08. August 2022
August 3, 2022

The government is seeking to raise GH¢750 million in Ghana following the passage of the Value Added Tax Amendment bill, which introduces the E-Vat policy. The tax measure broadens the scope of the existing laws to cover electronic commerce, provides for the electronic issuance of a tax invoice, upfront payment of Value Added Tax by […]

July 20, 2022

The Vice President, Dr. Mahamudu Bawumia, has reiterated his conviction in the indispensable role technology plays in the transformation of economies in the 21st Century. Speaking at the launch of the Ghana Electronic Pharmacy Platform (ePharmacy) – Africa’s first national-scale ePharmacy in Accra on Monday, the Vice President, who has been credited with Ghana’s on-going […]

July 14, 2022

An International Monetary Fund (IMF) staff team led by Carlo Sdralevich has concluded its first visit to Accra, Ghana, to assess the current economic situation and discuss the broad lines of the government’s Enhanced Domestic Program that could be supported by an IMF lending arrangement. The IMF team met with H.E. Vice President Bawumia, Finance […]

July 6, 2022

On Friday July 1, government announced President Nana Addo Dankwa Akufo-Addo has directed the Minister of Finance, Ken Ofori Otta, to roll Ghana on an IMF programme to help fiscal consolidation. Ghana’s latest return to the Fund follows unprecedented global economic crisis emanating from the covid-19 pandemic and the more recent Russia-Ukraine war. Ghana is listed among several […]

July 6, 2022

Officials of the International Monetary Fund (IMF) will commence negotiations with the government today on a possible programme to support Ghana’s homegrown economic policies. The IMF team – led by the Mission Chief for Ghana, Carlo Sdralevich – will have in-person meetings with the Finance Ministry, the Economic Management and the Presidency from July 6 […]

July 6, 2022

A former Chair of Parliament’s Finance Committee, Mark Assibey-Yeboah, has asked the government not to take negotiations with the International Monetary Fund for granted. “We should be careful about negotiating a programme,” he told Umaru Sanda Amadu on Face to Face on Citi TV. A delegation from the IMF is scheduled to start talks with the Ghanaian government […]

July 5, 2022

The Finance Ministry has disclosed that government will not terminate the 1.5% levy on electronic transactions, despite its application to the International Monetary Fund (IMF) for economic assistance. This was contained in a statement from the Ministry on Tuesday, addressing key questions regarding government’s ongoing engagement with the Fund. Regarding the controversial levy, the Ministry […]

July 5, 2022

Former Finance Minister, Seth Terkper, does not think Finance Minister Ken Ofori-Atta will have a problem engaging the International Monetary Fund (IMF), despite his opposition to the bailout programme. Though Mr. Ofori-Atta has spoken of his preference for local solutions to Ghana’s revenue challenges, Mr. Terkper said these do not constitute a formal opposition to […]

July 1, 2022

Chief Executive of the Ghana Enterprises Agency, Kosi Yankey Ayeh, has disclosed that about ¢520 million have been invested into the Micro, Small and Medium-scale enterprises sector in the last three years. According to her, this has been able to elevate some sector players to new levels of their businesses. Speaking at the launch of […]

June 29, 2022

Former Finance Minister, Seth Terkper has described the Electronic Transfer Levy (E-levy), as an overhyped revenue generation policy. According to him, many Ghanaians are now trying to find ways to avoid paying the levy. The E-levy, which was amended from 1.75% to 1.5% is a tax that applies to electronic money transfers, including wallet-to-bank, bank-to-wallet […]