targets daily minimum wage of at least US$1.90
As workers are experiencing one of the steepest declines in real wages in recent years - with the national minimum wage now falling below US$1 per day due to excessive depreciation of the cedi - the Trades Union Congress (TUC) has...
Finance Minister Ken Ofori-Atta has disclosed in the 2023 budget that as part of measures to boost local productive capacity, government intends to cut the imports of public sector institutions which rely on them - either for inputs or consumption - by 50 percent.
This, he said, will be enforced...
Stakeholders and players in the micro-credit sector have committed to supporting growth of the micro, small and medium enterprises (MSMEs) in their bid to lead the country’s post-COVID-19 economic recovery efforts.
With over 90 percent of businesses in the country being MSMEs, contributing collectively to about 70 percent of the...
VAT rate up by 2.5%
E-levy drops to 1%
Deficit projected at 7.7% of GDP
Amid repeated criticism over its use of public funds, particularly with regard to its outlay on number of appointees as well as allegiance to its flagship programmes, government has promised enhanced fiscal discipline and...
The Social Security and National Insurance Trust (SSNIT) has made pension payments totalling GH¢3.06billion to pensioners in the first 11 months of this year.
The data show that the number of pensioners now stands at over 232,000 as of November 2022.
Due to non-renewal of pensioner certificates from April 2018 to...
In addressing the country’s current debt, which is at an unsustainable level, Finance Minister Ken Ofori-Atta has announced that government will implement a debt exchange programme to address challenges identified in the debt portfolio.
Provisional debt data as at end-September 2022 show a significant increase in the country’s public debt,...
Gov’t removes daily threshold
Reduces rate to 1%
Government has decided to remove the GH¢100 daily threshold on the Electronic Transfer Levy (E-levy) and reduce the headline rate from 1.5 percent to 1 percent.
The Finance Minister, Ken Ofori-Atta, revealed this in his presentation to parliament of the 2023 Budget...
company adjudged ‘Best Company in Promoting Arts & Culture’
Astute industrialist and Chief Executive Officer of JRA Cosmetics Limited, Ms. Jane Reason Ahadzie, has been honoured as ‘Humanitarian of the Year’ at the annual Sustainability and Social Investments Awards’ sixth edition held over the weekend in Accra.
Her company, JRA...
In line with efforts to ensure access to affordability and sustainability - as per the United Nations Sustainable Development Goal 7 - CalBank, Agence Française de Développement (AFD), SUNREF, European Union (EU) and Energy Commission have launched energy-efficient motorbikes assembled by Solar Taxi under the SUNREF programme.
In an interview...
As part of efforts to support the participation of the senior national team, the Black Stars, in the ongoing FIFA World Cup in Qatar, Ghana Exim Bank (GEXIM) has rolled out a campaign to promote trade and the patronage of Made-In-Ghana products dubbed, “Think Soccer, Think Trade”.
Announcing the initiative,...
