Finance Minister Dr. Cassiel Ato Forson announced comprehensive Value Added Tax (VAT) reforms in the 2025 budget statement. The reforms aim to simplify the tax system, reduce the cost of doing business, and improve overall tax compliance. At the heart of the reforms is the abolition of the COVID-19 Levy, […]

In a gesture of profound generosity and forward-thinking vision, Mr. Emmanuel Sekyere Asiedu, the esteemed CEO of Virtual InfoSec Africa, has bestowed a monumental gift upon his alma mater, the University of Ghana, Legon. This great philanthropist has donated and commissioned an ultra-modern cyber security lab worth an astounding 3 […]

In a bold move to tackle fiscal mismanagement, Ghana’s Finance Minister Cassiel Ato Forson addressed Parliament, revealing a shocking abuse of the Tax Refund Account. A study spanning eight years uncovered that out of GH¢29.11 billion accrued, only 43% (GH¢12.5 billion) was used for tax refund purposes, while a staggering […]

Ghana’s energy sector is facing substantial fiscal risks due to increasing financing shortfalls. In 2024, the Ministry of Finance (MoF) provided approximately GH¢20.8 billion to support the energy sector. However, these funds could have been utilized for job creation, infrastructure development, and social programs if the sector’s inefficiencies were addressed. […]

The government has announced plans to uncap the Ghana Education Trust Fund (GETFund), unlocking an additional GH¢4.1 billion to support free secondary education. Presenting the 2025 budget to Parliament, Finance Minister Dr. Cassiel Ato Forson emphasized President John Mahama’s commitment to ensuring sustainable funding for education. The decision to uncap […]