The daily minimum wage has been raised by 10 per cent, reaching GHȻ10.65 from GHȻ9.68. The decision was arrived at after deliberations of the National Tripartite Committee (NTC) in Accra on Thursday, July 26. A communique issued by the NTC has, therefore,...
Former Finance Minister, Seth Tekper, has urged businesses in the country not to rejoice over the 2018 mid-year budget review which supposedly tried not to increase VAT across board. According to Terkper, the budget review with regards to separating NHIL...
Reports indicate that the government will not increase the rate for Value Added Tax (VAT), as earlier suggested by sources close to the government. The suggestion first came from  Mr. Gabby Asare Otchere-Darko, a leading member of the governing New Patriotic Party (NPP),...
The Bank of Ghana has annulled all shares held by Belstar Capital Limited, Starmount Development Company Limited, SIC-Financial Services Limited and EDC Investments Limited (EDC) in ADB Bank Limited. A statement by the Central Bank on Monday stated that “The...
President Nana Akufo-Addo has summoned his Cabinet to an emergency meeting Tuesday, as concerns soar over possible tax increases. Joy News has learnt that the meeting will look at options for raising additional revenue to fund the many social policy interventions...
A Deputy Minister of Information Kojo Oppong Nkrumah is hopeful Ghanaians will rally behind any plans put in place by government to raise more revenue in order to fund its projects. With just a few days until the Minister of...
Finance Minister Ken Ofori-Atta  Information available to the Daily Statesman suggests that the Value Added Tax may go up to 21.5 percent from the current 17.5 percent. Information available to the Daily Statesman suggests that the Value Added Tax may go...
Bright Simons of IMANI Ghana  The Bank of Ghana recently released some figures as part of the BoG’s Summary of Macroeconomic Data and these figures, MyNewsGh.com learns, are questionable as they do not represent the truth. This is according to Bright...
Vice President Dr. Mahamudu Bawumia has launched the first phase of the mobile money interoperability system. Dr. Bawumia said this first step “would make Ghana one of the global leaders in the interoperability payments space.” It is hoped that the mobile money...
Telecom industry players have insisted they are not taking the place of banks with the launch of the mobile money interoperability. The telecom operators however believe the new system should help reduce the number of people not captured within the...

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