Finance Minister targets E-Levy exemptions to improve collections

Finance Minister, Ken Ofori-Atta has revealed that government is currently working to review some of the exemptions granted under the e-levy to deal with current challenges with collections. According to the Minister, some of these mobilization challenges can be linked to how the exemptions have been implemented over the past two months, which should be […]

T-bills oversubscribed by 92% due to high interest rates

Finance Minister Ken Ofori Atta Government Treasury Bills was oversubscribed by about 92% for the 4th week running, as a result of the high-interest rates prevailing in the country. According to the latest auction by the Bank of Ghana, government secured ¢1.083 billion. The high interest rates in the country have triggered investor interest in the […]

ACEP concerned about government’s decision to sole source Ameri plant

The Africa Centre for Energy Policy (ACEP) has raised concerns over government’s decision to enter into a sole-sourced agreement with Mytilineos Holdings to transport and operate the Ameri-powered plant. According to the Energy think tank, the deal is not financially sound and doesn’t favour the country. ACEP’s Policy Lead, Petroleum and Conventional Energy, Kojo Yaotse […]

Resolve impasse with tanker drivers to curb LPG shortage – Minority tells government

The Minority in Parliament has called on government to address the issue surrounding the shortage of Liquefied Petroleum Gas (LPG) across the country. The Minority Caucus in a release signed by the Ranking Member- Mines and Energy Committee, John Abdulai Jinapor stated that, “government must as a matter of urgency do everything possible to resolve […]

LPG users to resort to buying food from streets as others use charcoal for cooking

LPG shortage Some Liquefied Petroleum Gas users in Kumasi say they will be buying food from the streets, and others are reverting to using charcoal as they struggle to access domestic fuel. Most gas outlets in the metropolis remain closed. Many LPG users who visited gas filling stations returned home with empty cylinders. Stranded in […]

Joseph Commey wins Ghana’s first 2022 Commonwealth Games medal after making semis

Team Ghana has won its first medal at the ongoing Commonwealth Games in Birmingham after boxer Joseph Commey advanced to the semifinals of the featherweight division on Wednesday, August 3. Commey, who promised to deliver a medal heading into the competition delivered on his promise as he defeated New Zealand’s Alex Mukuka in the quarterfinal […]

Current inflation rate means Economic Management Team has given up – Sammy Gyamfi

The National Communications Director of the National Democratic Congress has bemoaned Ghana’s current inflation rate. Addressing the media on Wednesday, Sammy Gyamfi stated that the inflation rate in the country is worst compared to that of other countries in the sub-region. “As we speak, inflation rate which stood at 15.4% in December 2016, has galloped […]

6 students remanded over another rape case at KNUST

Six students of the Kwame Nkrumah University of Science and Technology (KNUST) have been remanded on Wednesday. The suspects were accused of raping a first-year student. The development comes after the suspects were arraigned at the Asokore Mampong District Court. This is the second time a KNUST student has been charged with raping another student […]

Akufo-Addo directs Finance Minister to engage IMF for economic support

Ghana’s President, Nana Addo Dankwa Akufo-Addo President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for an economic support, Joy Business can authoritatively confirm. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicated that there had already been a […]