Government's request that holders of domestic debt voluntarily swap around GH¢137billion of the domestic notes and bonds of the Republic under its Ghana Domestic Debt Exchange Programme has been rejected by the Chamber of Corporate Trustees.
According to government, the debt exchange programme is now required to rebalance the regime...
Accumulation and sustainability of debt relative to gross domestic product (GDP) in the Ghanaian economy have been a major concern to some citizens, financial and economic analysts in recent years. The debt-to-GDP ratios recorded by Ghana in recent years are as follows: 2012 = 35.58%; 2013 = 43.22%; 2014...
The Head of Client Coverage at First National Bank Ghana, Richard Kokoih, has affirmed the bank’s commitment to supporting government in its bond-issuance programme that will increase the availability of funds for financing developmental projects.
According to Mr. Kokoih, the important role of banks like First National Bank in supporting...
The Private Enterprises Federation (PEF) has welcomed the Bank of Ghana’s decision to introduce its Ghana Reference Rate (GRR), the new module for calculating interest rates on loans, saying it is the right step.
Last week, the central bank announced the introduction of the Ghana Reference Rate which was set...
The Ghana Revenue Authority (GRA) has revealed that some leading shopping malls and eateries are duplicating electronic VAT serial numbers in an attempt to evade tax.
The Head of Accra Central Enforcement Area-GRA, Joseph Annan, speaking to the B&FT in Accra after a visit to some retail departmental shops said:...
Depositors prefer to invest their monies with banks than with fund management companies due to renewed high confidence in the former following a general reform carried out by the Bank of Ghana in the banking industry, a survey by KPMG, an auditing giant, has revealed.
The ‘2020 Banking Industry Customer...
On a typical workday, hundreds of thousands of men clad in overalls and carrying safety equipment and head lamps assemble at South Africa’s mine shafts. They crowd into cramped elevators to be lowered miles underground, where they hack at seams of gold or platinum and haul ore in intense...
The value of stocks traded on the Ghana Stock Exchange (GSE) reached an all-time-high (ATH) in May, as the local bourse saw shares worth GH¢607.31million change hands.
The uptick in market activity ensured that by end of the period the cumulative value of shares traded on a year-to-date (YtD) basis...
The floods, droughts, heatwaves and fires that are devastating many parts of the world underscore two fundamental facts: First, damage to freshwater supplies is increasingly straining human societies, especially the poor, with far-reaching implications for economic, social and political stability. Second, the combined impact of today’s extreme conditions are...
Ghana is in dire need of revenue to keep its economy afloat, and tax income is its surest bet. As talks with the International Monetary Fund drag, the state tax collector - Ghana Revenue Authority (GRA) - is on an unconventional drive to shore-up its domestic revenue to underpin...