Category: Government
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Politics, uncoordinated actions slowing Ghana’s investment potentials – Ofosu-Dorte
Ghana is not standing tall as a fine investment spot among its counterparts on the African continent, mainly due to politics. Not only is partisan politics affecting the country’s investment potentials, but also the “lack of coordinated thinking and action”, a Senior Partner of AB & David Africa, David Ofosu-Dorte has said. For him, the…
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All hands must be on deck to bring Ghana’s economy back on track – BoG
With the world economy, including Ghana’s, dealing with the aftershocks of the COVID-19 pandemic and the challenges being posed by the ongoing Russia-Ukraine war, stakeholders in Ghana including the government, the Bank of Ghana, businesses as well as the media are being charged to actively and effectively play their roles to build confidence and facilitate…
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Economist advocates targeted fiscal policies to help deal with rising inflation
Economist with Databank, Courage Martey, believes the time for targeted fiscal policy interventions like subsidies for key sectors like Agriculture to check the rising rate of food prices which feeds into food inflation and national inflation is now. While the contribution of food and non-alcoholic beverages to national inflation saw a reduction by 1.6 percentage…
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Finance ministry refutes allegations of recklessness by IMANI
A Deputy Minister of Finance, John Kumah has refuted the Imani Center for Policy and Education’s claim that the Ministry of Finance had the highest level of fiscal recklessness between the years 2015 and 2020. According to the second Fiscal Recklessness Index 2020 Report, which utilized the Auditor General’s report to assess the fiscal recklessness…
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The Need to Pause and Rethink Tax Exemption Regime in Ghana
Ghana has been granting tax exemptions and getting virtually nothing in return. Meanwhile, higher and more taxes are imposed on citizens repeatedly. Public sector workers are asking government to pause and rethink the exemptions which are a drain on government revenue. Ghana’s low and declining tax efforts make it extremely disturbing for the country to…
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NPA boss named outstanding public sector leader of the year
The Chief Executive of the National Petroleum Authority (NPA), Dr Mustapha Abdul-Hamid continued in his streak of silverware collection as he emerged the ‘Outstanding Public Sector Leader’ for the year 2021 at the Ghana CEO Excellence Awards held at the plush Kempinski Hotel in Accra. He was awarded for his Sterling Leadership, Achievement, Business Excellence…
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Gov’t expenditure needs to be checked to help deal with inflation – ICAG
The Institute of Chartered Accountants Ghana is calling for fiscal discipline amidst the current high inflation and policy rate. Some stakeholders have blamed unbudgeted spending by government Ministries, Departments and Agencies (MDA’s) for contributing to the high level of inflation in the country. Since May 2021, when national inflation stood at 7.5%, the rate has…
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Seth Terkper urges Gov’t to present its policy alternative to an IMF program
Former Finance Minister, Seth Terkper has urged government to come out with alternative policies and programs that will support Ghana’s ailing economy, since it insists on not going to the International Monetary Fund (IMF) for support. Finance Minister, Ken Ofori-Atta, last week reiterated government’s stance on not seeking a bailout from the IMF, saying government…
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Over 120,000 persons reimbursed for wrongful e-levy deductions – GRA
After the initial challenges that fraught the first few days of the implementation of the electronic transfer levy, over 120,000 customers have so far been reimbursed for wrongful deductions. Head of Project Management Unit at the Ghana Revenue Authority Isaac Kobina Amoako stated that “The data we had for those who had a refund on…
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Current high inflation rate not an isolated event – Seth Terkper
Former Finance Minister, Seth Terkper has called on government to take a comprehensive look at the economy to resolve the high inflation rate phenomena being experienced and its knock-on effect on other parts of Ghanaian life. According to Mr. Terkper, the high rate of inflation is connected and tied to different aspects of the economy…