Business

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 …

The Customs Division of the Ghana Revenue Authority (GRA) can now commence auction sales following the lifting of the ban by the Office of the Special Prosecutor (OSP). The lifting of the ban on all auction sales placed on the Customs Division by the OSP was contained in a press …

The new iPhone 14 lineup will ship without physical SIM trays — but only in the US. They’ll be able to use two eSIMs at once (and store more than that), but is the lack of a physical tray a big deal? And is it user-hostile and stupid? First, a …

The Deputy Finance Minister, Dr. John Kumah, has debunked claims that the Ghana cedi is the weakest currency in Africa. According to him, such a claim is mere propaganda meant to undermine the government’s fiscal measures in halting the free fall of the cedi against the dollar.   He stated …

An economist with the University of Ghana Business School (UGBS), Dr Patrick Asuming has suggested to the government to reintroduce the luxury vehicle tax or other tax measures to save the economy from collapsing.   Speaking to Asaase News, Asuming said the government can consider addressing some of the teething …

Workers of the Produce Buying Company (PBC) will have their 2022 August salaries delayed because the firm is financially distressed. PBC management in a statement issued today, September 6, 2022, asked staff to “bear with them in these difficult times.” An internal circular sighted by TodayGhanaMedia.com, noted that: “We wish …

The MD of the International Monetary Fund (IMF), Kristalina Ivanova Georgieva-Kinova has attributed the current economic challenge facing Ghana to external factors such as the Russia-Ukraine war and the COVID-19 pandemic.   Speaking at the ongoing Africa Climate Change Adaptation Summit in the Netherlands, Georgieva-Kinova said the current global challenge …