Despite some gradual increases over the past two decades, Ghana’s tax-to- GDP ratio - which stood at 13 percent in 2019 - remains below that of many countries with a comparable income level; largely due to ineffectiveness of the current tax policy designs of personal income and general sales...
Mid-year budget Director of the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana, Professor Peter Quartey, has urged government to provide update and clarity on the newly introduced taxes so that their impact can be assessed and revised if necessary. Government in the 2021 budget introduced...
The recent rise in food prices and hike in transport fares have pushed inflation up in June, thereby ending the disinflation process since March and putting a squeeze on the Ghanaian consumers’ wallet. Data released by the Ghana Statistical Service (GSS) have shown that the consumer price index, the nation’s...
The Business Climate Report has urged the country to change its old practice of exporting primary products to the United Kingdom (UK), which has persistently resulted in a negative trade balance at the country’s expense. The 2020 report indicated that the UK imported US$242million worth of goods, while Ghana on...
Second Deputy Governor of Bank of Ghana, Elsie Addo Awadzi, has noted that good corporate governance is crucial in achieving economic survival and growth. She disclosed that strong governance in all of corporate Ghana, and indeed the public sector, is necessary for promoting desired socio-economic transformation for Ghana - entreating...
A labour expert, Kofi Asare Asianowa, has expressed scepticism at government's COVID-19 economic recovery programme - saying public servants may not enthusiastically provide the needed support required to accelerate the programme due to the quantum of their pay rise recently announced. According to him, the 4 percent pay rise in...
The Ghana Gas Company reflects the many blessings, in terms of natural resources, God has gifted Ghana. Ghana's oil and gas history stretch a bit over a decade. Ghana discovered its oil richness in 2007. The large-scale oil extraction and gas generation were initiated in the year 2011. These extraction...
…calls for smart capital investment The Chief Executive Officer of Wear Ghana, Awura Abena Agyeman has urged the Finance Ministry to ensure that the yet-to-be-established Development Bank Ghana (DBG) provides credit to young entrepreneurs to help them grow their businesses. According to her, the needs of Small Medium Enterprises (SMEs), which...
The Pan African SMEs Network is conducting a survey on the readiness of Small and Medium Enterprises to benefit from the Africa Continental Free Trade Area Agreement (AfCFTA). According to the Network, its preliminary checks revealed that despite the commencement of trading activities since January 2021 many SMEs are oblivious...
The Ghana Fixed Income Market (GFIM) continued it bull run in June 2021 as trading activity shows consistent growth month on month, data from the Ghana Stock Exchange has shown. The data, which summarized market activities in June 2021, shows that volumes traded on GFIM increased by 10.63 percent to...