BUSINESS

Ghana’s Minister for Finance Ato Forson says the claim by former Finance Minister Mohammed Amin Adam that the erstwhile administration never implemented the betting tax is not factual. Speaking at a new conference on Tuesday, March 11, shortly after the Finance Minister presented the new government’s first budget statement and abolished the e-levy, betting tax among others, the former Finance ...

Finance Minister Dr. Cassiel Ato Forson has firmly stated that the government will not use taxpayer funds to recapitalise the Bank of Ghana (BoG), following revelations that the central bank had signed a memorandum of understanding (MoU) under the previous Ernest Addison-led administration for a ¢53 billion bailout. Speaking on Joy News on Tuesday, March 11, after presenting the 2025 ...

The Finance Minister has announced the government’s plan to abolish several taxes, including the Electronic Transaction Levy (E-Levy), the COVID-19 Levy, and the 10% tax on lottery winnings (betting tax). According to Dr. Cassiel Ato Forson, these five bills are expected to be laid before Parliament on Wednesday, March 13. “I will be going to Parliament to submit the bills, ...

Finance Minister, Dr. Cassiel Ato Forson, has announced the removal of five nuisance taxes as part of government’s revenue measures under the 2025 Budget, presented to Parliament. According to Dr. Forson, this move is in line with government’s manifesto promise and efforts to reduce the financial burden on citizens and businesses. Outlined in Parliament on Tuesday, March 11, 2025, the ...

Finance Minister, Dr. Cassiel Ato Forson, will today present the 2025 Budget Statement and Economic Policy to Parliament, marking the first comprehensive financial roadmap of the Mahama administration since assuming office. The highly anticipated budget is expected to outline bold policy measures aimed at stabilising the economy, fostering growth, and addressing the nation’s fiscal challenges. With the country still grappling ...

The United States’ stock market has shed more than $1.7 trillion in value after US President Donald Trump declined to rule out the possibility the economy could enter a recession this year. The benchmark S&P 500 on Monday tumbled 2.7 percent, dragging the index nearly 9 percent below its all-time high reached on February 19. The tech-heavy Nasdaq 100 plunged ...

Dr Gideon Boako, the Deputy Ranking Member on the Finance Committee of Parliament and Member of Parliament (MP) for Tano North Constituency, has urged the government to present only verified and credible data in the 2025 budget statement. He made this call ahead of the budget presentation by the Minister for Finance, Dr Cassiel Ato Forson, scheduled for today, Tuesday, ...

The Institute of Economic Affairs (IEA) is urging the government to maintain the controversial Betting Tax, emphasizing its dual role in revenue generation and discouraging excessive gambling. This appeal comes just hours before Finance Minister Dr. Cassiel Ato Forson presents the 2025 Budget in Parliament. Despite the new administration’s pledge to scrap the Betting Tax alongside the E-Levy, COVID-19 Levy, ...

The immediate past Finance Minister says Ghana’s economic recovery was quicker than anticipated, urging the new administration to sustain the gains rather than undo progress for political reasons. Dr Mohammed Amin Adam Anta speaking on Joy News’ PM Express Business Edition on Thursday, highlighted the resilience of the economy despite global economic challenges, stating that Ghana had outperformed expectations in ...

Ghana, the world’s second-largest producer of cocoa, has seen its 2024 export earnings plummet to $1.7 billion—the lowest in 15 years. An analysis of data from the Bank of Ghana shows that cocoa export earnings have fallen below the $2 billion mark, representing a sharp 25.4% decline in just a year. This drop is largely attributed to dwindling production, which has shrunk by over 11% within the ...