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Parliament abolish E-Levy; Bill awaits Presidential assent

Parliament has officially approved the Electronic Transfer Levy Repeal Bill 2025, effectively abolishing the controversial E-Levy, which previously taxed electronic financial transactions in Ghana. The E-Levy, which was initially introduced at 1.75% before being revised to 1%, imposed taxes on electronic transactions, including mobile money payments, bank transfers, and inward remittances. The levy, introduced in…

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FIC freezes Bills Micro-Credit Founder and CEO’s personal and company accounts

The Financial Intelligence Centre (FIC) has frozen financial accounts of Bills Micro-Credit, Quick Credit and Investment Micro-Credit – all belonging to business mogul Richard Nii Armah Quaye. Details emerging also indicate that all personal accounts of the companies’ Founder, Richard Nii Armah Quaye, and CEO, Romeo-Richlove Kweku Seshie, have also been frozen. The action was…

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Namibia swears in first female president

Netumbo Nandi-Ndaitwah has been sworn in as the first female president of Namibia. The 72-year-old Nandi-Ndaitwah won an election in November with more than 57 percent of the votes cast, with Panduleni Itula, her closest rival, getting 26 percent, according to the electoral commission. She has now joined a handful of female leaders in Africa…

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