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 […]
Inclusive, measurable industrial growth tied to sustainable procurement— NPSC 2026 reaffirms
President of the Ghana Institute of Procurement and Supply (GIPS), Dr. Simon Annan, has made a strong case for procurement and supply chain to be positioned as a strategic driver of inclusive and measurable national development, rather than being treated merely as a transactional or administrative function. “This is the time for the nation to […]
Gov’t moves to ease clinker import delays at Tema Port
The government has moved to address persistent delays in clinker imports at the Port of Tema, as the Ministries of Transport and Trade, Industry and Agribusiness engage the Ghana Ports and Harbours Authority (GPHA) on measures to improve vessel turnaround and reduce mounting demurrage costs for local cement manufacturers. Transport Minister Joseph Bukari Nikpe and […]
GRA announces major policy proposal under MTS initiative
The Ghana Revenue Authority (GRA) is proposing to extend the Modified Taxation Scheme (MTS) to qualifying small limited liability companies with annual turnover of up to GH¢750,000, in a major policy shift aimed at making the tax system more responsive to the realities of small businesses. The proposed reform will allow eligible businesses operating as […]
Ghana’s inflation rises to 5.0% as non-food prices drive August surge
Ghana’s year-on-year inflation rate increased to 5.0 per cent in August 2026, up from 4.6 per cent recorded in July, according to the latest figures from the Ghana Statistical Service. The 0.4 percentage-point increase marks the second consecutive monthly rise in inflation, signalling renewed pressure on the country’s disinflation gains. However, the August rate remains […]
Ghana economy grows 6% despite slower Q2 expansion
Ghana’s economy grew by 6% in real terms in the second quarter of 2026, but the pace of expansion slowed from the 6.6% recorded in the same period last year, pointing to a moderation in economic activity despite improving price conditions. This is according to the latest GDP data released by the Ghana Statistical Service. […]
Collect GH¢720 port charge before further talks – Govt to shipping firms
The government has told shipping firms and their agents to collect the approved GH¢720 Container Administrative Charge before it will resume negotiations with them over the implementation of the charge. The Minister for Transport, Joseph Bukari Nikpe, said the government’s position follows a court ruling that dismissed an application seeking to block implementation of the […]
AfCFTA digital trade corridor: five things to know
Africa’s drive towards a more connected, digitally enabled single market has taken another significant step forward with the launch establishment of the AfCFTA Digital Trade Corridor. Signed in Accra on 31 August 2026, the initiative is intended to provide digital infrastructure and services that can help businesses trade, make payments, move goods and undertake transactions […]