Non-traditional exports hits US$2.8bn in revenue

Non-traditional exports hits US$2.8bn in revenue

Ghana’s Non-Traditional Exports (NTEs) has shown a growth of 10 percent in 2018, the highest in recent years, largely driven by the performance of the cashew industry. According to the Ghana Export Promotion Authority report, more than US$2.8 billion was realised last...
Mobile money driving financial inclusion in Ghana

Mobile money driving financial inclusion in Ghana

The value of mobile money transactions has more than quintupled in the past four years, giving a strong affirmation that the mobile money platform is the biggest tool driving the financial inclusion agenda of Ghana. The Payment Systems Oversight Annual Report for 2018...
Talk tax in Ghana increased to 9%

Talk tax in Ghana increased to 9%

Mobile phone users will soon see an increment in their call time bills as a new tax dubbed the communication service tax has been announced in Ghana. This is a 3-percentage point increment from the previous rate consumers paid on talking on phone. This was announced...
Ghana launches a new payment card

Ghana launches a new payment card

The Ghana Interbank Payment and Settlement Systems (GHIPSS) has launched a new electronic payment system dubbed ‘GH Dual Card’, which is a two-in-one card that allows both E-zwich and gh-link transactions. The function of the card is to give users access to money...
Ghana withdraws Luxury Vehicles Levy

Ghana withdraws Luxury Vehicles Levy

Government has withdrawn the Luxury Vehicle Levy after car dealers and private citizens expressed concerns over its introduction a year ago. Parliament, last year August, passed a law for taxes to be placed on vehicles with engine capacity of 2950 Cubic Centimetres...
Ghana wants to be a petroleum hub in Africa by 2030

Ghana wants to be a petroleum hub in Africa by 2030

Plans are still ongoing to make Ghana, an exporter of crude oil, a petroleum hub in the sub-region by 2030. The hub, which will be established in the Western Region, the region where the oil was discovered in Ghana, is expected to cost around US$60 billion. The hub...
Inflation drops in June to make way for policy rate cut

Inflation drops in June to make way for policy rate cut

The general price levels of goods and services, for the second time since the beginning of the year, has seen another drop, making a strong case for the central bank to consider a policy rate cut later this month. Data released by the Ghana Statistical Service (GSS)...