There are fresh revelations by the Central Bank detailing what auditors term “willful deceit” on the part of shareholders and directors of defunct UT and Capital Banks. A 2014 Bank of Ghana (BoG) Examination and Inspection Report by Boulders and Advisors...
The Governor of BoG Dr Ernest Addison is the highest paid public servant in Ghana. The morning show host of Adom FM, Captain Smart, has listed the salaries and allowances of top government officials in Ghana. Captain Smart, known best for...
Government has reiterated its assurance in ensuring that the banking system is not only resilient and capable of driving the transformation agenda but also supports the promotion and participation of strong indigenous Ghanaian banks. To this end, it has incorporated a new bank...
Governor of BoG Dr Ernest Addison The Bank of Ghana has merged five banks into a Consolidated Bank of Ghana Limited. The banks are BEIGE, Sovereign, Construction, UniBank and Royal Bank. It follows the insolvency of the five banks after investigations by Bank...
The Ghana Revenue Authority (GRA) has released figures for the special vehicle tax introduced by the government during the midyear budget review by Finance Minister Ken Ofori-Atta Read full release below:
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...

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