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UK FINANCE MINISTER, KWASI KWARTENG SACKED

Britain’s finance minister Kwasi Kwarteng has been sacked after less than six weeks in the job, the BBC reported on Friday, as the government’s massive tax cuts sparked financial market turmoil. Kwarteng is no longer chancellor of the exchequer, the BBC said. The Times newspaper reported earlier that Kwarteng was …

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GHANA RECORDS 37.2 % INFLATION RATE FOR SEPTEMBER

According to the Ghana Statistical Service, the country’s inflation rate in September was 37.2%. The GSS reports that the rate has increased from 33.9% in August 2022 to 37.2% in September 2022. Compared to the 33.9 percent reported in August 2022, this is a monthly gain of 2.0 percent. The …

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GRA SHUTS DOWN 4 BRANCHES OF PALACE MALL IN ACCRA

The Ghana Revenue Authority has closed the Palace Mall locations in Labone, Spintex, Atomic Roundabout, and Weija due to non-compliance with the authority’s E-VAT Invoicing system. According to GRA, a number of chosen stores have purposefully neglected to generate electronic VAT bills when clients walk in to make purchases. The …

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GRA CLOSES CHINA MALL SHOPPING CENTRES FOR NON-COMPLIANCE

Enforcement Officials of the Ghana Revenue Authority (GRA) has closed four branches of the China Mall Shopping facilities in Accra for non-compliance with the e-invoicing system for Value Added Tax (VAT) introduced by the Authority. The Authority rolled out the e-invoicing system for VAT collectors from October 1, 2022, to …

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