Wednesday, February 1, 2023
Government has extended the Domestic Debt Exchange Programme (DDEP) for a final time to make way for all stakeholders to participate in the programme, based on the ‘last leg’ amendments. The Ministry of Finance, in a statement, mentioned these amendments have necessitated a final extension of the deadline from January...
The Ghana Revenue Authority (GRA) has revealed that some leading shopping malls and eateries are duplicating electronic VAT serial numbers in an attempt to evade tax. The Head of Accra Central Enforcement Area-GRA, Joseph Annan, speaking to the B&FT in Accra after a visit to some retail departmental shops said:...
Business sentiments at the end of 2022 showed signs of recovery, leading to increased optimism in the economy - largely on the back of cedi-stability at the time, along with the staff level agreement (SLA) with the International Monetary Fund (IMF). The Bank of Ghana’s latest survey is consistent with...
Government has announced a novel rental support programme - the National Rental Assistance Scheme (NRAS) - to provide low interest loans for eligible low-income earners. The scheme is expected to reduce the burden of vulnerable groups having to fork out money as advance rent payment, and will be implemented in...
Working hand-in-hand, banks and financial technology firms (fintechs) can co-exist and successfully design solutions which not only meet customer needs but also ensure their survival amid the ongoing economic crisis. The two have often been seen as competitors, but that notion has been dispelled by Chief Executive Officer of the...
The banking industry, which had previously been resolute, is now exhibiting signs of vulnerability - as latest data show that the primary financial segment experienced mixed fortunes in 2022. In its first Summary of Economic Financial Data of the year - published on conclusion of the 110th Monetary Policy Committee...
Decisions to bridge inflation target gap Anticipates return to target band in 4 to 5 years Cost of borrowing to go up The Monetary Policy Committee (MPC) of the central bank has further raised the policy rate by 100 basis points to 28 percent from 27 percent, in an...
An estimated US$8.3million in monthly revenue is lost through corrupt practices at the country's seaports. This sum amounts to almost US$50million every six months and US$100million each year, according to Vice President Dr. Mahamudu Bawumia. The losses, he said, are due in part to deception by some importers who, with...
Ralph Mupita, the President and CEO of MTN Group - Africa’s telecommunications giant, has called for modernisation and harmonisation of regulatory frameworks to ensure Africa can deliver universal broadband coverage by 2030. He made these remarks at the Africa Prosperity Dialogues’ maiden edition held at Aburi in the Eastern Region. The...
Q: It’s a new year and what should Ghanaians expect from the oil and gas industry with regards to revenue to government, exploration and production? A: Government will continue receiving royalty, taxes and oil liftings as per the provisions of the Petroleum Agreements it has signed with the different companies...
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