AMENDMENTS TO TAX LAWS IN GHANA 2023 The 2023 budget came with a few changes to Ghanaian tax laws and these amendments have been passed by Parliament accordingly. ELECTRONIC TRANSFER LEVY (AMENDMENT) ACT, 2022 ACT 1089 The Act was amended to: Reduce the Electronic Transfer Levy charge from 1.5% to 1% on electronic transfers. REVENUE…
The law and inflation – a history of price control legislation Recently in Ghana, some sellers have increased the price of their goods by as much as 300 percent. The inflation rate in Ghana as measured by Combined Consumer Price Index as at October 2022, was 40.4 percent[1]. Inflation is a perennial problem that has…
The Penalty and Interest Waiver Act 2021 (the “Act”) was passed by Parliament and assented to by the President on the 31st March, 2021.
The Penalty and Interest Waiver Act 2021 (the “Act”) was passed by Parliament and assented to by the President on the 31st March, 2021.
The Penalty and Interest Waiver Act 2021 (the “Act”) was passed by Parliament and assented to by the President on the 31st March, 2021.
Central banks must collaborate more for PAPSS success — Afua Adubea Koranteng Managing Partner at Koranteng & Koranteng Legal Advisors, Afua Adubea Koranteng, is confident that constant communication and more collaboration between central banks and other regulatory bodies on the continent will better position them to harness benefits of the Pan African Payment and Settlement…
PAPSS will bring everyone on board The Pan African Payment and Settlement System (PAPSS) is poised to incorporate all regulated payment and settlement outlets across participating countries into its framework, and in the process ensure that no segment of the economy is left out. In Ghana, banks and non-bank financial institutions – including saving and…
Enhanced collaboration by relevant stakeholders is needed to harness the full range of benefits, including interoperability, from payment and settlement systems on the continent, panelists at the second edition of The Money Summit, organised by the B&FT have said. According to the panelists, who were speaking on the topic: ‘Africa’s Payment and Settlement Systems; Opportunities,…