GRA cracks down on E-Levy compliance: Strict monitoring and record-keeping mandated

The Ghana Revenue Authority (GRA) has issued a stern directive to all financial institutions and electronic money operators, emphasizing strict compliance monitoring and record-keeping after the abolition of the 1%…

‘All deducted E-Levy must be refunded immediately’ – GRA warns charging entities

The Ghana Revenue Authority (GRA) has ordered all financial institutions, mobile money operators, and other charging entities to immediately refund any E-Levy deductions made on transactions from April 2, 2025,…

Policy directives shouldn’t leave banks scrambling for clarity – GAB boss to BoG

The President of the Ghana Association of Banks (GAB), Kwamina Asomaning, has called for greater dialogue between the banking sector and the Bank of Ghana (BoG) to prevent policy missteps.…

BoG cautions: MTN MoMo not authorised for cross-border transfers to Nigeria

The Bank of Ghana (BoG) has clarified that MTN Ghana has not been granted a licence to facilitate cross-border transactions with MTN Nigeria. The Central Bank emphasised that MobileMoney Limited,…

Ato Forson introduces bills to remove E-Levy, Emissions Levy, and Betting Tax

On March 13, 2025, Finance Minister Dr. Cassiel Ato Forson presented three significant bills to Parliament, aiming to repeal certain taxes that have been subjects of public debate. The proposed…

Court overturns BoG’s revocation of Ideal Finance’s Licence

The High Court (Human Rights Division) has quashed the Bank of Ghana’s (BoG) revocation of the operating licence of Ideal Finance Limited. The ruling, which was delivered on Monday, March…

‘Monetary policy alone won’t save Ghana, fiscal discipline must lead’, says Dr Ishmael Yamson

Renowned business leader and economist, Dr. Ishmael Yamson, has cautioned that economic recovery cannot rely on monetary policy alone, stressing that fiscal discipline must be the top priority of the…

Parliament summons BoG Governor on March 5 to address new HQ concerns

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, is set to appear before Parliament on Wednesday, 5th March, 2025, to address concerns surrounding the construction of the…

Access Bank (Ghana) Plc

Access Bank (Ghana) Plc is a notable player in Ghana’s financial sector, offering a wide range of banking services to individuals, businesses, and corporate clients. As a subsidiary of Access…

ABSA Bank Ghana Limited

Absa Bank Ghana Limited stands as a prominent financial institution in Ghana, offering a comprehensive suite of banking services tailored to meet the diverse needs of individuals, businesses, and corporations.…

Sam Jonah says UT Bank collapse is economic injustice

Renowned businessman and Executive Chairman of Jonah Capital, Sir Sam Jonah, has strongly criticized the closure of UT Bank, describing it as a significant act of economic injustice that has…