Joy Business Report @1

President Akufo-Addo has expressed delight at Parliament’s approval of the Electronic Transactions levy (e-levy). Parliament on Tuesday, March 29, 2022 approved the controversial E-Levy Bill. Delivering this year’s State of the Nation Address (SONA22) in Parliament on Wednesday, President Akufo-Addo said although proceedings in the House have been protracted and acrimonious in nature, “I am happy that the House has, finally, found it possible to pass the e-levy.”

The Ministry of Food and Agriculture has dismissed claims that Ghana imported raw cassava from China in 2019. This follows claims by the Member of Parliament (MP) for Asunafo South, Eric Opoku, that Ghana imported cassava from China in 2019.

The African Development Bank has announced a $1 billion plan to boost wheat production in Africa to avert potential food shortages arising from Russia’s invasion of Ukraine.

Stakeholders along the agricultural value chain are lamenting the cut in budget in the agricultural sector. According to the General Secretary of the General Agricultural Workers’ Union, Edward Kareweh, it’s a bad timing to limit support to the sector as the country is currently experiencing crisis in food stocks.

Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business

Finance Minister, Ken Ofori-Atta has not ruled out the impact of the ongoing war between Russia and Ukraine, as having contributed to the woes of Ghana’s economy. The Minister believes the development forms part of unforeseen factors that have shaken the country’s fiscal stability in recent times.

The Monetary Policy Committee of the Bank of Ghana has increased the policy rate – the rate at which it lends to commercial banks – by 2.5% per cent to 17%. This is the first time since November 2018 that the rate has gone up so high.

Bringing you updates from the world of business