The Republic Bank and the Business and Financial Times (B&FT) held a breakfast meeting on Tuesday, June 22 themed ‘Digitisation, Artificial Intelligence and Future of Things: The impact and immense opportunities for Ghanaian businesses’, with the verdict that the coronavirus pandemic has provided an opportunity for businesses to be...
The Minerals Income and Investment Fund (MIIF) is committed to increasing local participation and ownership in the minerals sector.
This will be achieved in collaboration with the Ghana Stock Exchange (GSE) and the Minerals Commission.
In MIIF's quarterly outlook for March 2023, highlights that mining companies will be required to list...
Aware of the DDEP’s potential impact on the financial sector, steps are being taken to mitigate that impact by establishing the Ghana Financial Stability Fund to, among others, provide solvency and liquidity support to eligible financial sector institutions.
The Financial Stability Fund (FSF) is finally set to come into play...
According to section 41 of the VAT Act, businesses are compelled to issue VAT invoices at all times - and failure to do so contravenes the law.
It is to this end that the Ghana Revenue Authority (GRA) is continuing its arrests and clampdowns on non-compliant VAT-eligible businesses. Head of...
At the recently-held World Bank/IMF Spring Meetings in Washington, Minister of Finance Dr. Mohammed Amin Adam charged central bank governors to integrate climate risks and opportunities into monetary policies and financial regulation practices.
According to him, this has become necessary to fortify economies against climate-induced vulnerabilities and catalyse a transition to a...
Finance Minister, Ken Ofori-Atta is expected to present the government’s mid-term budget review to Parliament on Thursday, while speculation is rife about the negative economic impact of the novel coronavirus on government projects and programmes.
Mr. Ofori-Atta was engaged by a section of the media on his expectations and we...
We were recently told by the Energy Minister, John Peter Amewu, that the 3% levy charged all consumers of electricity for street lighting generated GH¢273.9million for the years 2018 and 2019.
And out of that amount, the minister stated, GH¢134,266,116 was collected in 2018 and GH¢139,610,716 the following year.
Per the...
A legal practitioner who is currently working as a consultant with the Private Enterprises Federation (PEF) has observed that a large number of small and medium sized businesses remain informal not by choice, but because their efforts to transition into the formal sector are frustrated by delays in acquiring...
Despite the COVID-19 pandemic and its negative impact on businesses, the GRA was able to meet its 2020 revised revenue target.
The Authority was tasked to collect a revised tax revenue target of GH¢42,769.50; as of December 2020, it collected GH¢45,338.69 million exceeding the budget by GH¢2,569.19 million thus, with...
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...