Ghana’s expenditure has been driven by interest expenditure and the only option would be to restructure both its external debt as well as the huge and expensive domestic debt. Also, the persistent depreciation of the local currency against the US $ has contributed the unsustainable debt levels It can...
-calls on gov’t to outline eligibility
The National Tenants Union (NTU) of Ghana has expressed concern about government’s new ‘loan for rent’ scheme; indicating that it fears those who will be in need of critical assistance could be left out.
According to the Union representing over 11 million tenants in the...
In the coming weeks, the World Bank will enter into a new partnership framework agreement with Ghana - with the focus on carving conditions for a strong private sector-led growth, the Bank’s Vice President for Africa Western and Central Region, Ousmane Diagana, has revealed.
A Country Partnership Framework (CPF) is...
Former Finance Minister, Seth Terkper, has reignited conversations on Bank of Ghana’s continuous financing of government, saying, it will weaken the bank’s financing position which will be detrimental to the recovery efforts.
His concerns come on the back of the central bank’s financing of government budget to the tune of...
The Managing Director of ARB Apex Bank PLC, Alex Kwasi Awuah, has advised Rural and Community Banks (RCBs) to redesign and integrate their systems to assist them cope and position themselves properly in the face of economic uncertainties facing the world.
He explained that after almost fifty years since the...
Abstract:
African countries depended less on foreign currency to maintain the wheels of government and society in the early days of the post-colonial era. However, in the form of modernization and dependency, the global West exported its development model to the global South and its periphery after World War II...
In the competitive business world, understanding your enterprise's financial foundations is beneficial and essential for survival and growth. Among the most crucial financial metrics entrepreneurs must grasp are Profit, Margin, Profit Margin, Net Profit, and Net Margin. Each of these terms, while interconnected, offers unique insights into the financial...
The removal of import duties on spare-parts and other items will begin in 2018, the Ghana Revenue Authority (GRA) has said.
This due to completion of the processes and legal framework necessary for implementation of the decision announced by government in its 2017 budget.
It also follows the expected operationisation of...
The government of Ghana has launched three new policy initiatives designed to deepen financial inclusion and accelerate digital payments, in line with government’s vision of building a payment system that accelerates economic development.
The policies are the National Financial Inclusion and Development Strategy; Digital Financial Services Policy; and Cash-Lite Roadmap....