Author: Bobbie Osei
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Over-concentration on consumption taxes hurting our revenue mobilization drive – Tax analyst
Ahead of the presentation of the 2022 mid-year budget review on Monday, July 25, 2022, government is being urged to announce clear measures that will lead to the collection of more property and income taxes compared to consumer taxes. According to Tax Analyst, Francis Timore Boi, the over-reliance on consumer taxes in the country is…
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Special credit facility needed to develop the agriculture sector – Chamber of Agribusiness
Despite out-performing Industry and the Service sector in terms of their growth rate in the first quarter of 2022, Ghana’s agriculture sector continues to lag in terms of its overall contribution to the country’s Gross Domestic Product (GDP). According to data from the 2022 budget, the Agriculture sector has been growing at a steady pace…
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More collaboration needed to further de-risk Agric sector – GAB
As government continues to contemplate introducing legislation to force banks to lend to the Agriculture sector, the Ghana Association of Bankers is calling for increased collaboration between public and private sector players to de-risk the sector. This comes on the back of recent remarks by the Minister of Food and Agriculture, to the effect that…
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Use Mid-year budget to fully review the benchmark values policy– AGI CEO
Ahead of the presentation of the 2022 mid-year budget review, the Association of Ghana Industries (AGI) is calling for a full review of the benchmark values reduction policy. According to the leading industry group, despite the announced reduction in the benchmark values discounts applied to general goods and vehicles, in February this year, their goods…
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Another team of IMF experts expected in the country in some weeks – DR. Touna-Mama
Another team of experts from the International Monetary Fund (IMF) should arrive in Ghana in the next couple of weeks to continue their data gathering exercise as well as further engagements with government, as part of efforts to further assess the country’s economic situation and help in the shaping of government’s Enhanced Domestic Program, that…
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Introducing legislation to force banks to lend is not the way to go – GAB advises
The Ghana Association of Banks has advised against using legislation to force banks to lend to the Agriculture sector. This comes on the back of recent remarks by the Minister of Food and Agriculture, to the effect that the banking sector has not been lending enough to the country’s agriculture sector to support its transformation.…
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Stakeholders call for increased transparency in how E-Levy funds are used
The Chief Executive Officer of the Ghana Chamber of Telecommunications, Dr. Ing. Kenneth Ashigbey, has backed calls for transparency in the manner in which funds accrued from the Electronic Transfer Levy (E-Levy) are used. One of the sources the government was hoping would help it raise much-needed revenue is the E-Levy, but information from government’s…
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Use Mid-Year budget review to reduce E-Levy rate – Prof. Quartey
Ahead of the presentation of the 2022 mid-year budget review, the Institute of Statistical, Social and Economic Research (ISSER), is calling for a reduction in the current charge rate of the Electronic Transfer Levy (E-Levy). The presentation of the Mid-Year budget review by the Minister of Finance Ken Ofori-Atta, which is expected to come off…
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Gov’t of Ghana extends deadline for submission of Aker Energy’s PDO
A little over three years after its initial Plan of Development to facilitate the optimization of the Deepwater Tano / Cape Three Points (DWT/CTP) block was rejected by government, Aker Energy, a leading oil exploration and production company, has been granted an extension by government for the submission of its Plan of Development. That’s according…
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Suggested expenditure cuts by the IMF should not affect industry – AGI pleads
The Association of Ghana Industries, AGI, has urged government to ensure that any requests for cuts in expenditure by the IMF, does not affect productive sectors of the economy like agriculture, manufacturing and industry as a whole. As discussions between government and the IMF picks up, different stakeholders have expressed different opinions on the impact…