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General

Minority Slams Government Over Betting Tax and VAT Claims in 2025 Budget

In response to the 2025 Fiscal Policy, the Minority in Ghana's Parliament has criticized the government's proposed tax reforms. Dr. Amin Adams, the Karaga MP and former finance minister, accused the government of misleading the public by claiming they had abolished the VAT on motor insurance and the betting tax. According to Dr. Adams, the previous administration had never implemented these taxes, making their removal a non-issue.He pointed out that the betting tax, which the government claimed to have abolished, had never been collected in the first place. As for the VAT on motor insurance, Dr. Adams said the government was attempting to trick Ghanaians by reintroducing VAT on non-life insurance while exempting motor insurance, which had always been VAT-exempt.The Minority's criticism stems from a broader concern that these "tax cuts" were nothing more than a smokescreen. Dr. Ato Forson, […]

Edem 4Style March 11, 2025

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General

Ghana Scraps E-Levy and Other Taxes in 2025 Budget

Ghana, 2025 Budget, E-Levy, Tax Reform, Business GrowthIn a significant move, Ghana’s Finance Minister, Dr. Cassiel Ato Forson, unveiled the 2025 budget with a major tax overhaul aimed at easing financial pressures on citizens and fostering business growth. The government has decided to remove several taxes, including the controversial Electronic Transfer Levy (E-levy) and the Betting Tax, which have been major points of contention in recent years.The scrapped taxes include:A 10% withholding tax on lottery winnings (Betting Tax)A 1% E-levy on digital transactionsThe 10% withholding tax on betting activitiesEmissions Levy on industries and vehiclesVAT on motor vehicle insurance policiesA 1.5% withholding tax on unprocessed gold by small-scale minersThese tax removals, originally introduced to expand the government’s revenue base, are now being reversed to alleviate financial burdens on households and support business operations. Dr. Forson emphasized that the aim is to […]

Edem 4Style March 11, 2025

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General

Bank of Ghana Seeks GH₵53 Billion Bailout to Address Financial Challenges

In a significant announcement during the presentation of the 2025 Budget Statement and Economic Policy on March 11, 2025, Finance Minister Dr. Cassiel Ato Forson revealed that the Bank of Ghana (BoG) is requesting a GH₵53 billion bailout to resolve its financial difficulties caused by negative equity.Dr. Forson highlighted the central bank's dire need for substantial financial support to stabilize its operations and address the ongoing challenges. He explained that the bailout request is critical to help restore BoG’s financial health and ensure it can continue its functions effectively.Fiscal Pressures and Government ArrearsDr. Forson also addressed the wider fiscal challenges the government faces. He disclosed that as of December 2024, Ghana's total arrears had risen to GH₵67.5 billion, equivalent to 5.2% of the country’s GDP. A significant portion of this amount—GH₵21 billion—is attributed to the road sector.The Finance Minister expressed […]

Edem 4Style March 11, 2025

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ASHANTI

Another MoMo Vendor Murdered in Ashanti Region

A 24-year-old mobile money vendor, known only as ‘Junior,’ has been brutally murdered in his one-room apartment at Kwadaso, Ashanti Region. The assailants, whose identities remain unknown, fled with an undisclosed amount of cash.Junior, who operated at the Kwadaso Onion Market, was discovered in a pool of blood. Witnesses suggest he often carried large sums of money home, which may have made him a target for robbers.The police have launched an investigation, but no arrests have been made. This incident follows a similar attack last month, where 27-year-old Patricia Nimako was shot dead in Kumasi by robbers who took GH₵10,000 and mobile phones.Concerned residents of Kwadaso are calling on authorities to enhance security in the area, fearing more attacks.

Edem 4Style March 11, 2025

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General

Court Overturns BoG’s Licence Revocation for Ideal Finance

The High Court (Human Rights Division) has ruled against the Bank of Ghana’s (BoG) decision to revoke the operating licence of Ideal Finance Limited.In a verdict delivered on March 10, the court found that the central bank had not followed due legal procedures before withdrawing the company’s licence. As a result, Ideal Finance can now resume operations, marking a major victory for the financial institution.Ideal Finance was among 23 financial firms whose licences were revoked in 2019 as part of BoG’s financial sector cleanup. The central bank had cited insolvency and poor governance as key reasons for the move. However, the court determined that BoG failed to exhaust the required legal processes before taking action, leading to the reversal.This ruling could have broader implications, as it may encourage other affected institutions to challenge BoG’s regulatory decisions.

Edem 4Style March 11, 2025

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Greater Accra

Cecilia Dapaah Testifies in Court Over $53,000 Stolen Jewelry

Former Sanitation Minister Cecilia Dapaah has testified in an Accra High Court regarding the theft of her jewelry worth $53,000, allegedly stolen by her domestic workers.Speaking in court on Tuesday, March 11, Mrs. Dapaah revealed that aside from cash, the accused individuals took valuable personal items she had collected over the years. The theft, which reportedly occurred between July and October 2022, also included expensive clothing, kente fabric, and men’s suits belonging to her husband.The two accused housekeepers, 18-year-old Patience Botwe and 30-year-old Sarah Agyei, have been charged with conspiracy and multiple counts of stealing. Investigations revealed that the stolen money was used to acquire properties and luxury items.The case has drawn public scrutiny, especially after the Special Prosecutor launched investigations into Mrs. Dapaah’s wealth, leading to her resignation. Despite this, legal battles continue over the stolen funds and assets.

Edem 4Style March 11, 2025

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General

The DOGE Conspiracy: Is Elon Musk Erasing Evidence of a Massive Cover-Up?

A federal judge has blown the lid off what could be the biggest political cover-up in modern U.S. history. At the heart of the scandal? Elon Musk and the Department of Government Efficiency (DOGE), a secretive federal entity accused of mass firings, unchecked power, and potential ties to high-ranking officials—including Donald Trump.Judge Christopher Cooper’s ruling demands the release of DOGE’s internal records, citing its aggressive overreach in dismantling agencies, accessing sensitive government data, and eliminating employees who may have uncovered damaging evidence against Musk and his business empire. Before DOGE, Musk faced multiple federal investigations—ranging from labor violations to securities fraud. Could DOGE’s rapid purge be designed to erase all traces of these probes?Even more troubling is the Republican Party’s silence. Despite controlling key oversight committees, there have been no hearings, no subpoenas, and no investigations into DOGE’s sweeping influence. […]

Edem 4Style March 11, 2025

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WESTERN

Minister Warns Chinese Firm Over River Pollution

The Western Regional Minister, Joseph Nelson, has given Wangkang Ceramics Company Limited a one-week ultimatum to stop its illegal activities that are polluting River Anankore in the Sekondi-Takoradi Metropolis.The Ghana Water Company Limited (GWCL) and the Water Resources Commission (WRC) reported that the company had refused to comply with previous directives to halt the obstruction of the river’s flow and purity. Several attempts to resolve the issue had failed due to the company’s resistance.Following discussions on March 7, 2025, the minister warned that the company must find alternative waste management solutions and clear any obstructions in the river to ensure an uninterrupted water supply. He emphasized that the matter’s resolution now depends on the company's actions.

Edem 4Style March 11, 2025

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WESTERN

Illegal Miners Take Over Hiawa Prisons Camp in Western Region

Illegal mining activities have taken over the Hiawa Prisons Camp in the Amenfi Central District of the Western Region, sparking concerns regarding the safety and security of the camp. Despite multiple complaints from prison authorities, a mix of Chinese nationals and local Ghanaians continue to mine illegally on the land.A prison guard, who spoke anonymously, mentioned that local chiefs and elders have been informed about the issue numerous times, but no actions have been taken. The guard suspects that some community leaders might be benefiting from the illegal mining operations, complicating efforts to stop the activities.Reports indicate that the Ghana Prisons Service has been made aware of the illegal mining, and senior officers have visited the site, but no concrete steps have been taken to address the situation. There are suspicions that high-ranking officials may be involved or at least […]

Edem 4Style March 11, 2025

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ASHANTI

Ashanti Regional Minister Takes a Strong Stand Against Rampant Streetlight Theft

Dr. Frank Amoakohene, the Ashanti Regional Minister, has vowed to combat the rising theft of streetlights and their components in the region, which has been causing security and road safety concerns. These thefts, particularly of electrical cables and bulbs, have led to several areas in Kumasi and other parts of the region being plunged into darkness.Dr. Amoakohene made his statement after touring major roads in Kumasi with key security officials, the Department of Urban Roads, and representatives from the Electricity Company of Ghana (ECG) to assess malfunctioning streetlights and strategize on solutions.The thefts, often occurring under the cover of darkness, pose a significant hazard to both pedestrians and drivers. Dr. Amoakohene emphasized that this crime not only disrupts urban infrastructure but also places a financial burden on the government to continuously repair and replace the stolen parts.As part of his […]

Edem 4Style March 11, 2025

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