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2023 Budget: E-levy rate reduced to 1% 

The Akufo-Addo-led government has reduced the Electronic Transfer Levy(E-levy) rate from 1.5% to 1%. The daily transaction threshold has also been removed. The government believes this will allow more Ghanaians to use the service which is convenient for a large ...

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2023 Budget: VAT to go up by 2.5%

Finance Minister Ken Ofori-Atta on Thursday (24 November) proposed in the 2023 budget presentation an increment in the Value Added Tax (VAT) by 2.5%. He said the increment has become necessary because of the “demand for roads” in most parts ...

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Petrol and diesel prices likely to go down, LPG to rise – COPEC

The Chamber of Petroleum Consumers (COPEC) is predicting a marginal reduction in prices of petrol and diesel in the next pricing window beginning on Wednesday, November 16. But the price of Liquefied Petroleum Gas (LPG) is predicted to increase. A ...

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Minority charges gov’t to use GHC8b oil profit to cushion citizens

The Minority in Parliament is asking the government to immediately deploy measures to cushion consumers of petroleum products in the country According to the NDC MPs, the government has made supernormal profits from the sale of crude oil as a ...

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Be measured in the margins you put on goods – Akufo-Addo to traders

President Nana Akufo-Addo has appealed to traders not to put huge margins on the goods they sell in the wake of the increasingly high cost of living in Ghana. Many Ghanaians have lamented the frequent increases in the prices of food ...

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Sachet water to sell at 60 pesewas effective Monday

The National Association of Sachet and Packaged Water Producers has announced that sachet water will sell at 60.00pesewas effective Monday, October 31, 2022. This follows an emergency stakeholder engagement on 26th October, 2022, to review the effect of the ever-rising ...

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Akufo-Addo meets AGI, banks, GPRTU, others over economic challenges Today

President Nana Akufo-Addo is scheduled to meet, the Association of Banks, AGI, GPRTU and the members of the Council of State to discuss the way forward for the economic challenges confronting the country on Tuesday. He is set to meet ...

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BoG raises Interest Rate to 24.5% to tame soaring inflation

The Central bank has increased its benchmark interest rate by 250 basis points to 24.5 percent. The hike in rate, the highest in five years seeks to tame the fastest inflation since 2001. The announcement came on Thursday after an ...

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