Tuesday, September 28, 2021
…as Telecos paid GH¢3.6bn tax in 2020 Total taxes borne, collected and other remittances made to government and allied agencies resulted in total payment of 3.6billion cedis. This contribution forms approximately 8.5% of Ghana’s 2020 tax revenue (Ministry of Finance, 2020 budget statement). This was revealed at the 18th Knowledge Forum...
The recent government 6-year bond that was oversubscribed is indicative of investors’ positive outlook on inflation, which the Bank of Ghana has targetted at 8±2 percent at the end of the year, Senior Investment Analyst at OctaneDC Limited, Kwadwo Acheampong, has said. Per the latest inflation figures reported by the...
The Cedi depreciated against the dollar this week, sliding to 6.04 from 6.02 at last week’s close, with dollar demand continuing to outweigh supply as economic activity increases in the country. A $75m FX auction last week gave the local currency a temporary reprieve before increased dollar demand resumed...
President Nana Addo Dankwa Akufo-Addo has reiterated that it will take the resilience and ingenuity of the private sector to guarantee economic growth and create sustainable jobs for youth in the country. According to the president, to be able to strengthen the country’s position as an economic powerhouse in West...
The rebound of activities in the Services sector, particularly growth in the hospitality industry, has impacted positively on the economy, as gross domestic product has recorded 3.9 percent in the second quarter of the year, data from the Ghana Statistical Service (GSS) have shown. According to the report released yesterday,...
Since the informal sector of the economy constitutes around 90 percent of the country’s workforce, the Trades Union Congress (TUC) organised a sensitisation forum for its Union of Informal Workers Associations (UNIWA) in Accra this week to respond positively to the on-going COVID-19 vaccination exercise. Dr. Yaw Baah, Secretary-General of...
…as personal income tax sees 5-yr consecutive decline Data from the Ghana Revenue Authority (GRA) has shown that revenue generated from personal income tax has continuously seen a decline for the past five years - a situation that tax experts and authorities said can be partly blamed on the evasion...
- Moody's and S&P affirm credit rating Two Credit Rating Agencies - Moody's Investor Services (Moody's) and Standard and Poor’s (S&P) - affirmed Ghana's Credit Rating at B3 and B- respectively. The Rating Agencies also maintained Ghana's outlook. In making their decision, the credit rating agencies considered Ghana's improving growth prospects,...
The current Board Chair and former Chief Executive Officer of the Business and Financial Times (B&FT), Dr. Edith Dankwa, has been ranked by Billionaires.Africa as part of the top ten female moguls, redefining the role of women on the African media scene. The B&FT is Africa’s leading business newspaper founded...
Although the equities market this year has been on a stellar run cumulatively, pension funds share has declined from the position earlier recorded in the first half of the year of 2021, latest data from the Ghana Stock Exchange (GSE) has shown. The August 2021 report issued by the GSE...
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