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Economy
Government introduces VAT on excess electricity consumption
In a notable fiscal policy shift, Ghana’s Finance Minister, Ken Ofori-Atta, has mandated the implementation of Value Added Tax…
Cedi’s performance remained unchanged to dollar in first week of 2024; one…
The Ghana cedi traded unchanged against the US dollar last week at a mid-rate of GH¢12.18/$ on the retail market.
The same…
“We need to manage a tight fiscal consolidation” in an election year – Dr.…
The Governor of the Bank of Ghana, Dr. Ernest Addison, has warned that Ghana does not have a choice but to manage a tight fiscal…
2023 end-of-year inflation stands at 23.2%; lower than revised target of…
The year-on-year inflation for December 2023 has dropped to 23.2 percent from the 26.4 percent recorded in November in the same…
Ghana grapples with slow progress in external debt restructuring talks…
Ghana's hopes for economic stability in 2024 hang in the balance as discussions on restructuring its external debt with official…
Overspending in 2024 election year could stifle economy for next 22 years –…
Economist Prof. Lord Mensah has warned that overspending and burdening the country with more debt in 2024 could unsettle the…
Ghana expects $1.15 billion in funding by late February as creditors near…
Ghana expects to receive $1.15 billion in funding from the International Monetary Fund and the World Bank by the…
Cedi ends 2023 with 27.8% depreciation rate against anchor currency on…
The cedi experienced a challenging year in 2023, with its value against the US…
Ghanaians turned to savings in foreign currency to protect investments –…
A report conducted by KPMG has revealed a high number of shifts in the savings culture of some Ghanaians geared towards saving the…
10% withholding tax on lottery and betting winnings starts from Monday…
The Ghana Revenue Authority (GRA) has announced that the implementation of the 10% withholding tax on the gross winnings of…