The average interest banks charge on loans and advances has seen a drop for the third time running, according to the central bank’s latest monthly Annual Percentage Rates (APR) and Average Interest...
The industry average for vehicle loans has however dropped from 35 percent in February to 34.2 percent in March 2017, the latest Annual Percentage Rates and Average Interest report by the Bank of...
An Account Clerk with Adonteng Community Bank in the Eastern region has been charged with 98 count of offences for allegedly stealing bank deposits of 98 customers to the tune of Ghc182,303.63. The...
The Chairman of the Spare Part Dealers Association at Abossey-Okai in Accra, Samuel Siaw Ampadu, says government officials “who wear suits and coats think because we are ‘dirty’ we do not know...
The US$95 million Kumasi City Mall, officially opened for business today , drawing a lot of excitement by shoppers in the nation’s second largest city. Spread on a 15.4-acre stretch of land, it...
Members of the Board and Management of Bank of Africa Ghana have paid a courtesy call on President Nana Akufo-Addo at the Flagstaff House to pledge the bank’s support to the government in...
Susu collection is one of Ghana’s most ancient traditional banking systems. In the Akan language, the term ‘Susu’ means “small small” as to indicate the saving contribution paid on a daily...
The NPP government has with immediate effect, through the Ghana Revenue Authority (GRA) abolished the Value Added Tax (VAT) charged on all financial service transactions in the country. GRA in a...
The Bank of Ghana (BOG) has urged financial institutions and stakeholders within the industry to embrace regulatory requirements as they are key to a healthy financial sector. According to the BOG,...
The Ghana Revenue Authority has directed financial institutions to immediately desist from charging VAT on financial services. This follows government announcing some tax reliefs including abolishing...
The average interest offered by banks on customer deposits has dropped by about 0.4 percent between February and March this year. The figure declined from 11.6 percent as at end of February 2017 to...
The Ghana Revenue Authority (GRA) has directed all financial institutions to discontinue charging VAT on financial services after Finance Minister, Ken Ofori-Atta announced its abolishment in the...
The banking industry average base rate as at the end of March stood at 26.7 per cent, data from the Bank of Ghana has shown. The data indicates a drop of 0.9 per cent in the base rate from the month-...
The National Pensions Regulatory Authority (NPRA), has reduced its exorbitant informal sector scheme registration fees from GHC5,000.00 to GHC1,000.00 to attract and encourage high participation of...
The Ghana Revenue Authority (GRA) has warned financial institutions to discontinue charging Value Added Tax (VAT) on financial services. Acting GRA Commissioner-General, Emmanuel Kofi Nti, in a...
The Acting Commissioner-General of the Ghana Revenue Authority (GRA), Emmanuel Kofi Nti, has written to all banks operating in Ghana to discontinue forthwith the charging of taxes on financial...
Tax cut is intended to some relieves to financial institutions The Ghana Revenue Authority (GRA) has discontinued the 17.5% Value Added Tax (VAT) imposed the on financial service in the country....
The Private Enterprise Federation (PEF) has lauded government for taking steps in its first 100 days to help create an enabling environment for private sector growth and development. According to...
I have to state with great pain and sorrow that there is no better critical indicator that the future of Ghana is bright under the Nana Addo led NPP government. Having followed closely events...
Some 26,589 public sector workers will not receive their salaries due to their failure to register on the new Social Security and National Insurance Trust (SSNIT) biometric system. This is because...
