Tag: Bernard Avle
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Mere IMF-dictated fiscal discipline not enough to solve Ghana’s problems – Bernard Avle
The General Manager of Citi FM and Citi TV, Bernard Avle, is convinced that the regularity with which Ghana and other countries in the global South seek assistance from the International Monetary Fund (IMF) indicates deeper issues beyond mere IMF-dictated fiscal discipline. According to him, “There are ideological, cultural, philosophical, and historical factors at play…
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Bernard Avle writes: Breaking the 17; Alternatives to IMF conditionalities for economic development in Ghana
Over the past 65 years, Ghana has faced periods of large fiscal and external imbalances that have led to high inflation, declining reserves, depreciation of the Cedi, and high-interest rates. During such episodes, the country has had to turn to the International Monetary Fund (IMF) for a financial bailout. Ghana’s latest approach to the IMF…
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Fund management customers threaten to vote against Akufo-Addo over unpaid funds
Members of a group calling itself the Coalition of Aggrieved Fund Management Customers have given government by close of July to pay all locked up funds due them or face their wrath. In March this year, the Deputy Director-General of the Securities and Exchange Commission, SEC, Paul Ababio, told Citi Business News investors of the…
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Government’s GH¢65.8 billion revenue target realistic – Bernard Avle
The Finance Minister’s bid to mobilize at least GH¢65.8 billion in domestic revenue next year is achievable given the several reforms undertaken in the past 12 months, Bernard Avle, host of the Citi Breakfast Show has said. In presenting the government’s 2020 budget statement to Parliament earlier this week, the Finance Minister, Ken Ofori-Atta, announced…
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Revenue targets may be too optimistic — Ofori-Atta explains GH¢5 billion shortfall
The Finance Minister Ken Ofori-Atta has described the government’s revenue target set over the past four years as somewhat over-ambitious given that tax compliance has generally not performed beyond expectations. The government’s revenue target for July 2019 fell short by GHS5 billion; prompting concerns from the International Monetary Fund (IMF) that the government needs to…