The Bank of Ghana recently reported a significant loss of GHC 60.8 billion. What drove this huge loss?
The main reason behind it was the impairment of the holding of marketable Government stocks and non-marketable instruments of the Government, all held in the books of the Bank of Ghana. Additionally,...
Meta, the company behind Facebook and Instagram, will apply Ghana’s VAT charges across its ad platforms starting on August 1st, 2023. Since April 2022, the Ghana Revenue Authority (GRA) has required e-commerce and digital platforms without physical presence in the country to file tax returns and pay monthly taxes,...
At the Konstantinovsky Palace in St. Petersburg, Russia’s President Vladimir Putin held his first meeting with Dilma Rousseff, president of the New Development Bank (NDB) established by the BRICS (Brazil, Russia, India, China and South Africa) in 2015. Rousseff, the first woman to lead the Bank, was appointed to...
There is no denying that urbanisation is increasing globally. Over 50 percent of individuals already reside in urban regions, and forecasts from Urbanet suggest that this figure will exceed 66 percent by 2050.
The rapid growth of urban areas, as rightly pointed out by the World Bank, “presents several difficulties,...
Financing to meet adaptation and mitigation objectives
People of conscience need to break their ties with corporations financing the injustice of climate change----------Archbishop Desmond Tutu
Humanity is at crossroads, a moment of great risk and great opportunity. One path leads to unmatched growth and development; the other to great misery and...
The delay in approving tax waivers to companies under the One District-One Factory (1D1F) initiative by parliament has been described as ‘worrying and killing industry’ by the Chairperson of the Trade Committee in Parliament, Carlos Kingsley Ahenkorah.
Mr. Ahenkorah made these remarks on the floor of parliament following presentation of...
Fraud has become a prevalent issue in Ghana, posing a significant threat to the socio-economic well-being of the people and overall development. It is crucial that we recognise the importance of fraud prevention while realising that it is a concern for all, and not solely the responsibility of law...
In an era of digitalisation and convenience, Electricity Company of Ghana (ECG) has taken a significant leap forward by introducing the all new ECG PowerApp. This innovative mobile application is revolutionizing the way Ghanaians manage their electricity accounts, enabling cashless transactions, and empowering customers to take control of their...
The world is literally on fire this summer. Experts estimate that another COVID-level public health threat is likely to emerge in the next generation. Rising interest rates have left dozens of countries with unmanageable debt burdens. And for the first time in nearly half a century, the global economy...
Africa has embraced technology wholeheartedly, if the proliferation of Fintech start-ups and the ubiquity of mobile money transactions is anything to go by.
Indeed, billions and billions of dollars of mobile money transactions are done across Africa every day, so much so that Ghana’s sharp-eyed Finance Minister found it prudent...