The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking at a press briefing […] The post Policy rate cut to 29% on back of retreating
The Commissioner General of the Ghana Revenue Authority, Rev. Ammishaddai Owusu-Amoah, says the commission has adopted measures to reduce tax defaults of Oil Marketing Companies (OMCs). This follows revelations in the 2022 Auditor General’s report that 18 OMCs owed over GH¢3 million in taxes. Rev. Owusu-Amoah noted that while the Authority was in court to […] The post GRA
Electronic Money Issuers (EMIS) across the country have until the end of Wednesday, January 31, 2024, to collaborate with agents to link their accounts with the Ghana Card or TIN or have their SIM cards blocked. This directive was announced by the Ghana Chamber of Telecommunications in a statement dated January 30, 2024. According to […] The post Momo:
Dr. Ernest Addison The Monetary Policy Committee (MPC), of the Bank of Ghana has dropped its lending rate from 30% to 29% following a decline in inflation. The Governor Read More... The post Policy Rate Drops To 29% appeared first on DailyGuide N
The Ghana Association of University Administrators’ (GAUA) decision to embark on a strike action in demand for better conditions of service (CoS) has taken effect unabatedly, as the University Teachers Association of Ghana, University of Ghana chapter (UTAG-UG) has expressed solidarity with all sister-unions seeking to embark on strike. Among other issues, it has cited […] The post GAUA
David de Gea Former Manchester United goalkeeper David de Gea is attracting interest from a number of clubs in Europe and the Saudi Pro League, including Al Shabab, a Read More... The post Al Shabab Targets Ex-Man U Goalkeeper appeared first on DailyGuide
The Upper East Regional Security Council has temporarily banned the riding of motorbikes in the Binduri district over recent killings. The decision was made during its emergency meeting on Monday, January 22, 2024, following recent records of killings in the Bawku and Binduri districts. In a statement, the Upper East Regional Security Council also reviewed […] The post Upper
The Paramount Chief of Ekumfi Traditional Area, Odeefo Akyin VIII, has urged the feuding parties requesting the autopsy report of the late President John Evans Atta-Mills to come together to find lasting solutions to the impasse. There has been controversy surrounding the whereabouts of an autopsy report on the death of Prof. Mills, popularly called […] The post Jaw-jaw
Human Rights lawyer Francis-Xavier Sosu is moving to escalate issues with the law on the death penalty to the ECOWAS Court of Justice. The lawyer expressed his displeasure with the death sentence handed to six coup plotters after being found guilty of conspiring to commit high treason and committing high treason. The High Court on […] The post Xavier Sosu
The Ghana Football Association (GFA) says it is reviewing the overall structure of the men’s senior national team, the Black Stars, following the side’s group stage exit at the ongoing Africa Cup of Nations tournament in Côte d’Ivoire. In a statement released on Tuesday after a meeting of the Executive Council of the Association and […] The post GFA
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
The Ghana Revenue Authority (GRA) collected tax revenue of GH¢113.06 billion last year, GH¢3.87 billion more than it was tasked to collect. The performance represents a nominal growth rate of 49.3 per cent over the 2022 fiscal year, which the GRA described as the highest ever in the last 20 years. For the 2023 fiscal […] The post GRA bags GH¢113bn in 2023 –
Ghana’s MIIF has stepped up efforts to attract North American partners into the Ghanaian mining space. MIIF, the sovereign minerals fund of Ghana, was created by law to manage the equity interests of the Government of Ghana in mining companies and collect and manage mining royalties due the state for purposes of investment. M 11F […] The post MIIF
Dr. Ernest Addison, BOG Governor The Human Right Division, Accra High Court, has dismissed an application filed by Dr. Papa Kwesi Nduom, GN Saving and Loans Company and others for Read More... The post ‘Central Bank Revoked GN Bank Licence Legally’ appeared
…The Relationship Manager “Get closer than ever to your customers. So close that you tell them what they need well before they realize it themselves.”….. Steve Jobbs Dear Readers, how did you find the extracts from my first article published more than ten years ago? Funny, but its real. Its interesting that the situation is still […] The post Risk
Dr. Ernest Addison – Governor of Bank of Ghana The Bank of Ghana (BoG) has announced a significant reduction in its Monetary Policy Rate, also known as the base Read More... The post BoG Lowers Base Rate To 29% To Stimulate Economic Growth
Deputy Finance Minister Abena Osei-Asare has defended the 2017 financial sector clean-up, which led to the liquidation of 420 institutions. She put up the defence in response to the Chairman of the Public Accounts Committee, James Klutse Avedzi, who attributed the tax default of some of the institutions to the financial sector clean-up. The Ghana […] The post Abena Osei-Asare
The Media Foundation for West Africa (MFWA) has backed the Ghana Journalists Association’s (GJA) directive for a media blackout on the Member of Parliament for the Awutu Senya East constituency, Mavis Hawa Koomson, over an assault on journalist. In a media briefing, the GJA President, Albert Kwabena Dwumfour, said, amongst other things, that efforts to […] The post MFWA backs GJA
The Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has alleged that the Youth and Sports Ministry budgeted an estimated $8.5 million, equivalent to GH¢105 million, for the 2023 Africa Cup of Nations. According to the MP, the government and the Ghana Football Association (GFA) have tried to conceal the budget for the country’s […] The post Govt
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