Africa already in recession before pandemic
Bad debts could hit 10% as coronavirus knocks economy - BASA
That would mark highest ever level, over the 6% seen in 2009
Banks expected to have sufficient capital to handle hit
South Africa’s bad debts could hit 10% of bank lending this...
The Ghana Revenue Authority has refuted claims that since introduction of the Integrated Customs Management System (ICUMS), the state has lost revenue. Rather, the authority has had its revenue projections on target even with the teething problems that greeted the start of the system on June 1, 2020.
Commissioner General...
The Management of Ghana Community Network Services Limited (GCNet) says it has handed over all data from year 2002 to May 31, 2020 to the Customs Division of the Ghana Revenue Authority (GRA) in the requisite format.
The management said the data was transformable, manageable, acceptable and transportable to any...
Budget deficit hits 3.4% against 1.9% target
Unbudgeted expenditure, largely occasioned by emergency spending to contain spread of the coronavirus pandemic that was first recorded on March 12 in the country, has astronomically shot up the budget deficit by nearly double in the first quarter of the year.
The Fiscal...
As part of strategies to hasten revival of the economy following negative impacts from the coronavirus pandemic, the Ghana Export Promotion Authority (GEPA) has rolled out a programme that supports young entrepreneurs in the agriculture sector to tap into the international market.
The Youth in Export Programme, which is in...
As Senior High School (SHS) students prepare to go back to school tomorrow, Monday, President Nana Addo Dankwa Akufo-Addo has announced that government will absorb all the WASSCE fees of GHc75.4 million.
This means that, parents do not have to worry about paying for their wards to sit for their...
In a bid to stamp out corrupt revenue collection officials in the country, the Ghana Revenue Authority (GRA) together with the Ministry of Finance have established a Tax Audit and Quality Assurance Unit.
The new department will deal with all complaints of corruption and ensure that the public gets redress...
The country’s fears of losing substantial domestic revenue through the devastating impact of the coronavirus pandemic has been worsened as Bank of Ghana data shows only about 18 percent of oil revenue target was realized in the first quarter of this year.
According to the Fiscal Development Report (May 2020),...
GH¢490m earned in 17 days
GH¢1bn projected for June
The Ghana Revenue Authority has said the state has lost no revenue since the introduction of the Integrated Customs Management System (ICUMS), but rather, the authority has had its revenue projections on target even with the teething problems that greeted...
