Day: August 6, 2025

Accra: Mr. Gilbert Yirenkyi Addo, the Associate Director of Business Tax at Deloitte Ghana, has debunked claims by small and medium enterprises (SMEs) that maintaining proper business transactional records leads to higher taxation. According to Ghana News Agency, Mr. Addo clarified this misconception during a one-day SME Business Interaction Session organized by Access Bank (Ghana) PLC in partnership with Deloitte, under the theme ‘SME Financial Empowerment: An Imperative for Business Resilience.’ He emphasized that record-keeping is not solely for tax purposes and that SMEs should not fear that accurate records would result in increased scrutiny by the Ghana Revenue Authority

Accra: The Volta Regional Directorate of the Public Utilities Regulatory Commission (PURC) has successfully resolved 1,348 out of 1,353 complaints lodged against the Electricity Company of Ghana (ECG) and Ghana Water Limited (GWL) in the first half of 2025, achieving a 99.63 per cent resolution rate. According to Ghana News Agency, a press release signed by Mr. Philip Agbezudor, Volta and Oti Regional Manager of PURC, indicated that ECG accounted for 1,180 complaints-87.21 per cent of the total-with 1,175 resolved, reflecting a 99.60 per cent resolution rate. GWL received 173 complaints, all of which were fully addressed. The Commission noted

Accra: The Government has announced the tragic deaths of Dr Edward Kofi Omane Boamah, Defence Minister, and Dr Ibrahim Murtala Muhammed, Minister of Environment, Science, Technology, and Innovation, in a military helicopter crash at the Adansi Area in Ashanti Region. According to Ghana News Agency, others who died in the national tragedy were Alhaji Mohammed Muniru Limuna, Acting Deputy National Security Coordinator and former Minister for Food and Agriculture, and Dr Samuel Sarpong, the Vice Chairman of the National Democratic Congress (NDC) and a former Ashanti Regional Minister. The rest are Mr Samuel Aboagye, a former NDC Parliamentary Candidate for

Accra: The Communications Officer of the Akan New Patriotic Party (NPP), Mr. Frank Adjei-Worlanyo, has criticized the National Democratic Congress (NDC) government for its announcement of a new cocoa price of GHS3,228.00 per 64kg bag, labeling it as a political deceit. According to Ghana News Agency, Mr. Adjei-Worlanyo recalled that during the 2024 election campaign, Mr. Cassiel Ato Forson, now the Minister of Finance, accused the then NPP government of underpaying cocoa farmers with GHS3,100.00 per 64kg bag, instead of the proposed GHS6,000.00. The opposition party at the time promised farmers a more equitable price of GHS6,000.00 per 64kg bag

Accra: The C´te d’Ivoire-Ghana Cocoa Initiative (CIGCI) has congratulated the Ghanaian government on the official opening of its 2025/2026 cocoa season, highlighting the announcement of a new producer price as a significant step towards a sustainable cocoa economy. According to Ghana News Agency, the government has increased the producer price of cocoa from US$3,100 per tonne to US$5,040 per tonne. This record-level price is seen as a commitment to supporting cocoa farmers and strengthening the foundation for a fairer and more resilient cocoa economy. The Ghana Cocoa Board (COCOBOD) was praised for its efforts in this endeavor. The statement from

Accra: Ghana’s year-on-year inflation rate continued its downward trend in July 2025, registering a decline to 12.1 per cent for the seventh month in a row, as reported by the Ghana Statistical Service (GSS) on Wednesday. The Government Statistician, Dr. Alhassan Iddrisu, highlighted this as the lowest inflation rate since October 2021, while cautioning about potential short-term monthly pressures. According to Ghana News Agency, the announcement was made during the release of the July Consumer Price Index (CPI) and inflation data in Accra. The CPI for July 2025 was recorded at 259.1, reflecting a year-on-year increase from 231.0 in the

Accra: Mr. Lawrence Awilo Attitoe, Vice Chairman of the Ghana Private Road Transport Union (GPRTU) in Ho, has firmly dismissed reports of a 20 per cent transport fare increase as false and unauthorized. According to Ghana News Agency, Mr. Attitoe stated in an interview that no transport union, including the GPRTU, has approved any fare adjustment. He emphasized that the Ghana Road Transport Coordinating Council (GRTCC) lacks the authority to unilaterally declare fare increases. His remarks were in response to a GRTCC press release, signed by its General Secretary, Mr. Emmanuel Ohene-Yeboah, and Acting Chairman, Alhaji Tanko, announcing a 20