Banks begin scrapping 3% FX cash withdrawal charge
Some commercial banks in Ghana have begun reversing the controversial 3 percent charge on foreign exchange (FX) cash withdrawals as a relief for customers who have long opposed the levy. Fidelity Bank is among the first to officially scrap the fee. The bank announced that effective Monday, November 10, 2025, it has removed the 3 […]
Bank of Ghana introduces new FX operations framework
The Bank of Ghana (BoG) has rolled out a new Foreign Exchange (FX) Operations Framework aimed at enhancing transparency, strengthening market confidence, and ensuring stability within the country’s foreign exchange market. The new framework, approved by the BoG Board, marks a major policy shift designed to clarify the objectives, principles, and operational processes guiding the […]
2026 Budget: Ato Forson scraps COVID-19 levy, announces major VAT reforms
Finance Minister Dr Cassiel Ato Forson has officially abolished the COVID-19 levy as part of the 2026 Budget, aimed at boosting household income, supporting businesses, and driving economic transformation. Presenting the budget on Thursday, November 13, under the theme “Resetting for Growth, Jobs, and Economic Transformation,” Dr. Forson announced a series of VAT reforms designed […]