…with a strong call for adaptation measures to tackle the “looming climate change threat” to Africa
The 2022 African Economic Conference (AEC) closed in the island nation of Mauritius, with a strong call for Africa to adopt smart technologies to tackle what speakers described as “the looming climate change threat”...
Property taxes are the most progressive tax government can use to mobilise revenue for development. Though the 2023 budget makes some new innovations in mobilising property rates through a Unified Property Rate Platform programme to be deployed by the Ghana Revenue Authority, government needs to take a critical look at...
A staff-level agreement (SLA) has been reached between government and the International Monetary Fund (IMF) about economic policies and reforms that will be backed by a new three-year Extended Credit Facility (ECF) arrangement, worth around US$3billion or SDR 2.242billion.
Although the SLA won't become legally enforceable until it has gained...
Experts at the Danquah Institute Economic Forum have proposed a raft of measures to government, including introduction of an exchange rate stabilisation levy as it seeks to prevent the country’s ailing economy from deteriorating further.
They also called for rationalisation of government expenditure by allowing state-owned enterprises to stand on...
The Executive Chairman of the Jospong Group of Companies (JGC) has advocated homegrown solutions to address the economic challenges currently bedeviling the country.
“The economic challenges that we are facing should rather bring forth our entrepreneurial spirit as we find homegrown solutions to them,” Dr. Joseph Siaw Agyepong made the...
SEND Ghana has announced its preliminary assessment and analysis of the 2023 National Budget Statement and Economic Policy. This year’s assessment is a 5year trend analysis spanning 2019 to 2023 and covering 5 Ministries: Health, Education, Agriculture, Sanitation and Water Resources, as well as Gender, Children and Social Protection.
Our...
A staff-level agreement has been reached between the International Monetary Fund (IMF) and Ghana for a new three-year arrangement under the Extended Credit Facility of about US$ 3 billion.
The arrangement aimed to restore macroeconomic stability and debt sustainability in the struggling West African country, the Fund said.
Commenting on the...
1.0 Introduction
This study is an attempt to analyze the extent to which Ghana’s domestic debt restructuring options such as debt reduction, debt rescheduling and debt reprofiling will impact on the financial sector as well as on the overall economy.
For the purpose of this paper, domestic debt restructuring (DDR) refers...
While government is yet to officially write to the Chamber of Mines on the proposed gold for oil barter policy, the Chamber is wary of how having too much cedis could affect its members.
The government wants large-scale miners to sell, at least, 20 percent of their gold in local...
To safeguard the integrity of the financial sector and minimise risks associated with the recently-announced Debt Exchange Programme (DEP), sector regulators will “deploy all regulatory and supervisory tools to mitigate risks to financial stability”, the Financial Stability Council has disclosed.
In a communiqué dated Wednesday, December 7, 2022, the council...