Government intends to use its revenue and expenditure measures in the 2018 budget to continue to stabilise the economy, offer reliefs to make the private sector competitive and create more employment. But without the needed revenues, these objectives will not be realised. Funding for most of government’s developmental projects is...
As we all know, the world, at the end of 2019, woke up to a new pandemic, Coronavirus, i.e. COVID-19,which has since spread and affected over 200 countries and territories, as at March 2020. Our country Ghana was hopeful that the spread of the virus will not affect Ghana and...
Volta Regional Minister, Dr Archibald Letsa has underscored the need for government agencies to take advantage of the resource provided by the District League Table (DLT) to help develop their districts and give their citizens a better life. Rather than seeing the DLT study as a tool to name and...
Ghana’s efforts to drive new growth by stepping up industrialisation across rural areas, increasing oil production and boosting agricultural output are explored in a country report just produced by the global research and consultancy firm Oxford Business Group (OBG). The Report: Ghana 2018 charts the progress of new offshore...
The results from the 2017 District league table (DLT) is to be brought to the regional level in a series of launches in the month of March, 2018. The regional dissemination would this year be modified to serve as a learning platform to enable struggling districts learn from the best...
If there is any significant intervention that has changed the financial sector and landscape over the last decade in Ghana, it is undoubtedly the emergence of mobile money. This has been made possible through the collaboration of Fintechs, Mobile Network Operators (MNO) and the Banks. It`s an undeniable fact that,...
As part of measures to close the yawning budget deficit gap created by impacts of the coronavirus pandemic, the central bank has triggered its emergency financing provision that will allow it to support government to the tune of GH¢10billion this year. Since 2016 when Ghana entered into an Extended Credit...
The country’s already struggling stock market has not been spared the impact of deadly coronavirus pandemic as a report by Databank Research shows that significant value has been wiped off the market once the first case was recorded in March. The report, which analyses the economy for the first quarter,...
Globally, the COVID-19 pandemic has put more pressure on businesses to find ingenious ways of serving its customers while keeping them safe. The banking industry which is no exception has been on its toes to ensure that while customers are given access to financial services to keep them going,...
Just like every other sector, the country’s banking industry could not escape the devastating impact of the coronavirus pandemic, as new data from the regulator shows declining profit growth rate and escalation in operating expenses. The Banking Sector Report (May 2020) reveals that the industry’s profit-after-tax outturn was GH¢960.4 million...