HomeBusinessBusiness

Business

Ghana Shippers Authority holds 8th media forum

The Ghana Shippers Authority (GSA) has held its 8th consultative media seminar. The event, in collaboration with the Ghana Journalists Association (GJA), took place...

Ghana gets $540m from petroleum revenue fund in 6 months

The latest report from the Public Interest Accountability Committee’s (PIAC) 2023 semi-annual report has shown that Ghana made a total $540 million in revenue...

Abossey Okai Spare Parts Dealers announces closure of shops

The Abossey Okai Spare Parts Dealers have resolved to close down shops on November 1, 2023, to protest actions by the Ghana Revenue Authority...

2024 Budget should be heavily devoted to job creation — GFL

The Ghana Federation of Labour (GFL) expects the 2024 Budget to be devoted to job creation in both the private and public sectors and...

Some OMCs reduce prices of petroleum products

Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps. The reduction comes after the Institute of Energy Security (IES)...

2024 budget won’t increase public spending — Finance Minister

Government has given an assurance that it will restrict itself to budgeted expenditure, despite 2024 being an election year. The Minister of Finance, Ken Ofori-Atta,...

DDEP has been successfully completed – Ofori-Atta

The Minister of Finance, Ken Ofori-Atta, has indicated that the Domestic Debt Exchange Programme (DDEP) has been successfully completed, providing much-needed breathing space. This quells...

External debt restructuring: Eurobond holders to face nominal ‘haircut’ of between 30-40%

Finance Minister, Ken Ofori-Atta, has stated that Eurobond holders may face a nominal haircut of between 30% and 40% as part of the restructuring...

World Bank sets $300m in budget support to Ghana in December

The World Bank is expected to advance $300 million in budget support to Ghana in December 2023. JoyBusiness picked up from persons with knowledge of...

20 taxes and levies charged on imported food products in Ghana

Importing food products into Ghana comes with a hefty price tag, as importers face a multitude of taxes and levies that contribute to the...

NPA sanctions seven OMCs for illicit fuel distribution

The National Petroleum Authority (NPA) has sanctioned seven Petroleum Products Marketing Companies (PPMCs) for illicit distribution of petroleum products. They are to pay fines for...

SEC sends important message to Gold Coast customers

The Securities and Exchange Commission (SEC) has pointed out that the Ministry of Finance cannot be blamed for the delay in payment of bailout...

Egypt’s high-quality ceramic products find new market in Africa

In an endeavour to expand its market reach, Egypt is gearing up to introduce its superior ceramic products and top-notch building materials to the...

Apply human face to tax compliance enforcement – GGEA to GRA

The Ghanaian German Economic Association (GGEA) has called on the Ghana Revenue Authority to apply a human face to its tax enforcement actions being...

Natural resource-backed loans disaster for Africa – IMF, AfDB warns

The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group urging countries in Africa to stop borrowing loans...

Aggrieved Gold Coast Fund customers to picket at Finance Ministry today

Aggrieved customers of the defunct Gold Coast Fund Management will picket at the premises of the Ministry of Finance on Tuesday, October 10, 2023,...

Ghana is one of best places to do business in Africa – CWEIC

Talk to anybody in the know about Africa, and you’ll soon find that Ghana is internationally recognised as one of the best places to...

Cedi to appreciate by 1.0% to dollar in 2024 – Fitch Solutions

The Ghana cedi is expected to strengthen by roughly 1.0% to the US dollar in 2024, Fitch Solutions has disclosed in its latest Country...

GRA chases more businesses violating Ghana’s tax laws

The Ghana Revenue Authority (GRA) has said it has identified a number of businesses that are violating tax laws through its ongoing VAT enforcement...

Government plans comprehensive redesign of E-Levy

Government has unveiled plans for a substantial overhaul of the Electronic Transfer Levy as part of its Medium Term Revenue Strategy. This move signifies a...

TOR reacts to GTPCWU’s alleged mismanagement

The Board of Directors (BoD) of the Tema Oil Refinery (TOR) has refuted the General Transport and Petroleum Chemical Workers Union's (GTPCWU) claims of...

Luv FM Republic Bank Habitat Fair kicks off with exciting packages

The Luv FM Republic Bank Habitat Fair kicked off at the Kumasi City Mall on Friday, October 6. Day one offered great deals, exciting discounts,...

This is how much GRA has made from betting tax so far

The Domestic Tax Revenue Division of the Ghana Revenue Authority (GRA) says it has generated GH¢15 million from the recently implemented bet tax within...

GRA justifies decision to tax bloggers, brand influencers, MCs

The Ghana Revenue Authority (GRA) has defended its decision to impose taxes on bloggers, brand influencers, and Masters of Ceremonies (MCs). The Commissioner in charge...

ECG, GWCL, NEDCo pay GH¢I.2m as compensation to customers  

The Electricity Company of Ghana (ECG), Ghana Water Company Limited (GWCL), and Northern Electricity Company (NEDCo) have paid a total of GH¢1,297,118.17 to customers...

Next IMF tranche to be released in November – IMF boss

Ghana, the recipient of a $3 billion IMF support package, is currently undergoing its first program review, set to conclude in November, the IMF...

How Ghana’s Central Bank lost $5bn in one year

Ghana - once touted as a trailblazing African economic success story - is facing an unprecedented financial crisis. This week, hundreds of protestors took to...

World Bank Africa Pulse Report: Ghana’s inflation 4th highest in Sub-Saharan Africa

Ghana’s inflation of 40.1% is the 4th highest in Sub-Saharan Africa in 2023, the World Bank October 2023 Africa Pulse Report has revealed. Zimbabwe is...

Ghana’s fiscal deficit to remain elevated in 2023 – World Bank

Ghana’s fiscal deficit is expected to remain elevated in 2023. According to the October 2023 World Bank Africa Pulse Report, the deficit in Ghana...

Fuel prices go up; petrol at ¢13.49, diesel going for ¢13.95

Some oil marketing companies have adjusted prices of petroleum products at the pumps. Joy Business is learning that the review was carried out from Tuesday,...

Govt to automate pensions regulation – Employment Minister  

The Minister for Employment and Labour Relations, Ignatius Baffour Awuah says the government is working towards automating the regulation of pensions in the country. ...

Ghana loses GH¢49.5 million to cyber fraud in nine months

Ghana has reported a loss of GH¢49.5 million in the first nine months of the year due to cyber fraud activities, according to the...

TOR staff raise alarm over formation of subsidiary companies

Some workers of the Tema Oil Refinery (TOR) have raised alarm over government’s plans to revamp the operations of the refinery through Torentco Asset...

BoG’s ¢60b loss is abnormal and beyond the bank’s control – Expert

The Minority in Parliament, alongside some Ghanaians, protested against the Bank of Ghana Governor, Ernest Addision and his deputies following a staggering ¢‎60 billion...

Let’s deepen democracy, good governance to attract investments — ECOWAS Bank

The ECOWAS Bank for Investment and Development (EBID) has called for a deepening of democracy and good governance in the West Africa sub-region to...

Fish farmers lose ₵46m worth of fish stock due to Akosombo Dam spillage

The Chamber of Aquaculture Ghana has disclosed that fish farmers along the Volta Lake have lost live fish stock worth ₵46 million due to...

UPSA ‘Night with CEOs and Business Leaders’ honours Sammy Awuku

The inaugural edition of 'A Night With CEOs and Business Leaders' hosted by the University of Professional Studies Accra (UPSA) saw Samuel Awuku, the...

QNET introduces WhatsApp hotline to clamp down on scammers

QNET, a global lifestyle and wellness company that employs a direct selling business model, says it is committed to transparency and taking decisive action...

TAGG berates GRA’s statement on custom monitoring taskforce

The Trade Advocacy Group Ghana (TAGG) has accused the Customs Division of the Ghana Revenue Authority (GRA) of misleading Ghanaians. According to TAGG, GRA...

Cocoa Price: Stop comparing Ghana to Cote D’Ivoire – GAWU to govt

The General Secretary of the General Agricultural Workers' Union (GAWU), is asking the government to stop comparing Ghana to Cote d’Ivoire when it comes...