Ghana's parliament is considering a proposal to add a GH¢100 Airport Infrastructure Development Charge for domestic passengers to fund construction projects across multiple airports nationwide. Finance Minister Cassiel Ato Forson presented the levy as part of budget measures aimed at upgrading facilities, including a new Kumasi domestic terminal, a concourse connecting Terminal 2 and Terminal 3 at Kotoka International Airport, and Sunyani Airport expansion. The temporary charge includes a sunset provision for removal after project completion.
Auditor-General findings reveal that regional airports operate unsustainably under current GH¢5 passenger fees, forcing Kotoka International Airport to subsidize all other facilities through...
MobileMoney LTD's chief executive has urged mobile money agents nationwide to view themselves as efficiency leaders who drive integrity and community impact rather than simple transaction processors. Shaibu Haruna told participants at a capacity-building workshop organized by the Mobile Money Advocacy Group that agents serve as trusted financial custodians, enabling livelihoods through digital inclusion services.
The training session at the University of Ghana Business School addressed fraud prevention, banking partnerships, record keeping, tax compliance and retirement planning for more than 200 agents. Facilitators from the Ghana Police Service, Bank of Ghana, Deloitte Ghana and Universal Merchant Bank delivered practical guidance on...
Ghana's tax collection agency has designated the coming year as focused on voluntary compliance while establishing an independent appeals mechanism to resolve disputes outside lengthy court proceedings. Commissioner-General Anthony Sarpong told a post-budget forum that officials aim to strengthen cooperation with taxpayers and businesses to expand domestic revenue supporting national development goals.
The appeals board will provide faster resolution for taxpayers seeking redress after regulations stalled for five years received approval. Sarpong emphasized that voluntary participation creates a more efficient system benefiting both citizens and government operations.
The authority is investing in staff training and digital...
Newmont transferred GH₵2.388 billion to Ghanaian authorities during the third quarter through various tax obligations, royalties, levies and carried interest payments distributed across government agencies. The mining company's obligations included corporate tax contributions of GH₵1.192 billion alongside capital gains tax, mineral royalties, and withholding requirements processed through the Ghana Revenue Authority, Forestry Commission and Ministry of Finance.
Country Manager Danquah Addo-Yobo said the payments underscore the organization's dedication to meeting state obligations while advancing transparency and governance standards. Combined with earlier remittances, total fiscal contributions reached GH₵9.874 billion spanning the...
A policy analyst has assigned the government's fiscal plan a seven out of ten grade while cautioning that effective execution remains essential for achieving stated objectives. Kwaku Adu Boahen of the Ghana Watch Initiative praised the emphasis on value-added production and increased education funding, but stressed that rural communities must see concrete benefits from allocated resources.
Finance Minister Cassiel Ato Forson told television audiences that his spending proposals aim to strengthen recent economic improvements while boosting investment that generates employment. The official cited market assessments showing enhanced stability and investor confidence, with GDP expansion reaching 6.3 percent compared with 5.1 percent growth...
Finance Minister Cassiel Ato Forson said his spending plan aims to strengthen economic gains while accelerating investment that generates employment and broader growth. The official told an Accra television station that market analysis confirmed improving conditions before he finalized proposals that capitalize on current stability to drive transformation.
Forson reported to legislators that the administration inherited substantial fiscal pressures from the previous government, affecting households and businesses. Recent indicators show inflation declining while GDP expanded 6.3 percent during the first half of the year, compared with 5.1 percent growth over the same period previously, signaling restored investor confidence and...
Ghana Cocoa Board leadership has raised alarms about smuggling operations draining production from border communities despite substantial government spending on cultivation support. Chairman Samuel Ofosu Ampofo told reporters that security partnerships with district and regional councils will intensify to address the growing problem threatening sector sustainability.
Assessment findings reveal a significant gap between agricultural inputs distributed to farmers and actual yields recorded in frontier zones. Ofosu Ampofo emphasized that cocoa remains fundamental to national economic stability and requires urgent protective measures to boost productivity.
The board chairman commended President John Dramani Mahama for maintaining farmer...
Ghana has initiated the transfer of cocoa board supervision from agricultural authorities to the finance ministry in an effort to enhance fiscal oversight of the struggling export sector. Officials aim to address mounting debt and declining production through centralized financial management.
Production volumes have recovered after dropping below 531,000 metric tonnes, with projections targeting 650,000 metric tonnes through government investments in pest control and fertilizer distribution. Finance Minister Ato Forson reported that outstanding obligations decreased from GH¢32.0 billion to GH¢20.6 billion, while road infrastructure debt fell to GH¢6.9 billion following rationalization measures.
Legislative amendments to the 1984 Cocoa...
The Ghana Gold Board has rejected allegations claiming the state gold assayer suffered losses approaching GH¢3 billion during its inaugural year of operation. Board officials characterized the assertions as fabricated attempts to discredit the organization's achievements and economic contributions to the nation.
The entity has maintained its financial performance has generating consistent surpluses since its establishment, contradicting the reported claims. Quarterly financial statements expected for publication will demonstrate profitability, according to the Media Relations Unit.
Officials urged citizens to dismiss the allegations and demanded the originating outlet retract the story with an apology for what they termed misleading...
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