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GRA to introduce mobile payment in widening tax net

The Ghana Revenue Authority (GRA) plans to introduce the payment of Vehicle Income Tax (VIT), Personal Income Tax and e-tax stamp via mobile phones in order to widen the tax net. Speaking at a sensitisation programme for stakeholders, Mr Kwasi Bobie-Ansah, the Head of Communication and Public Affairs at the …

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Banks added GH¢4bn in fresh capital — Dr Bawumia

The Vice-President, Dr Mahamudu Bawumia, has praised the recently concluded banking sector reform exercise as a timely intervention that has injected in excess of GH¢4 billion in fresh capital into the banking industry. The clean-up has also created a well-capitalised and liquid banking sector that is well-positioned to improve the …

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BoG to release new cedi notes on May 6

Newly printed cedi notes with security-enhanced features are set to be released by the Bank of Ghana (BoG) on May 6. The new 10, 20 and 50 cedi notes will come with what the central bank said is “improved durability and machine readability”. It is unclear what triggered the move, …

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Imports duty reduced by 50%, cars 30% effective April 4

Government says effective Thursday, April 4, there will be a reduction in import duty at all of the country’s ports. Vice President Dr. Mahamudu Bawumia, who disclosed this at the Economic Management Team (EMT) town hall meeting Wednesday, said, imports duty will be reduced by 50 per cent while importers …

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