Ghana’s benchmark stock market has risen 63.4% in local-currency terms, making it the world’s best performing after South Korea https://t.co/1Q6l1nXd6H
Following our earlier launch of the TaxLawGH Ghana Tax Calculator a few days ago, we have now rolled out additional functionality as part of our ongoing development.
The tool now includes:
• Net-to-Gross PAYE Calculator
• SSNIT Pension Calculator
• Capital Allowance Calculator — with the ability to upload hundreds of assets instantly using a CSV template
With these additions, the calculator can now help you:
• Calculate Withholding Tax
• Determine VAT & Levies
• Compute PAYE (including Net-to-Gross)
• Estimate SSNIT Contributions
• Compute Capital Allowances
• Track Tax Deadlines
• Determine Penalties and Interest
This is still Version 1, with continuous improvements and additional features to be rolled out over time.
We are building what will become the most comprehensive tax support tool in Ghana.
Access it here:
https://t.co/6BAfabzYTb
Earlier today, MSL Business School hosted a session on Artificial Intelligence and the Future of Professional Work, facilitated by Michael Siaw Larbi.
The full recording is now available on YouTube:
https://t.co/0wDpDNPyeX
Artificial Intelligence is rapidly changing how professional work is performed across accounting, finance and legal practice. AI tools are already being used to assist with research, analysis, drafting and decision-making, and understanding how to use these technologies effectively is becoming an important professional skill.
During the session, we discussed:
• whether AI will replace professionals
• the most important AI tools to know in 2026
• how professionals can begin using AI effectively in their work
We hope you find the session useful.
The aim is to harness the power of entertainment to touch lives, spark conversations and create real impact. See you at BHIM Festival on 24th December!
Dear Men, let this Men’s Day be a reminder to value your well-being, embrace balance, and prioritise self-care. Here are a few things you can do to take better care of your health.
#MensDay#MentalHealth#StandardChartered
My dear young professional friend living in Accra (or in any of Africa’s megacities, really), one key to peace of mind is knowing and understanding your *personal inflation rate*.
1. You see, when it comes to inflation, and the "cost of living crisis" it is stewing, so many people ignore the fine details. But you can't do that if you want to sleep well at night.
2. Let me tell you how confused even savvy political operators can be when it comes to inflation. Recently, I heard a veteran politician telling someone that all the cost of living moaning is an "Accra thing" and that outside Accra, Cape Coast and T'adi, people are not feeling any pinch. There is no inflation.
3. The funny thing is that this chap is actually right on some essentials. But only in the premises. Yes, inflation is felt differently in different places. Heck, everyone actually feels inflation differently.
4. The simple reason for this, of course, is that inflation is a "weighted average" of how prices are changing for a lot of goods and services. In Ghana, nearly 50,000 products and services in over 8300 shops in 57 markets are monitored. Obviously, the things you buy often and where you buy them will determine your own unique inflation rate for this month and the next.
5. Where my politician friend is wrong is in believing that inflation is an Accra thing. ACTUALLY, inflation has been going DOWN in Accra. In the most recent times, the Savannah, Upper West, Bono East and Upper East have seen the worst inflation. These are some of the poorest and most rural places in Ghana.
6. And, funny enough, some of these inflation hotshots are actually historic strongholds of the current political opposition. Savannah's FOOD inflation rate was nearly 50% in September, nearly 250% the rate of overall national inflation.
7. But let me not bore you with too much politics. Us policy analysts always have to drift into politics even when discussing personal matters. 🤦🏽♂️ Where was I? Yes, your personal inflation rate. Do you like fish? Well, bad news. The inflation rate for sea fish, like mackerel and tuna, was 33.8% as at last count (and a whopping 65.5% last year by this time). How are you going to stick to your "no red meat" health improvement plan? Well, you can consider switching to tilapia, as fish like that is only seeing a 25.4% inflation rate, much closer to general inflation. Assuming, of course, that you dont plan to do the East Legon style "whole tilapia" thing. Which is the whole point really, cut your cut according to your cloth.
8. By making adjustments to your purchasing habits and where you shop, you can adjust your inflation rate. Not always conveniently, but, at least, perceptibly.
9. An easy route to confusion is when thrifty and prudent as you are, you make a certain lifestyle choice and then over time acquire a taste for it. For example, you choose gob3 (fried plantain and beans) because it is good value and then start to enjoy it. The likelihood that if prices rise, you would fail to reevaluate is very high. And, yet, the undeniable reality in Ghana in 2024 AD is that the gob3 inflation rate is now around 31.2%, ~50% above general inflation. In fact, early in the year, it was over 50%. Soon, gob3 will shed its "brokeman luxury" image and join the ranks of tilapia in the East Legonified realm.
10. Which brings me to the final point. It is good to choose some lifestyles on their own merit, like health-consciousness. But you should still "adjust" that lifestyle for inflation and cost of living. If you choose to explore the whole "salad, wraps, and smoothies" paraphernalia, please learn to shop for fresh ingredients and make them yourself.
11. If, instead, you decide to go for convenience, and have a thing about hygiene, and therefore East-Legonify your tastes, then wahala for you oo, Nkosi! The inflation rate for East-Legonified "salad, wraps, and smoothies" is hitting 75%! 🙆🏽♂️ Which is what happens when the highest food inflation rates are in the vegetables class.
12. Getting a salad, wrap, and smoothie in a modern cafe in a place like East Legon would easily set you back a cool 200 GHS. Yep. Just lunch. And the only courtesy you will get are one of those nice posters updating you regularly about upcoming "price reviews" (sample picture in next thread). Which, let's be fair to facts, your favourite gob3 vendor doesn't do. So, you pays your monies, and you take your choices.
One thing that startle foreign investors when they come anew to Africa is how obsessed with revenue the top regulators usually are. Their revenue, not the investors'.
The one thing top African regulators seem optimised for is charging all manner of fees and doing a very effective job at it.
Now, don't get me wrong, most regulators worldwide probably love fees, and there are some elsewhere, certainly in the US, like those folks at the SEC, that seem to revel in slapping folks with fines to see how fast money can drip from stretched pores into their nice, dangling, pots.
But there is something grating about a regulator that normally won't respond to emails if you want a clarification about something urgent yet would suddenly become efficiency itself when it is time to bill you for one renewal charge or the other.
Sometimes, the excessive focus on revenues can be short-term smart and long-term detrimental, though.
Case in point: the pace of strategic reforms at Ghana's central tax authority. The organisation's latest review of its strategic plan (a nice piece of work, by the way) shows that maximising tax revenue is its number one goal. Fair enough. Its political bosses would definitely agree with that priority so the focus on revenue maximisation is probably not just because it earns a cut of all the taxes it collects.
But there are other very crucial performance targets in the strategy that, to my puny mind at least, are indispensable if the agency is going to maximise tax revenue "sustainably". Key example: customer service improvements to make tax compliance less of a hassle.
What do we see when we review the agency's execution of its strategy so far? More than 60% of actions, over 40% of KPIs, and 80% plus of completed projects are about revenue maximisation. In fact, a grand zero of key undertakings to enhance taxpayer satisfaction have been completed.
Like I said, revenue is great, but a regulator that obsesses only over revenue (even if it is a tax authority whose bread and butter is indeed tax revenue) would soon find that those meant to pay have drifted off. And that moving tax to GDP ratio from 13% to 18% remains out of reach.
As the Petroleum Commission of Ghana is fast learning as fee-flow starts to slow. While the juicy fees flowed in, it increased its personnel from 86 to 350 even though the industry over which it presides was shrinking and oil production was falling.
I'm sure Petroleum Commission folks would say that they are learning from the state-owned oil company, GNPC, where personnel has almost tripled over a similar period and average salary per year top $42k in a country where average annual salaries hover around $2k.
The Petroleum Commission would love to argue that it is merely following "industry trends". Except that GNPC began life as a regulator and has just internalised that life. More SUVs, more plush offices, more juicy travel perks. That is the life!
Paid for by all those nice regulatory fees!
🎵 Throughout his career, @stonebwoy has connected sonic and cultural dots.
The Ghanaian Afro-dancehall artist talks about connecting Africa and the Caribbean through music, the road to his latest album, 'UP & RUNNIN6,' and more.
https://t.co/YDBYkUukSq
I cannot say thank you enough to all who pull up for the #UPXRUNNIN6 play back!
I love you guys soo much..
album Link Below..👇🏾
https://t.co/iwrek32tgW
Get on YouTube and Check Out This Classic..
memories:
https://t.co/KY1Nsbaull
#UPXRUNNIN6
Calling all innovators! If your business has been established for 2+ years and is focused on solving environmental, climate, or social issues, we invite you to apply for Rise/E! This opportunity is open to young leaders, women-owned businesses, and people with disabilities.
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