he fears that the lack of consensus-building in Parliament on the government’s fiscal programme could stall the government’s agenda, he insists there is no cause for ...