A member of the Finance Committee of Parliament, Yussif Jajah Issaka, has called on government to channel the 10 pesewas sanitation levy to address critical areas for maximum results. Acknowledging that the accrued amount may not be enough to address all sanitation needs of the country, he observed government has...
Two major macroeconomic policies that have strong correlation with the standard of living in every country including Ghana are the monetary policies and the fiscal policies predominantly adopted and well implemented by the government. The application of these policy tools are the functions of prevailing economic performance or outlook...
Government can raise more revenue while discouraging patronage of over-aged vehicles if it includes the proposed Sanitation and Pollution Levy (SPL) on roadworthy certificate fees rather than on fuel, a transport industry researcher and a member of the American Economic Association, Harrison Okyere Nyarko, has said. Government announced in the...
… sees profit grow 341% in 2020 In what was a most unusual year - one that saw businesses across various sectors crumble under the weight of adverse economic strain brought about by the ongoing pandemic - the Agricultural Development Bank (ADB) has proven extremely resilient, posting a profit after...
… as US Exim Bank supports 1D1F with US$300m facility Trade and Industry Ministe,r Alan Kyerematen has made a strong case for Ghana during the US President’s Advisory Council on Doing Business in Africa (PAC-DBIA) virtual Roundtable held on Wednesday, June 2, 2021. The PAC-DBIA advises the US President, through the...
This year’s edition of the ‘World Meets in Ghana’ Forum, which was successfully organized in Ghana in 2019, has been postponed to August 2022 – the organizers have announced. E ON 3 Group, initiators of the event have attributed the postponement to the COVID pandemic, with Kempinski Hotel Gold Coast...
Mobile money transactions have emerged as the most preferred digital payment method in Ghana, according to a research conducted by a Research Team at Stanbic Bank Ghana. According to the report, the number of mobile money subscribers increased by 15% in 2020, with an estimated value of transactions at...
Following the drop in the policy rate by the monetary policy committee of the Bank of Ghana (BoG), interest rates across the market have seen similar declines; however, this is not a guarantee for an aggressive push in lending to the private sector, Courage Kingsley Martey, Senior Analyst with...
The Finance Minister, Ken Ofori-Atta has announced that government will not seek additional funding and supplementary budget for the next half of the year to contain the country’s debt stock and avoid fiscal slippages. Mr. Ofori explained that even though the COVID-19 pandemic has ravaged many economies around the world,...
As part of efforts to boost domestic revenue mobilisation, the International Monetary Fund (IMF) has urged government to leverage underutilised tax handles such as alcohol, tobacco, and property taxes, as their contribution is far below expectation. According to the Fund’s Article IV report, non-fuel excises make up a very small...