BUSINESS

The Finance Minister, Dr Cassiel Ato Forson, has said he made it clear that the era of free, non-essential conference travel is over. He says delegation sizes will be significantly reduced, with three officials now expected to accomplish the work of ten. In his view, this will ensure greater efficiency without compromising productivity. Speaking at a meeting with World Bank ...

The Ghana Revenue Authority (GRA) has reacted to publications on various social media and other platforms purporting it has frozen the bank accounts of Mr Richard Nii Armah Quaye (RNAQ), founder of Bills Micro Credit Ltd, and raised a personal income tax assessment of GHC30 million on him. This was communicated in a statement dated Thursday, March 27, 2025, issued ...

Parliament on Wednesday, March 26, passed a bill to abolish the controversial Electronic Transfer Levy (E-Levy). The move to abolish the tax has been widely welcomed by many Ghanaians. The bill will now be sent to President John Mahama’s desk for assent. The E-Levy was introduced in 2022 by the previous NPP administration. It was designed to impose a 1.5% ...

John-Peter Amewu, the former Minister for Railways and former Member of Parliament for the Hohoe Constituency in the Volta Region, has been arrested by National Security in connection with the failed $2 million SkyTrain project. The arrest comes amid ongoing investigations into the controversial deal, which was intended to introduce a modern urban rail transport system in Ghana but failed ...

The Executive Director of the Centre for Environmental Management and Sustainable Energy (CEMSE), Mr. Benjamin Nsiah, has refuted claims that 1,350 containers belonging to the Electricity Company of Ghana (ECG) have gone missing at the Tema Port. According to Mr. Nsiah, while the containers can be considered “missing” quantitatively, they are not missing qualitatively because they can be traced. He ...

Parliament has officially approved the Electronic Transfer Levy Repeal Bill 2025, effectively abolishing the controversial E-Levy, which previously taxed electronic financial transactions in Ghana. The E-Levy, which was initially introduced at 1.75% before being revised to 1%, imposed taxes on electronic transactions, including mobile money payments, bank transfers, and inward remittances. The levy, introduced in 2022, faced significant opposition from ...

Finance Minister Dr. Cassiel Ato Forson has outlined a series of cost-cutting measures aimed at reducing government expenditure and ensuring prudent financial management. Speaking at a meeting with World Bank Division Director Robert Taliercio O’Brien and his team, Dr. Forson reaffirmed Ghana’s commitment to fiscal prudence, particularly within the framework of the country’s IMF-supported programme. Acknowledging the financial challenges of ...

The Importers and Exporters Association of Ghana (IEAG) has strongly criticized the Ghana Revenue Authority (GRA) for its handling of tax-related issues involving renowned businessman and founder of Bills Micro-Credit, Mr. Richard Nii Armah Quaye. In a press statement issued on Monday and signed by Samson Asaki Awingobit, the Executive Secretary expressed concern over the GRA’s decision to publicly freeze ...

The Minister for Gender, Children, and Social Protection, Dr Agnes Naa Momo Lartey, together with the Acting Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Abigail Akwambea Elorm Mensah, has extended support to victims of the recent fire outbreak in Kumasi’s central business district. As part of their visit, the two officials toured the affected market area ...

The Ghana Revenue Authority (GRA) is undertaking an Income Tax Assessments on business mogul and Chairman of Micro Credit firm BILLS Richard Nii Armah Quaye. The process is part of an audit system by the GRA to ascertain the level of tax compliance by the businessman. The authority has however denied freezing the financial accounts of Mr. Quaye. Sources at ...