The Controller & Accountant-General, Mr. Eugene Ofosuhene, Thursday, told the five-member Adhoc committee probing the alleged cash for seat saga that it was wrong for the Ministry of Trade and Industry (MoTI) to have used their accounts to collect funds generated from the Ghana Expatriates Business Awards. The funds realised...
Optimism in global economic growth reaches record level and rises in all countries US reinforces its lead on China as a target market for growth in 2018 Over half of CEOs expect their headcount to increase Terrorism, geopolitical uncertainty, cyber and climate change rise as threats to growth  A...
A member of the Public Interest and Accountability Committee (PIAC), Dr. Steve Manteaw, has called on government to ensure transparency in the process leading to selection of a local partner for ExxonMobil in the Deep-Water Cape Three Points (DWCTP) oil contract. The contract, signed last week, has ExxonMobil - the...
An Economist at the University of Ghana, Dr. Eric Osei-Assibey, has said that low lending rates should not be expected anytime soon, as the gap between the central bank’s policy rate and inflation rates remain wide - urging the Bank of Ghana to address the challenge. Following BoG’s decision to...
The Ghana Revenue Authority’s (GRA) revenue collection target of GH¢39.8bn is achievable with suitable revenue collection strategies and dedication of staff, Commissioner-General of the GRA, Mr. Emmanuel Kofi Nti, has said. “The target is achievable on the back of hard work and the rollout of innovative measures in the course...
Parliament has granted a one week extension of time to the five-member Adhoc Committee probing the alleged cash for saga to submit its report to the plenary for consideration. The extension was granted by the leadership of the House following a request tabled in by the Committee. "Mr. Speaker, leadership is...
Businesses looking to access critical credit from lenders for expansion have been advised to undertake regular accounting and auditing of their accounts. This, according to Baker Tilly Andah and Andah, which is the Baker Tilly International accounting and auditing firm in Ghana, could help ease the credit crunch situation facing...
Although government saved around US$200million through procurement in the last 12 months, the country could have doubled that figure by institutionalising procurement, says Simon Annan, Chairperson of Chartered Institute of Procurement and Supply (CIPS) Ghana. According to him, if government can appoint the right people to man relevant procurement departments...
I would like to offer an overview of the outlook for the global economy and the Asia-Pacific region. And since the fortunes of both are so closely linked to China, I will also outline some key policy challenges facing Beijing. Let’s start with the big picture.  The bottom line is...
Given the relative stability in the key drivers of the policy rate – particularly inflation and the exchange rate - the central bank has room to further clip its policy rate today, or at worst stay it at 20 percent some analysts have said. “If we look at the period...