NEWS

Ghanaians who earn GHS10,000 or more will, henceforth, pay 35% of their salary as personal income tax, Finance Minister Ken Ofori-Atta, has said. He told parliament on Thursday, 19 July during the presentation of the mid-year budget review that government is reviewing the personal income tax categories “to include an additional band of GHS10,000 and above per month at a ...

Youth in one of the Zongo communities in the Ashanti Regional capital, Kumasi have clashed with the police over the gory killing of seven members community members. The clash follows the shooting to death of the seven community members by the police earlier this week. The police alleged the deceased persons were suspected armed robbers who opened fire on them, ...

The reputation of veteran journalist Abdul Malik Kweku on Wednesday suffered a jolt when it was revealed that he owns and covertly operates a small-scale mining firm. Kennedy Ohene Agyapong, who has waged a bruising campaign against Kweku Baako and his mentee, Anas Aremayaw Anas claimed on his television station, Net 2 that the latter runs a mining firm. He ...

The Finance Minister, Ken Ofori-Atta has hailed the Nana Akufo-Addo led government for putting in place the right policy initiatives that have improved the economic fortunes for the country. According to him, the NPP government has reduced the burden of Ghanaians as a result of the introduction of some policy interventions including the free senior high school initiative. The Minister ...

The Deputy Minority leader is accusing the Finance Minister of peddling an untruth when he said the VAT rate will not be increased. James Avedzi insists the government, through the Finance Minister has increased VAT “through the back door.” In a mid-year budget review presentation, the minister, Ken Ofori Atta said the government will be converting the GETFund of 2.5% ...

Former First Lady Nana Konadu Agyeman-Rawlings has opened up on why she decided to leave the opposition National Democratic Congress (NDC). Mrs. Agyeman-Rawlings turned her back of the NDC – a party foundered by her husband Jerry John Rawlings – just before the 2016 elections. She went ahead to form the National Democratic Party (NDC), and has since been an ...

Minister for Finance, Ken Ofori Atta, says Government has released GH¢30 million to take care of the initial cost of the Nation Builders Corps Programme (NaBCo). The Nation Builders Corps (NABCO) programme is a government initiative to address graduate unemployment to solve social problems. The focus of the initiative will be solving public service delivery in health, education, agriculture, technology, ...

For the first time in the country’s history, owners of luxury vehicles with engine capacities of 3 litres or more will now pay an annual tax on their vehicles. Finance Minister Ken Ofori-Atta announced this in Parliament Thursday when he presented the government’s Mid-Year Budget Review. Christened Luxury Vehicle Tax, the government is seeking to raise more revenue by taxing ...

The Police station at Asawase in Kumasi in the Ashanti region has reportedly been set on fire by rampaging youth of the Asawase community. A military team has been dispatched to the area to quell the mounting tension between the youth and the Police. A police officer has been injured and rushed to the Komfo Anokye Teaching Hospital for treatment, ...

Finance Minister Ken Ofori-Atta has admonished the opposition not to rely on social media for key economic policy direction. His comment comes on the heels of widespread discussion by political parties, businesses and civil society organisations, about the possible increase of VAT from 17.5% to 21.5% because of a Facebook post by Mr Gabby Asare Otchere-Darko, nephew to President Nana ...