IMF to Converse 2025 Budget with Government Amid Plans to Remove Key Taxes
The talks come at a pivotal moment, with the government planning to scrap key tax lines, including the contentious E-levy, betting tax, and COVID-19 levy
Economy
GH₵2.9 billion in Treasury Bill Bids Rejected as Government Prioritizes Fiscal Discipline
Accra, Ghana – The Ghanaian government has turned down GH₵2.9 billion in Treasury bill bids despite strong investor interest, underscoring its commitment to prudent fiscal management.
Road and bridge tolls to be reintroduced by government with modernized systems.
This move comes after the erstwhile Nana Akufo-Addo government ceased toll collection in 2021 to ease traffic congestion, replacing it with the Electronic Transfer Levy (E-levy).
President Mahama calls on Chiefs to protect lands and water bodies from illegal mining.
President Mahama highlighted the urgent need for collective action to combat the environmental degradation caused by illegal mining
China-US tariff war drives Gold prices to reach record high.
Gold prices hit a record high on Wednesday, bolstered by fears of a new trade war between the United States and China after Beijing slapped tariffs on U.S. imports in a response to new U.S. duties on Chinese goods.
Economy, International News
USAID workers placed on leave globally as Trump moves to shut down the agency.
A State Department notice to USAID employees ‒ two-thirds of whom work overseas across 60 countries ‒ said all USAID “direct hire personnel” across the world will be placed on administrative leave effective Friday, Feb. 7 at 11:59 p.m. ET. The only exception is for designated personnel responsible for “mission-critical functions, core leadership and specially designated programs.”
Customers advised to transfer their Investment from WSL as GSE expels the firm.
According to the Exchange official communication on February 4, 2025, “Clients of WSL should contact the Exchange for assistance with transferring their securities accounts and holdings to any Licensed Dealing Member of their choice
Fuel prices rises for the third time in 2025 despite NPA assurances.
The Chamber of Petroleum Consumers (COPEC) had earlier predicted a slight price hike, citing rising global crude oil prices and the continued depreciation of the cedi as key contributing factors.
China strikes back with targeted tariffs in response to US tariffs on Chinese goods
tarting Feb. 10, China will impose an additional tariff of 15% on coal and liquefied natural gas and a 10% tariff on crude oil, agricultural machinery, large-displacement automobiles and pickup trucks, the government said
Tariff Turmoil: How U.S. Trade Policies Are Reshaping Global Markets
U.S.-Canada trade is valued at $683 billion, with 75% of Canadian exports heading south.