Tag: 2022 Budget Statement and Economic Policy
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2022 Budget: Seth Terkper describes revenue target as over-ambitious
Former Finance Minister, Seth Terkper, is asking for in-depth details into how the government plans to achieve some of its targets in the 2022 budget. One of such is the government’s revenue target which Mr. Terkper believes is over-ambitious. The government of Ghana is aiming at increasing the tax to GDP ratio from 16% to…
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2022 budget: high lending rates in the country must be addressed- TAGG
Ahead of the 2022 budget presentation later this month, the Traders Advocacy Group Ghana (TAGG) is calling on the government to address the issue of the high cost of lending in the country. President of the Traders Advocacy Group Ghana (TAGG) David Amoateng indicated that addressing this concern is imperative as businesses continue to deal…
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2022 Budget: Gov’t tasked to check policies that hinder growth of small businesses
Calls for government to take steps at addressing fundamental challenges facing in various sectors of the economy keep intensifying as Finance Minister, Ken Ofori-Atta, prepares to present the 2022 Budget statement. Businesses in the Small and Medium-sized Enterprise (SME) industry for instance are charging the government to review regulations that hinder the growth of small…
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![Use 2022 Budget to push development and growth of entrepreneurship in Ghana [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2021/11/Parliament1-750x375-1.jpg)
Use 2022 Budget to push development and growth of entrepreneurship in Ghana [ARTICLE]
Entrepreneurship has been a major contributor to the gross domestic product (GDP), employment generation and innovation in Ghana. The International Trade Center (ITC) reported in the 2016 SME Competitiveness in Ghana that small businesses represent about 85% of businesses and contribute about 70% of Ghana’s gross domestic product (GDP). The report further indicated that they…
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2022 Budget: Gov’t urged to institute measures to block tax revenue leakages
Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye is asking the government to adopt pragmatic measures in the 2022 budget to seal all loopholes in Ghana’s tax system to rake in more revenue for development. Ghana loses a substantial amount of revenue annually through illicit financial flows such as trade…
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2022 budget: Stakeholders in manufacturing sector demand policies for stable economy
On November 17, the Finance Minister, Ken Ofori-Atta, is expected to present the budget statement for the 2022 fiscal year. Ahead of this presentation, stakeholders are hopeful that issues such as Ghana’s debt sustainability, illicit financial flows, unemployment, reduction of the revenue and expenditure gap, and many others will be addressed. Managing Director of fast…
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2022 budget reading rescheduled to November 17
The date for the 2022 Budget Statement and Economic Policy of government presentation has been rescheduled from the 15th of November to the 17th of November 2021. This is according to the Second Deputy Speaker of Parliament, Andrew Asiamah Amoako. “Parliament is engaged in another equally important assignment on 15th of November and therefore, the…
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2022 budget: Prof. Quartey calls for measures to boost Ghana’s growth rate
The Finance Minister, Ken Ofori-Atta is expected to present the budget statement for the 2022 fiscal year in Parliament on November 17, 2021. Ahead of this presentation, stakeholders are hopeful that issues such as Ghana’s debt sustainability, illicit financial flows, unemployment, reduction of the revenue and expenditure gap, and many others will be addressed. For…