While members of the Pensioner Bondholders Forum continue picketing at the Finance Ministry, parliament has, as a matter of urgency, requested the Minister of Finance, Ken Ofori-Atta, to brief the House on details of the Domestic Debt Exchange Programme being implemented by government.
Members of Parliament (MPs) are of the...
Minority Leader and Ranking Member of the Finance Committee in parliament, Dr. Cassiel Ato Forson, commenced parliamentary duties this week by recommending that a halt be placed on tax waivers to save the economy much-needed revenue in the face of current economic challenges.
The World Bank has advised government to...
The Venture Capital Trust Fund (VCTF) was established by Venture Capital Trust Fund ACT, 2004, (ACT 680) to provide financing to small and medium-sized enterprises (SMEs) by easing access to long-term funding to SME’s.
VCTF’s Chief Executive Officer, Yaw Owusu-Brempong, has revealed that in the next five years, the Venture...
The same Auditor-General’s report suggests the National Health Insurance Authority (NHIA) owes 78 health institutions across the country to the tune of GH₵51.4million as at December 31.
This is in contravention of Regulation 38 of the National Health Insurance Regulations, 2004 (L.I.1809), which requires that a claim or payment of...
Johnson Akuamoah Asiedu, the Auditor-General, in his latest report has raised some pertinent questions about Ghana Cocoa Board’s (COCOBOD) increasing debt burden.
The debt accumulation emanates from short-term cocoa loans of about GH¢8.49billion; BoG 10-year loan of almost GH¢1.4billion; medium-term loans in a total of GH¢1.28 billion; as well as...
A recent report published by the Bank of Ghana has revealed further details regarding irregularities with microfinance companies and savings and loans institutions, with new information indicating that most of these companies diverted funds into other ventures - thereby leading to their insolvency.
A collaborative effort by the Joint Receivers,...
Head of Digital and Inclusive Banking at the Bank of Ghana, Martha Acquaye, expresses confidence that the Central Bank Digital Currency (eCedi) will revolutionise Ghana’s payment and settlement system by making markets more diverse and competitive.
She is confident that introduction of the eCedi will bring about a more effective...
The Bank of Ghana’s (BoG) decision to implement an e-cedi currency came like a bolt from the blue, and has got tongues wagging.
The electronic currency is among other reasons aimed at enhancing low transaction costs, improving security of payments as well as ensuring higher monetary transaction limits.
According to the...
Data from the Ghana Revenue Authority (GRA) shows that between 2015 and 2020 the contribution of personal income tax fell from 2.1 percent to 1.22 percent - a situation that is affecting domestic revenue mobilisation, as the country is among the continent’s economies with the poorest tax to GDP...
Despite the dreadful impact of COVID-19 on economic activities, cocoa production for the 2020/2021 crop season far exceeded its projected target.
With the crop season even yet to come to an end, about 1,041,258.63 metric tonnes of cocoa has been recorded as at last week - which is far beyond...