Bank of Ghana sued for scuttling unibank takeover of adb

The Bank of Ghana (BoG) has been sued after it scuttled moves by some shareholders of adb to hand over controlling stake to a struggling bank, unibank. Belstar Capital Ltd and Starmount Development Company Limited have in their statement of claim castigated the Central Bank for its July 17, 2018 announcement annulling a pledge by four major shareholders to […]

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Terkper sees govt’s VAT strategy ‘a retrogressive step’

Former Minister of Finance Seth Emmanuel Terkper has admonished Ghanaian businesses not to rejoice yet over his successor’s announcement of no increase in the Value Added Tax (VAT) on Thursday. Delivering the 2018 mid-year budget review, Finance Minister Ken Ofori-Atta announced in Parliament that the VAT will remain 12.5 per cent. This was contrary to expectations and […]

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VAT remains 12.5% – Finance Minister asserts

The Minister of Finance, Ken Ofori-Atta, has revealed in the mid-year budget review that there will be no increment in the Value Added Tax (VAT), contrary to speculations by many including the minority in Parliament. The Minister has stated categorically that the VAT rate will still remain 12.5 per cent and the National Health Insurance […]

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