Parliament Repeals Betting Tax as Income Tax (Amendment) Bill Passes
Parliament Repeals Betting Tax as Income Tax (Amendment) Bill Passes Parliament has passed the Income Tax (Amendment) Bill, effectively abolishing the controversial betting tax. The bill now awaits President John Mahama’s assent to become law. The betting tax, imposed on sports betting and related wagers, had faced widespread opposition from industry players and the public. […]
Ghana’s total public debt falls to GH¢726.7bn in December 2024; fiscal deficit-to-GDP estimated at 5.2%
Ghana’s total public debt fell by GH¢15.8 billion month-on-month to GH¢726.7 billion in December 2024, the Bank of Ghana has disclosed in its March 2025 Summary of Financial and Economic Data. In November 2024, the country’s total public debt stood at GH¢742.5 billion. However, in dollar terms, the total debt stock was estimated at US$49.4 […]
GBfoods Ghana Strengthens Trade Partnerships with Key Distributors
‘Hosts inaugural Conference to drive business growth’ GBfoods Ghana, a leading food manufacturing company and market leader in tomato cooking bases and taste enhancers, has successfully hosted its inaugural Key Distributor Conference. The event, held in Accra and Kumasi, brought together key trade partners from across the country to discuss business strategies, enhance collaboration, and […]
Fight against corruption: Team Europe launches 12.7m euros project
Team Europe (European Union and Germany) have announced the launch of a 3-year “Strengthening the Rule of Law and Fight Against Corruption in Ghana” project as part of a broader initiative to support good governance and foster accountability in Ghana under the programme “Participation, Accountability and Integrity for a Resilient Democracy” (PAIReD). PAIReD is commissioned […]
PwC Pre-Budget Survey: Between 60% and 70% of business leaders want solutions that will stabilise economy
Between 60% and 70% of business leaders want the government to prioritise solutions that would result in the Ghanaian economy in a stable and stronger Ghana cedi, reduced public debt, and low interest rates. Over 50% also expect the 2025 Budget to help bring inflation to single-digit. According to the PwC Ghana 2025 Budget Digest, […]
President orders audit of SOEs – Exercise to block inefficiencies, deliver value
President John Dramani Mahama has instructed the State Interests and Governance Authority (SIGA) to commission independent audits of state-owned enterprises (SOEs) to identify inefficiencies and financial leakages, emphasising that the government will not sustain entities that fail to deliver value to the nation. The directive aims to align SOEs with the country’s economic goals […]
Only three SOEs paid dividends in 2024 – Finance Minister raises alarm over losses
The Minister of Finance, Dr Cassiel Ato Forson, has revealed that only three State-Owned Enterprises (SOEs) managed to pay dividends to the government in 2024, exposing the worsening financial health of Ghana’s public institutions. Speaking at the President Mahama Meets CEOs of Specified Entities under SIGA event on March 13, 2025, Dr Forson named the […]
GPHA, GSA collaborate to reduce cost of doing business at ports
The Ghana Ports and Harbours Authority (GPHA) and the Ghana Shippers’ Authority (GSA) have reaffirmed their commitment to working together to reduce the cost of doing business at Ghana’s ports. This initiative aims to enhance efficiency, attract more local and transit customers, and support the government’s economic reset agenda. The commitment was revealed during a […]
LIST: See the top 10 exports from Ghana in 2024
Ghana’s export sector experienced a \surge in 2024, with total exports reaching GH₵294.9 billion, significantly surpassing imports of GH₵250.2 billion and generating a trade surplus of GH₵44.7 billion, according to the Ghana Statistical Service (GSS) Trade Report. The report highlights that just three commodities—gold, petroleum, and cocoa—accounted for 78.2 percent of Ghana’s total export revenue. […]
24-hour economy and $10bn infrastructure plan will drive Ghana’s growth – Mahama
President John Dramani Mahama has outlined plans to reshape Ghana’s economy through a 24-hour economy policy and a $10 billion infrastructure project, aimed at boosting job creation, industrial growth, and reducing reliance on foreign aid. Speaking at Ghana’s Independence Day celebration on March 6, 2025, Mr Mahama stressed the need for a shift in the […]