The Ghana Revenue Authority (GRA) has hinted of plans to further digitise tax payments through mobile money services, as part of efforts to boost tax collection as well as increase informal sector contributions to tax revenue. The tax authority believes the innovation, which is still under consideration, will facilitate tax...
The Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana is pleased to issue its official opinion on the 2018 Budget Statement and Economic Policy presented by the Minister of Finance to the Parliament of Ghana on Wednesday 15, November, 2017. The Akufo-Addo Government presented its...
Danish investors who trooped into the country last week, with Queen Magarethe II of Denmark, have shown interest to invest in government’s flagship One District, One Factory programme. In an interview with the B&FT at a forum organised last week as part of the visit, CEO of the Ghana Investment...
The central bank Governor Dr. Ernest Addison has said a longer period of “sustainability” is needed before commercial banks’ lending rates will trend downwards to reflect the central bank’s loosening of monetary policy. With the Monetary Policy Committee of the central bank reducing its policy rate by 100 basis points...
Auditing firm KPMG has said the success of government’s bid to expand the tax net, among other things, will largely be determined by how well it employs the use of proper data. According to a Partner at the firm, Andy Akoto, government needs to take a cue from countries like...
Tax and Audit consultancy PricewaterhouseCoopers has said the 2018 budget statement and economic policy offers businesses the breathing space to focus on boosting their growth. Speaking at PwC’s post 2018 budget forum, its Senior Country Partner, Vish Ashiagbor, said the budget “gives certainty and clarity to businesses so they can...
Credit ratings agency Moody’s has warned that Ghana faces a severe risk of financing stress as a number of sovereign bonds issued by government in the past few years reach their maturity in the early 2020s. According to a report issued by the ratings agency, Ghana faces principal payment worth...
Government has asked Danish investors to take advantage of the numerus opportunities that exist in various sectors of the economy, as the country prepares to move from aid to trade and become Africa’s manufacturing hub. Speaking to Danish investors who are currently on a two-day visit with Queen Margarethe II...
The only way Ghana can benefit fully from trade agreements with other countries across the world is when it increases it production of goods for export, Trade and Industry Minister, Alan Kyerematen, has said, asking industrialists to up their game. The country’s low level of production, the Trade Minister said,...
The Ghana Investment Promotion Centre (GIPC) has said it is confident of meeting its 2017 target of registering foreign direct inflows to the tune of US$5 billion, a more than 108 percent increase from the US$2.4 billion recorded last year. The GIPC’s third quarter report indicates that close to US$3.4billion...