Bank of Ghana interventions helping steady CediÂ
The Cedi halted its recent slide against the dollar, trading stronger at 7.51 from 7.53 at last week’s close as the Bank of Ghana intervened to ease pressure on the currency.
Ghana President Nana Akufo-Addo signed into law the controversial Electronic Transfer Levy bill,...
On Wednesday 30th March 2022, the European Commission released a set of strategies that are intended to accelerate its transition towards a circular economy. The EU’s new sustainability rules have been proposed to ensure that everyday things like clothes, smartphones, and furniture will have to be made to be...
Output falls at sharpest rate since April 2020
Substantial increases in both input and output price inflation
Sentiment dips to nine-month low
March PMI data for Ghana pointed to a second successive deterioration in business conditions as new orders fell for the first time in seven months and output...
Even before the Electronic Transaction Levy (E-levy) takes effect next month, available data show that the mobile money platform has lost about GH¢10billion in value between November 2021 and January 2022 - a development that raises serious concerns about the new tax’s ability to rake in the anticipated revenue.
According...
The virus pandemic has had disastrous impact on the Ghana, with every facet of the economy taking a knock. Disruptions to commercial supply chains and trade and a subsequent business shutdown had a tolling effect on jobs, livelihoods and disposable incomes.
The first among many other lessons that the pandemic...
Recent fiscal and monetary measures announced by managers of the economy to rein-in the downturn are far from adequate long-term solutions, as structural inefficiencies remain across the ‘value-chain’ of the economy.
This is according to economist and professor of Finance at the University of Ghana Business School (UGBS), Prof. Godfred...
President Akufo-Addo has called on Ghanaians to accept the Electronic Levy bill (E-levy), saying he is confident the 1.5 percent tax will make a significant contribution to revenue mobilisation and management of the national economy.
The controversial E-levy was passed at 1.5 by parliament despite a walkout by the minority...
President Akufo-Addo has said that a sum of GH¢17.7 billion - 4.6 percent of Gross Domestic Product (GDP) - has so far been spent on containing the COVID-19 pandemic since its advent in 2020, citing data from the Ministry of Finance.
During the State of the Nation Address (SONA), the...
The Electronic Levy bill (E-levy) has been passed by parliament despite a walkout by the minority group in the House on Tuesday, March 29, 2022. By this, the levy becomes operational once President Nana Akufo-Addo assents to it as he prepares to deliver the State of the Nation address...
Two lecturers at the University of Ghana say the current economic challenges give government a perfect opportunity to review its flagship programme - Free SHS, as it is draining the public purse and leaving little for other sectors.
According to the lecturers, who are both experienced economists, the Free SHS...
