Category: TECHNOLOGY
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Ho Node Hub rebrands as Node Eight
Node Hub Foundation (Ho Node Hub), a digital innovation hub located in Ho, Ghana, announced today it has rebranded as Node Eight to reflect its new vision and growth strategy. Node Eight’s announcement goes beyond a new name, logo, and identity. It underscores the organization’s commitment to build a pipeline of ethical digital talents and…
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Elon Musk strikes deal to buy Twitter for $44bn
The board of Twitter has agreed to a $44bn (£34.5bn) takeover offer from the billionaire Elon Musk. Mr Musk, who made the shock bid less than two weeks ago, said Twitter had “tremendous potential” that he would unlock. He also called for a series of changes from relaxing its content restrictions to eradicating fake accounts.…
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Block chain’s success will depend on supportive policy environment – Prof. Quaynor
Regulatory agencies such as the Bank of Ghana and other stakeholders within the digital space to create a conducive environment to support local firms that want to invest in crypto-currency and digital currency services before the market is captured by international operators. This is according to the Chief Executive of Ghana Dot Com, Prof. Nii…
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1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey
Director of the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey is concerned that the 1.5% rate of the Electronic transfer levy (E-Levy) will prevent government from achieving the GHC 6.9 billion target set for the levy. President, Nana Akufo-Addo, signed into law the E-levy Bill, two days…
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Transactions to be affected by E-levy
As part of efforts to expand the country’s tax base, raise Ghana’s tax to GDP ratio and support government’s efforts at building an entrepreneurial country, government in the 2022 Budget, announced the introduction of the Electronic Transfer Levy (E-levy). The E-levy is a tax imposed on electronic transfers charged at the time of transfer. The…
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Bethniel Finance emerges winner in Innovation Challenge Program
Bethniel Finance, offered by Ghanaian fintech company, Bethniel Financial Technology, has emerged as a winner to participate in the Innovation Challenge program. The Innovation Challenge is an opportunity for early-stage innovators who have digital innovations that address social and environmental challenges and are keen to develop a sustainable business model around their digital solutions. Launched…
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Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant
Technology Consultant and Digital Lead of Pop Out, Maximus Ametorgoh says consumers in Ghana are likely to pay a little bit more for products purchased on E-commerce platforms as the Ghana Revenue Authority (GRA’s) prepares to introduce a non-resident E-commerce and Digital Service Registration Portal, to help with the taxation of e-commerce platforms operating in…
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BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’
The Bank of Ghana is cautioning the general public against the patronage of a money-doubling scheme operating in Ghana under the name “BitCash Currency Exchange”. According to the Central Bank, the scheme which falsely claims to have its approval is a fraudulent one. A notice dated 8th March, 2022, warns the general public that the…
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Extensive consultations held; e-levy to be re-laid in Parliament – Ofori-Atta
The Minister of Finance, Ken Ofori-Atta says following the conclusion of extensive consultations on the controversial Electronic Transaction Levy, the government is set to resubmit the Bill before Parliament. Mr. Ofori-Atta said the government expects legislators to approve the document when it is put before Parliament later this month. Voting on the levy led to…
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Medical Solutions APP ‘Pocket Pharmacy’ wins Ho Startup summit pitch contest
A medical solution application named ‘Pocket pharmacy’ has won a startup pitch at a start-up summit in Ho. Pocket Pharmacy is an initiative to increase access to medical care through the use of a mobile application that allows patients to quickly reach a medic with just a tap on the phone. The solution also allows…