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Cedi expected to depreciate 8.4% to the dollar in 2024, will hover mid-dollar rate to hover at GH¢13.10
The Ghana cedi is expected to lose about 8.4% of its value to the US dollar in the retail market in 2024 and improved from 2-23, according to IC Research.
Ghana Revenue Authority to begin charging 10% tax on lottery winnings from January
The Ghana Revenue Authority (GRA) is set to implement the 10% withholding tax on the gross winnings from all lotteries from January 2024 after a 5-month delay.
Parliament approves five new tax bills to rake in more revenue in 2024
Ghana's Parliament has approved five new tax bills following the 2024 budget as the Nana Akufo-Addo government looks to boost revenue collection.
Mobile money agents suspend GH¢1,000 cap on withdrawals after engagement with telcos
The Mobile Money Advocacy Group (MoMAG) has suspended the GH¢1,000 cap on withdrawals following meetings with authorities and other stakeholders.
Ibrahim Mahama: 2 Times business founder flaunted his posh G Wagon, boats, and private jet
The founder of Engineers and Planners, Ibrahim Mahama, owns several remarkable businesses, an impressive vehicle collection, exquisite boats, and a private jet.
Mobile Money agents to cap cash withdrawals at GH¢1,000 per transaction from December 1
Mobile Money agents across Ghana will temporarily limit cash withdrawals to a maximum of GH¢1,000 per transaction starting from December 1, 2023.
Bank of Ghana blacklists Wise and other money transfer organisations for operating without approval
The Bank of Ghana has released a list of eight unapproved Money Transfer Organisations in the remittance space for Ghanaians and financial institutions to avoid.
AT’s Play4Cash Promo Wraps Up with Exciting Cash Prizes
The "Play4Cash” promo, which ran for four months, rewarded over a hundred weekly winners with cash worth GHS 48,000 to over three thousand daily winners
Cedi loses more ground to the dollar ahead of Christmas festivities, now trading at GH¢12.10
The Ghana Cedi has further depreciated to sell at GH¢12.10 against the US dollar on the forex market, despite forecasts of an average of GH¢11.60.
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