2018 Budget Review: Gov’t Imposes Tax On Luxury Cars

The government has imposed a luxury vehicle tax on vehicles with a capacity of 3.0 litres and above. Reading the mid-year budget review to Parliament, the Finance Minister, Ken Ofori Atta announced that based “on the under-performance for the first five months of 2018, we will end the year with an

2018 Budget Review: New Revenue Measures Hit NHIL, GetFUND

The Finance Minister Ken Ofori-Atta has announced fiscal measures in the 2018 mid-year budget to enable the government to meet its revenue target. Delivering the mid-year budget in Parliament on Thursday, 19 July 2018, Mr. Ofori-Atta said the revenue collection agencies under performed in the first five months of 2018 hence

Port Operations Go Full Paperless

Customs division of the Ghana Revenue Authority (GRA) is currently running all its port operation by the paperless system to facilitate trade and their operation. The paperless system which was introduced last year was fraught will some challenges which led to agitation from agents. Customs was forced to run the manual alongside

Electricity Tariff To Go Down By 13%

Residential and non-residential electricity consumers in the country are to enjoy a 13% reduction in tariff beginning January next year, Finance minister Ken Ofori Atta announced in Parliament during the 2018 budget presentation Wednesday. Additionally, other composite charges in the tariff build-up of electricity have been reduced by the government. The reductions

Our Agenda For 2018 Is Jobs – Ofori-Atta

The Minister of Finance Ken Ofori-Atta has assured Ghanaians jobs will flow in 2018 following the prudent measures which have been outlined in next year’s Budget Statement and Economic Policy. Mr. Ofori-Atta noted over the past 10 months, the Akufo-Addo-led administration has delivered on its promises, adding 2018 will witness major

Ghana’s Cedi At Eight-Month Low As Corporate Dollar Demand Surges

Ghana’s cedi currency weakened to the lowest level in nearly eight months on Tuesday as local businesses sought more dollars for their end-of-year imports, analysts said. A man trades U.S. dollars for Ghanaian cedis at a currency exchange office in Accra, Ghana, June 15, 2015. Picture taken June 15. REUTERS/Francis Kokoroko The

Petroleum Revenue Mgt. Act Breached for 7-Yrs Running – PIAC

The Public Interest and Accountability Committee (PIAC), has lamented the poor handling of projects funded with Ghana’s oil revenue without adherence to the Petroleum Revenue Management Act. According to a member of PIAC, Dr. Steve Manteaw, successive governments have breached the Act for seven years running. The Act mandates the Finance Minister

PURC Boss Sacked

President Akufo-Addo has terminated the appointment of the Executive Secretary of the Public Utilities Regulatory Commission (PURC) Samuel Kwadwo Sarpong. Mr. Sarpong was appointed in 2013 to head the commission by the erstwhile Mahama administration. A letter announcing the termination of his appointment sighted by Starrfmonline.com reads in part that: “Reference is

4G LTE: Vodafone Eyes Partnership With Surfline

Vodafone Ghana has made overtures to Surfline to benefit from the latter’s Fourth-Generation (4G) service. Starr Business understands if the pact goes through it will offer Vodafone the opportunity to rope in its customers unto the 4G Long Term Evolution (LTE) network – providing Vodafone customers faster internet. The National Communication Authority