The first budget speech of Ghana’s new government on 11 March painted a picture of an economy in crisis, facing high debt and fiscal mismanagement. The finance minister, Cassiel Ato Forson, acknowledged that key International Monetary Fund performance targets would be missed and announced drastic spending cuts. However, most Ghanaians just wanted to knowContinue Reading
The Electronic Money Issuers (EMIs) Chamber of Ghana says all E-Levy charges made on mobile money and other electronic transfers from April 2, 2025, will be refunded by April 7. The Chamber represents the body for all Dedicated Electronic Money Issuers (DEMIs) including AT Money, G-Money, Mobile Money Limited, TelecelContinue Reading
The Finance Minister-designate, Dr Cassiel Ato Forson, has vowed to abolish the betting tax and the E-levy in his first budget when he’s approved. Speaking before the Appointments Committee of Parliament on Monday, January 13, Dr Forson argued that the current betting tax has failed to achieve its intended objectivesContinue Reading
Removing the E-Levy and COVID-19 tax is projected to result in a total GHS 22.15 billion revenue loss between 2025 to 2027. The ambitious proposal by the President-elect, John Dramani Mahama to have these tax lines scrapped has sparked concerns about its feasibility, particularly under Ghana’s ongoing IMF-supported programme. TheContinue Reading