A US Federal court in Chicago, Illinois, presided over by District Judge, Thomas M. Durkin, has dismissed a complaint filed against GN Bank, its Chairman, Dr. Papa Kwesi Nduom, GN Bank’s outside directors, and others.
Ranking Member on the Finance Committee of Parliament, Dr Cssiel Ato Forson, has predicted dire consequences for remittances into Ghana if the e-levy is implemented.
Members of Parliament will from today, Tuesday, November 23, 2021, begin the debate on the 2022 Budget Statement and Economic Policy as presented by the Finance Minister last week.
Deputy Minister of Finance, John Kumah, has stated that the Electronic Transactions Levy that will be introduced on electronic transactions will not cover inter bank transfers.
Energy think tank, Institute for Energy Security (IES), has predicted that fuel prices are likely to hit GH¢7.0 per litre or more by the end of the year.
Deputy Director-General of Operations and Benefits at the Social Security and National Insurance Trust (SSNIT), Laurette Korkor Otchere, has revealed that the Trust withheld the pensions of about 24,333 pensioners, amounting to GH¢186.58million, as of November 2021.
Effective January 1, 2022, small-scale miners (SSM) will no more be required to pay three per cent withholding tax on gold at the point of export through the Precious Minerals Marketing Company (PMMC).
In the 22nd October 2021 publication of the B&FT Newspaper, the Chief Executive Officer of UMB Bank, Nana Dwemoh Benneh speaking at the 10th Ghana Economic Forum during a panel discussion on the topic "Contemporary approaches to financing start-ups; insights from key industry players" was reported to have said, “Bank loans are not for start-ups”.
Economist, Dr Theo Acheampong, has criticised the Finance Minister for failing to account for previous tax measures but has introduced new taxes in the 2022 budget.
The Bank of Ghana’s Summary of Economic and Financial Data has revealed that the country’s public debt stock has hit GH¢341.8 billion as of the end of September 2021.
Majority Leader Osei Kyei-Mensah-Bonsu has informed Parliament that the debate on the 2022 Budget Statement and Economic Policy of Government would commence next Tuesday, November 23.