General News
Increment in VAT is inappropriate at this time – Ghana Chamber of Commerce CEO

The Chief Executive Officer of the Ghana Chamber of Commerce, Mark Badu-Aboagye, says now is not the time for government to be increasing Value Added Tax (VAT) rates.
He stated that raising tax rates should have been the last thing the Akufo-Addo-led administration ought to have done given the difficult economic conditions that businesses are experiencing.
Speaking on JoyNews’ PM Express Business Edition, he said, “At this time that businesses are going through difficult situations, the last thing that any manager of an economy would do, is to increase the VAT or the rate of a tax.”
According to the CEO, the structure of the proposed VAT scheme is not in the best interest of businesses.
He explained that the tax increment was counterproductive to the development of the private sector.
Mr. Badu-Aboagye further stated that the measures outlined in the 2023 Budget even though aimed at stabilizing the economy may inadvertently lead to a high unemployment rate.
The CEO explained that due to government’s decision to freeze employment in the civil and public sectors, citizens will heavily depend on the struggling private sector as a source of employment.“The only hope for those who are looking for jobs is within the private sector. If you are burdening the private sector with taxes and they cannot expand, they are not making profits, what we are saying is that in 2023 the unemployment rate is going to go up”.
Source: myjoyonline
General News
Menzgold: NAM1 enters a not guilty plea to allegations of money laundering, fraud, and other offences

Nana Appiah Mensah, the former CEO of Menzgold, also known as NAM 1, has pleaded not guilty to all 39 charges of wrongdoing.
Nana Appiah Mensah, widely known as NAM 1, was charged with 39 counts of crimes, including money laundering abetment, deceiving by false pretences, carrying out deposit-taking without the required licence, unlawful deposit-taking, and money laundering.
This is a decrease from the 61 counts originally filed against him.
In 2019, the Attorney General launched an inquiry on NAM 1, accusing him of scamming hundreds of clients out of millions of Ghana cedis through his gold dealership enterprise.
The case was adjourned numerous times until new charges were brought on August 30, 2023.
Mr Appiah Mensah stated plans to unfreeze locked up cash of Menzgold clients in exchange for 650 for verification.
Following that, he altered his intention to force former clients to obtain a verification access card in order to authenticate transactions and confirm claims, despite substantial public and consumer outcry.
Source: myjoyonline.com
General News
Limited Voter Registration: Two people detained for attempting to register twice

Two people were detained in Asokore Mampong Municipality for allegedly attempting to double register in the current Limited Voters’ Registration Exercise.
According to Municipal EC official Angela Afriyie Osei, the two suspects were apprehended after being validated as people existing in the Electoral Commission’s database.
As a challenge to the procedure, Madam Angela Afriyie mentions duplicate registration and efforts to register minors.
“The challenge we have been facing is about the double registration. At times when applicants come and we interrogate them, they insist he or she hasn’t registered before but when they go to the biometric column then it will come out that the person has registered.
“At the moment, we’ve handed two to the police. On male and a female. Another issue is also with the registration of minors,” she indicated.
Meanwhile, some party operatives are pleased with the outcome thus far.
“So far, we are satisfied with the entire process except some few challenges but that aside, we are very much comfortable with the process. All in all, everything is great,” an agent told JoyNews.
General News
Black Sherif prophesy: Prophet Nigel Gaisie makes u-turn

Nigel Gaisie, the founder and head of the Prophetic Hill Chapel, has stunned Ghanaians by backtracking on his prophecy regarding artist Black Sherif.
Prophet Gaisie had a vision in which he witnessed the mother of musical sensation Black Sherif sobbing excessively in a post on his official Facebook page.
As a result, he pushed the musician to seek safety before December, implying his impending death.
However, in a recent interview, Prophet Gaisie clarified that the prophecy is for a particular Sherif Black and not the Konongo-based performer.
“We see in bits and pieces, and what I saw in the spiritual realm is Sherif Black, but any logical person can make projections and deductions from it.” If I hear a prophecy about Ako and my name is Akosua, I will definitely act on it,” he said in parables.
Regardless, the man of God exhorted those who were convinced of the prophecy to fast and pray in order to avoid death.
Prophet Gaisie, who dismissed charges that his doom prophecies concerning celebrities are only for fame, stated that he will quit making them public in order to prevent insults and derision.
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