Author: Ellen Dapaah
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Value of MoMo transactions shoots up by over 120% in a year – BoG
The value of mobile money transactions has more than doubled in the last twelve months, according to the Bank of Ghana. The total value shot up by over 120 percent from February 2020 to February 2021. On a monthly basis, the value of transactions from January to February saw a minimal increase of about 1…
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Consider NDC’s economic proposals to reverse declining GDP – Terkper to gov’t
Former Finance Minister, Seth Terkper, is asking the government to go back to some of the proposals that the New Democratic Congress (NDC) government put in place to salvage the negative growth of the country’s Gross Domestic Product (GDP). Ghana’s debt stock, according to the caretaker Finance Minister, Osei Kyei-Mensah-Bonsu stands at GHS291.6 billion, representing…
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GSS to roll out digitalised 2021 population and housing census from June 27
The Vice President, Dr. Mahamudu Bawumia, has touted the Ghana Statistical Service’s readiness to conduct this year’s population and housing census through a paperless system. According to him, this will go a long way to push the government’s digitalization agenda, and provide a more accurate database which will aid in solving housing deficits and poverty-related…
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Ghana on right trajectory with COVID-19-induced taxes – Adu Boahen
The President’s Representative at the Finance Ministry, Charles Adu-Boahen has justified the proposals for new taxes saying the move is to sustain the debts incurred by the government through the various COVID-19 interventions initiated by the Presidency. He said the only way Ghana will not be caught in a debt trap following shortfalls in revenues…
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Seth Terkper bemoans Ghana’s revenue performance
Former Finance Minister, Seth Terkper has once again bemoaned the country’s debt collection methods as well as its revenue performance in recent years. This, according to him, can partly be blamed on non-response to the rebasing of the country’s GDP. He made these assertions in a post-budget dialogue organized by Citi TV and the University…
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Newly proposed taxes a huge hindrance to businesses’ recovery from COVID-19 impact – AGI
The Association of Ghana Industries (AGI) is alarmed at the government’s newly proposed taxes as outlined in the 2021 Budget Statement and Economic Policy. It fears these taxes introduced will have a huge toll on the business community particularly at a time when players are reeling from the devastating effects of the COVID-19 pandemic. Speaking…
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Gold Fields presents GHS120 million dividend to government
Gold Fields Ghana Limited has presented a dummy cheque of GHS120.7 million as dividend for the 2020 financial year to government through the Ministry of Lands and Natural Resources. The sector minister, Samuel Abu Jinapor who received the cheque on behalf of government said he is determined as a sector minister to work closely with…
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Ken Ofori-Atta justifies proposed new taxes
The Finance Minister-designate, Ken Ofori-Atta, has justified the proposed new taxes in the 2021 budget. Osei Kyei-Mensah-Bonsu, the caretaker Finance Minister, while delivering this year’s budget statement announced moves to impose taxes on fuel, i.e. 10 pesewas per litre for diesel and petrol as Sanitation and Pollution Levy (SPL) and 20 pesewas per litre of…
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Telecom and IT Professionals Union sued over strike
An Accra High Court has granted an interim injunction against the industrial action embarked upon by members of the Telecom and IT Professionals Union (TIP). The court also ordered the various factions including the leadership of the union to “appear before the National Labour Commission for the meeting slated for 18/03/2021 at 12:30 pm”. The…
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Blame recent fuel hikes on rise in world prices not new taxes – OMCs
The Association of Oil Marketing Companies (AOMC) has attributed the latest increases in prices of petroleum products to the prices and forces of demand and supply on the world market. In a statement to clarify issues on the back of the government’s newly proposed petroleum levies, the OMCs said the upward adjustment of the fuel…