Category: Economy
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![2022 mid-year budget review [Full speech]](https://citibusinessnews.com/wp-content/uploads/2022/07/ofori-atta-in-parliament.jpg)
2022 mid-year budget review [Full speech]
The Finance Minister, Ken Ofori-Atta has presented the 2022 Mid-Year Budget Review to Parliament for approval. The review, which did not see a request for new funds, noted the current macroeconomic figures that have suffered in recent times. It also announced a return of road tolls on the Tema-Accra Motorway in the future and the…
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Mid-year budget: Gov’t urged to cut down expenditure to align revenue targets
Economist, Courage Boti, is calling on government to cut down what he calls excess expenditure to align its revenue targets with its expenditure as the country seeks an IMF bailout. This forms part of issues he expects to be addressed in the upcoming mid-year budget review presentation on Monday. Ahead of the presentation, many stakeholders…
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SIM card registration exercise will not be extended again – Ursula Owusu-Ekuful
The Minister for Communications and Digitalization, Ursula Owusu-Ekuful has warned that the deadline for the registration of SIM cards in Ghana, will not be extended for a second time. The exercise which began on 1st October, 2021, was originally scheduled to end on 31st March, 2022, was extended by the sector Ministry to 31st July,…
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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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MPR must be maintained due to slowdown in inflation curve – Economist proposes
Economist with GCB Capital Limited, Courage Boti has suggested that the Monetary Policy Committee should maintain the current monetary policy rate despite calls by other stakeholders to increase it to stem inflation. Although the country’s inflation rate increased to 29.8 percent in June, the 2.2 percentage point gap compared to what was recorded the previous…
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Mid-year budget: Atta-Akyea confident gov’t will prioritize revenue measures reforms
Ahead of the mid-year budget review, Chairman of the Mines and Energy Committee of Parliament, Samuel Atta-Akyea, is confident government will prioritize making revenue measures effective. The mid-year budget review which was earlier slated for this week was postponed due to the government’s engagement with the IMF for a bailout program. All other things being…
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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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IEA suggests hybrid approach in tackling rising inflation rate
The Institute of Economic Affairs (IEA) is asking the government to take overall responsibility in checking the rise in the country’s inflation rate, as it suggests the use of a hybrid approach to deal with the situation over the long term. This approach, according to the Institute, is a combination of the inflation targeting approach,…
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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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E-Levy won’t be terminated because of IMF bailout – Gov’t assures
As government commences its in-person meetings with the delegation from the International Monetary Fund (IMF) team, led by Mission Chief for Ghana, Carlo Sdralevich, starting, Wednesday July 6, 2022, it is assuring that the controversial Electronic Transfer Levy (E-Levy) will not be terminated. According to the IMF, it stands ready to assist Ghana to restore…