Finance
Stories in this category
‘Ghana Is Hell’ — Pastor Ray Michael Decries Rising Cost of Living in Accra
The soaring cost of living in Accra, especially food, rent, land, cars, holidays and airfares are making life increasingly difficult for Ghanaians.
Only 10.6% Recovered in Unibank Settlement, Not 60% – Bright Simons Rebuts AG’s Claim
Renowned policy analyst and vice president of IMANI Africa, Bright Simons, has strongly contested claims by the Attorney General that the state has recovered 60% of the financial liabilities owed by the collapsed Unibank. According to Simons, a closer inspection of the numbers shows that the actual recovery may be as low as 10.6% — […]
VP Jane Naana Opoku-Agyemang Opens GIABA Ministerial Meeting
Vice President Prof. Jane Naana Opoku-Agyemang has reiterated Ghana’s commitment to strengthening regional cooperation in the fight against financial crimes, urging West African institutions to evolve in response to new threats. She made the remarks during the opening of the Second Extraordinary Ministerial Meeting of the Intergovernmental Action Group Against Money Laundering in West Africa […]
Finance Minister Inaugurates New FIC Board to Tackle Financial Crimes
The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated a new seven-member Board to steer the Financial Intelligence Centre (FIC), underscoring government’s commitment to combatting sophisticated financial crimes in Ghana. The newly constituted Board is chaired by Mr. Mike Kofi Afflu, with Mr. Albert Kwadwo Twum Boafo serving as Chief Executive. Other members include […]
Taptap Send Suspends Operations in Ghana Following BoG Order
Taptap Send has announced the suspension of its operations in Ghana following an official directive from the Bank of Ghana (BoG). The directive, issued on October 31, 2024, mandates the temporary cessation of Taptap Send’s partnerships with Enhanced Payment Service Providers (EPSPs) and commercial banks across Ghana, starting November 8, 2024. The BoG’s decision follows […]
The Little Discussed Reason Why The Ghanaian Economy is Struggling Now
The Ghanaian economy, like many others, is heavily influenced by global economic trends and policies, particularly those emanating from major economies like the United States. In recent years, the combined effects of US interest rate hikes and energy policy under President Joe Biden’s administration have had significant repercussions for Ghana. Understanding these dynamics is crucial […]
Staying Vigilant: Personal Encounter with a Mobile Money Fraud Syndicate
A recent incident in Accra found me engaging in a mobile money transaction at a bustling business hub. Moments later, my phone rang, bearing an unfamiliar number. The caller insisted they had mistakenly transferred funds into my Momo wallet. I reacted impulsively, ending the call abruptly. Yet, the persistent caller phoned again, prompting me to […]
Strategies for Financial Growth and Prosperity in 2024
As we stand on the threshold of a new year, brimming with endless possibilities and opportunities, it’s an opportune moment to contemplate our financial habits and embark on a journey toward fiscal prudence. The year 2024 beckons with 365 days, 53 weeks, and 12 months – a canvas on which we can paint our aspirations, […]
Striking a Balance: Taxation, Accountability, and National Development
As the impending implementation of new taxes in Ghana’s 2024 budget looms, a discernible discourse emerges across social media platforms, notably championed by NDC bloggers, questioning the government’s fiscal strategies and their implications on the citizenry. It begs a fundamental query: What constitutes an optimal approach for governments to generate revenue, fund development initiatives, and […]
Exploring Tax Brackets: A Comparative Analysis Between the UK and Ghana
Tax systems around the world vary significantly, affecting how individuals perceive and manage their earnings. The United Kingdom, for instance, operates a progressive tax system wherein income tax rates vary based on earnings. In the UK, individuals earning between £50,001 and £125,000 pay a 40% tax rate, while those earning below £50,000 fall under the […]