Business News of Thursday, 25 April 2024 Source: GNA   Commissioner-General of GRA, Julie Essiam   Resident persons who fail to disclose their income earned from abroad for tax regularisation risk sanctions including criminal prosecution, the Ghana Revenue Authority (GRA) has cautioned. Commissioner-General of GRA, Julie Essiam, said the Authority would further impose penalties for making false or misleading state­ment, as specified under ...

Business News of Tuesday, 23 April 2024 Source: GNA Cedi   Fitch Solutions, an international rating agency, has said the Ghanaian cedi will bounce back to an appreciating trajectory very soon. The rating agency said factors, notably the progress the government had made regarding the restructuring of its commercial debt, would strengthen the cedi. The rating agency said it expected that ...

Business News of Tuesday, 23 April 2024 Source: www.ghanaweb.com Julie Essiam, Commissioner-General of the GRA The Ghana Revenue Authority (GRA) has provided clarity on the tax status of individuals who earn incomes abroad and whether they are deemed by the tax laws as “resident individuals” for tax purposes. In a statement issued by the Authority on April 22, 2024, it outlined that the ...

General News of Tuesday, 23 April 2024 Source: www.ghanaweb.com The Ghana Card | File photo The National Identification Authority (NIA) has announced that effective May 1, 2024, it will begin charging new rates for some services. A public notice posted on their Facebook page that the adjustments were in line with the Fees and Charges (Miscellaneous Provisions) Regulations, 2023 (L.I. 2481) ...

Business News of Monday, 15 April 2024 Source: www.ghanaweb.com play videoJulie Essiam is the Commissioner-General of the GRA The Ghana Revenue Authority (GRA), led by Commissioner-General, Julie Essiam, has announced a new compliance measure targeting the foreign income of resident Ghanaians. This initiative is set to replace the suspended Value Added Tax (VAT) on electricity and aims to generate sustainable revenue beyond 2024. ...

Business News of Tuesday, 16 April 2024 Source: www.ghanaweb.com play videoJulie Essiam, Commissioner-General of the GRA The Ghana Revenue Authority (GRA) has announced a voluntary disclosure opportunity for taxpayers to declare their foreign income accounts within three months, starting from May 1, 2024. According to the authority, taxpayers who comply with this directive will have the interest on their accounts waived. In a ...

Business News of Sunday, 14 April 2024 Source: www.ghanaweb.com   play videoDr. Ernest Addison, Governor of Bank of Ghana   Bank of Ghana governor, Dr. Ernest Addison, has said discussions have been had with the just-ended IMF Mission team to Ghana on the impact of the Domestic Debt Exchange Programme (DDEP) and the losses incurred on the central bank’s balance sheet. The central ...

Business News of Sunday, 14 April 2024 Source: GNA Dr Mohammed Amin Adam, Finance Minister The government is determined not to overburden Ghanaians with the payment of more taxes, Dr. Mohammed Amin Adam, the Finance Minister, has assured. Rather, the government would ‘use the hard way’ to collect revenue from those who have not been paying the appropriate taxes, as well ...

Business News of Sunday, 14 April 2024 Source: www.ghanaweb.com   Former French Ambassador to Ghana, Anne Sophie Ave Former French Ambassador to Ghana, Anne Sophie Ave, has cautioned against the use of middlemen to secure travel visas, especially to parts of Europe. She asserted that some individuals continue to pay these middlemen huge sums of cash in hopes of securing a ...

Business News of Saturday, 13 April 2024 Disclaimer Source: imf.org Kristalina Georgieva, IMF Managing Director The Executive Board of the International Monetary Fund (IMF) on April 12, 2024 selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024. The Board’s decision was taken by consensus. In line with the selection process it had established ...