Month: January 2023

International Monetary Fund Managing Director, Kristalina Georgieva on Sunday confirmed that Ghana has sought debt treatment under the Common Framework platform supported by the Group of 20 major economies. Reuters reported that Ghana requested on Tuesday to restructure its bilateral debt under the Common Framework platform supported by the G20, according to a source familiar with the… Continue reading IMF’s Boss confirms Ghana seeking debt treatment under G20 Common Framework

The first consignment of the Gold for Oil Policy by the government to stem the increasing depreciation of the cedi against the major currencies has arrived at the Tema Port and discharged into the receptacles of Bulk Oil Storage and Transportation Company (BOST), Graphic Online has gathered. The 41,000 metric tonnes of the petroleum products… Continue reading Ghana’s gold swap for oil: 40,000 Metric tonnes of fuel under policy delivered.

The Ghana Revenue Authority (GRA) has responded to Telecommunication giant, MTN following the latter’s reaction to a notice of tax assessment served by the Authority. MTN had raised issues with a $773 million back-tax bill, including penalties and interest charges in Ghana. The company had said it was going to fight the ‘inaccurate’ assessment because… Continue reading GRA replies MTN over $773m tax bill.

The Association of Road Contractors Ghana has accused the Social Security and National Insurance Trust (SSNIT) and the Ghana Revenue Authority (GRA) of killing business in the road construction sector. The Association says though government owes them in excess of GH¢5 billion, both SSNIT and the GRA fail to consider the debts owed them and… Continue reading Road contractors accuse SSNIT, GRA of killing sector

Government’s deadline for bondholders to sign onto the domestic debt exchange programme expires today, Monday, January 16, 2023. In its quest to address the country’s ongoing economic challenges, the government launched the programme to invite holders of bonds to voluntarily exchange approximately GH¢137 billion domestic notes and bonds of the Republic including ESLA and Daakye… Continue reading Deadline for signing up to Debt Exchange Programme expires today.

The Office of the Registrar of Companies (ORC) has announced an increment in the fees and charges on all transactions including Incorporation and Registration of Businesses, Amendments, and the filing of Annual Returns. The increment took effect on Sunday, January 1, 2023. The increment according to the Office of the Registrar of Companies is in… Continue reading Registrar of Companies increases fee for business registration.

President Nana Addo Dankwa Akufo-Addo, left Ghana on Saturday, 14th January 2023, to lead Ghana’s delegation to the Abu Dhabi Sustainability Week, in Abu Dhabi, in the United Arab Emirates (UAE). The Abu Dhabi Sustainability Week (ADSW) is a global initiative championed by the UAE and its clean energy powerhouse Masdar to accelerate sustainable development… Continue reading Akufo-Addo leaves for Abu Dhabi, London

Alan John Kwadwo Kyerematen, the NPP presidential candidate hopeful at Manhyia Palace

Ghana trailblazer and singer, Black Sherif, has been honoured by BBC 1 Xtra as he is part of artistes to lookout for on the station’s prestigious Hotfor2023 campaign. Blacko was chosen alongside several incredible artists who are tipped to excel in 2023 and beyond, according to the British black music powerhouse. Some of the artists… Continue reading Black Sherif shortlisted for BBC 1 Xtra Hotfor2023 campaign

Scancom PLC, owners of MTN Ghana has pushed back on an alleged tax infringement placed on the company by the Ghana Revenue Authority (GRA) between 2014 and 2018. The telecommunications company says it is a tax compliant corporate citizen and the tax liability notice of GH¢8,209,603,842.14 (US$773 million) issued against it by the GRA is unacceptable. The… Continue reading MTN Ghana disputes GH¢8billion tax liability