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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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Fiscal imbalance in economy must be addressed – Dr Gatsi

bycitibusinessnews
January 20, 2015
in Local Economy, News, Top Stories
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Economist, Dr John Gatsi is charging managers of the economy to critically address the fiscal imbalances within the economy in a bid to portray a good outlook for debt sustainability.

Dr Gatsi’s comments come in the wake of the International Monetary Fund (IMF) lowering its forecast for global economic growth this year and have called on advanced economies to maintain accommodative monetary policies.

In an interview with Citi Business News, Dr Gatsi said imbalances with revenue mobilization and trade must drive efforts to improve the current debt sustainability ration in the country.

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“GRA has indicated it wants to increase revenue mobilization; imbalance in terms of our expenditure and the revenue that we collect and in our case the revenue is available just that we are not putting in the mechanism to collect them effectively,’’ Dr Gatsi noted.

The International Monetary Fund (IMF) in its latest World Economic Outlook Report lowered its forecast by 0.3 percentage points for this year and 2016.

It has also projected global growth at 3.5percent for 2015 and 3.7percent for 2016 Speaking further on the matter, Dr Gatsi was of the view that current account deficit in terms of trade must be closed through various policies through the Finance Ministry’s point of view, the Trade Ministry and the general performance of agriculture in the country.

He added that the imbalances must inform decisions by managers of the economy this year; ‘’The IMF outlook is for the global economy, it’s an average therefore our specific situation should drive our efforts’’

 

By: Lorrencia Nkrumah/citifmonline.com/Ghana

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