The Commissioner General of the Ghana Revenue Authority (GRA), Mr. Emmanuel Kofi Nti, has indicated that the authority’s revenue target of GH¢39.8 billion is achievable. It raked in GH¢ 32.3 billion last year, registering a shortfall of GH¢1.1 billion. The figure, however, represented a nominal growth of 22.3 per cent over...
The ECOWAS Commission has signed a trade and investment cooperation agreement with the Republic of Turkey as part of efforts to deepen economic cooperation between members of the Sub-regional body and Turkey. Signing the ‘Turkey-ECOWAS Trade and Investment Cooperation Agreement’, is seen as a principal step toward institutionalising relations between...
The Head of the Economics Department of the University of Ghana, Prof. Peter Quartey, has said the central bank’s inflation-targetting mechanism remains effective, suggesting that calls for abolition of the regime are premature. Prof. Quartey was speaking at a public lecture organised by the Department of Economics, University of Ghana...
Mr. Ken Ofori-Atta, the Minister of Finance, has observed that public debt and fiscal deficit remain major challenges hindering the Economic Community of West African States (ECOWAS) from meeting the convergence criteria of a single currency. In that regard, he said, there is a need for enhanced efforts and strong...
Government plans to issue up to $2bn in H1 Ghana also considering green bond sale Ghana plans to issue a sixth Eurobond of up to US$2billion by June and has received keen interest from Asian investors, finance minister Ken Ofoti-Atta said on Tuesday. Ghanaian officials last week met investors in...
The National Board for Small Scale Industries (NBSSI), under the second phase of the Ghana Institutional Support Programme (GISP), has organised a ten-day workshop on business planning for new product development for micro, small and medium enterprises (MSMEs) in Koforidua. This is in line with the current government’s industrial transformation...
The Ghana Revenue Authority (GRA) has begun the process of drawing up guidelines that will encourage voluntary tax compliance, the Technical Advisor to the Commissioner-General of the GRA, Henry Yentumi, has said. “The administrative guidelines to go along with the tax policy are just in the final stages of preparation....
The World Bank Country Director for Ghana, Henry Kerali, has advised that government turn its attention to reducing food imports so as to revitalise the Agricultural sector, which can contribute in improving the economy. He asked that government take steps to make the Agricultural sector even more attractive than it...
Private pension funds have maintained their strong growth over the years, reaching a record high of GH¢9.7billion in 2017, from the previous year’s GH¢6.8billion. Data from the sector regulator, the National Pensions Regulatory Authority (NPRA), show that 9.2 billion of the 9.7 billion was accrued from Assets Under Management (AUM)...
A policy analyst with the Integrated Social Development Centre (ISODEC), Dr. Steve Manteaw, has been elected to chair the Public Interest and Accountability Committee (PIAC) whilst Dr. Thomas Kojo Stephens, of the Ghana Bar Association (GBA), was elected Vice Chair. PIAC, established in 2011, under the Petroleum Revenue Management Act...