The Value Added Tax Amendment bill that will see the removal of taxes on lottery earnings has been laid before Parliament by the Deputy Finance Minister, Kweku Kwarteng.
Government hitherto collected 5% tax imposed on all lotto winnings exceeding GH₵2,592, following a re-classification of lotto as an investment activity under the...
Indigenous airline, Africa World Airlines (AWA), the only airline currently providing domestic air services in the country, has increased its flight frequency between Accra and Kumasi, and Accra-Tamale, to help meet the increased demand.
This follows the suspension of operations of Starbow–the second domestic airline operator.
AWA has increased its Accra-Kumasi-Accra...
The Dutch Minister for Foreign Trade and Development Cooperation, Ms Sigrid Kaag visited Ghana on Monday, November 27,2017. Since her assumption of office some weeks ago, Ghana is the first African country she has visited.
The purpose of her visit was to reaffirm and further strengthen the excellent relations between...
The Ghana Revenue Authority (GRA) has hinted of plans to further digitise tax payments through mobile money services, as part of efforts to boost tax collection as well as increase informal sector contributions to tax revenue.
The tax authority believes the innovation, which is still under consideration, will facilitate tax...
The Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana is pleased to issue its official opinion on the 2018 Budget Statement and Economic Policy presented by the Minister of Finance to the Parliament of Ghana on Wednesday 15, November, 2017.
The Akufo-Addo Government presented its...
Danish investors who trooped into the country last week, with Queen Magarethe II of Denmark, have shown interest to invest in government’s flagship One District, One Factory programme.
In an interview with the B&FT at a forum organised last week as part of the visit, CEO of the Ghana Investment...
The central bank Governor Dr. Ernest Addison has said a longer period of “sustainability” is needed before commercial banks’ lending rates will trend downwards to reflect the central bank’s loosening of monetary policy.
With the Monetary Policy Committee of the central bank reducing its policy rate by 100 basis points...
Tax and Audit consultancy PricewaterhouseCoopers has said the 2018 budget statement and economic policy offers businesses the breathing space to focus on boosting their growth.
Speaking at PwC’s post 2018 budget forum, its Senior Country Partner, Vish Ashiagbor, said the budget “gives certainty and clarity to businesses so they can...
Credit ratings agency Moody’s has warned that Ghana faces a severe risk of financing stress as a number of sovereign bonds issued by government in the past few years reach their maturity in the early 2020s.
According to a report issued by the ratings agency, Ghana faces principal payment worth...