Monday, December 5, 2022
There’s no better time than now for Africa’s banks to rise to the occasion in financing the continent’s trade and development - which has the added opportunity of ensuring food security, slowing down soaring inflation and sustaining jobs while creating new ones, Sérgio Pimenta, Vice President for Africa at...
The Bank of Ghana Governor, Dr. Ernest Addison, has calmed nerves over the country’s depleting foreign reserves, saying once polices outlined by government and the Bank start bearing fruit the situation will come back to normal. According to the Summary of Economic and Financial Data (November 2022) published by the...
The execution of government's medium-term economic plans, backed by the International Monetary Fund (IMF), will bring the Ghanaian economy back to pre-COVID levels according to a market observer. However, the recovery process will be expensive for all stakeholders, Apakan Securities remarked in a post-2023 budget analysis. Per the 2023 budget, government...
Members of the Trades Union Congress have called on their Union to reject the 2023 budget statement and economic policy, warning that the proposals in it will deepen the country’s economic crisis. Citing the decision to ban further employment for civil and public servants, the increment of value added tax...
Odotobri Rural Bank Limited at Jacobu in the Amansie Central district of Ashanti Region, having made strenuous efforts to put the bank back on the path of growth and profitability, has recorded impressive growth in all indicators. The bank recorded a profit before tax of approximately GH¢4million in the 2021...
As stated in Articles 179 and 180 of the 1992 Constitution of the Republic of Ghana, the Executive is required to present an account of the management of the economy for 2022 and a Budget Statement for 2023 financial year to the Legislature for approval. The Budget Statement and...
"It is now seven years since the world adopted the first-ever target to reduce illicit financial flows, including corporate tax abuse, following the AU/ECA High Level Panel on Illicit Financial Flows out of Africa report. This remains of critical importance with regard to the task of strengthening global efforts in...
African Export-Import Bank (Afreximbank) has renewed a partnership agreement with South Africa-based Thelo DB Proprietary Limited (Thelo DB). The two have signed a memorandum of understanding (MoU) to support railway corridor and network development and operations, including the opportunity to expand infrastructure and enhance operational efficiencies of existing networks. The MoU, which...
A good corporate governance system that takes the interests of numerous stakeholders into account is vital, if not the number one factor, for the success of any company within the short, medium and long term. Every corporate organisation, therefore, needs a clear governance structure with a clear scope of...
The Alliance for Social Equity and Public Accountability (ASEPA) has described the proposed 2.5 percent upward adjustment of the Value Added Tax (VAT) rate as contradictory to efforts employed to curb inflation, especially those of the central bank’s monetary policy interventions. Presenting the 2023 Budget Statement and Economic Policy on...
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