Tuesday, December 7, 2021
A former Finance Minister, Dr. Kwabena Duffuor has described the proposed Electronic Transactions Levy (e-levy) in the 2022 national budget as a problematic policy that could derail the gains made in enhancing financial inclusion. The 1.75 percent e-levy which was announced by the finance minister during the budget presentation in...
50% of Ghanaians saving GH¢1 yearly will amount to GH¢5.4bn Speakers at the National Savings and Economic Growth programme have called for a collective effort by the citizenry to internally generate funds, which the government can tap into, in order to reduce the country’s dependency on international bodies for...
The Cedi weakened against the dollar this week to 6.146 from 6.126 at last week’s close as inflation surged to 11% in October—a 15 month high. The Bank of Ghana helped prevent a steeper decline in the Cedi by unexpectedly lifting its benchmark interest rate for the first time in...
The Minority in Parliament has maintained their stance on their disapproval of the newly proposed 1.75 percent  Electronic Transaction Levy (E-Levy) introduced in the 2022 budget. Minority Leader, Haruna Iddrisu in his concluding statement on the post-budget debate, stated that the E-levy  will “turn the country backwards,” by affecting small...
Government risks stifling the emerging e-commerce Industry, digital finance ecosystem and its own economic digitalisation and financial inclusion drive if it goes ahead with the announced levy on electronic transactions. The proposed 1.75 percent E-levy on mobile money, online shopping and other digital transactions as contained in the 2022 budget,...
As part of activities to programme the European Union’s Neighbourhood Development and International Cooperation Instrument (NDICI) 2021-2027, a stakeholders’ meeting has been held between The Economic Community of West African States, ECOWAS and the UEMOA Commission within the framework for the West African Region. The meeting also marked the launch...
Auditing firm PwC is warning that government’s decision to mainly finance its 2022 fiscal deficit from domestic borrowing could prevent local businesses from accessing funds to expand their operations. In the 2022 budget presented to parliament by the finance minister, government is seeking to fund its projected fiscal deficit of...
Chairman of the Finance Committee in Parliament, Kwaku Kwarteng, has indicated that government will through the just-presented 2022 Budget address the country’s rising debt situation, which he described as ‘chronic’ and requiring urgent measures. According to him, interest payments on loans continue to burden the economy; hence the country’s recurring...
The Climate Change Conference that was recently organized by the United Nations in Glasgow Scotland is a reminder to world leaders and indeed everyone that unless a concerted, systematic, global action is adopted to stop negative human activities that destroy our planet, human survival could be at risk. Rising desert...
Economists fear it will lead to financial exclusion Of all the users of digital payment systems which will be severely impacted by the Electronic levy (E-levy) soon to be introduced by government, mobile money customers will be those most heavily hit as data from the Bank of Ghana indicate...
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