POLITICS

The decision to raise the Value Added Tax (VAT) by 2.5 percent has been announced by the government. This will raise the tax rate from its existing level of 12.5% to 15.0%. The Finance Minister stated that the review will directly help the digitalization agenda and road development projects when …

According to the government, no new hires would be made to its employees in 2023. From January 2023, according to Finance Minister Ken Ofori-Atta’s office, hiring would cease in the nation’s civil and public sector. He said that this is intended to reduce spending in the future. This information was …

The 2022 Budget Statement and Economic Policy has been referred to as a “Sika mp3 dede budget” by the minority leader in parliament, Haruna Iddrisu. The popular’sika mp3 dede’ that President Nana Addo Dankwa Akufo-Addo used in his final speech to the country inspired the Akan expression, which literally translates …

According to Ghana’s Finance Minister Ken Ofori-Atta, the government plans to encourage the private sector to import substitute select particular items in 2023. On Thursday, November 24, 2022, the minister delivered the 2023 budget statement and economic strategy to parliament. He stated that the targeted products make up around 45% …

The government has lowered the 1.5% to 1% Electronic Transfer Levy rate. The government claims that more Ghanaians would be able to utilize the service as a result. The daily transaction cap of 100 has also been eliminated, though. This was disclosed on Thursday, November 24, during the introduction of …

The Electronic Transfer Levy (E-Levy), which is now imposed at a rate of 1.5 percent, will be reduced to 1.0 percent, according to a proposal made by Finance Minister Ken Ofori-Atta. Ofori-Atta suggested removing restrictions on transfers that will trigger the charge in addition to the rate decrease. “Review the …

Professor Otchere Addai-Mensah, a Senior Lecturer at the Kwame Nkrumah University of Science and Technology, has been chosen by President Nana Akufo-Addo through the Ministry of Health as the next Chief Executive Officer (CEO) of the Komfo Anokye Teaching Hospital (KATH) in Kumasi. Bompatahene Nana Effah Apenteng, the Board Chairman …

Gabby Otchere-Darko, a lawyer and communication strategist, is pleading with the minority to work with the majority caucus in parliament to adopt the 2023 budget. The 2023 budget, according to NPP member Otchere-Darko, is vital and “must suffer a destiny similar to the 2022 budget and its revenue measures.” In …

The 2023 budget is scheduled to be presented on Thursday, November 24, 2022, despite an earlier-but-twice-U-turned demand by some 98 government MPs that a new face other than Mr. Ofori-Atta read the budget. The minority caucus in parliament has claimed that it feels betrayed by the majority caucus regarding the …

The censure motion against Finance Minister Ken Ofori-Atta was rejected by the majority caucus, disappointing the minority in parliament. The Minority submitted a motion to reprimand the Finance Minister for claims of conflict of interest, financial irresponsibility that contributed to the fall of the Ghana Cedi, and egregious economic mismanagement, …