The Ghana Revenue Authority (GRA) is gearing up to raise taxes from professional service activities in a bid to meet its tax targets. Government has set a tax revenue target of GHc58.9 billion in the 2019 budget, which is about 25.9 percent higher than the GHc46.8 billion targeted in the 2018 budget. Domestic revenue estimated at GHc57.8 billion is expected ...

The Ministries of Business Development and Local Government and Rural Development intend to spearhead a project that seeks to attract Ghanaians in the diaspora to invest in various sectors of the economy. Importantly, the initiative will deliberately seek to attract such investments into the country’s hinterlands in an effort to achieve spatial diversification in an economy where more 90 percent ...

The Ministry of Agriculture has targeted 1 million farmers to benefit from subsidized fertilizer in its Planting for Food and Jobs program in 2019. This target was raised from that of 700,000 following improved numbers of farmers who got covered in 2018. In all, 300,000 metric tons of inorganic fertilizers and 200,000 metric tons of organic fertilizer worth GHc400 million ...

The Accra-Nsawam train service will be ready and working by the end of January 2019. That’s according to the Chief Executive Officer of the Ghana Railway Development Authority, Richard Dombo. Speaking on the Citi Breakfast Show, he said after all the test runs are done on the railway line, the trains will be up and running. “We are looking at ...

Myjoyonline.com is learning that galamsey queen, Aisha Huang, has been deported from Ghana. Aisha Huang was deported shortly before 2pm Wednesday, via an Ethiopian Airways flight after the government said she had been living in Ghana with forged travel documents. Her deportation means the state discontinued the trial against the Chinese who had been charged with undertaking small-scale mining operations, ...

President Nana Addo Dankwa Akufo-Addo on Monday assured the International Monetary Fund (IMF) that Ghana would not engage in reckless borrowing and economic indiscipline that created the situation where the country had to resort to a bail out from the fund in the past. He said the government would continue with the prudent economic management, adding that a fiscal rule ...

All validated small scale mining companies and groups cleared to begin mining operations in the country have been given up to Friday, March 29, 2019 to have insurance policy. Again, they are required to have tax identification number (TIN) and secure social security for all their employees by the set date. The directive from government forms part of the requirements ...

Managing Director of the IMF, Christine Lagarde has warned government against excess borrowing, stating that it could derail economic gains achieved by the country. Madam Largarde is in the country for a two-day visit to complete processes for Ghana’s exiting of the programme with the IMF. Speaking at a conference organized by her outfit in Accra, the IMF boss said ...

It took the intervention of the Second Deputy Speaker of Parliament, Alban Bagbin, to convince the minority members to stay in the chamber on Saturday to approve the budget estimates of the Ministry of Regional Reorganisation and Development, after swearing to boycott the process. The ministry had been allocated GH¢122.9 million in the 2019 budget for its operations in 2019 ...

Over $10 billion worth of Gold shipped out of Ghana between 2014 and 2016 unaccounted for, a report by the Civil Society Platform on Oil and Gas has said. According to the Chairman of the Civil Society platform, Steve Manteaw, failure by the Ghana Revenue Authority (GRA) to track the actual amount of gold exported from Ghana resulted in the ...