Finance Minister Ken Ofori Atta is optimistic that the projected tax-to-GDP of 20 percent from the current 13 percent will materialise if government increases revenue mobilisation and harnesses a digitalised economy.
This, the minister said, when attained will enable government to raise funds to support the recently announced GH¢100billion Ghana...
The price of imported fresh tomatoes has sharply increased, as traders now have to travel up north to neighbouring Burkina Faso to buy fresh tomatoes for sale on the local market.
This perennial shortage of the vegetable and reliance on Ghana’s northern neighbour to meet local demand for the commodity...
Government’s GH¢100 billion COVID-19 Alleviation and Revitalisation Enterprises Support (CARES) programme aimed at stimulating large industries to enhance job creation and foster economic revival must be properly managed or risk further shooting up the debt stock, global auditing giant Deloitte has said.
The country’s public debt stock has increased to...
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...
Consumer inflation has further declined to 52.8 percent in February 2023 from 53.6 percent the previous month, easing price pressures since January 2023.
Inflation peaked around 54.1 percent in December, 2022, accelerating for 19 consecutive months, according to data from the Ghana Statistical Service (GSS). The February 2023 inflation declined...
The Union of Industry Commerce and Finance Workers (UNICOF), one of the youngest and well managed labour unions, is making great impact in the formal and informal sectors of the economy.
An offshoot of Industrial and Commercial Workers Union (ICU), UNICOF has well strategized mission and vision which have made...
The Ghana Stock Exchange saw a decline of trading activities in the first quarter of the year, mainly induced by the global impact of the coronavirus pandemic - pushing investors to flee to safer havens like gold, the Japanese Yen and US dollar, a Bank of Ghana report has...
The National Board for Small Scale Industries (NBSSI) and Mastercard Foundation have initiated a programme dubbed Young Africa Works to create some 39,000 jobs for the youth through entrepreneurship.
The three-year programme is an entrepreneurship development and employment programme targeted at young people, particularly young women, in Ghana. The project...
Consumer inflation further increased to 31.7 percent year-on-year (y-o-y) in July 2022, on the back of persistent price pressures from transport, data from the Ghana Statistical Service (GSS) have shown.
This represents a 1.9 percentage point rise from 29.8 percent recorded in the previous month.
Persistently increasing food, petroleum and transport...
The post COVID world has been observing massive heights in product price/inflation. However, it remains a grey area if the trajectory is long or short. Let’s first go through detrimental aspects of inflation in terms of the economic environment, global supply chain, policy regulations, demand factors, cost-push factors, rising...