The Ministry of Finance is expected to write off approximately US$120 million of the Tema Oil Refinery’s (TOR) legacy debt as part of efforts to reduce the financial burden on the state-owned refinery.TOR Managing Director Edmond Kombat disclosed this during a working visit by Parliament’s Energy Committee.According to him, the refinery’s outstanding legacy obligations currently stand at about US$400 million …
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The Ghana Revenue Authority (GRA) says it is targeting a significant reduction in the country’s Value Added Tax (VAT) gap, from the current 60% to about 30% by the end of 2028.Commissioner for the Domestic Tax Revenue Division of the GRA, Dr Martin Kolbil Yamborigya, said the target forms part of the Authority’s VAT Strategic Plan aimed at improving compliance …
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The Ghana Union of Traders’ Associations (GUTA) has appealed to the Ghana Revenue Authority (GRA) to adopt a more considerate approach as it intensifies nationwide visits to businesses under its VAT compliance campaign.GUTA President Clement Boateng said GRA officials deployed to markets and businesses should exercise restraint and conduct their duties in a manner that encourages cooperation rather than confrontation.Speaking …
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National Organiser of the New Patriotic Party (NPP), Henry Nana Boakye, has criticised President John Dramani Mahama over what he describes as a lack of decisive action against officials linked to Ghana’s recent drug trafficking cases. Speaking at a press conference on Tuesday, September 22, 2026, Nana Boakye, popularly known as Nana B, described the recent drug seizures as an …
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The management of Metro Mass Transit Limited (MMTL) has ruled out any increase in transport fares despite the recent rise in fuel prices. The company’s Deputy Managing Director, Dennis Yeboah Twumasi, said management is engaging the Ministry of Transport to secure government support to help sustain the company’s operations. Mr. Yeboah Twumasi made the disclosure during a media engagement held …
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The Greater Accra Police Command has arrested two men allegedly linked to the transportation of suspected narcotic drugs after they reportedly attempted to bribe a police officer with GH¢30,000 to secure the release of a seized vehicle and its contents. The arrests followed an operation by officers of the Bravo SWAT Unit on Friday, September 11, 2026. Acting on intelligence, …
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President of the Dangote Group, Aliko Dangote, has attributed Ghana’s recent economic improvement to renewed investor confidence in President John Dramani Mahama’s leadership.According to the African business leader, the country’s changing economic fortunes demonstrate the important role that confidence and trust can play in attracting investment and supporting economic recovery.Speaking at the Accra Reset, hosted by President Mahama on the …
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President John Dramani Mahama has called for stronger domestic capacity, effective institutions and sustainable financing to help countries in the Global South address growing debt pressures and disruptions in international development.Speaking at a Presidential Roundtable organised by the Open Society Foundation in New York on Monday, September 21, on the sidelines of the 81st United Nations General Assembly, President Mahama …
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Sixteen people, including Ghanaian and foreign nationals, have been arrested following a series of intelligence-led operations targeting organised counterfeit-currency syndicates in the Greater Accra Region and surrounding areas.The arrests were made during six operations conducted between June 12 and July 24, 2026, as security agencies investigated networks allegedly involved in the production, possession and distribution of counterfeit local and foreign …
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Construction of the Kumasi Kejetia Redevelopment Project Phase II is expected to resume in October 2026 following arrangements by the Kumasi Metropolitan Assembly (KMA) and the Ministry of Finance to secure funding for the stalled project. Kumasi Metropolitan Chief Executive, Richard Ofori-Agyemang Boadi, announced this during a stakeholders’ engagement on the completion of the project, according to a Facebook post …
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