The President, Nana Addo Dankwa Akufo-Addo, has ordered the immediate suspension of the revenue assurance contract signed between the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML). He has also appointed the Audit, Tax, and Advisory Services firm, KPMG, to conduct an immediate audit of the transaction. In a statement dated January 2, […] The post Akufo-Addo
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The Executive Director of the African Center for Parliamentary Affairs (ACEPA), Dr. Rasheed Draman, has urged political parties to adopt deliberate grooming strategies to adequately replace experienced Members of Parliament. Some senior Majority Members of Parliament, including the Majority Leader, Osei Kyei-Mensah-Bonsu, have signalled that they will not be seeking reelection in the next parliamentary […] The post Groom
A Tax Analyst, Francis Timore Boi, has lauded the government’s move to introduce the Vehicle Income Tax (VIT). The Ghana Revenue Authority (GRA) announced that effective January 1, 2024, ride-hailing vehicle owners will be taxed. However, this has been met with resistance from the Online Drivers Union, who lament that as key stakeholders, the GRA […] The post Tax
The Rural Empowerment Advocacy Project LBG (REAP), a non-profit organization that seeks to empower and support rural communities with livelihood programs, has launched its vocational training program dubbed the ‘REAP Vocational Project.’ The initiative aims to equip less privileged individuals in rural communities with free vocational training skills. The ‘REAP Vocational Project’ will enable less […] The post REAP
The Ghana Revenue Authority (GRA) has reminded the public that a 10% tax will be withheld from all gross winnings from lotteries, betting, gaming, and other games of chance starting January 1st, 2024. This applies to both the National Lottery Authority (NLA) and private lotto operators (PLOs). While the tax was originally implemented in August […] The post GRA announces
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The Ghana Online Drivers Union (GODU) is threatening a nationwide strike if the Ghana Revenue Authority fails to engage them over the recent introduction of the Vehicle Income Tax (VIT) for ride-hailing drivers. The GRA’s announcement of the new tax, effective January 1, 2024, has sparked outrage among GODU members. They argue that the decision […] The post Ride-hailing
Following the recent Akosombo Dam Spillage that displaced residents in Lower Volta, OmniBSIC Bank staff have demonstrated their generosity and commitment to the community through the Bank’s Staff CSR project known as the SEEK Initiative. Recognizing the urgent need for support, the bank’s staff raised funds and donated essential supplies to families now residing at […] The post
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A team of bankers is ordinarily not a regular sight in any health facility in Ghana. Therefore, many patrons of the Madina Poly Clinic might have wondered “why”, when a sharply dressed team from the Universal Merchant Bank (UMB) drove into the clinic’s compound here in Kekele, Madina; a popular, densely populated suburb of Accra. […] The post #UMBCares brings holiday
In response to the surge in digital banking platforms and the corresponding increase in cyber threats, Fidelity Bank, Ghana’s largest privately owned bank, took proactive steps last month by dedicating a week to intensifying efforts against fraud, empowering its staff to be the first line of defence. Under the theme “Leveraging on Fraud Awareness and […] The post Fidelity
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