Kofi Ahovi

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MTN@30 rewards everyday customers with Prados at Kejetia

A businesswoman, a farmer and an engineer drove home brand-new Toyota Land Cruiser Prados, as MTN Ghana’s MTN@30 reward promotion took its biggest prizes to Kejetia. None of them did anything extraordinary to win. They simply kept calling, browsing and transacting on MTN. The winners – Faustina Asante, Mahama Wasila and Alidu Tanko – received their keys at a colourful prize presentation at Kejetia in Kumasi on September 16, 2026, held as part of MTN Ghana’s 30th anniversary celebrations. They join a growing list of customers being rewarded under the three-month promotion for their continued trust in MTN. There was no registration, no short code and no extra step required. Customers earned points automatically from everyday activity – calls, data and Mobile Money transactions – and every point was a chance to win. Speaking at the presentation, Sandra Oduro Antwi, Senior Manager, Consumer Marketing at MTN Ghana, said the promotion is the company’s way of saying thank you to the cust...

Trump wants AI to be rebranded as super intelligence. Will it work?

US President Donald Trump says the term artificial intelligence (AI) makes the technology "sound fake" and wants it to be called "super intelligence". Welcome to the new world of super intelligence - SI," Trump said during a wide-ranging speech to the United Nations General Assembly in New York on Tuesday. While some people close to the president immediately started to use the term, experts have told the BBC it is unlikely to gain widespread traction in the industry because it is a name typically used to refer to more advanced systems. The announcement is Trump's latest rebranding move after he had the names of Lake Ontario and the Gulf of Mexico changed on US maps and federal communications. From this point forward, all of United States' documents, and hopefully the world's, will be changed to use the more accurate term 'super' as opposed to 'artificial'. So it's 'super intelligence'," Trump said. In the past we...

BoG flags reserve pressures as Ghana enters fourth quarter

The Bank of Ghana (BoG) has raised concerns about Ghana’s external position, saying declining foreign exchange reserves and a weaker current account could limit the room available for monetary policy in the months ahead. The country’s gross international reserves had fallen to US$11.07 billion, equivalent to 4.2 months of import cover from US$11.43 billion at the end of July 2026.. Speaking at the opening of the 132nd Monetary Policy Committee meeting in Accra on Wednesday, September 23, 2026, Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, said said the situation required the Bank to prioritise rebuilding its foreign exchange reserves as Ghana approaches the final quarter of the year, when demand for foreign currency typically increases. Rebuilding net foreign assets must therefore remain the priority heading into the fourth quarter,” Dr. Asiama emphazied. Current account under pressure The Governor said Ghana’s external position had weakened partly because gold shipme...

Review Of The Income Tax (Amendment) Act, 2026 (Act 1178) And Its Impact On Taxpayers

By Goodnews Dzramedo Finance, Supply Chain and Total Rewards Professional Executive Summary The Income Tax (Amendment) Act, 2026 (Act 1178) provides targeted relief to individual taxpayers and broadens access to Ghana’s presumptive tax regime for small businesses. The Act increases the annual tax-free threshold for resident individuals from GH¢5,880 to GH¢7,056 and raises the presumptive tax turnover threshold from GH¢500,000 to GH¢750,000. These changes are expected to improve disposable income, reduce compliance pressure for qualifying SMEs, and support a simpler tax administration framework. Key Takeaways The tax-free threshold has increased by 20%, providing relief to all resident individual taxpayers. Minimum wage earners are effectively removed from the personal income tax net. The top marginal tax rate remains 35% for annual income above GH¢600,000. More SMEs may now qualify for the 3% presumptive tax regime because the turnover threshold has increased to GH¢750,000. Small...

Rising oil prices pose fresh inflation risk to Ghana – BoG

The Bank of Ghana (BoG) has warned that rising global oil prices, driven by the prolonged conflict in the Middle East, could put renewed pressure on inflation and economic activity in Ghana. Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, speaking at the opening of the 132nd MPC meeting in Accra, said Brent crude oil prices had risen to about US$107 per barrel from more than US$85 per barrel when the Monetary Policy Committee (MPC) last met in July. He said the increase was occurring amid disruptions to global trade and oil supply, while lower global oil inventories were leaving markets with less capacity to absorb further supply shocks. Brent crude, which was above US$85 per barrel when the Committee last met, rose to about US$107 per barrel last week, its highest level in four months,” Dr. Asiama said. He further added that “the conflict’s trajectory has become highly uncertain, and risks to global growth and inflation have become more pronounced,” he added. Inflation...

GRA targets 50% cut in VAT gap by 2028

The Ghana Revenue Authority (GRA) is targeting a reduction in the country’s Value Added Tax (VAT) gap from the current 60% to about 30% by the end of 2028 as part of efforts to improve tax compliance and increase domestic revenue mobilisation. Commissioner for the Domestic Tax Revenue Division of the GRA, Dr. Martin Kolbil Yamborigya, said the target formed part of the Authority’s VAT Strategic Plan, which focuses on closing compliance gaps and improving VAT collections. According to our VAT Strategic Plan, we are hoping that between now and the end of 2028 we should be able to close this gap from the current 60% to about 30%,” he said. Dr. Yamborigya disclosed this when he spoke to the media on the sidelines of the launch of the GRA’s VAT Compliance Campaign, following compliance visits to selected businesses at the Accra Mall. He explained that reducing the VAT gap would require the Authority to improve collections from the existing tax base by ensuring that businesses and indi...