The Nigerian Economic Summit Group (NESG) has voiced its concerns regarding the Federal Government’s proposed 0.5 percent cybersecurity levy, warning that it could undermine efforts to achieve 95 percent financial inclusion by 2025. In a recent report, the NESG highlighted that the timing of the levy could hinder the Central Bank’s initiatives aimed at promoting … Read more
The Ghana Stock Exchange (GSE) has achieved a historic milestone with its market capitalization soaring to an unprecedented GH¢80.20 billion in April 2024. This remarkable achievement reflects substantial gains in the share prices of various companies, indicating robust market sentiment and heightened investor confidence. According to the GSE’s April 2024 Summary of Market Activities, the … Read more
The Ghana Revenue Authority (GRA) has reported a significant increase in revenue following the successful pilot of its Electronic Value Added Tax (e-VAT) system. According to the GRA, the pilot phase, which concluded recently, led to a remarkable 58% boost in VAT revenue, equivalent to an additional GH¢384 million. During the pilot phase, the electronic … Read more
Joseph Boahen Aidoo, the Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), emphasized the crucial role of cocoa in Ghana’s economic landscape. Speaking on the “Your Ghana, My Ghana” show on Graphic’s Online TV, Aidoo underscored the significance of the cocoa sector, labeling it as the “oxygen” of the nation’s economy. Aidoo elucidated … Read more