‘Kaya Tax’ Nonexistent
The decision by the Akufo-Addo-led government to scrap market tolls imposed on itinerant head porters (Kayayei), as announced by Minister of Finance Ken Ofori-Atta in the government’s first budget...
Tag: economy
Spare Parts Dealers To Reduce Prices Over Tax Cuts
Consumers of spare parts should expect reduction in prices of goods within the coming months. The reduction has been necessitated by the abolishing of the levy on imported spare parts. Presenting the...
SSNIT Database To Fight Ghost Names In Government Payroll
The perennial complaints by governments of public sector wage bills being inundated with corrupt practices such as false claims and ghost names will now be dealt with by the database of the Social...
Radio Host Elvis Duran Gets Hollywood Walk of Fame Star
The veteran US radio personality Elvis Duran got a star on the Hollywood Walk of Fame surrounded by family and friends as well as a surprise guest -- President Donald Trump's son Eric. The host of...
Wages, Salaries To Swallow GHC16bn – Ofori-Atta
GHS16billion will be used for wages and salaries alone in 2017, Finance Minister Ken Ofori-Atta has told parliament as he read the Akufo-Addo government’s first budget. He said GHS5.5billion would...
Africa Is Not Ready For Smart Cities
Vice President for Sale in Africa at Japanese technology company NEC, Chad Baker told Adom News in an exclusive interview at the ongoing Mobile World Congress in Barcelona that "smart cities is not...
Government Will Pay State Debts By Improving Liquidity For Banks
The Finance Minister says government would focus on improving liquidity for banks through the payment of State-Owned Enterprise (SOE) debts. Ken Ofori-Atta said government would pay debts owed banks...
Nigeria Charges Oil Majors Shell, Eni With Corruption
Nigeria's anti-graft agency on Thursday filed corruption charges against oil majors Shell and Eni over a $1.3 billion offshore block deal. The Economic and Financial Crimes Commission (EFCC) accused...
Spare Parts Dealers To Demonstrate Over 2017 Budget
Spare parts dealers in the capital, Accra are set to stage a massive demonstration over the abolishing of tax on the importation of spare parts into the country. The demonstration would involve...
Spare Parts Dealers To Reduce Prices Over Tax Cuts (Video)
Consumers of spare parts should expect reduction in prices of goods within the coming months. The reduction has been necessitated by the abolishing of the levy on imported spare parts. Presenting the...
Spare Parts Dealers Hail Government For Scrapping Import Duties
Some spare parts dealers at Abossey Okai in Accra have hailed the decision by government Some spare parts dealers at Abossey Okai in Accra have hailed the decision by government to scrap taxes on...
Major Highlights As Presented To Parliament
We will broaden the tax base while reducing and abolishing some taxes. Arrears are about GH¢7bn. Deficit is 10.3% on a commitment basis Our goal is to build the most business friendly economy in...
U.S. Jobless Claims Near 44-Year Low; Rate Hike Expected This Month
The number of Americans filing for unemployment benefits fell to near a 44-year low last week, pointing to further tightening of the labor market even as economic growth appears to have remained...
GSE: Scrapping Capital Gains Tax Will Influence Market Returns
On the Ghana Stock Exchange (GSE,) the stock market’s benchmark composite index rose by 13.21 points to close at YTD return of 10.58%. The rise in the broader market return was largely due to the...
Economy Projected To Grow By 6.3% In 2017
Government has projected a real GDP growth of 6.3 percent; with oil for the year 2017, while non-oil real GDP growth is estimated at 4.6 percent. This is compared with the 2016 GDP, based on the...
Abolishing Spare Parts Tax Will Encourage Smuggling – Seth Terkper
Former Finance Minister, Seth Terkper is warning of dire repercussions on Ghana’s economy given the reduction of taxes by the Akufo-Add led government. According to him, the reduction will only...
Oscars Accountants Sacked Over Mishap
The two accountants responsible for muddling up the main award envelopes at Sunday’s Oscars ceremony will not be employed to do the job again, the academy president has announced. Cheryl Boone...
List of Taxes Abolished and Reviewed By Government
The business community in Ghana will heave a sigh of relief following government’s announcement of key taxes it has abolished, while others have been reviewed. The cancellation of the taxes, most...
‘Kaya Tax’ Does Not Exist
The decision by the Akufo-Addo-led government to scrap market tolls imposed on itinerant head porters (Kayayei) as announced by Minister of Finance Ken Ofori-Atta in the government’s first budget...
2017 ‘Asempa’ Budget
Hon. Speaker, Honourable Members of Parliament, on the authority of President Nana Addo Dankwa Akufo-Addo, I beg to move that this Honourable House approves the Financial Policy of the Government of...