tighten tax laws on public servants’ benefits
curtail unwanted exemptions
The Tax Justice Coalition Ghana (TJC-Ghana) has called on government to intensify its efforts at mobilising domestic revenue to help fill the revenue gap, considering the big financing gap that has resulted from the COVID-19 pandemic.
According to the coalition,...
…as NPLs begin to inch up
Banks and other financial institutions face the risk of seeing their loan defaulters increase this year, as data from the Bank of Ghana shows the Non-Performing Loans (NPLs) have started rising due to the challenging business environment brought on by the coronavirus pandemic.
After declining...
Central banks are starting to experiment with negative interest rates to stimulate their countries’ economies
Money has been around for a long time. And we have always paid for using someone else’s money or savings. The charge for doing this is known by many different words, from prayog in ancient...
… as 18 companies, six individuals win major awards at 2020 manufacturing awards
Robert Ahomka-Lindsay, Deputy Minister of Trade and Industry, has said government is ready to reposition the manufacturing sector to help lead the economic revival of the country as plans are far afoot for a post COVID-19 economy.
Speaking...
The Kenyan shilling is expected to trade on the back foot this week while that of Tanzania is seen strengthening and the Nigerian, Ugandan and Zambian currencies holding steady.
KENYA
The Kenyan shilling could come under pressure this week due to U.S. dollar demand from the energy and manufacturing sector...
…as raw materials shortage keeps prices up
Businesses in the country, especially those in the retail sector, are calling for the borders to open as the gradual return to normal is being impeded by their closure, an IHS Markit Ghana survey has shown.
Government ordered the closure of borders in March...
The Japanese government has signed a grant agreement of $7.9 million with Ghana in support of three projects in Ghana.
The projects include the construction of flyovers to help alleviate traffic congestion and improve the environment around the Tema Motorway Roundabout.
Another project in the agreement is the supply of medical...
Government debt burdens across sub-Saharan Africa are rising at a faster pace and to higher levels than elsewhere in emerging markets, heightening the risk of further rating downgrades and defaults, ratings agency Fitch warned on Tuesday.
Emerging markets have been battered by the fallout from the coronavirus pandemic, with a...
The Ghana Revenue Authority (GRA) has locked up an unlicenced Chinese Factory - Everyday Manufacturing Ltd. - located at the Awutu Senya Constituency in the Central Region for illegally recycling cartons of government textbooks into toilet-rolls.
The Special Revenue Mobilisation Task Force of the GRA embarked on the action after...