Business

The Driver Vehicle Licensing Authority (DVLA) has announced an increment in fees and charges for services at their offices.   pic.twitter.com/gWtBMruUDb — My Ghana Media (@MyGhanamedia2) September 30, 2022   In a statement, DVLA revealed that Parliament had approved the increase in fees and that it was being “inputted” on …

The Vehicle and Assets Dealers Union of Ghana (VADUG) has expressed utter dismay over government’s decision to slap 35% penalty on duty on imported used vehicles which are between one to five years old. The dealers, who are already paying high duties on such vehicles,a cc said the new policy …

On 16th of September 2022, Junior Achievement (JA) Ghana  hosted its 2022 National Business Pitch Competition at the Academic City University College in Accra. The National Business Pitch Competition is Ghana’s version of JA Worldwide’s internationally acclaimed Company of the Year Competition. The annual event allows high school students to …

The Institute of Economic Affairs (IEA) has called on the government to subsidise transportation fares to lessen the plight of the masses. This forms part of a raft of measures suggested by the IEA to the government in the wake of the global economic crises.   The Ghana Statistical Service …

The International Monetary Fund (IMF) has described its mission to Ghana as constructive. According to the Fund, another team from the Fund will visit Ghana in the coming weeks. Speaking at a press conference, Director of Communications at the IMF, Gerry Rice, said “we had an IMF staff team in …

The Bank of Ghana will sell a total of $420 million to Bulk Oil Distribution Companies via banks in the final quarter of this year, in its Foreign Exchange Auctions. This is higher than the amount it sold to the BDCs in the 3rd quarter of this year. According to …

This week appears to have presented a tall order for the spending culture of Ghanaian consumers. In the past five days, there has been widespread news about some possible upward adjustments that may affect spending. For that matter, Ghanaians are already bracing themselves amid the already rising cost of living …

The Ghana Road Transport Coordinating Council (GRTCC) has said it is unjustifiable to increase transport fares in the country now. The Council’s position comes on the back of True Drivers Union announcing that they will increase transport fares in the coming days.   The Union says their resolve to increase …

Ghana’s Purchasing Managers Index (PMI) for August 2022 showed a contraction in business activity in the private sector as it declined to 45.9%, as against 48.8% in July 2022. This may soften the Bank of Ghana’s hawkish stance to curb inflation.   According to the Weekly Fixed Income Update by …

The Ghana Revenue Authority has given the strongest indication that it will in the coming days arrest and prosecute business owners who do not issue Value Added Tax (VAT) invoices to customers. The move which is in line with the Authority’s mandate to improve voluntary compliance is also part of …