Browsing: Economy and Finance

The directive, the ministry said is in line with Sections 35 and 37 and the First Schedule (9) of Act 870 and aligns with the relevant sections of the Value Added Tax Act of 2013 and is part of the Government’s Medium-Term Revenue Strategy and the IMF-Supported Post-COVID-19 Programme for Economic Growth (PC-PEG).

The Central Bank claimed that, the sustained reduction in inflation since August 2023 can be credited to the proactive efforts and measures it took to address hyper inflationary and restore macro-economic stability. 

Ghanaian rice farmer struggling with storage

The flagbearer of the National Democratic Congress (NDC) made the commitment after he accused the current NPP-led administration for recklessly damaging Ghana’s economy that has brought untold hardship to the people. 

A successful completion of the meeting is a key step needed by Ghana to secure its next tranche of funding from the International Monetary Fund.

According to the Bank of Ghana, the favourable external developments and tighter monetary policy stance have resulted in a relatively stable of the Ghana cedi in the year so far.

The Asanko mine is currently owned 45% each by Gold Fields and Galiano Gold, with Galiano managing the mine. The Government of Ghana holds the remaining 10%.

The expected increase is a resultant of the 21% rise in Value Added Tax (VAT) on non-life products and a 10% increase in Motor Insurance Premiums. 

Traders caution gov’t over drop in inflation 

The United Bank for Africa (UBA) Ghana last week cut sod for its new state-of-the-art head office building project located at West Cantonments in Accra.