In the coming weeks, the World Bank will enter into a new partnership framework agreement with Ghana - with the focus on carving conditions for a strong private sector-led growth, the Bank’s Vice President for Africa Western and Central Region, Ousmane Diagana, has revealed. A Country Partnership Framework (CPF) is...
Obtaining a second source of income all starts with an idea, one of the most potent forms of power that exists. I learnt from a TED-Ed that “power is the ability to have others do what you would have them do”. Is that not what all businesspeople want: the ability...
The Finance Minister, Ken Ofori-Atta, has encouraged Ghanaians to embrace the E-levy for development to thrive in the country. He said the government is committed to making judicious use of the revenue that will be accrued from the E-levy. He explained that the revenue will be used to embark on massive...
A Deputy Minister for Finance, Dr. John Kumah, has warned that the Finance Ministry will not support state agencies that fail to meet the reporting requirements specified in the Public Financial Management (PFM) Act, its regulations and the State Interests and Governance Authority (SIGA) Act. “In consultation with the Minister...
If government wants to be effective at revenue mobilisation, it should employ services of the private sector to partner the Ghana Revenue Authority (GRA), Chief Executive Officer of Dalex Finance Limited, Kenneth Thompson, has urged. His comments come on the back of insufficient domestic revenue which always leaves government with...
Smart economic policymaking invariably requires trading off some pain today for greater future gains. But this is a difficult proposition politically, especially in democracies. It is always easier for elected leaders to indulge their constituents immediately, on the hope that the bill will not arrive while they are still...
Data published by the Bank of Ghana (BoG) has revealed that the value of mobile money transactions has dropped by GH¢3.2 billion in December last year, less the one month after Finance Minister, Ken Ofori-Atta, announced in the 2022 budget of an electronic transfer levy (E-Levy). According to the report,...
The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 14.5 percent, citing elevated risk to inflation and debt sustainability challenges which have triggered some negative reactions from foreign investors. The decision however comes as no surprise at all, as various analysts predicted same...
Two weeks ago, Standards and Poor, one of the world’s leading credit rating agency lowered Ghana's long-term foreign and local currency sovereign credit ratings to B- from B.  Despite the downgrading the publication by S & P adjudged Ghana’s economy as stable. This implies Ghana’s economy is not on...
The Ghana-Turkey economic relationship has grown from strength to strength especially in the last decade as Turkey’s overall Africa policy began to take shape. Bilateral trade and investment in the Ghanaian economy by Turkish companies has grown significantly culminating in record growth at the end of 2020. Today, there...