Author: citibusinessnews

An Economist, Dr. Godfred Bokpin has described as over ambitious, fiscal targets set by the government in its 2016 budget statement and economic policy. [contextly_sidebar id=”pUodKJ4p9ADZDWLVgtOehCAMtwVsP6lf”]His basis is due to what he refers to as a limited time frame and a challenging economic situation to facilitate the implementation of the budget statement. Finance Minister Seth…

The MasterCard Foundation launches Initiative to connect Ghanaians to financial services

Nov 16, 2015

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The MasterCard Foundation has launched a six-year, $17.6 million initiative inpartnership with Oxford Policy Management to increase the range of financial services available to poor, rural populations in Ghana, Tanzania and Zambia. The “Savings at the Frontier” project will employ a unique approach to connect 250,000 people tothe formal banking system by designing new financial products tailored for informal savings groups, which, according to the 2015 Global Findex, are used by approximately nine million adults in the three target countries. “Today, those nine…

SEC on ADB Initial Public Offer: We are yet to receive the ‘go ahead’

Nov 16, 2015

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The Securities and Exchanges Commission (SEC) says it is yet to receive an official document from the Agricultural Development Bank (ADB) indicating the bank’s decision to continue with the launch of its Initial Public Offer (IPO). [contextly_sidebar id=”Ny8d97sxtinLHHa6dgdd9epK1IggGZuJ”]The Communications and Marketing Manager of ADB, Solomon Adu Atisso has stated that the bank expects to launch…

(Audio) Budget Watch 2016: Highlights of the budget statement

Nov 13, 2015

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Minister of Finance, Seth Terkper will on behalf of the President, present the 2016 Budget Statement and Economic Policy to Parliament today 13th November, 2015. [contextly_sidebar id=”bPCSpsoCILei2gXSTDikiDg7BU4tiQYb”]According to the Finance Ministry, the budget is expected to focus on accelerating and sustaining growth to maintain confidence in the Ghanaian economy. Seth Tekper in his presentation will…

Promoting eCommerce in Ghana: Operators appeal against tax increases

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in Business, TECHNOLOGY, Top Stories

Operators of electronic transfer systems in the country have made an appeal to the Finance Ministry not to consider increasing taxes charged on their operations. [contextly_sidebar id=”ti1x27yvlA0lKdHUF9AMIWUdChi42eux”]They argue that any such move will impede the growth of Ghana’s e-commerce platforms which they describe as a growing one. The call was made by the players at…

Govt must stop borrowing to pay debts – ISSER

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As Finance minister Seth Terkper prepares to present the 2016 budget to parliament tomorrow the Institute of Statistical, Social and Economic Research (ISSER) has admonished government to stop borrowing to pay debts. [contextly_sidebar id=”ulRs5oG5VNMWrduESQL0DzYm46pm3J3p”]ISSER is worried about government’s recurrent expenditure which it says it is not sustainable in relation to the gap in revenues. Ghana’s…

Inflation records no change in October

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Ghana’s inflation rate for October 2015 was 17.4 percent, the same as recorded in September 2015. [contextly_sidebar id=”HVrXmJ35QuVj734OmHFTY2s1yuzDKhmJ”]The monthly change rate was however 2.7 percent for October compared to – 0.1 percent recorded in September this year. The food and non-food inflation recorded inflation rates of 7.8 and 23 percent respectively. The main “price drivers”…

ADB justifies dismissal of workers

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The Agricultural Development Bank (ADB) has justified its decision to sack fifteen of the bank’s management staff in what it refers to as a result of a new organizational structure. [contextly_sidebar id=”pnQke8F4a0NjBbYDjQ0CspzxGSGHzoW5″]Fifteen workers of ADB were yesterday 11th November, 2015 fired by the bank. According to ADB, the 15 staff members were no longer needed…

(Audio) Budget Watch 2016: Bankers vow to resist tax increases

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