Absa Bank Ghana is working with Amazon Web Services (AWS) to provide cloud computing skills in. The partnership allows Absa to identify an implementing partner in Ghana to train and …
ghana
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AfricaAmazonBanking, Finance & InvestmentInformation TechnologyNewsTechnologyWestern Africa
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AfricaBusinessGlobal NewsNewsTechnologyTelecommunicationsWestern Africa
Telecel Group to take over Vodafone shares in Ghana
Vodafone, British telecom group has announced plan to sell its 70% stake in Vodafone Ghana to Telecel Group. The transaction, which is still subject to “certain conditions”, will allow the …
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Ghana’s inflation rate jumped to the highest level in more than 18 years in May as food and transport costs surged. Annual inflation accelerated to 27.6%, the fastest pace since …
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Business and EconomyWestern Africa
Central Bank of Ghana raises interest rates again as inflation keep rising
The central bank of Ghana has raised its main interest rate by 200 basis points to 19% to control inflationary pressures and promote macroeconomic stability, Ernest Addison governor of the …
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Cocoa has been Ghana’s main commercial crop for several decades and although the West African country is the second largest cocoa producer and exporter in the world, some are still …
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Finance & ServicesWestern Africa
Discussions to exempt investment transactions from E-Levy Begins; SEC Finance Ministry
The Securities and Exchange Commission (SEC) has begun working with the Ministry of Finance (MoF) regarding the potential exemption of investment transactions from the Electronic Transaction Levy (E-Levy). It however …
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The E-levy bill, passed on Tuesday will introduce a 1.5 percent tax on electronic money transfers and transactions. President Nana Akufo-Addo’s has said the move will help address problems from …
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Oil & GasWestern Africa
“Removing Tax on petroleum products will reduce Government revenues by some four billion cedis” President Akufo-Addo
President Nana Addo Dankwa Akufo-Addo says reducing taxes on petroleum products will not be in the interest of the nation. He said the suggestion was not a sustainable one because, …
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This comes after several criticisms from a large portion of the Ghanaian population since its announcement in November 2021 by the country’s finance minister. Some industry stakeholders have supported the …