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Suspension of Price Stabilization and Recovery Levy shocking – GPRTU
The Ghana Private Road Transport Union (GPRTU) has expressed dismay over the sudden reversal of the Price Stabilization and Recovery Levy on petroleum products by the National Petroleum Authority (NPA). The National Petroleum Authority (NPA) on April 4, 2024, instructed all Oil Marketing Companies and related stakeholders to impose a levy of 16 pesewas per […]
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Business
Internet disruptions: GRA to ensure refund to entities wrongfully charged E-levy
In the wake of recent internet disruptions, the Ghana Revenue Authority (GRA) has been compelled to address concerns regarding the erroneous imposition of E-Levy on certain electronic transactions. According to the GRA, the interruption in internet connectivity impacted the real-time routing of electronic transactions to the Electronic Transfer Levy Management and Assurance System (ELMAS), prompting […]
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Featured
Akufo-Addo has learnt lessons from E-levy case – Law lecturer on why President must wait for SC ruling
Professor Kwadwo Appiagyei-Atua has opined that following the Electronic Transaction Service levy (E-levy) debacle, President Nana Addo Dankwa Akufo-Addo has learnt lessons from the case and would want to respect the law while waiting for the Supreme Court’s determination on the applications for injunction filed against him and the legislature. Parliament unanimously passed the Human […]
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Business
Stakeholders Call For E-Levy Review
Nana Akua Anyidoho The government has been urged to focus on effective revenue production and equitable distribution within the country’s larger tax framework instead of burdening consumers. Stakeholders at
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Business
Participants at ICTD-GRA workshop propose review of E-levy
Stakeholders from all sectors of the local economy are calling for a review of the electronic transaction levy (E-levy). They argue that instead of burdening consumers unnecessarily, efforts should focus on effective revenue production and equitable distribution within the larger tax framework. This came to light during a tax forum organized by the International Centre […]
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Technology
Star Wars game cancelled as EA cuts 670 jobs
Electronic Arts (EA) is cancelling an upcoming Star Wars game and will lay off 5% of its employees globally- approximately 670 people. The game, which was in early development, would have been a first-person shooter set in the Star Wars universe. The firm said the “streamlining” would “deliver deeper, more connected experiences for fans”. It […]
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Headlines
Collaboration key for advancing AI in transaction monitoring
Barbara Okai-Tettey, Senior Compliance Manager at Stanbic Bank Ghana has emphasized the need for collaboration between the financial service industry and regulators to enhance the evolving use of AI in transaction monitoring. She made this statement at ‘The Fintech & Banking Event’ hosted by fintech software company, ThetaRay, at the Kempinski Hotel Gold Coast City, […]
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Features
ICC urges WTO to support Moratorium on Customs Duties on Electronic Transmissions
The International Chamber of Commerce (ICC) and other associations urge WTO members to support continuation of the Moratorium on Customs Duties on Electronic Transmissions at the WTO’s Thirteenth Ministerial Conference (MC13). Allowing the Moratorium to expire would be a historic setback for the WTO, representing an unprecedented termination of a multilateral agreement in place nearly […]
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Business
It’ll be difficult for Bawumia to scrap e-levy if elected president – Prof. Gatsi
An economist, Professor John Gasti, says the flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, will not be able to scrap the taxes on electronic financial transactions, also known as e-levy, as proposed if he is elected president of Ghana. Dr. Mahamudu Bawumia pledged to abolish the e-levy and four other taxes to […]
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Featured
Osofo Kyiri Abosom criticizes Bawumia’s development agenda; says its a ‘cover-up’
The Ghana Union Movement (GUM) has described Vice President Dr. Mahamudu Bawumia’s envisioned development plan for the country as a “cover-up to win votes.” The Union questioned the decision by the Vice President not to “acknowledge the failures of the Government” and expressed doubt over his promise to abolish some of the taxes introduced by […]
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Featured
Scrapping of e-levy: Momo users sceptical about Bawumia’s promise
Some mobile money users in the Ashanti Region are sceptical about the promise Vice President Dr. Mahamudu Bawumia gave concerning the scrapping of the e-levy if he becomes president of Ghana. The controversial tax was introduced in 2022 by the Akufo-Addo government. While delivering a public lecture on his vision for the country after he […]
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General News
E-Levy, Bet Tax, Emissions Levy To Go– Bawumia
In a bold declaration, Dr. Mahamudu Bawumia, the Flagbearer of the New Patriotic Party, has announced that he will abolish the controversial e-levy, bet tax, and emissions tax if
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Business
I’ll abolish e-levy, bet tax and emissions tax as President – Bawumia declares
The Flagbearer of the New Patriotic Party, Dr. Mahamudu Bawumia, has stated categorically that he will abolish the tax on electronic financial transactions popularly known as e-levy, if elected President of Ghana. The controversial tax was introduced in 2022, and before the introduction, Vice President Bawumia had declared his opposition to levies on electronic financial […]
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Business
Withdraw Emissions Levy, it’ll worsen already acidic business environment – FABAG to govt
The Food and Beverage Association of Ghana (FABAG) is calling on the government to immediately withdraw the Emissions Levy. In a statement dated February 5, FABAG said it believes the aspect of the tax that affects the industry is highly insensitive and anti-business. On February 1, 2024, the government introduced a new tax policy on […]
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Business
Independent Power Generators Kick Against Emissions Levy
Dr. Elikplim Apetorgbor THE INDEPENDENT Power Generators, Ghana (IPGG) has indicated the implementation of the Emissions Levy may spike up the prices of power because it exerts a levy
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Technology
Samsung Galaxy S24 Series is now available in Ghana
Samsung Electronics Co., Ltd. announced the global availability of the new Galaxy S24 series, which has received an impressive number of pre-orders thanks to its transformational Galaxy AI capabilities. Following the announcement, the new Samsung Galaxy S24 series achieved a double-digit increase in pre-order sales compared to its predecessor with above 65% of consumers opting for […]
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Featured
Okada riders to petition govt to reduce emissions levy
The leadership of the Okada Riders Association is set to petition the Ministry of Transport next Monday to consider reducing the emissions levy. The Emissions Levy Act, 2023 (Act 1112), which imposes a levy on carbon dioxide equivalent emissions on internal combustion engine vehicles, started yesterday. The levy amount varies based on the type of […]
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General News
Vehicle Emission Levy Implementation Begins
The Ghana Revenue Authority (GRA) yesterday begun the implementation of the Emissions Levy Act, 2023 (Act 1112), which mandates owners of carbon dioxide equivalent emissions on internal combustion engine
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