The Chairman of Parliament’s Finance Committee, Kwaku Kwarteng, says should the government assess that the e-levy is not a helpful policy, it will be withdrawn. His comment comes on the back of a tweet by a leading member of the New Patriotic Party (NPP), Gabby Otchere-Darko, which said the e-levy is not living up to government expectations. He disclosed that ...
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US Senate passes first gun control bill in decades
The US Senate has passed a gun control bill – the most significant firearms legislation in nearly 30 years. It imposes tougher checks on young buyers and encourages states to remove guns from people considered a threat. In a rare bipartisan breakthrough on gun control measures, 15 Republicans joined Democrats in the Senate to approve the bill. It still needs ...
Read More »E-Levy: 8 out of 10 Ghanaians have changed MoMo transaction behavior – Study
Majority of Ghanaians are said to have changed their behavior towards the electronic transfer of funds since the E-Levy kicked in back in May this year. According to a study, 83% of the populace felt compelled to do so in order to adjust to the limits introduced by the said levy as far as their livelihoods are concerned. These were ...
Read More »World Trade Centre Accra announces partnership with Altkom Akademia to offer Life Professional Education in Africa
World Trade Centre Accra (WTC Accra) has partnered with Altkom Akademia to offer live professional education and capacity-building programmes in West Africa over a digital platform. WTC Accra is an essential facilitator of trade and investment in Ghana and operates as a member of the World Trade Center Associations global network. WTC Accra also conducts corporate training and capacity-building programmes ...
Read More »No need to panic over fuel shortage concerns – Senyo Hosi
The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi, has said Ghana has enough fuel stock to last a month amid fuel shortage concerns. Speaking on the Citi Breakfast Show, Mr. Hosi said there was no need to panic. “We have enough stock to keep us stable and actually buy us enough time to fix the ...
Read More »Lawyer pushes for prosecution at BoG over management of cedi
A lawyer, Dr. John Baiden, is pushing for the Attorney General to cause prosecutions at the Bank of Ghana (BoG) over the perceived mismanagement of the Ghana cedi, which continues to lose value against the dollar. He has petitioned the Attorney General and said, “the Bank of Ghana has compromised the Ghana Cedi. It is out of line and must ...
Read More »Ghana likely to go back to the IMF – Economist
Ghana is likely to return to the International Monetary Fund (IMF) for support, an economist, Dr Adu Sarkodie has said. He says if this finally happens, it will affect some of the government’s programmes such as the free Senior High School, Nation Builders Corps (NABCO), and others. “We are likely to go back to the IMF. I don’t like it when we ...
Read More »Prez Akufo-Addo charges the private sector to help with Ghana’s economic recovery
As the Ghanaian economy strives to rebound to pre-pandemic levels, the Government is urging the private sector to come up with innovative products and services to satisfy the needs of their markets. The remarks come at a time when businesses are complaining of high cost of production in the country which is affecting the competitiveness of Ghanaian businesses. Data from ...
Read More »COVID-19 Trust Fund releases GH¢1.8m for research into coronavirus herbal medication
The COVID-19 National Trust Fund has advanced an amount of GH¢1.8 million to the Centre for Plant Medicine Research for the possible production of herbal medication for coronaviruses. The fund says the use of unorthodox medicines has become important following the spike in COVID-19 cases. Speaking at a signing ceremony at the Jubilee House, Chairperson of the Fund, Sophia Akuffo, ...
Read More »Inflation hits 27.6% in May
Ghana’s Consumer Price Inflation accelerated to 27.6% year-on-year in May from 23.6% in April hitting a new 18-year high, the Statistical Service said on Wednesday, June 8, 2022. This means that in the month of May 2022, the general price level was 27.6% higher than in May 2021. The Ghana Statistical Service figures also indicated that month-on-month inflation between April ...
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