interest payments to surpass wages and salaries
Ghana’s debt situation is such that out of every cedi collected in taxes by the Ghana Revenue Authority (GRA), 42 pesewas - almost half - is used to pay interest on the country’s debt; taking resources away from critical sectors, analysis by...
A consultant to the Ghana Alternative Market (GAX), David Tetteh, has advised against the practice wherein companies only approach the capital market as a last resort when they are in distress.
Against the backdrop that access to credit has been the bane of many businesses in the country, he noted...
The Institute of Fiscal Studies (IFS) has warned that, Ghana risk becoming a distress country if the rising debt stock is checked.
According to the IFS, measures need to be put in place by government to arrest the “seriously worsening” debt situation which portends ill consequences for the economy.
This warning...
Most economic forecasters have largely shrugged off recent advances in artificial intelligence (for example, the quantum leap demonstrated by DeepMind’s self-learning chess program last December), seeing little impact on longer-term trend growth. Such pessimism is surely one of the reasons why real (inflation-adjusted) interest rates remain extremely low, even...
Consumers are now more confident in the economy and think it is the opportune time to buy the things they need, the latest Nielsen Consumer Confidence Index (CCi) has shown.
According to the West Africa Consumer Confidence Index (CCI) figures released by Nielsen for Quarter-4, 2017, Ghana climbed eight points...
The cedi seems to have avoided the regular first-quarter curse by staying strong against the greenback, with analysts pinning its performance on the back of solid portfolio inflows and presence of the International Monetary Fund (IMF).
The cedi, for the past five years, has seen consistent massive depreciation in the...
Hajia Alima Mahama, the Minister for Local Government and Rural Development, has admonished regional ministers and coordinating directors to make revenue mobilisation their topmost priority this year.
She said this would help improve service delivery to stakeholders in particular to build a better Ghana, adding that they must be able...
Although President Nana Akufo-Addo has reiterated a ‘Ghana beyond aid’ on several platforms, which also happens to be the theme for this year’s 61st Independence anniversary, Mr. Anim-Prempeh believes certain structures first need to be in place to realise the vision.
Otherwise, Anim-Prempeh - who is the Executive Director, Policy...
Every year, as Ghanaians mark what has become a routine flag-raising independence celebration, one question keeps begging for an answer - how truly independent is Ghana?
Perhaps the closest we have come to answering this question is the sudden discovery by President Akufo-Addo that something needs to be done about...