Tuesday, September 27, 2022
The 2020 Auditor General’s (AG) report is making some interesting revelations, and the latest before us is that an amount of US$1,569,839 (GH¢7,294,572) for a budget that was released into COCOBOD’s Farmers’ Wards Scholarship Trust Fund for two academic years, 2017/2018 and 2018/2019, has been misapplied. The 2017/18 and 2018/19...
The Bank of Ghana’s 2020 Banks & SDIs Fraud Report says the reported value of fraud for 2020 was GH₵1.0billion as compared to GH₵115.51billion recorded in 2019, and the central bank notes that this poses reputational risks to some banks. It is noteworthy that despite the increasing rate of fraud...
Tomorrow, September 1, commences a series of tariff liberalization measures required under the Ghana-UK Interim Trade Partnership Agreement (ITPA). The Ghana-UK ITPA was ratified by Parliament in May this year after the UK completed processes to exit the European Union (EU). The move provided an opportunity for the two countries...
The Council for Scientific and Industrial Research Institute (CSIR) is calling for pragmatic amendments to its powers to make CSIR more relevant in solving modern challenges. Providing details for the need to amend the law governing its operations, the Director of the CSIR Water Research Institute, Professor Mike Osei-Atweneboana, observed...
Domestic revenue mobilization has not met expectations or revenue targets that is why the International Monetary Fund (IMF) is urging government to leverage underutilised tax handles such as alcohol, tobacco, and property taxes to boost domestic revenue mobilization efforts. According to the Fund’s Article IV report, non-fuel excises make up...
The latest report published by the Intergovernmental Panel on Climate Change (IPCC) is a stark warning from scientists around the globe that human activity is damaging the planet at an alarming rate. The report highlights that cutting global emissions, starting immediately, to net zero by mid-century would give a good...
The National Petroleum Authority’s CEO, Dr. Mustapha Abdul-Hamid is approaching his new appointment with an amazing intent to see the downstream petroleum sector sanitized. Dr. Abdul-Hamid is resolute in supervising and ensuring that the right thing is done and the legacies he inherited from his predecessor, is protected. There are 170...
Bank of Ghana’s Monetary Policy Committee (MPC) is highly concerned about the declining growth in lending to the private sector from banks, mainly due to their preference to lend to government. The MPC is worried that if that trend persists, it could affect economic recovery plans, post-COVID-19. Data from the Summary...
In view of the fact that the highly transmissible strain of COVID-19 which originated from India - the Delta variant - has also been detected in the country, Ghanaians have to brace themselves for a surge in COVID-19 cases. Ghana is currently in its third wave of infections, and health...
Finance Minister Ken Ofori-Atta has lamented that for the past six years 47 public enterprises have not submitted any financial statements to his ministry, in stark contravention of the Public Financial Management (PFMA) Act 921. Mr. Ofori-Atta disclosed that only 14 out of 129 State-Owned Enterprises (SOEs) and Other State...
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