Exporters who fail to repatriate export revenues within the legally mandated time risk penalties of up to 5,000 penalty units or up to 10 years in jail, the Bank of Ghana (BoG) has warned. Exporters have 120 days from the date of shipping to repatriate all profits via their designated banks; the BoG must approve…
In an effort to ease financial hardship and promote adherence to industry standards, the government has announced intentions to cut the GH¢1,070 registration cost for courier firms. The Public Accounts Committee was notified by Hon. Sam George, Minister of Communication, Digital Technology, and Innovation, that a new fees bill would be introduced to Parliament that…
Nartey, Samuel, payment of GHS6.7 million to Smart Infraco Limited in December 2023 was made under his predecessor, not under his government, according to George, Minister of Communication, Digital Technology, and Innovations. Due to the absence of supporting documentation, proof of services delivered, or an explanation for the spending, the payment—which was meant for a…
Last Friday, suspected armed robbers in Ngleshie-Amanfro in Kasoa shot and killed a cab driver, only known as Kwame. Kwame was walking to a neighboring truck stop to pick up a car for work when the incident happened at American Farm at approximately five in the morning. He was ambushed by four armed guys on two…
One Ghana Immigration Service (GIS) officer was killed and another is critically injured in a sad armed assault that occurred Sunday night in Nangani, in the Upper East Region’s Tempane District. Unknown shooters suspected of being bandits operating in the Bawku enclave are said to have carried out the event, which happened at an immigration…
In order to improve operational effectiveness and readiness for changing security threats, the government has announced a significant retooling and modernization of the Ghana Armed Forces (GAF). At the 2025 Land Combat Fire Power Demonstration (LCFPD) at Bundase on October 31, Deputy Minister for Defense Ernest Brogya Genfi launched the project, calling it one of…
Majority members’ frequent absences from Parliament have drawn criticism from the Minority Caucus, which claims that this makes it more difficult for government business to run smoothly. They pointed out that while the NDC has a 189-member supermajority, which is enough to create a quorum and make important decisions, many MPs do not show up…
In an effort to improve regulatory monitoring and recoup any wasted income, the Minerals Commission has begun a countrywide examination of significant mining corporations. Production records, mineral flows, tax and royalty payments, and environmental compliance will all be examined during the ten-year assessment, which will be headed by government auditors, forensic accountants, and independent experts….
As we wait for the 2026 Budget to be presented, FABAG has asked the government to stop what it sees as unfair taxes that are hurting the business. FABAG said in a statement that the sector is still having a hard time because of high import fees, rising production costs, uncertain exchange rates, price pressures,…
The Bank of Ghana, in its noble intent, doth plan to infuse a sum of up to $1 billion into the market in the fair month of November in the year of our Lord, two thousand and twenty-five. This shall be accomplished through its renewed programme for the intermediation of foreign exchange, wherein it shall…
