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The Bank of Ghana has directed mining firms to channel their foreign exchange inflows through commercial banks, rather than directly to the central bank.
The final VAT rate that will be paid by businesses is expected to be reduced from 22% to 20 % from 2026. Businesses currently pay about 22 percent as the effective VAT, however due to the current on-going reforms and moves to simplify this tax type and regulations, that final rate will be reduced to 20 percent.
The government has announced plans to abolish the minimum capital requirement for foreign investors under the upcoming review of the Ghana Investment Promotion Centre (GIPC) Act. The policy, we are told, is designed to boost Ghana's competitiveness, lower entry barriers, and attract more global capital.
The World Bank has projected that Ghana could gain additional revenue equivalent to at least 0.6 percent of GDP in 2025 if the government fully implements the revenue measures outlined in the 2025 budget.
Ghana's palm oil industry is once again in the national spotlight as the government unveils an ambitious plan to close the gap between domestic production and consumption.
Data released by the Bank of Ghana has revealed that Republic Bank and Bank of Africa provide the lowest interest rates on loans for individuals, In its Annualized Percentage Rates (APR) ending June 2025
The Chartered Institute of Marketing Ghana is pushing for peaceful December general elections to help businesses recover.
Ghana's energy distribution sector has once again taken centre stage as political parties outline reform plans ahead of the 2024 elections.
The anticipated US$360 million disbursement from the International Monetary Fund in the coming days is expected to provide a much-needed cushion to Ghana's reserves and further augment the supply-side interventions of the Ghana cedi.
The IMF staff report on Ghana's third program review has been scheduled as the first item for the IMF Board to consider today.
Ghana's total debt stock reduces marginally to hit GH₵ 761 billion ending October this year.
Finance lecturer, Dr. Alex Annan Abakah criticizes the Bank Of Ghana for relying on high policy rate to tame inflation.
The Ghana Mineworkers' Union of Trade Union Congress (TUC) of Ghana has called on President Nana Akufo-Addo to ensure the reviewed Labour Act is passed into law before he leaves office on January 7, 2025.
The Institute of Energy Security cautions that the next government, which takes office on January 7th, will face severe challenges in the power sector that could lead to power rationing.
The Forestry Commission has launched an aggressive campaign to urge mining companies to reclaim land they have used and engage indigenous communities affected by mining activities.
Economist, Professor Peter Quartey is optimistic that Ghana is on track to achieving debt sustainability in line with the International Monetary Fund's program.
More oil marketing firms are reducing prices of petroleum products at the pumps. This is in line with developments on the international markets and industry regulations,
Despite restructuring most of its debt, Ghana is expected to face significant liquidity pressures going into next year and 2026.
The Ghana Chamber of Telecommunications has revealed that telecom companies contributed more than GH₵9.83 billion in taxes and other payments in 2023.
The petroleum commission has hinted that it is considering reducing government's 15% stake in fresh oil exploration investment brought into the country.
Cocoa farmers in the world's No.2 producer Ghana are hoarding beans in anticipation of higher prices, industry sources told Reuters, potentially squeezing supplies to a global cocoa market looking to recover from last season's disastrous harvests.
The Government of Ghana has officially launched its high-speed 5G internet service.
COPEC projects a 2.3% drop in petroleum prices at the pumps starting 1 November 2024.
The CEO of the Ghana Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, has stressed the importance of financing the private sector to stimulate economic growth, especially in an environment where borrowing from the government has dominated the financial space.
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