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The summary of macroeconomic and financial data released by the Bank of Ghana (BoG) in January 2024 highlighted performance of the Ghanaian economy in key sectors. The summary shed significant light on real sector indicators; interest rates; price developments; external sector developments; prices for commodities; and monetary indicators. Others included relevant information on the fiscal […] The post
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One of the first methods of resolving disputes outside of typical judicial proceedings is arbitration. The Greek philosopher, Aristotle, said that, “It is equitable to agree to arbitration rather than going to court because the umpire in an arbitration looks to equity while the juryman sees only the law. It is also equitable to be […] The post
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Ghana has been lauded for its ambitious Free Senior High School (SHS) programme, aimed at making quality high school education accessible to all. Spearheaded by the government, this initiative has made substantial investments, amounting to approximately GH¢8.4billion, and has provided education opportunities to a commendable 5.7 million Ghanaians over the past seven years. However, beneath […] The post
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The International Monetary Fund’s resident representative in Ghana, Dr. Leandro Medina, has stressed the importance of protecting vulnerable individuals during challenging reforms and actions, such as the introduction of a 21% Value Added Tax on specific electricity consumers as part of Ghana’s COVID-19 recovery programme. A letter addressed to the Electricity Company of Ghana (ECG) […] The post IMF
Extensive dialogue will be held with Organised Labour and other key stakeholders in the coming weeks on the VAT on electricity, the Ministry of Finance has said. The stakeholder dialogue, as stated by the Finance Ministry in its statement dated January 30, 2024, is aimed at ensuring stakeholder buy-in. Organised Labour has kicked against the […] The post VAT
Extensive dialogue will be held with Organised Labour and other key stakeholders in the coming weeks on the VAT on electricity, the Ministry of Finance has said. The stakeholder dialogue, as stated by the Finance Ministry in its statement dated January 30, 2024, is aimed at ensuring stakeholder buy-in. Organised Labour has kicked against the […] The post VAT
Scores of slum dwellers have been rendered homeless after fire swept through wooden structures used as accommodation at Asokwa Old Town in the Asokwa Municipality of the Ashanti Region. The fire, believed to have started from one of the structures at about 3:30 pm on Saturday, spread through other wooden structures in the enclave. The […] The post Asokwa: Fire rips through
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From left: Emmanuel Benimah, Deputy General Secretary in charge of Operations, ICU-Ghana, Samuel Ananga, Deputy General Secretary in charge of Administration, ICU-Ghana, Morgan Ayawine, and Alhaji Nuru-Deen Alhassan, National Chairman, Read More... The post ICU Joins Call For No Electricity
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The Industrial and Commercial Workers’ Union, ICU-Ghana, has urged the government to treat with urgency, the seven-day ultimatum issued by organized labour to withdraw the imposition of 15% Value Added Tax (VAT) on electricity consumption exceeding the lifeline threshold. ICU expresses concern over the adverse impact that tax imposition may have on consumers, businesses and […] The post ICU
Former President John Dramani Mahama has thrown his support behind organised labour’s call on the government to reverse the Value Added Tax (VAT) imposed on electricity. The Flagbearer of the National Democratic Congress (NDC), expressed concern that the implementation of VAT on electricity consumption would further burden Ghanaians, who are already suffering from economic hardship. […] The post Mahama
The Trades Union Congress (TUC) has described the 15 percent Value Added Tax (VAT) imposed on electricity consumption above the lifeline as an easy way for the government to raise revenue, which is unfair to consumers. At a press conference on Tuesday, January 23, TUC gave the government a seven-day ultimatum to withdraw the tax, […] The post Burdening workers
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The Trades Union Congress (TUC) has given the government a seven-day ultimatum to withdraw the imposition of Value Added Tax (VAT) on electricity consumption above lifeline. In a letter dated January 1, Finance Minister, Ken Ofori-Atta, directed the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCO) to implement the VAT, aiming […] The post TUC
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