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Showing posts from July, 2025

PAX BONIFACE NEWS

  MINISTER OF FINANCE PRESENTS 2025 MID-YEAR FISCAL POLICY TO PARLIAMENT The Minister of Finance, Hon. Cassiel Ato Forson has presented the 2025 Mid-Year Fiscal Policy Review to Parliament. In his presentation, the Finance Minister explained that this Mid-year review is more than a fiscal update. “it is an account of what we inherited and the positive results of stewardship in the last 198 days” he stated. According to the Minister, the Ghana Revenue Authority, together with the Ministry of Finance is undertaking a nationwide consultation process to sentsitise key players in the trade and business sectors on the VAT reforms and solicit feedback from them. He hinted that, under the reforms COVID-19 Levy will be abolished, the effective VAT Rate would be reduced, the punitive cascading effect of the GETFund and NHIS levies will be removed, VAT rates will be removed and a unified VAT rate will be implemented, VAT rate registration threshold will be increased to exempt small and micro...

PAX BONIFACE NEWS

Elmina Bakatue Festival: Leaders Call for Development and Progress Nana Kodwo Conduah VI, the Paramount Chief of Edina Traditional Council The Elmina Bakatue Festival , a significant event in Ghana's cultural calendar, has once again brought together leaders and stakeholders to discuss pressing issues and opportunities for development. This year's festival featured notable speeches from Nana Kodwo Conduah VI, the Paramount Chief of Edina Traditional Council, and Hon Ekow Panyin Okyere Eduamoah, the Regional Minister for the Central Region. Hon Ekow Panyin Okyere Eduamoah, the Regional Minister for the Central Region. Nana Kodwo Conduah VI highlighted several areas that require attention from the government. He urged the government to review Sayiko issues related to fishing, emphasizing the need for sustainable fishing practices. The Paramount Chief also pleaded for the completion of abandoned projects, including staff bungalows at the Elmina Polyclinic and the Ntronoa TVET blo...