GRA targets major reduction in VAT gap by 2028
The Ghana Revenue Authority (GRA) is targeting a reduction in the country’s Value Added Tax (VAT) gap from the current 60% to about 30% by the end of 2028. Commissioner for the Domestic Tax Revenue Division of the GRA, Dr. Martin Kolbil Yamborigya, said the target forms part of the Authority’s VAT Strategic Plan, which […]
BoG pilots direct cedi payments for Ghana-China trade
The Bank of Ghana is facilitating new payment arrangements that could allow Ghanaian businesses to settle trade transactions with China directly in Ghana cedis, reducing their reliance on the US dollar and other third-party currencies. Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, says commercial banks have begun piloting systems that allow Ghanaian […]
BoG to release upgraded Ghana cedi notes on November 3, 2026
The Bank of Ghana (BoG) is set to introduce a new upgraded series of Ghana cedi banknotes to replace the current designs. The new series, to be known as the Heritage Series, will come in the existing denominations of GH¢1, GH¢2, GH¢5, GH¢10, GH¢20, GH¢50, GH¢100 and GH¢200. It will have upgraded designs and enhanced […]