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...
The Noguchi Memorial Institute for Medical Research (NMIMR) of the University of Ghana believes the huge number of asymptomatic cases of the new Delta variant poses a severe risk with attendant devastation than the previous two waves of COVID-19.Consequently, it has impressed on government to take a second look...
Subsidies in agriculture are great, just ask the American farmer. Direct United States federal government aid to America’s farmers increased from US$22.4billion in 2019 to US$46.5billion in 2020 - which accounted for 39% of net farm income. This is according to data from the Economic Research Service of the...
The International Air Transport Association (IATA) is calling on governments to take action to address the high cost of COVID-19 tests in several jurisdictions.IATA also urged flexibility in permitting the use of cost-effective antigen tests as an alternative to more expensive PCR tests.According to IATA’s most recent traveler survey,...
In view of security and data breaches across the globe by cybercriminals, government has taken a bold step to confront the increasing and obvious risks which the state faces by enacting the cybersecurity act 2020, Act 1038.The Act is to regulate cyber issues and also empower the Authority with...