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
Parliament has approved the Value Added Tax Amendment Bill 2023 which imposes a 5 percent flat rate for the rental of commercial premises and the sale of immovable property by an estate developer. The VAT Amendment Bill 2023 also seeks to introduce a zero rate on locally produced sanitary pads and waive VAT on the […] The post Parliament passes VAT Amendment Bill appeared first on
A major lesson from the past few years is that technology will continue to drive the growth of almost every sector of the economy. Mobile technology in particular remains a cornerstone, with mobile penetration contributing to the sector’s vibrancy. The proliferation of smartphones has opened up new opportunities for innovation, fostering the growth of mobile […] The post
AngloGold Ashanti’s Obuasi mine has been the bedrock and financial pillar of Obuasi’s economic activities for decades, serving as a major source of revenue and employment for the community. The mine, in operation since 1897, has significantly contributed to the development of the town and its surrounding areas by supporting various social and environmental initiatives, […] The post Obuasi
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