GhanaM Staff 
Ghana’s decision to sign the Council of Europe Second Additional Protocol to the Convention on Cybercrime, known as the Budapest Convention, has been hailed as a crucial step in combating cybercrime, according to Albert Antwi-Boasiako, the Director-General of the Cyber Security Authority (CSA). The protocol equips law enforcement authorities with vital tools to protect Internet … Read more
In a move aimed at bolstering revenue and taxing digital platforms, the government of Ghana has implemented a 21 percent Value Added Tax (VAT) on advertisements run on the social media giant, Facebook. The new charge is set to take effect from August 1, 2023, and will apply to both business and personal advertisements. Government’s … Read more
The Managing Director of Agricultural Development Bank (ADB) PLC, Alhaji Alhassan Yakubu-Tali, has expressed his full support for the Ekumfi factory model and emphasized the need to establish similar processing facilities in agriculturally-rich regions across Ghana. The aim is to harness the transformative potential of agribusiness, creating jobs and fostering wealth generation. During a recent … Read more
The Chamber of Petroleum Consumers (COPEC) has raised alarm over the government’s rumored plan to introduce new taxes on petroleum products in the upcoming mid-year budget review. According to sources, Finance Minister Ken Ofori-Atta is set to present the review to Parliament on July 25, 2023. COPEC asserts that such a move would exacerbate the … Read more
Government has reaffirmed its ban on the use of cryptocurrencies in all financial transactions within the country. The announcement was made by Dr. Mohammed Amin Adam, the Minister of State at the Finance Ministry, during a parliamentary session where he addressed questions regarding the government’s stance on cryptocurrencies. According to Dr. Amin Adam, while the … Read more
The Bank of Ghana (BoG) has fined Fidelity Bank Ghana Limited and First National Bank Ghana Limited a combined 1000 penalty points each for breaching sections 3.4, 3.5, and 3.9 of the Ghana Interbank Forex Market Conduct rules. “By this notice, we caution forex market players including banks, forex bureaus, forex brokers, and money transfer … Read more