Introduction
Since the outbreak of COVID-19 in Ghana in March 2020, economic policymaking has been dominated by measures to address the many impacts of the pandemic. In particular, fiscal policy has been deployed on a massive scale to shore up the public health response to COVID-19 and also lessen...
Parliament has approved the request from the Finance Minister for the suspension of the Fiscal Responsibility due to the dire effects of Covid-19 on the economy.
Finance Minister Ken Ofori-Atta in his mid-year budget presentation to Parliament requested that the Act which requires the country’s fiscal deficit to be kept...
Government’s policy to reduce the Communications Service Tax (CST) to 5 percent, provide free water for another three months, and pay the electricity bills of lifeline consumers and other fiscal populist strategies should be scrapped as the economy cannot raise enough revenue to support it, hence, increasing debt levels,...
Key findings of Ghana PMI
New orders rise, but companies continue to lower activity
Employment scaled back again, but at a reduced pace
Purchase costs increase at the fastest rate since January
Business conditions in Ghana's private sector were broadly stable again in July, mirroring the picture seen in June,...
Banks in the country are ready to finance projects and programmes in the private and public sectors with potential to revive the economy irrespective of COVID-19 prevalence, panellists at the fifth edition of the B&FT-organised Ghana’s Most Respected CEOs Breakfast Series, have said.
The panel, made up of bankers, economists...
Country Managing Partner for Deloitte Ghana, Daniel Kwadwo Owusu, has said that with the end of COVID-19 still unknown, banks need to capitalise on new opportunities and innovations to take decisions which guarantee their survival amid and beyond the pandemic.
Speaking in a live conversation on the Ghana’s Most Respected...
The Board of Directors of the African Development Fund (ADF) has approved a US$69million grant to support Ghana’s efforts in tackling the COVID-19 pandemic and to mitigate its socio-economic impact on the nation.
The grant from the ADF, the concessional arm of the African Development Bank, will provide fiscal budget...
The General Manager of Kantanka Automobile, Francis Kojo Kujoji, has confirmed that there is no import duty required to be paid on any vehicle purchased from Kantanka Automobile Company; and as part of an incentive packages for all their clients, the company assists customers to register their vehicles with...
“Retirement is supposed to be the great escape from the stresses inherent in most jobs, a time to experience a fulfilling life derived from many enjoyable and rewarding activities.” – Ernie J. Zelinski
2ND TIER – MANDATORY OCCUPATIONAL PENSION SCHEME
Key Features
Mandatory
The second tier is a compulsory contribution which is...
A new COVID-19 Business Tracker Survey conducted by the Ghana Statistical Service (GSS), in collaboration with the United Nations Development Programme (UNDP) and the World Bank, demonstrates the considerable impacts on Ghanaian businesses as a result of the pandemic outbreak.
It forced many firms to cut costs by reducing staff...