World Bank releases $150m for Odaw Basin flood control

The World Bank has released $150 million to the government as additional funding to improve on flood resilience in the Odaw River Basin in the Greater Accra Region. The loan is to fund the Greater Accra Resilient and Integrated Development (GARID) Project aimed, among other objectives, at improving flood risk …

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Non-VAT registered importers to pay 12.5% upfront

The Ghana Revenue Authority (GRA) will start the imposition of an upfront 12.5 per cent Value Added Tax (VAT) on the customs value of taxable goods at all ports of entry with effect from Tuesday, June 6, this year. The development will affect importers of taxable goods who are not …

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President Akufo-Addo declares end of COVID-19 pandemic in Ghana

In an address to the nation on Sunday (May 28, 2023), President Nana Addo Dankwa Akufo-Addo declared the end of the COVID-19 pandemic in Ghana. The President, who has been at the forefront of Ghana’s response to the virus, shared updates on the country’s enhanced response and outlined the achievements …

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IMF bailout won’t immediately end Ghana’s difficulties – Akufo-Addo

President Akufo-Addo has emphasised that the bailout secured from the International Monetary Fund (IMF) will not be an instant panacea for the country’s challenges. He believes it will, nonetheless, play a crucial role in restoring confidence and reopening opportunities that have been limited in recent years. During a national address …

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