Many tax professionals grapple on the issue of taxation of directors. A director can either be an employee of a company or a non-executive member. In both cases, the tax laws have provisions to deal with how payments which have source in the country should be taxed in the hands of a director. The blatant […] The post Taxation of directors appeared first on

This article is triggered at the instance of visits to a couple of organisations in the month of January to transact business hence, the need to use their washrooms. Some of these organisations are prestigious, international and branded. Their washrooms are not desirable. Please note that I will use organisation and corporate interchangeably. Here an […] The post Education

Taxation plays a significant role in shaping the dynamics of various industries, and the insurance sector is no exception. It serves as a source of revenue for the state which is used in developing the economy. The introduction of the 21percent VAT system on non-life insurance policies (insurance premiums) which is expected to take effect […] The post

The Bank of Ghana (BoG) has officially launched the Beta Version of its Database Portal, a significant step towards providing a unified platform for extracting and visualizing macroeconomic data. This initiative aligns with international best practices and underscores the Bank’s commitment to enhancing transparency within its inflation targeting framework of monetary policy. The newly introduced […] The post

The Nana Amoasi VII Charity Foundation has successfully held its annual New Year Kids Party in Ekumfi Abor and its adjoining communities. For the fourth consecutive year, Amoasi VII, the Odikro of Ekumfi Abor and Ankobeahen of Ekumfi Traditional Area, dedicated his time and other resources to be with the children, particularly those of school-going-age. […] The post Nana

Years of experience have always been an advantage when applying for a job. There are job openings where even a specific number of years is required. Without those number of years of experience, candidates would not even be invited for an interview. Interestingly, just this past week, after the embarrassing elimination of the Black Stars […] The post

StacAi, a financial trust infrastructure, has been appointed as technology partner for developing the Ghana Integrated Financial Ecosystem (GIFE) in collaboration with the Bank of Ghana (BoG), Development Bank Ghana (DBG) and Monetary Authority of Singapore (MAS). This strategic partnership aims to revolutionise the financial landscape and foster cross-border financial services cooperation between Singapore and […] The post

RightCard Payment Services Limited (LemFi) is proud to announce that it has obtained approval from the Bank of Ghana (BoG) to resume its remittance services to Ghana with some of its approved partners. This is consistent with RightCard’s (LemFi) commitment to providing secure and efficient services while complying with the set regulatory framework by the […] The post BoG

The Ahafo Region is prolific for its agriculture contribution to Ghana’s economy and food security. Earning the description, ‘the food basket of Ghana’, the region’s soil type and rainfall pattern support the cultivation of varied food and cash crops, with farmers engaged in both subsistence and commercial farming. Part of the challenge, particularly with commercial […] The post

The Speaker of Parliament, Alban Sumana Kingsford Bagbin, has underscored the relevance of building the capacity of staff of the Parliamentary Service as crucial in ensuring excellence in legislative governance. According to him, enhancing staff competency is the surest way to effective service delivery and improved productivity, hence the need to prioritize capacity building of […] The post

FoReal HR Services has welcomed a team of business investors from Egypt to Ghana. The team was briefed by Chief Executive Officer Mrs. Baptista S. Gebu, the first Country Representative of the Egyptian African Businessmen’s Association (EABA) While in Ghana, they met with government officials and various trade organisations: including the Ghana National Chamber of […] The post Egyptian

Opportunity International Savings and Loans Ltd. (OISL) has received ISO/IEC 27001 certification, in line with the Bank of Ghana’s directive for Financial Institutions to improve their Cyber and Information Security space. The certification was awarded by Certi-Trust – a global certification body specialising in Information Security, Cybersecurity and Privacy Protection – through its Principal Auditor […] The post

The government of Italy unveiled a near US$6 billion plan to support African development at a one-day Italy-Africa plan in Rome last week. African Development Bank Group President Dr Akinwumi Adesina joined 25 African leaders and European Union officials at the summit. The summit–which took place as Italy assumes the Presidency of the G7 this […] The post Italy

Managing Director-FBNBank Victor Yaw Asante is confident of a much-improved operating environment for businesses in 2024. Already, he said, the economy has exhibited improvement – as inflation significantly dropped from 53.2 percent at end-2022 to 23.3 percent at end-2023. This positive trend, coupled with a recent reduction in the key policy rate from 30 percent […] The post FBNBank

The summary of macroeconomic and financial data released by the Bank of Ghana (BoG) in January 2024 highlighted performance of the Ghanaian economy in key sectors. The summary shed significant light on real sector indicators; interest rates; price developments; external sector developments; prices for commodities; and monetary indicators. Others included relevant information on the fiscal […] The post

Fidelity Bank Ghana, the nation’s largest privately-owned bank, commemorated the renovated Nyameyekrom M/A Primary School’s official handover on January 30, 2024. This transformation – a key initiative of the bank’s ‘Orange Impact’ programme – delivers a six-unit classroom block, a staff office, a library, modern washroom facilities and a rainwater harvesting system, benefitting over 150 […] The post

Comviva, the global leader in customer experience and data monetisation solutions, has   partnered with  – a technology advisory firm in Ghana – to foster the development and implementation of innovative digital banking, wallet and payment solutions across Ghana. With this partnership, Oman Investments will utilise Comviva’s innovative digital banking technology to bridge the gap between […] The post

The Ghana Revenue Authority (GRA) is pushing a simplified tax regime for the informal sector. The objective is to streamline taxation for the sector, making it easier and more convenient for small businesses – especially those operating in rural and remote areas – to fulfil their tax obligation to the state, according to officials of […] The post GRA

The Ghana Stock Exchange (GSE) is set for a second consecutive positive year in 2024, with the Accra bourse on course to return anything between 15 percent and 25 percent, advisory firm Databank is predicting. The forecast is predicated upon a much-improved macroeconomic operating environment, that should see healthier performance across the spectrum of companies […] The post GSE

Investors are strategically seizing opportunities to secure higher returns in light of the declining rates of Treasury bills (T-bills) amid an evolving Treasury market. Apakan Securities, a financial advisory firm, reported an impressive overfunding in the recent government securities auction – with demand surpassing the target by 121 percent. Apakan Securities interprets this surge in […] The post