How to apply for the COVID19 Relief Fund for SMEs

For some time, small business owners in Ghana have been in expectancy of more information on the COVID19 Relief Fund for SMEs. In a nationwide address on Sunday, 5th April 2020, the President, His Excellency Nana Addo Dankwa Akufo-Addo announced the establishment of the Coronavirus Alleviation Programme (CAP), as part of measures to effectively manage …

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Which banks in Ghana are the most SME-friendly?

SMEs are the lifeline of our economy in Ghana. However, many SMEs have been excluded in the financial services due to sometimes high cost associated with accessing financial services. So we have compiled all banks in Ghana and their charges, right from the minimum opening balance, cost of cheque books to commission on turnover and …

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GRA extends annual tax returns deadlines in the face of COVID-19

The Ghana Revenue Authority (GRA) has extended the deadlines for the filing and payment of annual taxes. This is part of measures presented by the Minister of Finance in a statement to parliament on the Economic Impact of the COVID-19 pandemic on Ghana’s economy on 30th March, 2020. These fiscal measures are to prevent the …

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Ghana Tax Calculator App

As business owners and accounting professionals we work with taxes on a daily basis. Finding a way to simplify how you calculate taxes is one of the holy grail of the accounting profession. For business owners, it is a way of taking away the complexities that certain taxes come with. Thus, it came as no …

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Continent’s Potential Can Be Realised Through Technology

We are in a fast changing technological age which brings with it a huge leverage for countries and businesses ready to use it. I shared my thoughts on how technology can be used to accelerate efforts towards achieving the Sustainable Development Goals (SDGs), especially within continental Africa. Read it below: With 200 million people aged …

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What Percentage of Revenue to spend on Marketing?

Marketing is an important part of every business. No wonder it is said that, “doing business without advertising is like winking at a girl in the dark. You know what you are doing but nobody else does”. For most businesses, especially those in the early stages of their operations with few data set on their …

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