IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

Ahead of the commencement of in-person meetings between the Government of Ghana and the delegation from the International Monetary Fund on Wednesday 6th July 2022, the Director of the Institute for Statistical, Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey believes the Fund will reject any program that will see …

KGL Group hosts Nigeria Lottery Regulatory Commission CEO Mr. Lanre Gbajabiamila

The Chief Executive Officer of the Nigeria Lottery Regulatory Commission, Mr. Lanre Gbajabiamila, paid an official courtesy call to the KGL Group as part of his familiarization visit to the Ghana National Lottery Authority – NLA – on the First of July 2022. Mr. Gbajabiamila, accompanied by Mr. Samuel Awuku, the Director General of Ghana’s …

We’re not charging E-levy on merchant accounts – GRA

The Ghana Revenue Authority (GRA) has denied reports on various social media platforms indicating that the authority will from today, Friday, July 1, 2022, begin charging the 1.5 percent Electronic Transfer Levy (E- Levy) on merchant SIM cards. According to the authority, the levy does not apply to specified merchant payments per section 2 (2) …

GHASALC laments drop on number of digital transactions following e-levy

The Ghana Association of Savings and Loans Companies (GHASALC) has lamented the impact of the electronic transfer levy (e-levy) on its operations. Board Chairman of GHASALC, Kwame Owusu-Boateng, tells Citi Business News despite the drop in transactions since the implementation of the e-levy, his outfit is doing its best to educate its customers to continue …

Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

Consumers of petroleum products, can heave a sigh of relief as the price of petrol is expected to go down by about 4 percent per litre at the various pumps in the country in the 1st pricing window of July. This is according to a recent analysis by the Institute for Energy Security (IES). This …

Leverage crises to improve fortunes of continent – Ofosu-Dorte

Senior partner at AB and David law firm, David Ofosu-Dorte is admonishing African governments and businesses to leverage crises to improve the fortunes of the continent. According to him, this will make the continent more resilient and self-sufficient. Speaking at the Citi TV and ISSER’s Cedi Summit in Accra, David Ofosu-Dorte, noted that every crisis …

Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

As part of efforts to address the various macro-economic challenges facing the Ghanaian economy in recent times, Director of the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey is calling for targeted fiscal policy and subsidy interventions. This comes on the back of the continuous fuel price hikes …

Police goes to court over ‘Arise Ghana’ night demo, Jubilee House picketing

The Police have dragged the organisers of Arise Ghana to court over the group’s planned demonstration. The leadership of Arise Ghana had notified the Police of its intention to hold its demonstration in the capital, Accra for two continuous days and for its members to also picket in front of the Jubilee House during the …