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...
In recent times, some political analysts, economists and financial experts, including the former Minister of Finance, Hon. Seth Terkper have been calling on the Nana Addo’s administration to resort to the IMF for a bailout.
The call for the bailout was as a result of the fact that, Foreign-Currency Issuer...
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 PFM Act, PFM Regulations, and the SIGA Act.
He made this statement at the annual Policy and Governance Forum organised by...
The human was born free and has been free to do business to make a living. However, during this process, society expects compliance with certain standards and regulations to ensure the smooth flow of usual activities and socio-economic norms. The society also expects a certain kickback from the people...
Last year, the Petroleum Holding Fund (PHF) received a total of US$664.9million as petroleum receipts realised from oil liftings among other revenues during the period, the semi-annual report on performance of the Ghana Petroleum Funds has shown.
Per the report from the Bank of Ghana on performance of the PHF,...
FBN Bank Ghana has said it is all set to start its partnership with government to implement the YouStart initiative come March 2022.
Speaking in an interview with the B&FT at the grand opening of its newest branch at Atomic Junction-Accra, Chief Executive Officer for FBN Bank Ghana, Victor Yaw...