Business News of Wednesday, 2 July 2025 Source: www.ghanaweb.com The levy is designed to strengthen energy infrastructure financing Following a one-month suspension of the amended Energy Sector Levies Act, 2025 (Act 1141) popularly referred to as the fuel levy, the Ghana Revenue Authority (GRA) has announced that the levy will now take effect on Wednesday, July 16, 2025. In a statement signed by ...

Business News of Saturday, 14 June 2025 Disclaimer Source: starrfm.com.gh  IMF Director of Communications, Julie Kozack, The International Monetary Fund (IMF) has endorsed the introduction of a GH¢1 per litre levy on refined petroleum products, set to take effect on June 16, 2025. This levy, part of the amended Energy Sector Shortfall and Debt Repayment Levy, is intended to generate critical ...

Business News of Wednesday, 4 June 2025 Source: www.ghanaweb.com   File photo of Cedi notes Ghana’s local currency, the cedi, continues to appreciate on the interbank market against major trading currencies, particularly the US dollar. In its daily update, the Bank of Ghana noted that the cedi is trading at a buying price of GH¢10.24 and a selling price of GH¢10.25 to the ...

General News of Tuesday, 3 June 2025 Source: www.ghanaweb.com play videoMinister of Finance, Dr Cassiel Ato Forson Members of Ghana’s Parliament resumed sitting on Tuesday, June 3, 2025, as the legislative body reconvened to address pressing national issues. Several ministers of state have been summoned to appear before the House to respond to urgent questions related to their respective sectors. These sessions are ...

General News of Wednesday, 4 June 2025 Source: www.ghanaweb.com   Ghanaians will now pay GH¢1 on petroleum products The government’s introduction of the GH¢1 fuel levy under the Energy Sector Levy has sparked mixed reactions among netizens on social media, who have drawn parallels to the time when E-Levy was passed under the previous government. As a result, E-Levy is trending ...

Business News of Thursday, 29 May 2025 Disclaimer Source: mynewsgh.com File photo of Cedi and US Dollar notes Africa Policy Lens (APL), a Policy Research and Analysis Organisation has commended Ghana’s recent macroeconomic progress but warned that the appreciation of the cedi could be short-lived if not supported by deeper structural reforms. According to APL, while the cedi has appreciated significantly ...

Business News of Wednesday, 28 May 2025 Source: www.ghanaweb.com Professor Vladimir Antwi-Danso, IEA Fellow The Institute of Economic Affairs (IEA) has issued a stark warning about the future of the Ghanaian cedi, cautioning that the local currency could face significant depreciation by the end of the year if urgent steps are not taken to boost local production and drive export-led growth. ...

Business News of Tuesday, 27 May 2025 Source: www.ghanaweb.com President John Dramani Mahama hints at exiting the IMF program in 2026 The Country Managing Partner of Deloitte Ghana has urged the government to consider extending the International Monetary Fund (IMF) program by a year or two because of the numerous gains the country has achieved so far. Ghana signed onto an IMF bailout ...

Business News of Sunday, 25 May 2025 Source: www.ghanaweb.com Car dealers predict drop in prices as cedi strengthens against US dollar   Some imported vehicles at a garage Some vehicle dealers in Ghana are expressing optimism that the cost of vehicles, especially second-hand imports, could drop in the coming months, if the Ghanaian cedi continues its recent upward trajectory against the ...

Business News of Sunday, 25 May 2025 Source: www.ghanaweb.com play videoFormer Vice President, Dr Mahamudu Bawumia The former Vice President, Dr Mahamudu Bawumia, has explained the rationale behind his administration’s decision to implement the gold purchase programme. According to him, the policy led to an increase in Ghana’s gold reserves from 8.7 tonnes to 30 tonnes. He noted that rather than ...