Author: SAMUEL
The Minister of Finance, Dr. Casiel Ato Forson has announced that abolishing the COVID-19 levy will be considered in October this year. According to him, the abolition of the COVID-19 is part of the government’s VAT reforms. He listed the reforms as follows: 1. COVID-19 Levy will be abolished; 2. The effective VAT rate will be reduced; 3. The cascading effect of the GETFund and NHIS levies will be removed; 4. VAT flat rates will be removed 5. Unified VAT rate will be implemented; 6. The VAT registration threshold will be increased to exempt small and micro businesses; and 7.…
Finance Minister Dr Cassiel Ato Forson has declared that the Ghanaian cedi is no longer depreciating, citing its recent strong performance against major foreign currencies. Addressing Parliament during the presentation of the 2025 Mid-Year Budget Review on Thursday, July 24, the Minister remarked, “Cedi no apicki” — to emphasise the local currency’s stability and appreciation in recent months. Dr Forson noted that the cedi, which began the year at around GH¢15 to the US dollar, has strengthened significantly to trade at approximately GH¢10.45 on the interbank market. He attributed this recovery to improved macroeconomic fundamentals, increased export inflows, and renewed…
Finance Minister Dr. Cassiel Ato Forson is scheduled to present the 2025 Mid-Year Budget Review to Parliament today. In accordance with the Financial Administration Act and Section 28 of the Public Financial Management Act, 2016 (Act 921), the Finance Minister is required to brief Parliament on the nation’s fiscal performance for the first half of the year and outline government’s fiscal strategy for the remaining six months. The mid-year review is expected to highlight key indicators, including revenue performance, expenditure trends, and progress made toward meeting the 2025 fiscal targets. Dr. Ato Forson is also anticipated to outline policy adjustments…
Ghana clinched third place at the 2024 Women’s Africa Cup of Nations (WAFCON after defeating South Africa 4-2 on penalties following a 1-1 draw at the Stade Larbi Zaouli in Casablanca. The result preserves Ghana’s perfect record in third-place playoffs, marking their fourth consecutive victory in such matches at the tournament. South Africa took the lead just before halftime through Nonhlanhla Mthandi, but Ghana drew level in the second half after an own goal gifted them an equaliser. In the shootout, the Black Queens held their nerve, with Alice Kusi, Josephine Bonsu, Jennifer Cudjoe, and Nancy Amoh all converting their…
Versatile Ghana international, Jeffery Schlupp is focused on helping Norwich City to secure promotion to the English Premier League in the upcoming 2025/26 football season. Schlupp joins the Championship outfit as a free agent following his departure from Palace at the expiration of his contract. He penned a one-year deal with the Canaries, keeping him at the club until summer 2026. The experienced versatile Ghanaian player has been handed with the number 27 shirt ahead of the new season. With his wealth of experience, the 32-year-old is expected to play a huge role for the club in their quest to…
The Black Queens of Ghana failed to reach the final of the Women’s Africa Cup of Nations after suffering a penalty shootout defeat to host Morocco in the semi-final. Ghana opened the scoring through Stella Nyamekye in the first half before Sakina Ouzraoui forced the game to extra time with a second-half equalizer. Evelyn Badu and Comfort Yeboah missed their spot kicks as Ghana lost 4-2. The Black Queens dominated the early exchanges with Chantelle Boye-Hlorkah striking first from the box, but the Moroccan shot-stopper was equal to the task. Moments later, Doris Boaduwaa hustled her markers but her effort…
Black Stars captain Jordan Ayew has thrown his weight behind Ghana’s women’s football team as they prepare for their biggest test at the 2024 Women’s Africa Cup of Nations. The Leicester City forward delivered a heartfelt message to the Black Queens ahead of their semifinal clash against host nation Morocco today. His words come at a crucial moment when the team needs all the support they can muster. “To my sisters, the Black Queens! I’m beyond proud of the way you’ve represented Ghana on the biggest stage. Your determination, skill, and teamwork are an inspiration to us all,” Ayew said.…
Ghana failed to make the final of the 2025 WAFU Zone B U20 Boys Cup on Sunday after losing 2-1 to Ivory Coast in their semi-final showdown. The Black Satellites, as they are called, locked horns with the Young Elephants today at the Ghanaman Soccer Centre of Excellence, where the tournament is being played in Ghana to fight for a place in the final. Ghana scored early through talented prodigy Benjamin Tsivanyo, but Ivory Coast pushed back and scored to make it 1-1 before the break. After recess, a fierce battle ensued between the two teams in their bid to…