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Monday, April 19, 2021
The world's biggest online retailer - China's Alibaba - has been hit with a record fine equivalent to $2.75bn (just over £2bn). Regulators in China said the internet giant had abused its dominant market position for several years. In a statement,...
Second Deputy Governor, Bank of Ghana (BoG) Mrs. Elsie Addo Awadzi, has underscored the importance of technology in financial transactions following the outbreak of the coronavirus pandemic. Speaking at a joint AFW2/MCM virtual regional workshop on the theme “Building Fintech...
Parliament will on Monday approve the nomination of Ken Ofori-Atta as finance minister by voice vote. It comes after the nominee was approved by consensus by the Appointments Committee after he was grilled for two days. The report of the Committee...
Finance Minister Designate, Ken Ofori Atta has re-emphasized government’s position to resubmit the Agyapa Royalties transaction to parliament for scrutiny and approval as stated by President Akufo-Addo in his State of the Nation Address. According to him, the Agyapa...
The Association of Ghana Industries (AGI) is alarmed at the government’s newly proposed taxes as outlined in the 2021 Budget Statement and Economic Policy. It fears these taxes introduced will have a huge toll on the business community particularly at...
International Auditing Firm, KPMG says the yet to approved new taxes are a necessary evil as the government strives to engineer the recovery of the economy following the impact of the COVID-19 pandemic. In an interview with Citi Business News on the...
The Ministry of Trade and Industry has stated that it is taking the necessary steps to help increase the stock of various made in Ghana goods on the shelves of supermarkets in the country. This follows a recent survey by...
The Finance Minister-designate, Ken Ofori-Atta, has justified the proposed new taxes in the 2021 budget. Osei Kyei-Mensah-Bonsu, the caretaker Finance Minister, while delivering this year’s budget statement announced moves to impose taxes on fuel, i.e. 10 pesewas per litre for...
The government has justified the introduction of three levies in the 2021 budget statement. The Energy Sector Recovery Levy, Covid-19 Health Levy, and Sanitation and Pollution Levy are some of the revenue generation measures announced by the Caretaker Finance Minister...
The price of Petroleum products will go up by 5.7% in the coming days, Caretaker Finance Minister Osei Kyei-Mensah-Bonsu told Parliament today during the 2021 budget presentation. “I should note that on the basis of existing world crude oil prices,...
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